Georgia Tech is listed 29th (10th among public universities) in the BusinessWeek survey, which only gives numerical rankings to the first tier of 30 schools. Tech is also ranked 23rd for return on investment, and it's the only school besides Harvard with 100 percent of graduate receiving job offers.

Published every other year since 1988, the magazine's MBA rankings are determined by a survey of newly minted MBAs, a poll of corporate recruiters, and an evaluation of faculty research output.

In an online forum announcing the rankings, BusinessWeek associate editor Louise Lavelle explained Georgia Tech's ascension: "One big reason was the student survey. Georgia Tech did better than four other top-ranked schools. The consulting and operations programs are strong. And it doesn't hurt to be located in Atlanta for recruiting purposes."

College of Management Dean Steve Salbu says: "This leap reflects numerous things we have been able to achieve over the past two years: truly remarkable faculty hiring that has attracted top students, an MBA experience that our students rate higher than at many of the world's best b-schools, and our students' very impressive performance in the job market as we focus heightened attention on innovative, first-rate education."
"The Best B-Schools" is featured in the November 24 issue of BusinessWeek, on newsstands November 17.

Georgia Tech College of Management is also ranked 29th (11th among public universities) in U.S. News & World Report's most recent rankings of the nation's top full-time MBA programs.