Northwestern's Kellogg dropped two places to sixth in the ranking of MBA programs. :
The University of Chicago's Booth School of Business ascended to the top of the U.S. News & World Report ranking of MBA programs for the first time.The school tied with Harvard University's business school for the No. 1 spot and edged out the University of Pennsylvania's Wharton School, which dropped to No. 3 this year, according to a statement from the magazine. Booth ranked third last year.The magazine labels its ranking a year in advance, so this is the 2019 list.