The Economist has updated its MBA ranking for 2014. In this year's ranking, 15 of the top 20 schools are American.
The University of Chicago Booth School of Business is the top-ranked school for the third straight year. Booth has led this ranking now four times over the past five years. Booth, "famed for its prowess in finance, has maintained a strong record of placing students in work," even in the banking sector, which has been squeezed in recent years, according to The Economist.
Coming in second is Dartmouth College's Tuck School of Business. Tuck led the ranking in 2012.
The University of Virginia's Darden School of Business has taken spot number three from UC Berkeley's Haas School of Business, which has dropped to number seven.
Rising four places to position number four is HEC Paris, which edged into the top-five "mostly because of the impressive salaries its graduates get," according to a statement by The Economist.
Spain's IESE Business School holds steady to round out the top-five.
Besides Haas, four more American heavyweights close out the top-ten: Harvard Business School (ranked six), New York University's Stern School of Business, which dropped one place to position number eight, Stanford Graduate School of Business (position nine,) and Columbia Business School (ten).
The top-ranked UK business school is London Business School at spot number 15. LBS lost some ground this year; it was ranked 11 in 2013. The top Australian business school is the University of Queensland, which is ranked 16.
The highest-ranked school in Asia, not counting INSEAD, whose home campus is in France but which also has a campus in Singapore and is ranked 18, is the University of Hong Kong (HKU), which comes in at number 27.
To determine the rankings, The Economist surveys based on factors that are important to students, including the opening of new career opportunities, personal development, salary increase, and networking opportunities.
Image: Chicago - Booth by Karla Kaulfuss / Creative Commons (cropped)
