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mbarealestate
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losttraveler
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backliteyes
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rgupta83
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This might be school specific. So Fuqua actually has a process, and apparently this is really good for your app if you get one. Not sure about any of the other schools.
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riverripper
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Can't hurt but I wouldn't imagine it would have a huge impact. A lot of people don't know current students or if they do, they don't know someone at every school. A school wont punish you by not having one, but if it is a tie breaker on your acceptance or not, it may help.