The Poets and Quants list for best MBA programs in the world for Entrepreneurship is out and like from past 2 years- this year also The Olin Business School at Washington University in St. Louis. topped the list. It’s hard for any school to stay at the top of this list of prestigious MBA programs specializing in entrepreneurship for three consecutive years, particularly in a field that has seen many schools double down on their commitments to entrepreneurship. But Olin has maintained it really well.

Also for the second year in a row, the second place was grabbed by Babson College, long known for its pioneering differentiation in entrepreneurship. Rice University was a big surprise- jumping from 15th place to third. Climbing three spots from seventh to fourth was Barcelona-based ESADE. And also climbing three spots — from eighth to fifth — is Madrid-based IE Business School.

As we can see, US and Spanish MBA programs and business schools are doing amazingly well in this specialization. The City University of London in 9th place is the first school on the list from a third country. At all of these highly ranked schools, teaching entrepreneurship is as much about launching a new enterprise as it is about learning a new way of thinking. For schools, developing an entrepreneurial mindset in students is as crucial a part of the MBA tool kit as any core discipline whether it is finance or marketing.

Entrepreneurship continues to be a popular path among MBAs, many of which have grown up in a booming tech and startup culture. Tech and startup founders like Steve Jobs, Elon Musk, Jack Dorsey, and others continue to be idolized among business-minded people. Northwestern University’s Kellogg School of Management saw 6.5% of its Class of 2020 MBAs launch startups immediately after commencement—the highest over the past four years. Likewise, enticed by the chance to have a more immediate impact on a business, MBAs are joining startups at high rates. Some 32.0% of ESADE’s Class of 2020 accepted jobs with startups or early state companies immediately after graduation. The rate was 20.2% at IE Business School, down slightly from 22.0% for its Class of 2019. Boston University saw 15.0% of its 2020 class join a startup.

Rank School Total Weighted Score YOY Change
1 Washington University in St. Louis (Olin) 100
2 Babson College 82.67
3 Rice University (Jones) 75.67 12
4 ESADE 75.11 3
5 IE Business School 70.05 3
6 Harvard Business School 69.00 -1
7 University of Michigan (Ross) 68.77 -4
8 Stanford University 65.47 -4
9 City University of London 62.19 8
10 Rutgers Business School 59.23 14

You will be surprised to see that the M7 schools (Stanford, Harvard, Chicago Booth, MNorthwestern Kellogg, UPenn Wharton, Columbia, and MIT Sloan) are not in the top 5 in the above list. So, when selecting a school, while overall rank should be a big part of the process, school and career fit should be at the top of your list of reasons to apply.

Check out the top MBA programs rankings here