The University of Chicago's Booth School of Business has tied for first place in U.S. News & World Report's annual ranking of the country's best full-time master's degree programs in business administration.
It's the first time Booth has topped the list, U.S. News said.
The Booth School, which named a new dean last year, tied with Harvard for the top spot. Booth ascended to first place after placing third in last year's ranking. Northwestern University's Kellogg School of Management, which last year landed in a three-way tie for fourth place, fell to sixth place in the current rankings.
Both Kellogg and Booth ranked in the top 3 among part-time MBA programs, though. The University of California at Berkeley's Hass School of Business took the top spot in that category, with U. of C.'s Booth at No. 2 and Northwestern's Kellogg at No. 3.
The University of Illinois at Urbana-Champaign College of Business tied for 48th place in the ranking of full-time MBA programs.
U.S. News says it bases its graduate school rankings on both survey results — it sends more than 20,000 surveys to academics and professionals — and data that measure the quality of a school's faculty, research and students.