What are Deferred MBA Programs? Top Deferred MBA Programs 2024

Want to pursue an MBA but don’t have the required 2-3 years of work experience? If you are in the final/senior year of your undergraduate or master’s degree and are committed to pursuing an MBA, the deferred MBA program could be an excellent choice for you. So, what are deferred MBA programs?

While you are enrolled in your final year of undergraduate or graduate studies, you can still apply to business schools through deferred MBA programs. It allows you to secure a seat before accumulating the required work experience. So, you can only start the program after you have gained the minimum work experience, which is generally 2 years.

This article helps you to understand who should go for a deferred MBA program and its benefits. We also highlight some top deferred MBA programs available at leading business schools. 

Deferred MBA Programs – 5 Key Benefits 

Deferred MBA programs offer a guaranteed MBA seat two or more years prior so that you can pursue your early career years with increased confidence and risk tolerance. Apart from getting early admission to a business school, pursuing a deferred MBA program has many benefits:

1. The MBA Application process is less intimidating 
2. Allows you to focus on your career 
3. Access to B-school’s Career Services and Network
4. Flexibility on when to attend
5. Less Application Fee Cost

The MBA Application Process is less intimidating 

The MBA Application process is a bit easier because you will be in student mode when you apply for a deferred MBA program. You would be able to remember all the tips for a successful application. Moreover, you would be competing with a less competitive peer set. How? 

When you apply to a deferred MBA program, your application is compared with students at the same level as you. Generally, the candidates applying to a deferred enrollment program are college students with solid academic backgrounds. But, their resumes are not satisfactory. They are offered admission based on the prospect of the accomplishments they may achieve. However, when you apply through the traditional MBA process, you are evaluated on your:

1. Past experiences, and
2. How have your experiences shaped your career

So, in the case of pursuing a deferred MBA program, your ability to gain admission depends much more on the narrative story you tell, which is in your power to control. However, the traditional MBA admissions process requires you to dig deeper into the twists and turns of your career, which you don’t always have the power to control.

Focus on your Career 

Rather than taking stress about your MBA application, you stay focused on your career and build a professional experience. Moreover, if you get admitted to a top business school’s deferred MBA program, you get a career boost from the prestige of the B-school. For example, employers might be more willing to risk hiring you because the selection to Stanford GSB deferred MBA program signals your ability and skills. 

A deferred enrollment enables you to build expertise, enhance your knowledge and skills, and expand your perspective. Moreover, you get to explore industries before earning your MBA. 

Access to B-school’s Career Services and Network 

You will have access school’s career services and support, which will help you maximize your chances of getting a job. Moreover, you will most likely gain immediate access to the school’s alums, students, and faculty network. So, you will be able to build a more comprehensive network than students who came in through the normal MBA admissions process. This will help you start your MBA on the right foot and offer you professional opportunities before going to B-school.  

For example, HBS has many networking events and tools available to all its 2+2 students. HBS student clubs hold career-related events where students can network with more than 40,000 HBS alums to help them explore career opportunities. 

Flexibility on when to attend 

Most top deferred MBA programs offer the flexibility to attend business school when you feel it’s the best time for your career. For instance, HBS 2+2 program requires you to have at least 2 years of work experience. You can come back after 2, 3, or even 4 years. Similarly, Stanford GSB deferred program allows you to take one to four years to gain professional experience before you embark on your MBA journey. 

Lesser Application Fee

Compared to the application fee that a traditional applicant pays, the deferred MBA application fee is less. For instance, if you are eligible for Stanford GSB, you will pay a reduced application fee of $100, compared to $275, for traditional applicants. 

Eligibility Criteria for Deferred MBA Programs 

Students in their last year of undergraduate or recent graduates are eligible to apply for a deferred MBA program. One of the major criteria for applying is that you must be an early career professional with no or little full-time job experience. For instance, at HBS 2+2 program, you can apply if you are a master’s student and have not held a full-time work position (other than internships or co-ops). 

Candidates applying to deferred MBA programs have a specific professional path. They are keen on pursuing an MBA and understand how it can help them reach their objectives. A deferred MBA candidate has a strong academic record and can demonstrate leadership potential. Since the prospective students won’t have much work experience, they need to have achievements to set them apart. For example, talk about competitions you have won during your undergraduate program. If you participated in some Olympiad or have your startup, mention that in your application. 

So, remember that deferred MBA programs are primarily geared at high-potential individuals that business schools want to capture early. Thus, ensure your application reflects your intelligence, maturity, passion, and leadership.  

