Briefly: SOM drops in BusinessWeek rankings

The Yale School of Management plunged five places to No. 24 in the latest edition of BusinessWeek’s biennial ranking of business schools in the country, which will hit newsstands Monday. Harvard Business School leapt two spots to No. 2, and The University of Chicago Booth School of Business retained its hold on the top spot. BusinessWeek reported that although current students face a bleak job market due to the global financial crisis, many business schools have posted double-digit increases in applications for 2009. First published in 1988, the rankings are based on surveys of recent MBA graduates, polls of corporate recruiters and an evaluation of faculty research output. SOM’s drop in the rankings comes less than two weeks after Dean Joel Podolny stepped down from his post on Nov. 1.

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