Graduate schools of business: Harvard (gasp!) no longer No. 1

4. University of Pennsylvania

Sabina Louise Pierce / Freelance / File
Students study at the University of Pennsylvania's Wharton School of Business in this 2000 file photo. Wharton tied as the No. 3 best business school in the country.

The University of Pennsylvania tied for the No. 3 spot. The Wharton School is the oldest business school in the country, and it ranked No. 1 for executive MBA and finance. Students can earn an MBA or PhD, or enroll in a dual MBA/JD or MBA/MA degree. There are 1,687 students enrolled, and tuition is $48,550.

The Wharton school moved up a notch in the Bloomberg Businessweek rankings, but the school (like all the top schools) fell in its student survey as the Great Recession made it hard to find a job. Three months after graduation last year, 13 percent of Wharton's newest alums still hadn’t found a job, more than triple the unemployment rate of its newly minted graduates in 2008. Since then, however, the labor market has begun to recover.

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