I have a question I am about to graduate with my MBA from Texas Tech University a good program for a great price. However, Texas Tech is looking at becoming a Tier One Research University in the next five years and I think this would have a very positive effect on the MBA program because Texas Tech will then be at the same status as other research universities in Texas with great business schools (UT-Austin, Texas A & M, and Rice). They are also constructing a state of the art building for the business school which will enhance the programs reputation as well.

Just curious if things like that could help an MBA program improve its reputation and in the long run jump up in the rankings of the best business schools?