waitlisted to northwestern, what does this mean for other top-tier schools? I am really scared

Colleges & Universities Northwestern University
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Let us also remember that:

  1. The Ross School of Business at U.Michigan is itself considered elite. So is Cal’s Haas School, and UVa’s Darden. Fully seven of the top 20 Businessweek MBA programs are at public universities.

  2. Only about 40% of Fortune 500 CEOs have an MBA. It is not necessary for success in business. In fact, it remains a point of controversy whether an MBA is worth the financial cost (personally I think it is, but it is not a settled matter).