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I don't quite agree with this. Agree that outside top 15, schools may not have global appeal, but schools like Tepper, McCombs or Emory are regional powers. There is no school in Georgia better than Emory and Atlanta is a business hub. It is the same in the case of McCombs, its a top ranked school in Texas. I have seen my friends at WP Cary finding jobs within a month of graduation with some effort, mostly because ASU is a powerful name in Arizona.
Yeah, I agree, and I have started to REALLY like McCombs, Foster and ASU. But my anxiety lies elsewhere. First off you can't be worried about things that are purely based on luck. I can't fret about getting selected in the H1B pool as I have no leverage. So the risk mitigation factor is if I do have to come back to India, will I be able to leverage the international brand name of the school to get a good job in my target industry and function. I think that's where Top 10-15 comes into the picture.