In the almost quarter-century that Bloomberg Businessweek has been ranking business schools, there has been only one school that has snagged four consecutive No. 1 spots, the University of Pennsylvania's Wharton School. Until now. With its No. 1 ranking in the magazine's 2012 Best B-Schools list, the University of Chicago's Booth School of Business becomes the second institution with that kind of staying power. Come 2014, Booth will be poised to overtake Wharton's achievement and become the winningest school in the ranking's history.
Methodology: The ranking is based on three surveys of MBA grads (2012, 2010, and 2008) with 27,523 total responses that combined contribute 45 percent to the final ranking; three surveys of MBA recruiters (2012, 2010, and 2008) with 663 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 2012; post-MBA pay is the median base salary for the graduating class of 2012. Job offers are the percentage of job-seeking 2012 MBA graduates reporting at least one job offer within three months of graduation. Letter grades are based on one or more questions from the 2012 student survey. A+=top 20 percent; A=next 25 percent; B=next 35 percent; C=bottom 20 percent. No D's or F's awarded.