Most of the business schools have more than one application round deadline and therefore the applicant has the option of applying to any one of the rounds. The disadvantage behind applying to subsequent rounds (other than round 1) is that there would be fewer seats available. However, most business schools advise students to apply when they have a complete and well-prepared application.
Most business schools say that there is no ideal time for applying. However, the earlier you start your preparations, the better.
Most top schools receive up to 5000 applications a year for about 500 places in the program, and these start getting filled up as the deadlines come up. So effectively, by the time the last deadline arrives, there are only about 80-100 places left, for which you would be competing with over a 1000 applicants.
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