| 2005 Rank | 2004 Rank | University (Business School) |
| 1 | 1 | Purdue University (Krannert) |
| 2 | 8 | Michigan State University (Broad) |
| 3 | 3 | Ohio State University (Fisher) |
| 4 | 10 | Thunderbird (Garvin) |
| 5 | 11 | IPADE |
| 6 | 5 | Brigham Young University (Marriott) |
| 7 | 17 | Wake Forest University (Babcock) |
| 8 | 9 | University of Denver (Daniels) |
| 9 | 7 | Tecnologico de Monterrey |
| 10 | 16 | University of Miami |
| 11 | 13 | Indiana University (Kelley) |
| 12 | 19 | Emory University (Goizueta |
| 13 | 15 | University at Buffalo, SUNY |
| 14 | -- | Fordham Universit |
| 15 | 4 | University of Maryland (Smith) |
| 16 | -- | University of Iowa (Tippie) |
| 17 | 20 | University of Rochester (Simon) |
| 18 | 6 | Texas Christian University (Neeley) |
| 19 | 25 | College of William and Mary |
| 20 | 14 | Southern Methodist University (Cox) |
| 21 | 2 | Vanderbilt University (Owen) |
| 22 | 24 | Rice University (Jones) |
| 23 | 12 | University of Tennessee, Knoxvill |
| 24 | -- | University of Arizona (Eller) |
| 25 | 18 | Washington University (Olin) |
| 26 | 30 | University of Utah (Eccles) |
| 27 | 21 | University of Florida (Warrington) |
| 28 | 31 | Texas A&M University (Mays) |
| 29 | 27 | University of Notre Dame (Mendoza) |
| 30 | 38 | University of Georgia (Terry) |
| 31 | 37 | George Washington University |
| 32 | 32 | University of Minnesota (Carlson) |
| 33 | 26 | Pennsylvania State University (Smeal) |
| 34 | 33 | University of Wisconsin, Madison |
| 35 | -- | University of Texas, Austin (McCombs) |
| 36 | 29 | University of Washington |
| 37 | 22 | University of Pittsburgh (Katz) |
| 38 | 36 | Georgetown University (McDonough) |
| 39 | 34 | University of California, Irvine (Merage) |
| 40 | 41 | Arizona State University (Carey) |
| 41 | 39 | Boston University |
| 42 | 40 | University of Illinois, Urbana-Champaign |
| 43 | 35 | University of Western Ontario (Ivey) |
| 44 | -- | University of California, Davis |
| 45 | -- | Georgia Institute of Technology |
| 46 | 43 | York University (Schulich) |
| 47 | -- | University of Colorado, Boulder (Leeds) |