I hope the following information helps. While the waitlist may imply additional pain, it is usually an opportunity to further market yourself to the admissions team.
If additional materials are encouraged, you may wonder what is appropriate to send. Every situation is unique, but the following is a list of things to consider:
1) Is your GMAT score below the MBA program’s mean? If so, consider retaking the GMAT test.
2) Did you make any contacts within the admissions committee? If so, then now would be the right time to reach out to these people and ask how you can improve your candidacy.
3) Reiterate your interest in the MBA program and commitment to the business school through written communication.
4) Do you have someone who could write a recommendation for you to provide a new perspective on your abilities and personality?
5) If you have any differences to report related to personal or experiences, write a letter outlining these changes.
6) If you have not yet interviewed or the MBA program and an interview is offered, make sure to take the opportunity!
I hope this was of help Futurestrategist. Please let me know if there are any other questions I can answer.
Conrad and the Stacy Blackman
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MBA blogger, US News and Author, The MBA Application Roadmap