Top Deferred MBA Programs in the US and India 

Some top business schools grant pre-admissions to students for their MBA program, usually two years in advance. Also, you get the advantage of securing a seat in the future class of their flagship MBA program before you can accumulate work experience. 

In this section, we look into the deferred MBA programs offered at top business schools. Here is a list of the 10 best business schools that provide deferred MBA programs:

1. Chicago Booth Scholars Program
2. Wharton MBA – Moelis Advance Access Program
3. Kellogg Future Leaders
4. Stanford GSB Deferred Admissions 
5. HBS 2+2
6. MIT Sloan MBA Early Admissions 
7. Yale SOM Silver Scholars 
8. Columbia Business School Deferred Enrollment 
9. Berkeley Haas Accelerated Access 
10. Darden Future year admissions
11. Goizueta MBA Early Admission
12. ISB Young Leaders Programme (YLP)

Let’s look into the top 12 Deferred MBA Programs in detail below.

Chicago Booth Scholars Program 

Chicago Booth Scholars program allows you to join Booth’s full-time or part-time MBA program in the final year of your undergraduate studies. Once you get admission, you can defer for 2-5 years while you gain work experience. Moreover, you are automatically considered for a merit-based scholarship, leadership awards, and other funding support. As an added advantage, the $250 application fee is waived. 

Eligibility Criteria 

Chicago Booth Scholars program looks for candidates who demonstrate curiosity, personal maturity, leadership, and a good track record of part-time jobs, internships, and entrepreneurial spirit. The following candidates are eligible to apply:

• The following students are eligible to apply to the Chicago Booth Scholars Program:
  • Candidates in their final year of a bachelor’s degree program
  • Candidates in their final year of a joint bachelor’s/master’s degree program
  • Candidates who have transitioned directly from their undergraduate program to a Master’s degree program.
  • To be considered for admission to the Chicago Booth Scholars 2024 cycle, you must be graduating from your program between October 1, 2023 and September 30, 2024.
  • Students who plan to participate in a Marshall, Fulbright, or Rhodes Scholarship are also eligible to apply.
• All international applicants are required to be in their final year of a college or university degree program equivalent to a four-year American baccalaureate degree. In light of the Bologna Accord, Chicago Booth will also consider students in a three-year international degree program to fulfill the academic prerequisites for admission. You will be asked to provide a scanned transcript at the time of application and your official academic records if you are admitted.
• A degree certificate will be required if “degree awarded” and “date of degree conferral” is not listed on the transcript.
• Chicago Booth will require official transcripts of all admitted students.

Application Deadline 

Here is the application deadline for the Chicago Booth Scholars program:

All Booth Scholars are required to pay a nonrefundable deposit of $600 every year until matriculation.

Wharton Moelis Advance Access Program

The deferred MBA program at Wharton is known as the Moelis Advance Access Program. The program was established in 2017 by Ken Moelis and Julie Taffet Moelis. It offers undergraduate and full-time master’s students in their final year a guaranteed seat to the Wharton MBA after pursuing 2-4 years of quality work experience. The application fee is also reduced when you apply to Wharton’s deferred MBA program. 

Eligibility Criteria

The Moles Advance Access Program seeks innovative, intellectually curious students ready to take professional risks while impacting the world. The following students are eligible to apply:

• Undergraduate students in their final year or if they are graduating early.
  • If you graduate between 1st October and 31st December, you must apply during the Moelis Round in spring.
  • If you are graduating between 1st January and 30th September, you must apply during the Moelis Round of your graduation year.
• Master’s students in their final year of study. However, you should not have a full-time job between your undergraduate and master’s degree programs.

Application Deadline

Here is the application deadline for the Moelis Advance Access Program:

The students who want to enroll in the program must pay a $1000 admission deposit on or before the deposit deadline—an additional $1000 is due the year you enroll. 

Kellogg Future Leaders

After getting accepted at the Kellogg Future Leaders, your spot in the Kellogg MBA program is secure for 2-5 years while you gain experience in the professional world. You will also have access to Kellogg’s resources and support from a dedicated admissions officer. There is no application fee. However, you need to pay an admission deposit of $500 for every year of deferment. 

Eligibility Criteria

The following students are eligible to apply:

• Students who graduate between October 2023 and September 2024 can apply this year.
• Undergraduates in the last year of school, majoring in any discipline.
• Master’s students who went directly into a graduate program from undergrad.
• Domestic and international students.

