They took a massive hit in the last FT rankings, why would be interested in them now? For what I know, last rounds are tricky. I was a last round applicant. They're usually harder, as places are limited and you'd be competing against the entire waitlist. But, if applications in that round are considerably less than expected, the last round can be more lenient. Judge's recent drop in the rankings may have deterred some applicants, so I'd say it's not a bad time to apply. However, why not also consider Insead and LBS? LBS MBA can be completed in 15 months if you opt for the bare minimum.