NonYankee wrote:
I plan to apply in R1 or R2. Is there a compelling reason to do R1 over R2? Does R1 increase an applicant's chances of getting financial aid?
You have an equal chance of receiving aid in both R1 and R2. I think the biggest benefit to R1 at Booth is getting it done sooner. In terms of competitiveness I look at the rounds like this:
1) R1 - fewer applicants and all of the seats in the class are open. However, R1 applicants tend to be very strong as a whole.
2) R2 - most applicants in this round, many seats still left in the class. More applicants may dilute the quality of the pool so you may not be up against every superstar who ever walked the planet
3) R3 - fewest applicants, but the class is nearly full. Adcoms looking for rockstars and needed diversity (industry, function, ethnicity, career goals, etc.) to round out the class. Chances for financial aid greatly diminish.