Bloomberg Businessweek released its 2016 MBA rankings on Wednesday, with Harvard Business School in the top spot for the second year in a row. The rest of the top five, however, held some surprises: the Stanford Graduate School of Business rose five spots from last year’s seventh place to second this year. Duke University’s Fuqua School of Business saw an equally impressive climb, landing in third place after being ranked eighth in 2015. One of the strongest ascents was that of the Tuck School of Business at Dartmouth College: the school placed fifth this year, rising notably from 14th last year. The Jones Graduate School of Business at Rice University was perhaps one of the biggest surprises this year—the school was ranked eighth, gaining 11 positions from last year. This is the program’s first time in the Bloomberg Businessweek top ten.
Of course, not everyone can have a good year. Many highly prestigious institutions were left out of the top ten, perhaps indicating that schools previously considered “diamonds in the rough” have come to challenge the ranks. Columbia Business School fell from the top ten; having stood at sixth in 2015, it was ranked 11th this year. The University of Michigan’s Ross School of Business ranked 13th, down three positions from last year, and the Yale School of Management similarly slipped three spots from 2015 and now stands in 14th place.