Businessweek published its bi-annual ranking of the world’s best MBA programs. As opposed to the FT and Economist rankings, Businessweek publishes two separate rankings- U.S. schools and international schools- and so there are two winners- Chicago and LBS.

Businessweek’s ranking is based mainly on three parameters: satisfaction surveys among students (weighted 45%), surveys among employers/recruiters (weighted 45%) and a measure of intellectual capital (10%) that calculates factors such articles published by faculty. The ranking gathered information about each program- acceptance data, salary and employment data, scholarships, information about the program of study and teaching method, etc.

The U.S. ranking’s top spots did not change from 2012, with Chicago, Harvard, and Wharton keeping spots 1, 2, and 3, respectively, while Stanford and Kellogg switched between themselves for spots 4 and 5, and Duke stayed number 6.

The new ranking bears some surprises- Cornell rose from the 13th spot in 2012 to 7 this year, Columbia dropped from 9 to 14, Berkeley fell from 8 to 13, and Darden rose to the top-10.

In the international ranking, LBS rose from the fifth spot to take this year’s top spot, while INSEAD dropped from first to second, and IE stayed third. Oxford jumped from 16 in 2010 to 5 this year, while Cambridge surprisingly disappeared from the list. The single Asiatic school to enter the ranking was HKUST.

Also at the top of the American ranking::
7- Cornell
8- Michigan Ross
9- MIT Sloan
10- Darden
11- Tepper
12- Tuck
13- Berkeley Haas
14- Columbia
15- Indiana KelleyI
16- NYU Stern
17- UNC
18- UCLA Anderson
19- Texas McCombs
20- Mendoza

Also at the top of the international ranking:
4- Queen’s
5- Oxford
7- Ivey
9- IMD
10- McGill

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