Hi Barun,
If you could throw some light on the job opportunities, it would be of gr8 help. No doubt, Cranfield is one of the most reputed universities in the UK but most of the people are apprehensive about the job prospects post MBA. It is one of the major concerns specially amidst the current financial situation, and the fact that there are no "so called" campus placements in the UK and people have to hunt for jobs themselves.
If you want statistics then Cranfield has faired far better than any other school in this gloomy situation. The school of management does assist you with placements. There are regular career fairs and alumni networking events were many, if not all, get their job. One thing of caution is that you have to be realistic. If you have spend substantial part of your career in IT development and delivery you cannot ask for a senior position in an Invesment Bank. More often than not it will be a junior position, since you do not have prior experience in that relevant area and you are banking on your MBA knowledge only. This is true for all schools and even in real life scenarios.
There are always two sides of a coin, so you will hear contradictory stories. Most people who get jobs early are the ones who believe in themselves, their capabilities and work hard towards the industry they want to join from the very beginning. If you read the blogs of the last year students you will realise people who believed in themselves got the jobs.
The career service department at Cranfield, is perhaps the best you can get. They work hard to make sure that the students are well placed. Another important factor to remember is that given the reputation which Cranfield has industry demands high quality students from Cranfield. So you have to be better than rest and having the Cranfield name you will have gone that extra mile but after that it depends upon your preparation (I can be more specific about this after you get an admit).
The alumni network is extremely strong. I got two job offers, from my alumni. They introduced me to the organistion and helped me at every step. So you can definitely bank on the network.
Also, the financial crisis is at its peak now and would have mellowed down by the time you graduate. So the best to do now is concentrate on GMAT. get a good score.