B-School Selection [Points To Consider]

I was wondering on how to select/shortlist a set of B-Schools which suits our requirements.Though,its very difficult to arrive at any conclusion at this stage,but still I am trying to get some stats and make an initial draft on the selection part which will be later enhanced as time proceeds.
So,I can see following points worth consideration:-
1.Ranking :-
Rankings seems to me an important part of the school selection process. As discussed earlier,there are many rankings available every year from different magazines so its important to make sure the onces which are relevant which needs,understand the approach of calculating rankings.
Sites which I feel are good references:-
1.Businessweek
2.Financial Times
However, rankings aren't word of bible. But if one can correlate the ranking related data captured during a long period of time, he/she can find schools consistently ranked in "good zone".
Also,I feel that "grading" of the B-school by students and recruiters forms a vital part in its consideration. In this regard, please note that some rankings solely aim at Avg GMAT score/"avg start salary" . It seems to me that highest starting salaries have gards living in the most expensive places. Example:-
$80/90,000 in Texas/Austin is equivalent to $110/120,000+ in LA.
I think a real picture can be attained in we consider each salary and normalize it to a CLI(cost of living index).
To conclude,I feel that the students provide a better ranking along with recruiters.
2. Post MBA career
It is very important to figure out the career interests and how good a school is towards fulfilling that career dream.
Say,in general,Finance/IBanking and Strategic Consulting tops the list.Taking that in mind,it seems that in top 20 US B-Schools,"janta" getting placed in Finance/consulting is pretty high..i.e 35-40%
Also,I feel that I left out one essential part here,i.e the % of IT fellas going to Fin/consulting.
If we consider,say 40% of student in a particular school are from IT background,then,say in best caseif 35% were all IT guys then,we end up to 14% getting into either fin or consulting or both.
Also,there are ppl heading towards marketing/brand management etc. *The highest salary offered in ISB in '06 was from Real Estate Management Firm!!
3.Alumni Network
The alumni network actually captures:- friendships,employment opportunities and future investors.
Now,B-school's alumni services can tell about its real standings. Students who are satisfied with their experience in B-school will try to be connected after passing out of the school and most probably help out prospective students. One needs to check out schools having "alums-prospective students" conversations and interaction.
Apart from the above 3,there are 7 more points which needs an insight.I will try to discuss about them in later posts.