Application Deadlines

Application deadline: April 24, 2024
Decision released: June 26, 2024

Stanford GSB – Deferred Enrollment

Stanford GSB deferred enrolment offers you one to four years to gain professional experience and then embark on your MBA journey. The maximum time to start pursuing your MBA is four years. Based on the business school’s assessment of your application, they may offer a deferral for a different period than you requested. So, tell the admissions committee how you will use your deferral period productively. A reduced application fee of $100 is payable. 

Eligibility Criteria

The mission of Stanford GSB is to develop insightful, principled, and innovative leaders. They want to learn how you think, lead, and see the world in your application. The following students are eligible to apply:

• You are a college senior.
  • You are in your final year of a bachelor’s degree or a joint bachelor/graduate program, and your degree will be conferred between October 1, 2023, and September 30, 2024.
• You are in a graduate program.
  • You began a master’s degree, PhD, law, or medical degree in the academic year immediately following an undergraduate or undergraduate/graduate program.
  • You did not work full-time (other than internships or co-ops) before starting the graduate program.
  • Your degree will be conferred between October 1, 2023, and September 30, 2024.

Application Deadline

Here is the 2024 application deadline for Stanford GSB deferred enrolment:

HBS 2+2 

The HBS 2+2 program consists of at least two years of professional work experience and two years in the regular HBS MBA Program. If you are enrolled in the HBS 2+2 program, you have four years to start your MBA journey. There is a non-refundable application fee of $100. 

Eligibility Criteria

If you are in your final year of study, you are eligible to apply in the current application cycle (deadline is April 25, 2024). You must graduate from your program between October 1, 2023 and September 30, 2024.

Bachelor’s Degree Programs

Undergraduates in their final year of study are eligible to apply.

Joint Bachelor / Master’s Degree Programs

Candidates in joint bachelor/master’s degree programs are eligible to apply.

Master’s Degree Programs

Candidates from master’s degree programs who have not held a full-time work position (other than internships or co-ops) are eligible to apply. To be eligible for the 2+2 program, candidates need to have gone directly from undergraduate to graduate school.

PhD Programs, Law School & Medical School

Students enrolled in PhD programs, law school, or medical school are not eligible for the 2+2 program; instead these students should apply through the regular admissions process.

Application Deadline

Here is the decline of the HBS 2+2 program:

Once you get admitted to the program and want to confirm your enrolment in the future MBA class, you need to pay a non-refundable $1,000 tuition deposit. You need to also withdraw applications from all other MBA programs. In many cases, HBS allows you to defer for three or four years based on prior approval. 

MIT Sloan Early Admissions

The MIT Sloan Early Admission program offers a unique opportunity for driven individuals worldwide to secure a place in a future MBA class at MIT Sloan. By applying early, candidates can embark on their professional journey, gaining invaluable work experience for two to five years before commencing their MBA program at MIT.

Steps to Success

1. Apply Now, Secure Your Spot: Initiate your application process to reserve a place in an upcoming MBA class at MIT Sloan.
2. Gain Valuable Work Experience: Spend two to five years in the workforce, accumulating invaluable professional skills and insights.
3. Start Your MBA Journey Prepared: Armed with practical experience, commence your MBA program at MIT Sloan, ready to maximize your educational experience.

Eligibility Criteria

• Undergraduate Students:
  • Currently in their final year of undergraduate studies
  • Expected to graduate between August 2023 and September 2024
  • Not intending to enroll in an MD, JD, or PhD program immediately after undergraduate studies
  • Lack of prior full-time work experience, excluding internships or co-op experiences
• Graduate Students:
  • Currently in their final year of a graduate program
  • Expected to graduate between August 2023 and September 2024
  • Initiated graduate studies immediately after obtaining undergraduate degree
  • Lack of prior full-time work experience, excluding internships or co-op experiences
  • Alternatively, currently enrolled in the final semester of either the MIT Sloan MFin or MBAn program

Application Deadlines for 2024 Entry

• Application Deadline: April 19, 2024
• Decision Released: June 13, 2024
• All applications must be submitted by 3:00 p.m. EST on the deadline date, including recommendation letters. Official decisions will be communicated via the online application platform by the end of the decision release day for confidentiality purposes.

Yale Silver Scholars

The Yale Silver Scholars Program presents a distinctive opportunity for motivated college seniors to embark on an accelerated career trajectory across various industries by pursuing a Yale MBA immediately after graduation.

