For the first time ever, UPenn's Wharton School has been ranked at the top of the full-time MBA ranking from US News and World Report.
Behind Wharton is the MBA program from Stanford Graduate School of Business, which was ranked fourth last year. Tied for third place are Harvard Business School, MIT - Sloan, and The University of Chicago's Booth School of Business.
Next, three MBA programs are tied for sixth in this year's ranking: Columbia Business School, Northwestern - Kellogg, and UC Berkeley - Haas. Rounding out the top ten of the full-time MBA ranking are Yale School of Management, which is ranked ninth, and the MBA programs from Duke - Fuqua and Michigan (Ross), which are tied for tenth place.
In terms of US News' updated part-time MBA ranking, Chicago - Booth leads the pack. It's followed by UC Berkeley - Haas and Northwestern - Kellogg. The part-time MBAs from NYU - Stern and UCLA - Anderson round out the top five.
To create the full-time MBA rankings, US News surveyed some 475 US-based MBA programs that are accredited by AACSB International. Of those, 131 were listed because they provided enough data to calculate their ranking. Some factors that went into the MBA ranking include results from peer assessments, placement success, employment rates, and mean GMAT and GRE scores, among others.