Guys, don't bother yourself, seriously. Any school just a school.
Yes, it's cool, there is no doubt! But life does not end here. Go to McKinsey or Goldman, or whatever company is interesting for you, earn a lot of money, make an exit and start a startup. Whatever, there are so many opportunities around, so many ways to build your beautiful future. Look at how many people are exceptionally succesful without a degree! Did Richard Feynman or Elon Mask had MBA degree? Sakharov, Oppenheimer, anyone? Watt, Gates, Newton? Mmm? There's no reason to think that any company or institution is your only way to be a good man and have a good life.
Look at Jack Ma, guy was rejected like 5 times and now is one of the richest men on Earth. Brian Akton failed job interview with Facebook and then sold
Whatsapp back to them for billions. If he did not fail that day he would probably earn 100k nowadays, ha-ha.
Every selection is subjective by definition. Yes, school do their best to gather best candidates! But it doesn't imply that you are not worth it if you are not admitted. Imagine having 6k candidates for 400 spots. Yes, 4k can probably go away right away. And then you got 2k left and all of them work for world's best companies, have 750+ GMAT, 4.0 GPA and are super motivated.
You all are great, young and you can do anything and be anyone you want. Take care!