Eligibility Criteria

• College Seniors: Candidates whose degrees will be conferred between August 1, 2023, and July 31, 2024, are eligible to apply. Graduating early or engaging in part-time/full-time work, internships, or other academic/professional pursuits prior to enrollment in the Silver Scholars Program does not impact eligibility.
• Graduate Students: Individuals in one- or two-year graduate programs immediately following their undergraduate degree, without substantial full-time work experience between programs, are eligible. Full-time work for a significant duration before, during, or after graduate studies disqualifies applicants. This criterion applies to both residential and online graduate programs.
• Special Categories:
  • Recent Graduates: Candidates completing undergraduate or graduate studies during the 2022-23 academic year may petition for consideration, explaining in detail their interest and how the program structure benefits them. Final determination lies with the admissions committee.
  • US Military Service: College seniors with over two years of full-time US military service before or during their college experience should apply as traditional MBA students, not Silver Scholars.
  • International Military Service: Candidates with short-term international military service (up to two years) during or before college remain eligible.
  • International Students: Undergraduates completing three-year equivalent bachelor’s degrees can apply in their final year.
  • Integrated Bachelor’s/Master’s Programs: Those in integrated 4- or 5-year programs earning both degrees are eligible in their final year.
  • Gap Years During College: Candidates with significant work, volunteer, internship, fellowship, or entrepreneurial experiences during college are considered.
  • Medical Students: Most MD students or graduates are not considered for the Silver Scholars Program; exceptions may apply based on individual circumstances.
  • Joint-Degree Candidates: Silver Scholar applicants can pursue joint-degree programs across Yale except for the two-year accelerated program with the Yale School of Public Health.

Application Deadlines

• Candidates meeting Silver Scholars criteria can apply in any round of the 2023-2024 application cycle:
  • Round 1: September 12, 2023
  • Round 2: January 4, 2024
  • Round 3: April 9, 2024
  • Graduation date alignment with application round deadlines is not required.

Columbia Deferred Enrolment

The Columbia Business School Deferred Enrollment Program provides undergraduates with the opportunity to gain valuable work experience before joining Columbia’s esteemed MBA program. This program offers the flexibility to commence the full-time MBA program two to five years after completing undergraduate studies.

Eligibility Criteria

• Bachelor’s Degree Graduates: Students graduating during the current academic year from a bachelor’s degree program are eligible. For example, those graduating between September 1, 2023, and August 31, 2024, can apply for the 2024 Deferred Enrollment Program admissions cycle.
• Graduate Degree Candidates: Candidates completing a graduate degree program directly after their undergraduate degree are eligible for the Deferred Enrollment Program.
• Ineligible Programs: Students enrolled in Ph.D. programs, law school, or medical school are not eligible and should apply through the standard MBA or EMBA application process.

Fees and Deposits

• Application Fee: No application fee is required for current undergraduate or eligible graduate-level students.
• Deposit: Admitted students must submit a non-refundable $500 deposit by 11:59 pm EDT on August 1, 2024. Subsequent deferral continuation fees are due annually during the deferral period. Upon matriculation, applicants must verify their work experience during the deferral period and submit deposits for their entry-point.

Important Dates

• Application Period: The Deferred Enrollment application opens in November 2023 and closes on April 15, 2024, at 11:59 PM EDT.
• Review Process: Completed applications commence the review process after April 15, 2024.
• Interview Invitations: Invitations for interviews will be sent on or before May 15, 2024.
• Decision Release: Final decisions are released on a rolling basis and within two weeks of conducting the interview. A $500 deposit is due by 11:59 pm EDT on August 1, 2024.

Berkeley Haas Accelerated Access

The Berkeley Haas Accelerated Access Program offers undergraduates an opportunity to secure conditional admission to the prestigious full-time MBA program at Berkeley Haas while still in their final year of study. This program allows candidates to begin their MBA journey after a deferment period of two to five years, during which they gain valuable professional experience.

Eligibility Criteria

• Undergraduate Students: Final-year undergraduates with a graduation date between July 1, 2023, and September 30, 2024, are eligible to apply.
• Graduate Students: Individuals without full-time employment who enrolled in a graduate program immediately after completing their undergraduate studies, with a graduation date between July 1, 2023, and September 30, 2024, are eligible for Accelerated Access.
• Diverse Backgrounds Encouraged: Berkeley Haas encourages students from diverse backgrounds and academic disciplines to apply. The admissions team adopts a holistic approach to application review, considering all aspects of a candidate’s character, qualifications, and experiences.

2024 Application Deadline

• Deadline: April 25, 2024
• Decision Release: June 20, 2024

Applicants should ensure all materials are submitted by the deadline. The admissions committee aims to provide decisions by June 20, 2024, allowing candidates ample time to plan accordingly.

