3 Critical Tips on MBA Deposits

Did you know that every top business school has a different policy for paying deposits? I'm Ellen and I share all the best kept secrets. You need to get into a top business school. Once you're admitted to a school, you're required to pay a deposit to save your spot, which might seem simple, but it's not. First, deposit deadlines vary greatly. Some schools give you as little as two weeks to pay your deposit, while other schools give you months. This can also vary by round. This can make a huge difference for your personal budgeting and to negotiate scholarships. Second, the amount can vary from thousands of dollars to tens of thousands of dollars. And this can be kind of an issue if you have to pay one school before the other school gives you a decision. You don't want to have to pay your backup school a non refundable 10 grand deposit before you hear from your dream school. Since deposits are non refundable. Play it smart. Look at all of the deposit deadlines before you apply to make sure that your dates check out. So make sure you check all of the deposit deadlines before you apply to make sure all of your hard work doesn't go down the drain, and to make sure that you don't end up at a school that you're not as excited about. And I think that's a secret worth sharing.