Nov. 11--The University of Chicago's Booth School of Business has fallen out of the top spot on the Bloomberg Businessweek rankings of MBA programs, the publication said Tuesday.
Booth, which fell to No. 3, had been No. 1 for the past four rankings. This is the 14th time Bloomberg Businessweek ranked 112 full-time MBA programs worldwide. The rankings, which come out every other year, aim to capture which business schools "offer the strongest education and best prepare MBAs for their careers," it said.
Duke University's Fuqua School of Business claimed the No. 1 spot among U.S. programs. The University of Pennsylvania is No. 2, Stanford University is fourth, and Columbia University ranked fifth. Harvard Business School was pushed out of the top five for the first time since the Businessweek ranking began in 1988.