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yes...business school rankings are flawed and are actually based on the research caliber. there is very little student input and it's mostly peer (faculty) review.
for something like business...which is touted as the easiest major (excluding accounting) what really matters is GPA. so go where you think you will succeed. dont go to UT just b/c you want a higher ranked education.
it's like this...just because students are pre-med at cornell it doesnt mean that they will get into med school versus students from lesser ranked institutions.
if you are interested in MBA what will matter is work experience + GMAT. if you're going for a JD(law) then what matters is GPA + LSAT! a student at UT doesnt have a distinct advantage over someone from TAMU unless their GPA/scores differ! and you study for these grad school tests...you just dont do well by going to a better school.
i'd follow the money (if any) at this point.
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