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