Harvard was already ranked the number one national university this semester, but now the Business School is raking in the accolades.

Bloomberg Businessweek has released their biennial list of best business schools, placing Harvard Business School second on the list. The sole school to top Harvard was no, not MIT Sloan, but the University of Chicago Booth School of Business.

Speaking of Sloan, they were the only other local school to crack the top 10, nabbing the ninth spot.

Bloomberg Businessweek bases their rankings on three elements, according to a press release: “a survey of newly minted MBAs, a poll of corporate recruiters and an evaluation of faculty research output.” Faculty size was taken into account, as well, and an “intellectual-capital rating” was assigned for each school. The MBA and recruiter polls each contributed 45 percent to the final ranking, and the intellectual-capital rating represented the final 10 percent.

Boston University was the city’s next school to make the list, coming in at 39, despite being ranked number one on a Businessweek list of a different variety earlier this week.

Last Friday, the publication asked their Twitter followers: “Which business school has the most attractive female students,” urging readers to vote for either the University of Virginia Darden, the University of Wisconsin, Madison, Michigan State, Loyola University or the city’s own Boston University. After receiving hundreds of responses, largely negative, Businessweek did yank the article.

Other local schools to receive praise included Babson (42), Boston College (47) and Northeastern (51).