Good point- I suppose I was a bit vague about the schools.
For simplicity, consider schools as having two main reputation values
1)Gen Rep= General Reputation of MBA program
2)Domain Specific Reputation(s)= Reputation for each specific subfield (finance, IT, accounting, etc.)
Some schools with outstanding Domain Specific Reputations such as Rochester and Carnegie Mellon have somewhat weaker General Reputations.
General Reputations are represented by clusters. The transelite cluster is just below and to some extent overlaps the bottom edge of the elite cluster. This cluster includes schools such as University of Texas-Austin and the University of Southern California.
The Near Elite cluster is just below the transelite and to some extent overlaps with the transelite cluster. These are often smaller schools that concentrate on fields with strong Domain Specific rankings but might have few offerings in other fields. I believe I mentioned the University of Maryland (Smith) which is strong in IT.
If you have any questions, please ask.
Hjort