| 2011 Rank & School | 2009 Rank | Difference | Grad Poll | Director Poll |
| 1. Chicago (Booth) | 2 | +1 | 10 | 2 |
| 2. Columbia Business School | 4 | +2 | 3 | 5 |
| 3. Northwestern (Kellogg) | 1 | -2 | 11 | 2 |
| 4. IE Business School | 6 | +2 | 1 | 21 |
| 5. UCLA (Anderson) | 8 | +3 | 7 | 6 |
| 6. Michigan (Ross) | 7 | +1 | 4 | 8 |
| 7. SMU (Cox) | 9 | +2 | 2 | 17 |
| 8. USC (Marshall) | 5 | -3 | 5 | 11 |
| 9. Pennsylvania (Wharton) | 3 | -6 | 28 | 1 |
| 10. Duke (Fuqua) | 10 | — | 15 | 4 |
| 11. UNC (Kenan-Flagler) | 11 | — | 9 | 10 |
| 12. IESE | 13 | +1 | 6 | 15 |
| 13. New York (Stern) | 14 | +1 | 12 | 7 |
| 14. Ohio State (Fisher) | 15 | +1 | 8 | 34 |
| 15. Emory (Goizueta) | 12 | -3 | 13 | 16 |
| 16. Thunderbird | 2nd Tier | +10* | 18 | 13 |
| 17. Maryland (Smith) | NR | +1 | 14 | 30 |
| 18. INSEAD | 19 | +1 | 24 | 9 |
| 19. ESADE | 17 | -2 | 16 | 27 |
| 20. Washington Univ. (Olin) | 2nd Tier | +6* | 19 | 18 |
| 21. Cornell (Johnson) | 2nd Tier | +5* | 20 | 18 |
| 22. Georgia (Terry) | NR | — | 17 | 39 |
| 23. Texas-Austin (McCombs) | 2nd Tier | +3* | 21 | 20 |
| 24. Georgetown (McDonough) | 18 | -6 | 22 | 24 |
| 25. London Business School | 24 | -1 | 27 | 12 |
Source: Bloomberg BusinessWeek An asterisk indicates a rise of at least enough places to jump from the second tier into the top 25.
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