Hey there, I would love to help you with this question! Yes, you absolutely have time to hit the 2011 deadline. If take GMAT soon,then you will have plenty of time! Your Round Two application wont be here until January—and it should only take you one month to do an application, and six weeks to do two (on average). So if you are committed to the MBA Application Process, you will be okay to apply this year for sure. I hope this helps—good luck!