US business schools are overrated. You just need to take a look at the source of the current worldwide economic crisis to see that the US education system has not delivered the ethical and social responsibility that it should have.

Separately, studying MBA outside of the US seems to become more popular. Most of the foreign schools, eg NUS, NTU, also partner with US schools to provide what I think may be the best compromise of two worlds -- an Asian focus and a US curriculum. It's about time that some other country takes the lead in new MBA curriculum. What about China? Or India?

Both these countries have good schools that seem to accept only the top of the top of their undergraduates applicants. Names such as Peking, Tsinghua, IIM will be famous one day if they are not already.