the answer to your question depends entirely on what you want to do post-MBA. What are you looking for? If you want a sexy job at a fortune 50 company, you'd be better off raising your sights and your scores and going to a better ranked school. Having said that, you can actually get a great MBA education from just about any accredited program, so if you are just looking for the knowledge and take-aways to use on your own, for example as an entrepreneur, you can save a lot of money and go to a third tier school. My rule of thumb, however, is that you always go to as good a school as you possibly can, since the school you attend is with you for life, and your generation statistically has several job transitions along the way.
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