[mcmoose75]

There are a few exceptions to the above- for instance, often schools that aren't in the top 3 nationwide can punch above their weight in regional networks.

For instance, if you want to live and work in LA (or work in the entertainment industry) I've heard that it can be really useful to go to UCLA or USC for an MBA.

[opportune]

Honestly even for Podunk State U I think you can experience the same if you plan on staying in your region in a local industry. I'm guessing an MBA from the University of X is just fine if you have a management job to go back to and want to stay in X the rest of your life. As long as there isn't some highly competitive field attracting people from all over the country you're trying to break into, applying the constraint "must stay in state X", a degree from UX might be the best place to go get your MBA

Still maybe not worth the tuition+lost income, but could be worth it