johnnyx9
Oh, yeah I guess you're right, it would seriously suck to wait a year and have it not pay off. The volatility or randomness at top schools does make it a serious gamble.
I generally agree. You can bet on a cluster (eg: Ultra Elite or bust) and it will work out if you are realistic about your expectations. But if you really want to go to B-school, then turning down Kellogg to re-apply to HBS may end badly.
If you want to extend the sample to H/S/W then it may make more sense, although I would not want to wait a year for Wharton over Kellogg. And H and S are still too selective to predict.
I'm sure there are lots of people who get into Stanford and not into Harvard or viceversa. Would you say they don't have what it takes to get into both? Naw, I would conclude that there is so much you don´t control in highly selective schools such as these that you can't predict an outcome based on your qualifications.
Cheers. L.