There is a post I've contributed to earlier explaining the rankings and reputations of various universities in the UK and USA. I made specific comments on business schools too, so have a look. It's entitled "Top technology uni?"To be more specific about your query, yes, there is indeed a "snob value", as you put it. The best rated business schools in the UK rank as follows if academic excellence is the sole judging criteria:LBS,UMISTAston,Said OxfordJudge CambridgeIf the judging criteria is purely "snob value", one is more inclined to suggest the following order:LBS, Said & JudgeUMIST & Aston This second opionion is always highly arbitrary and differs depending on whom you ask. This is why I'd encourage you not to focus too much attention on it. The scenario you mention of all other things equal and everything therefore "hinging" on the reputation of one's business school is actually quite remote. There will always be obvious differentiators amongst candidates long before a recruiter ever sits down and wonders, "Hmmm...exactly the same level of charisma at interview, exactly equal in analytical ability and business awareness, exactly the same results in the aptitude tests, exactly the same responses in the case study. Right - one went to Aston, the other UMIST, let's pick the one from UMIST because the school sounds sexier." I'd suggest that you should put your focus on becoming a star achiever at whichever top business school you choose. (The top part is important, but that's all). Why? Well let's say you go to interview clutching a superb MBA transcript from Aston. If your competition is an alumni of Said with a lesser transcript, your academics are automatically better, making the point of business school "reputation" a non starter.