I think that when they say that R1 was more competitive this year, it is meant for the bunch of finance, bankers and consultants who were waitlisted or dinged in R1. I am not exactly sure how many pages back into this thread it is, but there is some info, links to articles, etc etc about this occurrence. So I mostly think that it was "more" competitive for people from these backgrounds than for people from other backgrounds, but overall, thats just a statistic and the process itself is as competitive as it has always been.