For MBAs, Waiting Is the Hardest Part

The waiting list of an MBA program is never a fun place to be, but this year's candidates have had more reason to hope than most. With the economy in crisis and the credit markets on life support, many thought that this year's accepted MBAs would turn down their offers, choosing to cling to their jobs rather than fork over $150,000 in tuition. This prospect, that admits would stay home and make space in the classroom, represented the last best hope for wait-listed students and fourth-round applicants looking for a break from this year's unusually fierce competition. According to data released by top schools in recent weeks, however, those students could be in for a big disappointment.

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