Bob, you might have to explain how I have missed the point. It seems to me that we are saying the same thing so I am not sure what you mean.I said "They do actually have more potential paying customers than they can accomodate", maybe I should have said "They do actually have more potentially suitable customers than they can accomodate"They turn away what they perceive to be the bottom X%.I was making the point that there are more good applicants than places but, while they are exclusive, they are not as exclusive as they would like outsiders to believe. I know this as I spent two years at one of these highly expensive top tier business schools.I went there for the exclusivity and the employment opportunities and, while both were good, there was a very wide range in terms of the calibre of the students.