The first- and second-place finishers in Bloomberg Businessweek's biannual rankings of the top full-time MBA programs are repeat winners. Both landed atop the list again in 2010 after doing so in 2008, the last time the rankings were published.

University of Chicago's Booth School of Business edged out Harvard Business School for the top spot, thanks to higher marks for teaching quality. Both schools got top scores for their career-services departments, helping their overall rankings as the job market for MBAs worsened since the last survey. (See interactive table with full results).

University of Pennsylvania's Wharton School earned the No. 3 spot, followed by Northwestern's Kellogg School of Management. Stanford's program ranked No. 5 overall, but is tops for post-graduate average salary ($120,000) and for being the hardest to get into. The schools that gained the most in the rankings were Georgia Tech (to 23 from 29 in 2008) and Southern Methodist (to 12 from 18). Falling the most were New York University (from 13 to 18) and Brigham Young (from 22 to 27).

Bloomberg BusinessWeek's top tier also had some newcomers: The University of Minnesota's Carlson School of Management and Michigan State's Broad Graduate School of Management, ranked No. 28 and No. 20, respectively. Rice University's Jones Graduate School of Business (No. 29) and Texas A&M's Mays Business School (No. 20) were ranked for the first time. (See slide show of top-tier schools).

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Ivy League educations are overpriced and overrated.

November 14 2010 at 9:18 AM Report abuse rate up rate down Reply

One can't help but be slapped in the face by this LIST of TOP MBA business program. With ony two aception they are all high liberal universities from basically Democratic state. I didn't go to school in this country in Scotland and Australia they actuall encourge you to go out and learn from all aspects of business finance and medicine. Our great US is just a money pot of mental masterbation

November 14 2010 at 7:27 AM Report abuse rate up rate down Reply

Obama did wonders for Harvard. I wonder if they will still be in business in 10 years

November 12 2010 at 4:09 PM Report abuse -2 rate up rate down Reply
1 reply to duey35's comment

And the rest of us know you duey35 did wonders at DeVry Institute. Jealous much loser?

November 14 2010 at 7:13 PM Report abuse rate up rate down Reply

ooooou! A business degree,I'm impressed! Show me how smart you really are, pass P-Chem!

November 12 2010 at 2:52 PM Report abuse +1 rate up rate down Reply

Haaahvaaad has become dominated by sleepy eyed, hairy, socialist leaning perfessers, and their unrealistic teachings cain't be any good fur our future. On the other hand, U of C is rather pragmatic. However their alumni will get run over by the mass of mediocrity produced by the sub biz schools.

November 12 2010 at 1:26 PM Report abuse -2 rate up rate down Reply

Hey khod! You are an idiot. Bush is a Yalie. If you are going to hate someone at least try to know why?

November 12 2010 at 10:41 AM Report abuse +2 rate up rate down Reply

These rankings are not only biased, they are useless. The most important components of a good education are talent, dedication and access. Any business school covers the curriculum adequately, the rest is up to the student. Since the entrance requirements of all these so-called top schools goes farther and farther from evaluating talent and dedication, it is no wonder that the majority of graudates are mediocre at best.

November 12 2010 at 9:03 AM Report abuse +4 rate up rate down Reply

Harvard has had a problem with grades inflation. Students who go there expect to be A students but forget they are really a specialty population that falls under the same normal distribution curve as populations do. So while a "C" Harvard student could be an "A" student at a lessor school, they may not be "A" material amongst that population. In reality, schools are distorting the normal distribution because they feel students won't go there if they will only get lower grades.

November 12 2010 at 8:03 AM Report abuse +3 rate up rate down Reply