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Is it good to consider the B-School ranking surveys published in the leading magazines of the country, while making a choice ?

No. It is believed that you are the best person to evaluate the schools and arrive at a decision. You must therefore use the parameters explained in the previous questions (What are the key factors to be kept in mind while choosing a B-School ?) rather than relying on the just B-School rankings. This is primarily because it is not really reliable how authentically these rankings have been arrived at. At the same time, different surveys offer different rankings and it becomes all the more confusing to arrive at a choice.