Bloomberg Businessweek released its 2016 ranking of international MBA programs recently, with a new school at the top of the list. The Ivey Business School at the University of Western Ontario, which was ranked the best international program in 2014 and 2015, dropped to the tenth spot this year—making way for London Business School to take over first place, which it last held in 2012. INSEAD, last year’s number-three program, was ranked second this year, while Saïd Business School at the University of Oxford rose three spots to claim third place.

Melbourne Business School was one of the year’s most notable shifters. The school entered the top ten at ninth place after ranking 23rd in 2015. The rest of the top schools were otherwise largely similar to last year’s. Such renowned institutions as IE Business School, IMD, Cambridge Judge Business School, IESE Business School, and SDA Bocconi School of Management moved slightly in their respective rankings, but all remained within the top ten for at least the second year in a row.