I agree - went on my CEIBS exchange and was terribly disappointed by the quality of the teaching as well as the administration staff. Much of the student population wasn't at all impressive. Finally, the renowned campus, designed by a famous architect, is a joke for a school.
Quite a few professors are not equipped with the tools to teach MBA students. In a particular instance, a marketing professor set a quiz on NPV but he was unable to explain the concept of NPV in class. The administration lags behind in getting anything done - and the crux of the class is not particpation but attendance. The over-zealous administration often penalizes students severely for missing classes - missing 20% of classes will result in failing grades. When asks to clarify the situation, replies come back a month later.
Plenty of the local students are just poor candidates for business school - with no real drive to learn or cooperate in projects/assignments. Most of them were just copy&pasting answers while only being concerned with checking stocks and skipping classes for golf. When actually present for classes, comments or contribution to the class were infrequent and poorly phrased. In fact, most of their language skills were found lacking. Some had even requested to converse in Mandarin during group meetings as they were not articulate enough to converse with others in English. This is ridiculous especially when many of them score 700+ on the GMATs. The only thing to learn from them is how to be lazy when it comes to work and blame others for your inadequacies.
The campus is often touted as an architectural marvel - however the campus is small, dirty and in shambles. Cracks are often present in the walls of the school - the place looks presentable but it is falling apart. The heating system dont work: In the summer, when temperatures soar to 40 degrees celcius, the AC wouldn't work. In the winter, the school refuses to turn on heating unless it is below 10degrees celcius. Also, the Pudong campus is really far from civilization - 1hr minimum to the city. The only way to get a subway station is via a relatively expensive cab ride.
The only plausible answer to why their ranking is so high is the difference between their salaries before and after. Entering with annual 60K RMB (6K ? and exiting with annual 120K RMB (12K ? is alot for a local student but is peanuts compared to the post-MBA salaries of any top 20 school. All in all - CEIBS were the bane of my MBA career - i highly recommend anyone against going to the school for exchange or full-time.