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).
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).