Stanford, Booth, and Harvard lead the US list

Forbes has released the 2013 edition of its biennial best business school ranking, which lists schools based on return on investment.

Stanford Graduate School leads this year's US ranking, taking the crown from 2011's leader, Harvard Business School, which fell to spot three (behind second place Chicago Booth.) The top five is rounded out by Wharton and Kellogg.

Dartmouth Tuck holds on to its sixth place position, and is followed by Columbia, Duke Fuqua, Cornell Johnson, and Michigan Ross, which climbed four spots to sneak in to the top ten.

For the international ranking, IMD leads the list, and is followed by INSEAD, SDA Bocconi, London Business School, and IE Business School. The rest of the top ten includes Oxford Said, Warwick, Cambridge Judge, National University of Singapore, and Cranfield.

To determine the US rankings, Forbes surveyed 17,000 alumni from the class of 2008, from 100 schools. Five years of salary data was compared to opportunity costs to determine the overall return on investment.

The magazine only received responses from 27 percent of those surveyed.

For more information, please see Forbes' 2013 ranking of best US business schools.

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