Stanford University in California takes the top spot in U.S. News and World Report's list of best business schools in the United States.

The Graduate School of Business at Stanford has an enrollment of 825.It offers these departments and concentrations: accounting, e-commerce, economics, entrepreneurship, finance, general management, health care administration, human resources management, leadership, manufacturing and technology management, marketing, not-for-profit management, production/operations management, organizational behavior, portfolio management, public administration, public policy, real estate, sports business, supply chain management/logistics, quantitative analysis/statistics and operations research, and technology.

Its tuition and fees for the 2014-15 school year are $61, 875. At graduation, 73.6 percent of graduates of the full-time program are employed.

For the rankings, the U.S. News took into account the school's academic quality, and the 2014-2015 cost of attendance for a student who received the average level of need-based financial aid. The higher the quality of the program and the lower the cost, the better the deal or value.

Notable alumni of the school include Richard Kovacevich, former chairman and CEO of Wells Fargo & Co.; John Donahoe, president and CEO of eBay; and Ellen Siminoff, founding executive of Yahoo!

Top 10 Best Business Schools

1) Stanford University

2) Harvard University

3) University of Pennsylvania (Wharton)

4) University of Chicago (Booth)

5) Massachusetts Institute of Technology (Sloan)

6) Northwestern University (Kellogg)

7) University of California - Berkeley (Haas)

8) Columbia University 

9) Dartmouth College

10) University of Virginia (Darden)