Business schools have two basic types of admissions policies: rolling admissions and round admissions.
Rolling Admissions
Business schools that use rolling admissions accept applications between two set dates. Applications are reviewed as they are received and program spots are filled on a continual basis.
When you apply to school that has rolling admissions, it is always better to submit your application as soon as possible. Read more about rolling admissions strategy.
Round Admissions
Business schools that use round admissions typically accept applications in multiple rounds. Most have between two and three rounds, though it is not unusual for a business school to have as many as five rounds.
The main difference between round admissions and rolling admissions is that there is more than one deadline with round admissions. Applicants who are working with round admissions can usually choose to submit their application in the fall, winter or spring.
In most cases, it is better to submit an application early in the first round. However, there are exceptions to this rule. If your application isn't as polished as it could be, waiting until the second round to submit may be best.
Read more about round admissions strategy.

