The University of Chicago Booth School of Business reached the top of the U.S. News and World Report MBA rankings for the first time this week as the publication released its 2019 Best Business Schools list. The honor is shared by Harvard Business School, which also tied for the top spot last year with the Wharton School of the University of Pennsylvania. Chicago Booth was ranked third last year, while Wharton claimed the third place in the latest rankings. The Stanford Graduate School of Business stood at fourth, unchanged from the previous year, and the MIT Sloan School of Management fell one spot from last year and landed at fifth.
Among the year’s most notable climbers was the University of Michigan’s Ross School of Business, which entered the top ten for the first time in 14 years and achieved its highest rank in nearly 20 years, tying for seventh place with the Haas School of Business at the University of California, Berkeley. The Jones Graduate School of Business at Rice University—which, perhaps a bit surprisingly, entered the top ten in the Bloomberg Businessweek rankings for the first time in 2016—climbed six spots in the U.S. News ranking and settled at 23rd place. Although the Yale School of Management only fell three places to 11th, its exit out of the top ten was its first since 2015.