Financial Times released its newest business school rankings the other day. While Wharton remains at the top, this year did have some big changes (such as Dartmouth & Yale dropping 6 places each, and MIT jumping 7 places). The Indian School of Business and Hong Kong UST Business School are newcomers to this year’s Top 20, and we bid a farewell this year to UCLA: Anderson, Northwestern University: Kellogg, and University of Michigan: Ross.

Financial Times Top 20 Business Schools
1. University of Pennsylvania: Wharton
2. London Business School
3. Columbia Business School
4. Stanford University GSB
5. Harvard Business School
6. INSEAD
7. MIT: Sloan
8. IE Business School
9. University of Chicago GSB
10. University of Cambridge: Judge
11. Ceibs (China)
11. IESE Business School
13. New York University: Stern
14. IMD
15. Dartmouth College: Tuck
16. Yale School of Management
17. Hong Kong UST Business School
18. HEC Paris
19. University of Oxford: Said
20. Indian School of Business

Also check out: Last Year’s Top Schools

Source: Financial Times 2008 Business School Rankings