LG Electronics interview questions

The position I was interviewing was for fresh graduates. There were 2 rounds of interviews. The first round was more analytical, there was written test and also a Microsoft office test where they test your knowledge and ability to work on Excel and PowerPoint. The second round of interview was a panel interview with 3 people from high management and the president of LG. The interview went really well and very basic questions were asked. After a week or two I got a call from the HR saying that I was a short listed candidate but the company decided to go ahead with the other candidate as he/she had an MBA degree whereas I only had a Bachelors. It was very dissapointing.