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Business Schools are less enthusiastic about deferrals

Deferral is a practice where candidates because of some unforeseen circumstances like inability to secure a loan, family commitment etc are not able to join the MBA program. Earlier, business schools were more liberal towards deferral. But the increases in MBA applicants and the competition have changed the rules for deferrals.

Business schools face two risks. One is the inability to measure the applicant’s skills with next year’s applicant and the second one being the risk that the deferred student might not join the MBA program.

To hedge this risk, business schools have reduced the number of deferrals allowed this year. Also, some schools are using a written agreement and a deferral deposit to cut the cost of deferrals.

Read Admission Deferrals: Business Schools Hold the line

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F1GMAT: Would you encourage others to attend MIP International MBA Program?

Vineeth: Oh yeah! The study method consists of a good mix of case studies and classroom lectures. The number and quality of contacts that MIP has in the business world is impressive.

To top it all- MIP is truly international. In my class we had more than 20 different nationalities. The diversity and different experiences makes for testing times during discussions. However, it does serve up an invaluable learning experience, helping build a good foundation to pursue a career in the international business arena. Get in touch with alumni to get a better picture of the institution.

Vineeth George Abraham is a MIP, Politecnico di Milano, School of Management alumnus 2008/09. He cracked the GMAT with a 740 and received a scholarship from MIP. He is currently working as a Marketing Campaign Planner at IBM, Bangalore

Read the full interview

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