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Can I ask you something else? Would you say that the true post-II rate for any given school is higher than what is published? The reason I say this is essentially because of waitlist withdrawals.
If someone withdraws from the waitlist, it’s because they have other acceptances. Which means that person is likely a strong contender and had a good chance to get off the waitlist. So the school has to pull someone else off a waitlist seat, perhaps someone who didn’t had any other offers.
Of course, some schools don’t touch their waitlist. So their post-II rate is as published. But I’d reckon for the ones that have extremely significant waitlist movement (Wake, for example) there is a much larger effect.
Example:
A school interviews 500 people for 100 seats. They initially give 100 acceptances, 200 WL, and 200 rejections.
On April 30, 40 accepted applicants withdraw their acceptance and 100 people withdraw their waitlist. So the school makes 40 offers to the remaining pool of 100 WL candidates.
So overall the school made 140 offers. The published rate will be 140/500 = 28%.
But technically, 100 WL’ed people withdrew (and were likely to be very strong contenders to get a waitlist offer because they had other acceptances).
So really the rate should be 140/400 = 35%
Agree with @LizzyM here, from the school's perspective the only meaningful statistic in this scenario is that it needed to make 1.4 offers for each available seat in order to fill its class. To my knowledge this ratio is about 1.5-3.0 at the large majority of allopathic schools.
Established schools take their respective ratios into account when deciding how many applicants to interview and how many initial offers to make.