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Honestly, CBS has only had rounds for two admissions cycles and they haven't quite figured it out. In their first year they accepted too many folks in R1.
Apply when you are both the strongest applicant (e.g. test score, work experience, leadership profile) and can submit the strongest possible application (solid research on CBS resources, compelling narrative that connects the dots from where you are now, through CBS to your post-MBA goals).
Short answer is yes all things equal but you shouldn’t compromise your application strength for the sake of submitting earlier