Darden Future Years

Darden’s Future Year Scholars Program extends an invitation to exceptional college students to become part of a Top 10 business school even before gaining professional work experience. Admitted scholars have the flexibility to commence their MBA journey after accumulating two to five years of valuable work experience.

Timeline

1. Secure Your Spot for the Future: Apply during the final year of your undergraduate program. Full-time master’s students without prior full-time work experience are also eligible to apply.
2. Tap into the Network Today: Admitted scholars have numerous opportunities to expand their network through engagement with the Darden community, mentorship programs, and individualized career support.
3. Gain Professional Experience: Opt to work for two to five years, acquiring practical insights into the workplace and laying the groundwork for a fulfilling MBA experience.
4. Begin at Darden: Commence the MBA program equipped with newfound expertise and perspective. All scholars are considered for scholarships upon admission and may receive additional awards upon matriculation.

Application Deadlines

• Round 1:
  • Application Deadline: April 8, 2024
  • Interviews: By Invitation
  • Decision Release: June 13, 2024
• Round 2:
  • Application Deadline: August 1, 2024
  • Interviews: By Invitation
  • Decision Release: September 11, 2024

There is no strategic advantage to applying in one round over the other; applicants are encouraged to apply when ready to submit their best application.

Eligibility Criteria

To qualify for the Future Year Scholars Program, candidates must meet the following criteria:

• Graduating from an undergraduate program between October 1, 2023, and September 30, 2024.
• Completing a full-time master’s degree within the same timeframe, without prior full-time professional experience.
• Admitted students are required to accumulate two to five full years of professional work experience before matriculating into the Darden MBA program.

Goizueta MBA Early Admission

The Goizueta MBA Early Admission program offers promising undergraduate students across all disciplines the opportunity to secure a place in a future Master’s in Business Administration class at Goizueta. Whether you are certain about pursuing an MBA or still exploring career paths, this program grants you early access to a top-tier MBA program before embarking on your professional journey.

Timeline

Apply During Senior Year

• Submit Your Application: During your senior year of undergraduate study, apply to Goizueta’s Early Admit MBA program. Undergraduate students graduating in 2024 must submit their application by the Round 1 deadline on April 10, 2024, or for the Round 2 deadline on June 5, 2024.

Gain Work Experience

• Defer MBA Enrollment: Your MBA program enrollment will be deferred while you enter the workforce and accumulate 2-5 years of valuable work experience after completing your undergraduate degree.

Access Goizueta Resources

• Utilize Resources: Although not yet enrolled, you’ll have access to Goizueta’s resources. Schedule an annual consultation with the MBA Admissions office to discuss professional growth and the appropriate timing for MBA studies. Engage with our MBA Career Management Center to map out your career path.

Start Your MBA

• Leverage Workplace Insights: Utilize the insights and experiences gained in the workplace to enrich your MBA journey. Choose the MBA program that aligns best with your goals and circumstances – whether it’s our One-Year MBA, Two-Year MBA, or Evening MBA.

Eligibility Criteria

• Tailored for College Seniors: The Goizueta MBA Early Admission program is designed for current college seniors. Applicants secure their spot in the MBA program while gaining valuable work experience over the subsequent 2-5 years.

Application Deadlines

• Deadline for 2024 Graduates: Seniors graduating in 2024 must submit their Goizueta MBA Early Admission application by the Round 1 deadline on April 10, 2024, or for the Round 2 deadline on June 5, 2024.

ISB YLP (Young Leaders Programme)

The ISB Young Leaders Programme (YLP) serves as a foundational platform empowering high-potential college students to secure admission to the Post Graduate Programme in Management (PGP) at ISB. YLP and PGP applications undergo rigorous assessment, focusing on criteria such as personality and worldview, alongside academic excellence. Participation in YLP provides invaluable insights into management education, preparing candidates for the intensive MBA journey ahead.

Application Fee: ₹ 3000

Eligibility Criteria

• Academic Standing: Applicants must be in the pre-final or final year of their undergraduate or postgraduate education to apply for YLP.

Timeline

1. Apply: Submit your application to YLP during the prefinal or final year of your undergraduate/postgraduate degree program.
2. Gain Work Experience: Upon acceptance into YLP, complete 20 months of mandatory work experience.
3. Attend Learning Weekends: Engage in learning weekends to interact with PGP students, esteemed faculty, and industry leaders.
4. Attend the PGP: Once the deferment period concludes and work experience requirements are fulfilled, commence the PGP journey.

Application Deadlines

• Stage 1: March 31, 2024
• Stage 2: August 31, 2024

Top Deferred MBA Programs – FAQS