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Originally Posted by zensheep
Or should I apply to one and then wait it out and if that doesn't work out, reapply to another?
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NO NO NO NO!
Under no circumstances should you wait this out. Job hunting is a lot harder than you think. You can't just apply at one place and wait for that job to come back to you before applying somewhere else. I've made and am still making most job hunting mistakes, but this is one that I'm positive about. Employers know and expect that their offers will not always be the best offers and some jobs will be turned down. Just be polite about it.