Harvard Halts Round 3 MBA Admissions
Beginning this application season, Harvard Business School (HBS) will no longer feature a Round 3 for applicants to its MBA program, the school’s admissions director announced in a post to his blog this morning.
“After careful consideration, we have decided to focus our MBA application process on two rounds—with deadlines in September and January—and to focus our spring round on 2+2 applications,” Chad Losee, HBS managing director of admissions and financial aid wrote on his Direct from the Director blog. “To be considered for the Harvard Business School Class of 2021, you need to apply in either Round 1 (September 5, 2018) or Round 2 (January 4, 2019),” he added.
“We are trying to do what is in the best interest of the admits,” Losee explained to Clear Admit yesterday. The customary May release of Round 3 decisions has created a time crunch for incoming students in terms of securing housing, securing visas in the case of international students, and completing HBX Core, a set of online foundational courses all students are expected to finish prior to arriving on campus.
So, what do these changes mean for the next round of applicants? For starters, HBS will now admit its entire class in Rounds 1 and 2—with the exception of applicants to the 2+2 Program, the deferred admissions program for college students. The 2+2 deadline will still be in March.In addition to giving all admitted students adequate time to be fully prepared for fall enrollment, the decision to scrap Round 3 also reflects applicant behavior, Losee added. “One thing we have noticed over the last three years is that applicants are choosing this on their own,” he said. “Round 3 application numbers have been going down, and Round 2 application numbers have been going up.”
There are not plans to significantly change the timing of Rounds 1 and 2 this year, Losee said. “We might adjust the date a little bit for Round 2, just by a day or two,” he said. But the application deadlines for those two rounds will continue to be in September and January respectively.
Chad Losee, HBS managing director of MBA admissions and financial aid
As in the past, HBS will place some applicants on the waitlist as part of Rounds 1 and 2. As for whether the switch from three rounds to two will necessitate a change in terms of the overall size of the waitlist, time will tell, Losee said. “We never take for granted the people who are on the waitlist because we know they put a lot out there,” he said. “We try to keep the waitlist as small as possible and to let waitlisted applicants know as soon as possible—and that will continue to be true.”
Losee also noted that with the elimination of Round 3, some waitlist decisions could come earlier than they have in the past. “Until now we have needed to wait until Round 3 happens to make decisions with regard to our waitlist,” he said.
HBS Decision Comes as No Surprise
“Based on the multiple calls for Round 3 applicants from a number of leading schools this year, this decision by HBS comes as no surprise,” Clear Admit Co-Founder Graham Richmond said on hearing the news. “Today’s MBA applicants are increasingly applying early.” It’s a trend that has been evolving over the past 10 to 15 years, during which time Round 1 has slowly eclipsed Round 2 as the round of preference and the message from schools to “apply early” has gradually sunk in for applicants.
“It’s also likely a reflection of two new realities “ Richmond added. “First, the new challenges faced in the U.S. immigration policies, even for student visas. And second, the fact that more and more MBA students seek to spend the summer months in pre-MBA internships (as opposed to leisurely backpacking around the globe).”
These forces together with the messages from leading schools for “serious” candidates to apply early likely contributed to the elimination of Round 3 by HBS, Richmond concludes. “With that said, one can’t help but wonder if some Round 3 candidates—particularly the non-traditional sort who aren’t in the MBA pipeline from an early date—may fall ‘out of the process,’” he added.
Richmond added that he is not sure that every school will follow HBS’s lead and eliminate Round 3, however. “There are likely many applicants who won’t make the cut in Round 2 at the likes of Harvard, Stanford, and Wharton, who then may seek to submit late-round apps elsewhere,” he said. “As such, I don’t expect schools in the next tier (e.g. non-top-3) who are seeing declines in application volume to take this step.”
To read Losee’s complete post, click here.
This article has been edited and republished with permissions from our sister site, Clear Admit.
Harvard Offers Credit for HBX CORe Program
Harvard Business School is now offering college credit to students who complete the HBX Credential of Readiness (CORe) online program. Students who complete the program starting in January, will receive eight undergraduate education credits. The credits will be given through the Harvard Extension School. HBX CORe, is an online program designed to help students to become familiar with business fundamentals. This is a three-course 100 percent online program. The program is ideal for those who do not necessarily have a business background but plan to move in to more business-related or desire to learn more about the language of business.
The Harvard Extension School is Harvard University’s school for continuing education that provides part-time students with access to Harvard programs. The CORe program is offered of credit in collaboration with the Harvard and Extension School and HBX, Harvard Business School’s online initiative. HBX CORe was launched in 2014 and has had more than 5,000 program participants since its beginning.
HBS Marks End of First HBX CORe Program
Harvard Business School’s new digital learning initiative, HBX, held a closing ceremony for its first offering on Sunday, Nov. 2, 2014. The event formally marked the completion of HBX’s first offering, HBX CORe (Credential of Readiness). The ceremony was held on the School’s campus in Boston.
HBX uses technology to enhance the potential to educate leaders who make a difference in the world. The CORe program is the primer for HBX. The program focuses on the fundamentals of business. HBX also offers specialized courses that focus on specific business topics. The final level of HBX is HBX Live!, a digital learning environment that will enable learners from all over the globe to connect in a real-time, one-of-a-kind studio classroom.
