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miccarlo
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sam77sam7
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rhyme
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IHateTheGMAT
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I think one advantage of round 1 is if your from an overrepresented group.

In round one you might be the 10th white male finance or indian male IT app that they've read. In round 2, you might be the 1,00th, at which point they will be sick of hearing from those applicants (and running out of spots for them).