How important are rankings of grad schools?

[HawkGuy]

Boise State University isn't even ranked.

Neither are Yale, UC-Berkeley, Arizona State, Auburn, or George Washington University. All of these are great schools who's EMBA programs aren't ranked by BusinessWeek.

My advice to anyone is to attend the best school that you can get into. This especially applies to grad school. You will forever be linked to your alma mater, and you want one with a good reputation, alumni network, etc...

If you are happy with and proud of your school, then rankings don't mean a thing.