In the almost quarter-century that Bloomberg Businessweek has been ranking business schools, there has been only one school that has snagged four consecutive No. 1 spots, the University of Pennsylvania's Wharton School. Until now. With its No. 1 ranking in the magazine's 2012 Best B-Schools list, the University of Chicago's Booth School of Business becomes the second institution with that kind of staying power. Come 2014, Booth will be poised to overtake Wharton's achievement and become the winningest school in the ranking's history.

Methodology: The ranking is based on three surveys of MBA grads (2012, 2010, and 2008) with 27,523 total responses that combined contribute 45 percent to the final ranking; three surveys of MBA recruiters (2012, 2010, and 2008) with 663 total responses that combined contribute an additional 45 percent; and a review of faculty research published over a four-year period in 20 top academic journals that contributes the final 10 percent. Tuition and fees are for the entire MBA program; where applicable, nonresident figures are used. Pre-MBA pay is the median base salary for the incoming class of 2012; post-MBA pay is the median base salary for the graduating class of 2012. Job offers are the percentage of job-seeking 2012 MBA graduates reporting at least one job offer within three months of graduation. Letter grades are based on one or more questions from the 2012 student survey. A+=top 20 percent; A=next 25 percent; B=next 35 percent; C=bottom 20 percent. No D's or F's awarded.

(Corrects the time frame of faculty research that is reviewed for the rankings in slide 1; also reorders slides to reflect revised rankings corrected for miscalculations in the Intellectual Capital score.)

Photograph by Brent Lewin/Bloomberg

In the almost quarter-century that Bloomberg Businessweek has been ranking business schools, there has been only one school that has snagged four consecutive No. 1 spots, the University of Pennsylvania's Wharton School. Until now. With its No. 1 ranking in the magazine's 2012 Best B-Schools list, the University of Chicago's Booth School of Business becomes the second institution with that kind of staying power. Come 2014, Booth will be poised to overtake Wharton's achievement and become the winningest school in the ranking's history.

Methodology: The ranking is based on three surveys of MBA grads (2012, 2010, and 2008) with 27,523 total responses that combined contribute 45 percent to the final ranking; three surveys of MBA recruiters (2012, 2010, and 2008) with 663 total responses that combined contribute an additional 45 percent; and a review of faculty research published over a four-year period in 20 top academic journals that contributes the final 10 percent. Tuition and fees are for the entire MBA program; where applicable, nonresident figures are used. Pre-MBA pay is the median base salary for the incoming class of 2012; post-MBA pay is the median base salary for the graduating class of 2012. Job offers are the percentage of job-seeking 2012 MBA graduates reporting at least one job offer within three months of graduation. Letter grades are based on one or more questions from the 2012 student survey. A+=top 20 percent; A=next 25 percent; B=next 35 percent; C=bottom 20 percent. No D's or F's awarded.

(Corrects the time frame of faculty research that is reviewed for the rankings in slide 1; also reorders slides to reflect revised rankings corrected for miscalculations in the Intellectual Capital score.)

Photograph by Brent Lewin/Bloomberg

2012 Best U.S. Business Schools

Booth, Harvard, Wharton Top List
Booth, Harvard, Wharton Top List

In the almost quarter-century that Bloomberg Businessweek has been ranking business schools, there has been only one school that has snagged four consecutive No. 1 spots, the University of Pennsylvania's Wharton School. Until now. With its No. 1 ranking in the magazine's 2012 Best B-Schools list, the University of Chicago's Booth School of Business becomes the second institution with that kind of staying power. Come 2014, Booth will be poised to overtake Wharton's achievement and become the winningest school in the ranking's history.

