Businessweek published its annual MBA rankings of the best MBA programs in the US, and for the first time ranked Stanford as #1.

This year, the rankings methodology is a bit different – BW surveyed 26,699 MBA students, alumni, and recruiters in 2018 about their goals and experiences. The rankings are based on their responses, as well as compensation and job-placement data from each school. The data was used to form these 4 indexes:

Compensation Index – 38.5%
Networking Index – 27.9%
Learning Index – 23.1%
Entrepreneurship Index – 10.5%

Although the top 5 programs are still Stanford, Wharton, Harvard, Sloan and Booth, there were some notable changes in the 2018 rankings in comparison with 2017 – Berkeley climbed 5 places, Darden climbed 8 places and Yale climbed 5 places, while Duke dropped 9 places, Michigan dropped 6 places and Tuck dropped 12 places.

Here are the top 30 programs according to the new BW rankings:

1. Stanford GSB
2. Wharton
3. Harvard
4. MIT (Sloan)
5. Chicago (Booth)
6. UC-Berkeley (Haas)
7. Columbia
8. Northwestern (Kellogg)
9. Virginia (Darden)
10. Cornell (Johnson)
11. Yale SOM
12. Carnegie Mellon (Tepper)
13. New York (Stern)
13. Southern California (Marshall)
15. Duke (Fuqua)
16. Washington (Foster)
17. UCLA (Anderson)
18. Michigan (Ross)
19. Dartmouth (Tuck)
20. Georgetown (McDonough)
21. Vanderbilt (Owen)
22. Texas-Austin (McCombs)
23. North Carolina (Kenan-Flagler)
24. Emory (Goizueta)
25. Brigham Young (Marriott)
26. Rice (Jones)
27. Georgia Tech (Scheller)
28. Indiana (Kelley)
29. Minnesota (Carlson)
30. William & Mary (Mason)