Ask an MBA Admissions Consultant

Hey There,

I've been doing a lot of research, and think I have narrowed down the list of schools I want to apply to. I was planning on doing them all for R1, but it might be a little too heavy of a load.

My question is, how long can you wait one a school offers you admission? For example, let's say my fourth choice school offers me admission in R1, but I just submitted an application to my top school in R2, and want to wait and hear the result.

Is it possible to simply just wait a couple extra months to accept or decline admission from a school? Will there be any drawbacks, such as non-refundable deposits?

As a little extra info, I will not be doing any R3 applications - just R1 and R2. I'm interested to hear how this process works, and see how I should split up my R1 and R2 applications.