Very wrong. Actually you should always be reluctant to go to a low-ranking (although there is no official ranking for reserach) program because it will be more painful for you to launch a job after 5 years.
MBA costs too much to a common students in China, and many students want to get a more steadily situation in USA, so they pursue a Ph.D. Because If you pursue a master degree in accounting or finance in a not-high-ranking school, it will be hard to find a job in USA. That's why they pursuing Phd than MBA.
don't expect too much from those teachers in NEW ORIENTAL, usually they don't have any experience in US school, such as some of my friends who worked there. Even if someone really have been in US school, most of them are losers who couldn't find a job in US. I say most, not all.They even never taste the success but are in the classroom to tell people how to success.This also one of the withdraw that New Oriental expand too much and fast.