Should Your MBA Application Strategy Include ‘Safety’ Schools?
The termsafety school gets thrown around quite a bit in MBA admissions, andits important for applicants to have a clear understanding of what that term means before they start the business school selection process.
The rule when coming up with a list of businessschools is that you must feel genuine enthusiasm about attending each and every one of them, regardless of whether they are dream schools or programs you might consider a safer bet. If you would feel disappointed rather than ecstatic about advancing your career by attending a school, then do not apply. Thats a waste of everyones time and your money.
A good way to determine whether your list should include one or more safety schools is by asking yourself how important it is for you to go to business school next year. If the need is immediate, then definitely include a range of schools of varying degrees of competitiveness. The application pool fluctuates each year, and all you need is one admit, so spread some risk around.
However, if youve zeroed in on a handful of highly competitive programs that you strongly feel are the best choices for advancing your professional goals, and you have some flexibility with the timing, it would be better to focus your energies on the GMAT and elevating your profile in line with your target programs characteristics.
What Exactly is a Safety School?
A safety school doesnt mean youd be guaranteed an offer of admission, though. It merely means your chances are far greater than at a program with an acceptance rate of 15 percent or lower.
So, in order todecide what qualifies as a safety school for you, start with the hard data points. As a general guideline, take a look at programs you like where your profile falls within the top 10 percent of admitted students.
Compare your undergraduate GPA, GMAT score, years of work experience and particular industry with those of accepted applicants reported by the school in their class profile page. If your industry is underrepresented, consider that an advantage for your application.
Everyone has different reasons for applying to business school. Your main focus may be on networking prospects, the educational experience, geographic location, culture, special programmingor evenfamily tradition. If youre excited about any of those elements at a schooland would be happy to attend for any of those reasons, then consider it, even if its a safe choice.
I had a client who applied to both University ofCaliforniaLosAngeles Anderson School of Management and Stanford UniversitysGraduate School of Business. Of the two, Stanford is obviously the more competitive reachschool, but my client was from Los Angeles and would have been happy to go to Anderson, thus making it a great selection for a safety school.
Ultimately, he did get into Stanford and chose that school over the fullscholarship offer he received from UCLA.
Another client faced the difficult decision of remaining on the waitlist at theUniversity ofCaliforniaBerkeley Haas School of Business, his dream choice, or accepting an offer of admission from theUniversity ofTexasAustinMcCombs School of Business, his safety school and one he would be thrilled to attend.
When the waitlist purgatory continued into summer, even after hed submitted a deposit to hold his place at McCombs, he finally decided to withdraw from the Haas wait list and commit to a sure thing. He was increasingly happy with McCombs as he met his future classmates and weighed the significant financial benefits of in-state tuition.
If you do apply to a range of schools, make sure each is a good fit and that your excitement, level of research and passion for the program comes through in your application regardless of whether its a safety school or not. The folks in the admissions committee have typicallybeen at it long enough and can tell when an applicant has lukewarm feelings for them and thats the surest way your safe bet will become a bust.