Graduate schools of business: Harvard (gasp!) no longer No. 1

3. Massachusetts Institute of Technology

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An aerial view of the Massachusetts Institute of Technology campus in Cambridge, Mass., is shown in this 2009 file photo. MIT's business school came in third place in this year's US News ranking.

Students at MIT’s Sloan School of Management enrolls 797 students and has a tuition of $50, 353. The school is ranked No.1 among all business schools for information systems, production/operations, and supply chain/logistics.

The Sloan school did not rank as well in the Bloomberg Businessweek survey, slipping from No. 9 in 2008 to No. 10 in its 2010 survey. Students praised its collaborative culture. One of its most famous alumni is Benjamin Netanyahu, Israel's prime minister.

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