Methodology: The ranking is based on three surveys of MBA grads (2012, 2010, and 2008) with 27,523 total responses that combined contribute 45 percent to the final ranking; three surveys of MBA recruiters (2012, 2010, and 2008) with 663 total responses that combined contribute an additional 45 percent; and a review of faculty research published over a four-year period in 20 top academic journals that contributes the final 10 percent. Tuition and fees are for the entire MBA program; where applicable, nonresident figures are used. Pre-MBA pay is the median base salary for the incoming class of 2012; post-MBA pay is the median base salary for the graduating class of 2012. Job offers are the percentage of job-seeking 2012 MBA graduates reporting at least one job offer within three months of graduation. Letter grades are based on one or more questions from the 2012 student survey. A+=top 20 percent; A=next 25 percent; B=next 35 percent; C=bottom 20 percent. No D's or F's awarded.

(Corrects the time frame of faculty research that is reviewed for the rankings in slide 1; also reorders slides to reflect revised rankings corrected for miscalculations in the Intellectual Capital score.)

Photograph by Brent Lewin/Bloomberg
1. University of Chicago
1. University of Chicago

Booth School of Business

2010 Rank: 1
Tuition & Fees: $111,587
Selectivity: 23%

Pre-MBA Pay: $75,000*
Post-MBA Pay: $115,000
Job Offers: 95%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A+
Leadership: B
Classmates: A

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*Based on Bloomberg Businessweek survey of Booth MBA graduates

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2. Harvard University
2. Harvard University

Harvard Business School

2010 Rank: 2
Tuition & Fees: $126,576
Selectivity: 13%

Pre-MBA Pay: $90,000*
Post-MBA Pay: $120,000
Job Offers: 95.1%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A+
Leadership: A
Classmates: A

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*Based on Bloomberg Businessweek survey of Harvard MBA graduates

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3. University of Pennsylvania
3. University of Pennsylvania

Wharton School

2010 Rank: 3
Tuition & Fees: $121,610
Selectivity: NA

Pre-MBA Pay: $90,000*
Post-MBA Pay: $120,000
Job Offers: 95.2%

Students Rate the Program:
Career Services: A+
Teaching: B
Critical Thinking: A
Leadership: A+
Classmates: A

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*Based on Bloomberg Businessweek survey of Wharton MBA graduates

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4. Stanford University
4. Stanford University

Graduate School of Business

2010 Rank: 5
Tuition & Fees: $118,020
Selectivity: 7%

Pre-MBA Pay: $90,000*
Post-MBA Pay: $125,000
Job Offers: 90%

Students Rate the Program:
Career Services: A
Teaching: B
Critical Thinking: A+
Leadership: A+
Classmates: A+

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*Based on Bloomberg Businessweek survey of Stanford MBA graduates

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5. Northwestern University
5. Northwestern University

Kellogg School of Management

2010 Rank: 4
Tuition & Fees: $113,100
Selectivity: 24%

Pre-MBA Pay: $79,000
Post-MBA Pay: $115,000
Job Offers: 95.6%

Students Rate the Program:
Career Services: A
Teaching: B
Critical Thinking: A
Leadership: A
Classmates: A+

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6. Duke University
6. Duke University

Fuqua School of Business

2010 Rank: 6
Tuition & Fees: $109,844
Selectivity: 27%

Pre-MBA Pay: $60,000
Post-MBA Pay: $110,000
Job Offers: 92%

Students Rate the Program:
Career Services: B
Teaching: A
Critical Thinking: A
Leadership: A
Classmates: A

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7. Cornell University
7. Cornell University

Johnson Graduate School of Management

2010 Rank: 13
Tuition & Fees: $107,592
Selectivity: 28%

Pre-MBA Pay: $60,000
Post-MBA Pay: $100,000
Job Offers: 92%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A+
Leadership: A+
Classmates: A+

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8. University of Michigan
8. University of Michigan

Ross School of Business

2010 Rank: 7
Tuition & Fees: $110,389
Selectivity: NA

Pre-MBA Pay: $61,000
Post-MBA Pay: $110,000
Job Offers: 85%

Students Rate the Program:
Career Services: A
Teaching: A
Critical Thinking: A
Leadership: A+
Classmates: A

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9. Massachusetts Institute of Technology
9. Massachusetts Institute of Technology

