Round 1 is the best but round 3 has a couple of benefits too - especially this year!
Schools might have spaces (due to covid or other reasons). Several top programs will still be looking for top candidates, especially if many r1 or r2 candidates rejected or deferred their acceptance offers. So, the chances of getting into a school in Round 3 this year will be higher than any other year.
Even if your r3 application isn’t perfect, it can get you ready to apply next year. The work you do this season will actually help you develop stronger applications next season if reapplication is necessary.
For more reasons and tips for applying in round 3, please visit:
https://www.aringo.com/top-mba-last-rou ... od-chance/