If one really thinks U of Chicago as an undergrad is among
the top 5 in the US, that person is living in a dream world
no matter what a ranking says (ignoring blatantly the very
fact that there are more than five ties).
What happened to H/Y/P/Stanford/Caltech/MIT/Columbia/
Upenn? (not necessarily in this order)
I already count 8. And there are also Brown, Cornell and
Dartmouth. Plus there are Berkeley, Michigan, and small
ivies, Cooper Union and many others many people would
favor over U of Chicago. If you ask your friends about
Berkeley, albeit ranked low for its undergrad and MBA,
I'm sure they know (rightfully so IMO).
Rankings can be deceiving in that it doesn't
measure selectivity only but faculty research in terms of
# of publications they produce no matter what quality,
library size, etc. I don't believe they measure reputation
or tradition or # of prominent alumni and other "soft"
advantages (because there is no quantitative measure
of these things, despite that a lot of people recognize
immediately).
Perception is reality. U of Chicago maxed out in its
current ranking for its mba program for sure (current
students should know it and those with a good head on
their shoulder can predict that) and will undoubtedly
fall from its current status sooner than later. No way
in hell it deserves to be #3 or 4 or 1 in the world albeit
its economics being very influential. Its research is
ass-kicking in many areas but it's only a matter of time
the rankings reflect its decline (I bet ya, a lot of Booth
or U of Chicago alumni, fans, admits, applicants, students
etc will attempt to say otherwise and take this as an offence).
It's unbelievable how Columbia is ranked so low while
with all due respect really it should be above Chicago
or Kellogg.
Take the rankings with a grain of salt. (But I'm surprised
your friends know Kellogg but not U of Chicago. If they
haven't heard of Booth, Kellogg must just be a cereal
to them, which indeed is the case for the majority of
people).
Having said that though, Duke is not "hotter" than
Chicago. I'd choose Chicago Booth over Duke. Both are
coming down no matter what. Only a matter of time.
P.S. I never applied to Booth or Kellogg. I'm not at all
affiliated with Columbia (except that my aunt studied
at Columbia more than 30 years ago). However, I
do have mad respect to Booth ph.d. Ph.d's are a
completely different story.
Posted from my mobile device