The news that Harvard Business School is number one on the 2020 Financial Times MBA ranking may seem like ho-hum news. Afterall, the general perception is that HBS is best, anyway. But since 2000, when the Financial Times began its MBA ranking, Harvard has only captured the top spot six times out of 21 chances. The biggest winner? Wharton with ten overall wins. Wharton, in fact, topped the ranking for the first nine lists, though Wharton shared the limelight twice, once with Harvard in 2005 and twice with London Business School in 2009 and 2011. The dominance of the U.S. MBA programs is striking. European schools have claimed sole possession of the FT ranking in only three years, with INSEAD earning top honors in 2016 and 2017 and London Business School in 2010 .