Hmm... nice discussion going on.. and how come I can miss?

:)
Have you folks read abt the IITians, and what makes them good? The reasoning is "If you put 2000 of some of India's brighest kids and make them study together for 2 years, the product is going to be good, anyday."
Now, why do I state that? Im stressing on the "india's brighest kids" factor.
Now, coming to ABC vs LIK, and forgetting the fact that I can't think of ABC this year, how many students end up in ABC the first attempt? Definitely not 100%. :)
There are scores of them who get around 90-97 in the first attempt, no IIM, no XL, no FMS, slog their $%%& , get into ABCs next year. There are scores of them who scrapre thro LIK in the first attempt. They try and get into ABC the next year. So, are these students intellectually 'enlightened' in a year, do they become extra-geniuses in a matter of 360 odd days?
How different in Mr X in LIK in the first attempt from Mr X in ABC in the second attempt? Mr X is Mr X, and there is no room for argument.

Do these people make ABC's better off than LIK's? Maybe, may be not. But I dont think they do. What I'm trying to say is, speaking abt the capability of students, there is no much difference b/w ABC and LIK. . This is exactly the reason why top-companies go to many colleges rather than a single college. Take say companyX that goes to all IIMs. If they need 60 folks, they pick approx 10 each from all IIMs. They don't go to A or B and pick 60 there, because students wise, there is no *much* difference. :-P
Now ABC's have been in the field for a long time, their alumni base is strong. Thats the reason why they have the coveted foriegn placements, xtra- brand name etc, but LIKs aren't that worse off.. Repeating my argument abt L. When it started in 1986, XL was 'flagship'ping. Now L is equal or better than XL - the general perception. What did it take to make L stand high? The brand name for one, and everything else follows. Now look at I and K. Its hardly five years in the field, and they are in the top-10, if not the top 7/8.
Taken that I would choose ABC instead of LIK anyday, but that doesn't mean that LIK is bad. Ofcourse, its the individual perceptions that matter, but in the end, if students make up the college, there is no reason why non-ABC's be deemed strict 'untouchables', that too after reaching this far. If we are speaking abt placements, international Xchange programs *alone*, I'd say it makes sense to go to ABC. Not because LIK is bad, or that peer capability is less, or that their 'name' aren't famous.
Its the confidence in us that matters *most*. We don't have to prove to the world that we are good because we got into ABC. Because in the end, we are what we are.
. Just MHO.