Linda Abraham of Accepted.com has responded to my last post shortlisting schools - criterion. She largely agrees with the my criterion except the first point (intake % of Indian engineers).
My point is that, as an Indian engineer belongs to an overrepresented group, he/she should apply to a school where the intake of Indian engineers is relatively higher, considering he/she is a career enhancer or wants to be the same indutry post MBA. This might increase his/her chances of getting in as the seats would be more in that school.
But this is just one side of coin. The other side is that in those schools more engineers might apply, thereby intensifying the competition. Also, this criterion doesn't stand good for career changers who want to move out of technology/IT industry post MBA.
Linda explains more on this. Jump on to her post to know more.