Chicago, Harvard, Wharton Dominate the List

The Bloomberg Businessweek ranking of full-time MBA programs is out, and the U.S. list shows the impact of the recession. Chicago's Booth School of Business (Booth Full-Time MBA Profile) remains at No. 1, but salaries and placement rates there and throughout the top 10 took a hit since our last ranking in 2008. The University of Pennsylvania's Wharton School (Wharton Full-Time MBA Profile), where only 87 percent of 2010 grads had jobs three months after graduation, fell seven spots in the student survey. And the recruiters who two years ago loved Northwestern's Kellogg School of Management (Kellogg Full-Time MBA Profile) have apparently gotten over their infatuation.

On the upside, we have four newcomers to this year's rankings. The University of Minnesota's Carlson School of Management (Carlson Full-Time MBA Profile) and Michigan State's Broad Graduate School of Management (Broad Full-Time MBA Profile), which ranked in the second tier in 2008, moved up to the big leagues, coming in at No. 28 and No. 20, respectively, while No. 29 Rice University's Jones Graduate School of Business (Jones Full-Time MBA Profile) and No. 30 Texas A&M's Mays Business School (Mays Full-Time MBA Profile) are being ranked for the first time.

In the slides that follow, we lay out the winners and the losers in the top 30. But it doesn't end there. This year we nearly doubled the size of the list, ranking 57 U.S. schools in all. Click here for the complete ranking.

Methodology Note: The ranking is based on three surveys of MBA grads (2010, 2008, and 2006) with 26,389 total responses that combined contribute 45 percent to the final ranking; three surveys of MBA recruiters (2010, 2008, and 2006) with 680 total responses that combined contribute an additional 45 percent; and a review of faculty research published over a five-year period in 20 top academic journals that contributes the final 10 percent. Tuition and fees are for the entire MBA program; where applicable, nonresident figures are used. Pre-MBA pay is the median base salary for the incoming class of 2010; post-MBA pay is the median base salary for the graduating class of 2010. Job offers are the percentage of job-seeking 2010 MBA graduates reporting at least one job offer within three months of graduation. Letter grades are based on one or more questions from the 2010 student and recruiter surveys. A+=top 20 percent; A=next 25 percent; B=next 35 percent; C=bottom 20 percent. No D's or F's awarded.

(Corrects rank for Texas A&M's Mays Business School)
 
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