Sloan School of Management

2010 Rank: 10
Tuition & Fees: $108,400
Selectivity: 16%

Pre-MBA Pay: $80,000*
Post-MBA Pay: $118,500
Job Offers: 96%

Students Rate the Program:
Career Services: A
Teaching: B
Critical Thinking: A
Leadership: B
Classmates: A+

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*Based on Bloomberg Businessweek survey of Sloan MBA graduates

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10. University of Virginia
10. University of Virginia

Darden School of Business

2010 Rank: 11
Tuition & Fees: $105,900
Selectivity: 27%

Pre-MBA Pay: $66,000*
Post-MBA Pay: $105,000
Job Offers: 94%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A+
Leadership: A+
Classmates: A

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*Based on Bloomberg Businessweek survey of Darden MBA graduates

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11. Carnegie Mellon University
11. Carnegie Mellon University

Tepper School of Business

2010 Rank: 15
Tuition & Fees: $111,600
Selectivity: 27%

Pre-MBA Pay: $52,000
Post-MBA Pay: $105,000
Job Offers: 91.9%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A+
Leadership: A+
Classmates: A+

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12. Dartmouth College
12. Dartmouth College

Tuck School of Business

2010 Rank: 14
Tuition & Fees: $117,930
Selectivity: 20%

Pre-MBA Pay: $64,700
Post-MBA Pay: $115,000
Job Offers: 95%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A+
Leadership: A+
Classmates: A+

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14. University of California, Berkeley
14. University of California, Berkeley

Haas School of Business

2010 Rank: 8
Tuition & Fees: $112,550
Selectivity: NA

Pre-MBA Pay: $72,000
Post-MBA Pay: $115,000
Job Offers: 95.9%

Students Rate the Program:
Career Services: A
Teaching: B
Critical Thinking: A
Leadership: A
Classmates: A+

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13. Columbia University
13. Columbia University

Columbia Business School

2010 Rank: 9
Tuition & Fees: $118,424
Selectivity: 21%

Pre-MBA Pay: $80,000*
Post-MBA Pay: $110,000
Job Offers: 96%

Students Rate the Program:
Career Services: A
Teaching: B
Critical Thinking: B
Leadership: B
Classmates: A

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*Based on Bloomberg Businessweek survey of Columbia MBA graduates

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15. Indiana University
15. Indiana University

Kelley School of Business

2010 Rank: 19
Tuition & Fees: $91,088
Selectivity: 39%

Pre-MBA Pay: $45,300
Post-MBA Pay: $99,500
Job Offers: 95%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A+
Leadership: A+
Classmates: A+

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16. New York University
16. New York University

Stern School of Business

2010 Rank: 18
Tuition & Fees: $111,708
Selectivity: 16%

Pre-MBA Pay: $67,389
Post-MBA Pay: $100,000
Job Offers: 94%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A+
Leadership: A+
Classmates: A+

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17. University of North Carolina, Chapel Hill
17. University of North Carolina, Chapel Hill

Kenan-Flagler Business School

2010 Rank: 16
Tuition & Fees: $106,343
Selectivity: 43%

Pre-MBA Pay: $45,000
Post-MBA Pay: $100,000
Job Offers: 88%

Students Rate the Program:
Career Services: A
Teaching: A
Critical Thinking: B
Leadership: A+
Classmates: A

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18. UCLA
18. UCLA

Anderson School of Management

2010 Rank: 17
Tuition & Fees: $109,060
Selectivity: 23%

Pre-MBA Pay: $62,000
Post-MBA Pay: $103,500
Job Offers: 91%

Students Rate the Program:
Career Services: A+
Teaching: B
Critical Thinking: A
Leadership: A
Classmates: A

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19. University of Texas, Austin
19. University of Texas, Austin

McCombs School of Business

2010 Rank: 25
Tuition & Fees: $98,364
Selectivity: 29%

Pre-MBA Pay: $64,500
Post-MBA Pay: $100,000
Job Offers: 94.3%

Students Rate the Program:
Career Services: A
Teaching: B
Critical Thinking: B
Leadership: A
Classmates: A

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20. University of Notre Dame
20. University of Notre Dame

