Stanford tops Harvard in business school rankings

Stanford University Graduate School of Business at Knight Management Center
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Don't look to the Ivy League for America's best business program, according to a new report.

Stanford University beat out Harvard University and the University of Pennsylvania to take the top spot in U.S. News and World Report's 2016 business school rankings. The three schools had previously tied for the best full-time MBA program.

Here are U.S. News and World Report's top business schools:

1. Stanford University
2. Harvard University
3. University of Pennsylvania
4. University of Chicago
5. Massachusetts Institute of Technology
6. Northwestern University
7. University of California—Berkeley
8. Columbia University
9. Dartmouth College
10. University of Virginia

In other categories, Penn was rated the best nursing school, while Harvard took the top spot among medical research programs.

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Yale University was ranked the best law school.

Read U.S. News and World Report's full graduate school rankings here.