MINNEAPOLIS (AP) -- The University of Minnesota's Carlson School of Management has cracked the nation's top 25 graduate business schools in the annual rankings published by U.S. News & World Report magazine.
It's the school's highest ranking ever, jumping from 30th last year to 24th. Carlson School tied with graduate business schools at Georgetown, Michigan State and Ohio State.
Stanford University, Harvard University and the University of Pennsylvania's Wharton School were ranked by the magazine as the nation's top three graduate business schools.
The Carlson School boosted its ranking because of higher Graduate Management Admission Test scores and rising grade point averages among incoming students, a high academic reputation among peers and a $10,000 increase in starting salaries of graduates, to an average near $91,000 a year.
Carlson School has about 3,500 students, 124 full-time faculty and 273 staff members.
Dean Larry Benveniste said the latest rankings serve as "a launching pad for greater things in the future."
Besides attracting top-quality students and faculty, Benveniste said he wants to see the school extend its regional and national reach.
For its rankings, U.S. News surveyed all 352 accredited U.S. master's programs in business. Business school deans and directors were asked to rate programs, as were corporate recruiters.
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