Duke University’s Fuqua School of Business is America's best business school, according to Bloomberg Businessweek's new rankings, while Harvard Business School (HBS) dropped from the top five.
The rankings are based employer perceptions, a survey of recent graduates, and faculty research volume. Duke rose from sixth to first in the most recent rankings on strong employer perceptions of recent graduates.
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Businessweek evaluated 85 U.S. and 27 international schools for its latest list. The top ten programs were:
1. Duke University Fuqua School of Business
2. University of Pennsylvania Wharton School
3. University of Chicago Booth School of Business
4. Stanford University Graduate School of Business
5. Columbia University Business School
6. Yale University School of Management
7. Northwestern Kellogg School of Management
8. Harvard University School of Business
9. University of Michigan Ross School of Business
10. Carnegie Mellon Tepper School of Business
The most recent rankings are based on a larger survey of recruiters than previous years were. About 1,300 recruiters weighed in, up from 250 in 2012. This year's rankings saw the previous top-five staple, HBS, drop six places to eighth, largely because of weaker survey results from recent graduates.
One area of concern for HBS students was diversity. It had the lowest rating of any top-ten school for providing a welcoming atmosphere for women and minorities. HBS Dean Nitin Nohria has pledged to provide more support to female students, telling a HBS women's alumni group in January that "the school owed you better, and I promise it will be better."
Bill Boulding, dean of the top-ranked Fuqua, credits the school's rise to its collaborative focus. "To be a great leader, you need to be great in a team setting, and I think that’s where we get credit from employers," he says. The school was also bolstered by its second-place rank in faculty research productivity (Kitroeff, Bloomberg Businessweek, 10/11; Frazer, Bloomberg Businessweek, 10/11).
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