The Stanford Graduate School of Business has nabbed the No. 1 spot in U.S. News and World Report's 2012 ranking of graduate business schools.
The Harvard Business School came in close second, followed by MIT's Sloan School and the University of Pennsylvania's Wharton school, which tied for third place.
To compile their rankings, U.S. News obtained data from 142 of the 437 accredited master's programs in the U.S. and sorted them according to academic quality and selectivity and post-grad placement success. In addition to its overall rankings, U.S. News divided the schools into best part-time M.B.A programs and best of specialty areas, including international, entrepreneurship and finance.
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