Hi,

I've been accepted to several MBA programs and waitlisted to others. The schools in which I've been accepted have sent me letters of intent that I need to sign and sent back (before a deadline) with a deposit to hold a place. Being an international applicant I am not very used to the acceptance process.

Are these letters actually a contractual engagement that I will indeed and have to go to the schools if I sign them? Basically I would like to buy some time for the schools for which I am waitlisted before making my final decision but I also don't want to blow an acceptance for another program on which I am waitlisted and in which I might not be accepted.

Would it be ok to send back the letter of intent and then decide not go to the school later (having been admitted to another one during the process)? Could someone clarify or give some advice on how to handle this kind of situation?

Thanks

Usually the letters are non-binding. But, the deposit you have to send in by the deadline, to hold your place, is non-refundable. It you are ok with losing the money, you can go ahead and do it.

I had the same situation fro undergrad - out of the schools that I was accepted to, I was really torn between two of them, so I sent in the deposit to both, and figured things out by the beginning of the summer.

I am almost positive that the letters of intent are non-binding, but the deposit is definitely required.

Where is the best place in NYC to take calc over the summer if you are going to enter a full-time MBA program in the fall? Please be a specific as possible in terms of school, division, etc.

Thanks.

Are you doing this to prepare for MBA classes? (I'm a Columbia admit) Do you really think we will need calculus? I haven't taken a math course since high school.. and it was pre-calc!

I would think you would need stats and financial accounting basics more, no?

That is probably true, but basic calculus could be helpful in economics and stats. I know that Fuqua has an admission req of first year calculus. They do admit students without it, but you must complete a calculus course prior to orientation to matriculate. Other programs may be similar.

Comments: 0 Stars: 0


...when you're busy making other plans. John Lennon, I think.

In between my latest fascination for poker & Daniel Negreanu, you may have noticed I've been job interviewing. I graduated in late December, I received my work papers last week, so on paper I could have been working as from a week a go. I'm not exactly the kind of person you often encounter in business school - I'm not an engineer moving into management. I'm not an accountant moving into finance. I'm not an investment banker moving into hedge funds. I am not a number, I am a free man!! (this is a line from the movie 'the prisoner', only joking!) No, I've done enough profiling, Briggs-Myers & the like to understand myself pretty well. They say if you can understand and master yourself your half-way to understanding and mastering anything else - there could be truth in that. So I studied a lot of subjects in my MBA, kind of like my life experience, I liked a lot of it, and disliked intensely a little.

So I know that:
1) I'm a motivator
2) Extrovert
3) About equal good maths/logic skills
4) Persuasive/ Confident
5) A strong intuitive entrepreneurial intelligence
6) High EQ
7) Very good language ability - manifests in writing (I like Writing, Duh!), learning languages, being articulate
8) I'm also a pretty nice guy - I'm decent & not a bully

I found accounting really tough - I persevered and got a 'B' & I'm confident in a solid understanding of it now - Yes I can read a balance sheet and an income statement & a statement of cash flows & a statement of retained earnings. I get lifo/ Fifo though I still don't know for the life of me why they don't just stick to one system. Like Property law, which I studied (but never got my head around like I finally did with accounting) at LSE, it's full of rules, rules, rules...don't even ask why some of them are there. Some people just love to follow protocol (for it's own sake?)...