My thoughts on rankings in terms of gallery shows & reception into the art world today - based on word of mouth & conversations with some working artists:
Group 1
1. Columbia - (legendary over-hype in the gallery scene, very high profile, strong faculty, but also prohibitively high tuition costs, Jonathan Kessler is very well respected as an excellent adviser on video & sculpture)
2. UCLA - (strongest connection to LA galleries, outstanding faculty including Lari Pittman & Barbara Kruger, least expensive, top-tier MFA program)
3. Yale - (big alumni network, phenomenal facilities, weaker because in New Haven rather than NYC or LA and lacking strong new media component, complaints often made that sculpture program is said to be too molded by Jessica Stockholder's aesthetic)
4. USC - (gaining steam as strong reputation, great faculty, large scholarships)
5. VCU (sculpture + new media) - very strong on technical & conceptual, ambitious student work, great facilities
Group 2
6. Hunter (in Manhattan, in-state tuition for New Yorkers, very DIY in their practice, weaker facilities & resources for students)
7. RISD (painting only) - losing steam, as it has built a reputation for breaking students down without building them back up in recent years
8. Calarts
9. UCSD (offers full tuition, close to LA)
10. Art Institute of Chicago (some say that the Chicago art scene is waning)