Don't think anyone will be able to give you really clear responses to your questions, but I'll give it a whirl. FWIW, I'm an Indian male reapplicant as well and was on the waitlist of a different school last year for 6 months. I did get into a couple of schools in R1 this year, Tuck included.
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1. Typically, how good are the prospects of a wait list being converted at Tuck (Please emphasize on my India Male re applicant candidature). Although Tuck is a top school, it still is a safety school for some very serious candidates. Guessing a lot of admits declining their offer. Might also depend on the number of wait list candidates(Any number here ? Tuck cites around 100)
1) I don't think you'll find any clear information about this anywhere. It will depend every year, but this link by MBA Data Guru should give you some insight. Please note that the conclusions might be flawed because its completely dependent on self-reported data.
https://www.mbadataguru.com/blog/mba/mba ... 2019-data/Quote:
2. When will Tuck announce their final decision ? Is it when R1 admits decline their offer, or do they pool in all the wait listed candidates after R2 (both R1 and R2), and then come with the final decision ?
2) Based on previous years, looks like it could be any time. Typically best times to look out are during R2 decisions and during deposit deadlines. It could also only happen after R3. I don't agree that a lot of people decline their offer, Tuck really tries to make sure that the people they admit really want to be there. Their yield is around 50% and has held pretty steady. Also, people pick Tuck over M7 schools regularly because of its culture. Anecdotally, I know someone who was waitlisted at Tuck in EA and didn't make it in at all.
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3. What are some good measures, apart from higher GMAT score / promotion, to highlight an improved candidacy ? Visiting Tuck in person would be difficult for me, but would that significantly help ?
3) I did some coursework while I was on the waitlist and I wrote a letter of interest aside in addition to the measures you mentioned. It still wasn't enough to get me off the waitlist despite a pretty major improvement of my GMAT score. I did visit the campus this year to interview and I think it was the best decision I made. However, I'm fairly certain they don't expect you to do it from India. The cost is pretty significant and there is no guarantee it will move the needle or make any difference to your waitlist decision. You might be better off spending that time and effort on your R2 apps, but its your call.
This is just based on my experience as a reapplicant to Tuck and as someone who's been on the waitlist, I'm absolutely not an expert. Take everything I've said with a grain of salt and maybe speak to students at Tuck to get a better idea.