MBA round one and early results are out and some of you may be celebrating with exciting news, while some of you may be dealing with rejection from the business school that was at the top of your list. For those of you who have been placed on the business school’s waitlist, it’s unsettling and disappointing because there is no clear decision, but keep in mind that being placed on the waitlist isn’t a rejection; rather the admissions committee has decided to continue evaluating your application. While there is no guarantee you will be taken off the waitlist, you should use this time wisely in the event the waitlist opens up. Since being in limbo can be confusing, here are tips five for what you should do: