B-School application rounds
I've heard of people applying to their dream school in later rounds....am I missing something or does this seem to be a very risky move?
I understand that the first round is more competitive and I know the later rounds have less quality applicants but they also have LESS spots.
What is the rationale for applying in later rounds? I would like to hear the opinions of current and prospective MBAs since I will be applying to b-school in a few years.