The Economist released its 2019 full-time MBA ranking last week with a familiar name in first place: the University of Chicago Booth School of Business. Although the number-one program was unchanged from the 2018 ranking and many schools in the top ten—including Harvard Business School, the Kellogg School of Management at Northwestern University, and the Wharton School of the University of Pennsylvania—were the same, this year’s ranking also featured something notable: for the first time since 2015, a European school landed in the top five. HEC Paris, which was ranked 13th last year, was third this time—its highest position since The Economist started publishing its rankings. Another European institution, IESE Business School, came in tenth, down four spots from the previous year, while Italian powerhouse SDA Bocconi School of Management took a notable leap from last year’s 24th position, landing in 13th place this year.
Among the most notable U.S.-based risers in the top 20 were the Haas School of Business at the University of California, Berkeley, which was in 11th place last year but seventh this time, and Cornell University’s Johnson Graduate School of Management, which gained six places and was ranked 14th. Conversely, Columbia Business School was tenth in 2018 but 15th this year, and the Darden School of Business at the University of Virginia was ninth last year but 16th this time.