Duke University’s Fuqua School of Business jumped five spots to rank No. 1 in the latest ranking of MBA programs by Bloomberg Businessweek.
Duke supplanted the University of Chicago’s Booth School of Business, which came out on top in the last survey, which was conducted in 2012. The Booth School fell to No. 3 in the latest survey, behind the University of Pennsylvania’s Wharton School of Business.
UNC-Chapel Hill’s Kenan-Flagler Business School also ascended the rankings. It was ranked twelfth, up from No. 17.
Bloomberg Businessweek’s rankings are based on three measures: a survey of company recruiters, a survey of graduating MBAs and a tally of published faculty research. The first two measures each make up 45 percent of the ranking and faculty research accounts for 10 percent.
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“Fuqua students got high marks from recruiters, particularly those from companies that hire large numbers of MBAs, which were given more weight in the rankings,” the magazine noted. “In the survey, recruiters noted that Fuqua students are exceptionally good at working collaboratively.”
Fuqua ranked No. 2 in the employer survey and faculty research; it came in No. 22 in the student survey.
The vaunted Harvard Business School fell from No. 2 to No. 8, the first time it failed to make the top five.