Hi there,
It sounds like you are trying to assess and compare the 2 schools, right?
Here are the things you can do to better assess...
-obviously lots of online research and reading and comparing of programs (curriculum; class size; class profile; school/university stats and setting; etc)
-employment statistics at both schools!!
-talk to/get in touch with current students/alum at either school for direct feedback
-you can check out US NEws & World Report rankings for more stats and feedback, as well as Businessweek.com b-school profiles
-visiting is always great though I know not always possible
In terms of wait list strategy if you decide to still try for Babson, we have a series of helpful blog posts about tips, starting with this one for example:
https://www.mbamission.com/blog/2014/12/ ... -part-1-4/.
And you can always sign up for one of our free 30 minute consults at
www.mbamission.com/consult for more help. Good luck!