Hi
sidsharma1989,
it is always recommended to apply as early as possible, especially if you come from an over-represented background. That being said, Round 1 and Round 2 are very similar in terms of chances of admission.
If you don't foresee any improvements in your profile from now until the Round 1 deadline (March 11th, 2020), and you'd be basically submitting the same application as you would now (same GMAT score, resume, essays, LoRs, ...), and if you don't have a strong preference for the January intake over the September intake (e.g. because of the summer internship), it would probably make sense to apply now by Round 2.
For a more accurate assessment, feel free to share more about your background either here, or via PM or email (
[email protected]).
I hope this helps.
Thank you very much.
Warm regards
Alex