Mendoza College of Business

2010 Rank: 24
Tuition & Fees: $90,410
Selectivity: 35%

Pre-MBA Pay: $40,000
Post-MBA Pay: $99,500
Job Offers: 93%

Students Rate the Program:
Career Services: A
Teaching: A
Critical Thinking: A
Leadership: A
Classmates: B

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21. Yale University
21. Yale University

Yale School of Management

2010 Rank: 21
Tuition & Fees: $115,321
Selectivity: 21%

Pre-MBA Pay: $62,434
Post-MBA Pay: $100,000
Job Offers: 90%

Students Rate the Program:
Career Services: A
Teaching: A
Critical Thinking: A+
Leadership: A
Classmates: A+

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22. Emory University
22. Emory University

Goizueta Business School

2010 Rank: 22
Tuition & Fees: $94,548
Selectivity: 34%

Pre-MBA Pay: $50,000
Post-MBA Pay: $100,000
Job Offers: 98%

Students Rate the Program:
Career Services: A
Teaching: B
Critical Thinking: A
Leadership: A
Classmates: B

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23. Georgia Institute of Technology
23. Georgia Institute of Technology

Scheller College of Business

2010 Rank: 23
Tuition & Fees: $72,968
Selectivity: 38%

Pre-MBA Pay: $62,649
Post-MBA Pay: $94,000
Job Offers: 94%

Students Rate the Program:
Career Services: A+
Teaching: A
Critical Thinking: A
Leadership: B
Classmates: B

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24. University of Maryland
24. University of Maryland

Smith School of Business

2010 Rank: 42
Tuition & Fees: $94,896
Selectivity: 44%

Pre-MBA Pay: $52,000
Post-MBA Pay: $95,000
Job Offers: 89%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A+
Leadership: A+
Classmates: A+

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25. Vanderbilt University
25. Vanderbilt University

Owen Graduate School of Management

2010 Rank: 37
Tuition & Fees: $90,000
Selectivity: 37%

Pre-MBA Pay: $50,000
Post-MBA Pay: $92,000
Job Offers: 92%

Students Rate the Program:
Career Services: A+
Teaching: A+
Critical Thinking: A
Leadership: A+
Classmates: A

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26. Texas A&M University
26. Texas A&M University

Mays Business School

2010 Rank: 30
Tuition & Fees: $46,399
Selectivity: 24%

Pre-MBA Pay: $42,000
Post-MBA Pay: $93,500
Job Offers: 94%

Students Rate the Program:
Career Services: A
Teaching: A+
Critical Thinking: A+
Leadership: A
Classmates: A+

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27. Ohio State University
27. Ohio State University

Fisher College of Business

2010 Rank: 32
Tuition & Fees: $92,883
Selectivity: 32%

Pre-MBA Pay: $51,000
Post-MBA Pay: $90,000
Job Offers: 96%

Students Rate the Program:
Career Services: B
Teaching: A
Critical Thinking: B
Leadership: A
Classmates: B

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28. University of Southern California
28. University of Southern California

Marshall School of Business

2010 Rank: 26
Tuition & Fees: $103,300
Selectivity: 29%

Pre-MBA Pay: $65,000
Post-MBA Pay: $100,000
Job Offers: 77%

Students Rate the Program: Career Services: B
Teaching: B
Critical Thinking: B
Leadership: B
Classmates: B

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29. Southern Methodist University
29. Southern Methodist University

Cox School of Business

2010 Rank: 12
Tuition & Fees: $93,360
Selectivity: 51%

Pre-MBA Pay: $60,000
Post-MBA Pay: $90,000
Job Offers: 79%

Students Rate the Program:
Career Services: B
Teaching: A+
Critical Thinking: A
Leadership: B
Classmates: B

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30. Georgetown University
30. Georgetown University

McDonough School of Business

2010 Rank: 33
Tuition & Fees: $99,650
Selectivity: 49%

Pre-MBA Pay: $55,000
Post-MBA Pay: $100,000
Job Offers: 92%

Students Rate the Program:
Career Services: A
Teaching: A
Critical Thinking: A
Leadership: A
Classmates: A

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