The 2023 U.S. News & World Report Best Business Schools list, which was released on Tuesday, named two MBA programs the best in the country. The Wharton School of the University of Pennsylvania, which was ranked second last year, shared the top spot this year with the University of Chicago’s Booth School of Business. Chicago Booth was third in the previous rankings and has been named the top MBA program by U.S. News only once before, in the 2019 list. The Stanford Graduate School of Business, which held the number-one spot last year, shared third place with the Kellogg School of Management at Northwestern University this time. Harvard Business School remained in fifth place this year, tied with the MIT Sloan School of Management.
One school made its way into the top ten—the University of Michigan Ross School of Business was 13th last year and tenth this year—and a few fell out: the Tuck School of Business at Dartmouth College and the New York University Stern School of Business shared tenth place in the previous list but were ranked 11th and 12th, respectively, this year. Among the most notable changes in the current rankings were the Mendoza College of Business at the University of Notre Dame, which was 25th, up 11 spots from the previous list, and the D’Amore-McKim School of Business at Northeastern University, which was ranked 85th, down 30 spots from last year.