My b-school e-group gets all abuzz with activity whenever a magazine featuring management institutes' ratings hits the stands. People question rating methods, even accuse other colleges of bribing their way into the top positions, the latest is talk of understanding how different publications rate institutes and try and score well on those paramaters. There'll be long threads of e-mail, bitching on internet fora, the works.
Question is: do these same guys then raise questions when a second magazine comes out putting our institute right at the top? No, we deserve it you see. Of course we're better than IIM, Ahmedabad!
We're all in agreement that our insti is right up there in all regards. Rankings should be incidental. Plus, with 5 different rating approaches giving diverse results, who should have any faith in the rankings anyways? Problem is that the aspiring MBAs use these as inputs for their college selection decision. So, confusion rules.
On a slightly different note, I think management college is called b-school as a shortened form of back-to-school. Seriously, school shared more similarities with MBA than with engineering (no wonder, they ain't called e-schools, jus' plain engineering colleges)!