Jul 29, 2016 02:34 AM EDT By Staff Reporter, UniversityHerald Reporter

As with everything else in life, students need to be smart with applying for the university or college they want. Check out these business school application tips and timeline that can help bring you closer to achieving your dreams.

There are a lot of schools out there and each of them has different application deadlines that prospective students should know. According to U.S. News, applicants should understand what he or she needs to do before, during and after submitting their business school application.

Judith Hodara, who is the former acting director of MBA admissions and former senior associate director of admissions for the Wharton School at University of Pennsylvania, advised prospective MBA students to prepare for their business school application six to nine months before. They should already be working on recommendation letters, essays and other materials needed months before the deadline.

Ideally, business school applicants should take the GMAT (Graduate Management Admission Test) six weeks before applications are due. Taking the test multiple times may also help improve candidates' scores.

Prospective students are usually encouraged to take the exam more than once. Here are some business school application tips from Business Because that can help applicants with their admissions tests.

Deadline for business school applications are usually in the fall, around the beginning of October. Hodara noted that Harvard Business School may have the round one deadline as early as September.

Candidates may receive interview requests within two weeks to a month after submitting their business school application. Prospective students can get ready for the interview by reviewing their application materials.

The deadline for round two of applications is usually required by mid-January. Experts confirmed that round two candidates could be interviewed in February.

It was noted that "only exceptional candidates should apply in round three." Hodara added that this is where it gets "super selective."

Successful candidates will need to submit a deposit by the end of April. This varies on the round in which the student applied. Afterwards, students are urged to spend the summer before business school begins by connecting with their new classmates and preparing for the fall recruitment season.

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