Last year I received admission to some top 75 programs for a finance phd and I received some good feedback from a couple top 10-15 programs so I reapplied. However, I will not mention any names, one top 40 programs were pretty harsh to me when I asked for feedback last year.
Because of the good feedback from the top 10-15 I worked on what they pointed out and reapplied and got into three of the top 15 programs and one of the top 40 programs, along with some others from 15-75. The treatment by the top 40 program still makes me mad, even though if I got into none ranked above I would have gone this year :D. But, when I received admission, and took them out of contention I replied to the now eager phd faculty with the same response they sent to me (editing to make sense of course). This prompted one professor to e-mail back and say, "I like your wording, I think I have seen that before. Keep your humor, the first two years of a phd are tough. Good luck." He seems to have enjoyed it at least.
Just wanted to share.