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josiesun, I believe the short answer to your question is "it all depends".
BW weighs, among other things, feedbacks from B-schools' customers - the MBA students and the recruiters.
US NEWS does not care about what MBAs think. They weigh job placement, GMAT and MBA salary relatively heavily.
WSJ only cares about what recruiters say (GMAT does not mean anything to WSJ). I kind of disagree with what funnytiger said about WSJ. 99% MBAs care about jobs, therefore what recruiters think in my opinion really matters.
Stanford students often appear "arrogant" to recruiters - that's why recruiters rank Stanford 30th in WSJ. Stanford MBAs do not want leave California and they probably think they are the smartest people in the whole world. If you are a recuiter, you probably won't appreciate that kind of mentaility very much either. Plus Stanford does not have a large student pool for recruiters to pick and choose.
Of course, few people would believe Stanford is really the 30th best B-school in the US (WSJ is NOT saying that either). Stanford is a great school, probably one of the top B-schools in the whole world, but it is NOT necessarily good in each and every aspect.
Study the criteria these rankings use and you would perhaps agree with my short answer in the beginning.
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