The Steinberg-Dietrich Hall is home to several departments of the Wharton School of Business

The 2018 US News & World Report business school rankings are out, and the University of Pennsylvania’s Wharton School has tied with Harvard Business School for the top spot. Wharton is up three notches, after being placed fourth last year.

The Best Graduate Schools list saw the University of Chicago’s Booth Business School slip to No. 3 this year, from the second spot last year. Stanford Business School, which shared the second spot with Booth last year, now shares fourth place with Northwestern University’s Kellogg Business School and the Sloan School of Business at the Massachusetts Institute of Technology (MIT).

US News surveyed 471 master's programs in business administration, focusing on parameters such as peer assessment, recruiter assessment, admission, employment and tuition.

Harvard Business School, the world’s first MBA program (started 1908) was ranked highly by recruiters and peers. Its acceptance rate is 10.7%, with an average GMAT score of 729 and the average undergraduate GPA of enrolled students at 3.67. The average tuition and fees are around $75,000. Full-time students who graduated in 2016 earned an average starting salary of over $153,000. Nearly 80% of students had a job at graduation, and 90% had one within three months of graduating.

The other top ranked school, the Wharton School, was the first business school at a university (founded 1881). Its acceptance rate is close to 20%, with an average GMAT score of 730 and undergraduate GPA of 3.60. Average tuition is a little over $73,000, and the average starting salary in 2016 was $155,000. It also beat Harvard Business School in terms of employment, with nearly 86% of students having a job at graduation, and 95.5% within three months of graduating.

The top 10 schools in the latest and last year’s rankings are listed below.

2018	2017
1. Harvard (Harvard University)	1. Harvard (Harvard University)
1. Wharton (University of Pennsylvania)	2. Booth (University of Chicago)
3. Booth (University of Chicago)	2. Stanford (Stanford University)
4. Sloan (MIT)	4. Wharton (University of Pennsylvania)
4. Kellogg (Northwestern University)	5. Kellogg (Northwestern University
4. Stanford (Stanford University	5. Sloan (MIT)
7. Haas (University of California Berkeley)	7. Haas (University of California Berkeley)
8. Tuck (Dartmouth College)	8. Tuck (Dartmouth College)
9. Columbia (Columbia University)	8. Yale (Yale University)
9. Yale (Yale University)	10. Columbia (Columbia University)

 
The top 20 also include the Ross School at the University of Michigan, Duke University’s Fuqua School, New York University’s Stern School, and the University of Virginia’s Darden School. The full list is available here.
 
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