U.S. News surveyed deans and senior faculty at each undergraduate business program accredited by the Association to Advance Collegiate Schools of Business. Business school deans and faculty (two at each business program) were surveyed in spring 2008. Participants were asked to rate the quality of all programs they are familiar with on a scale of 1 (marginal) to 5 (distinguished). The undergraduate business school rankings are based solely on this peer survey; 38 percent of those surveyed responded. We also asked for nominations of the best programs in specialty areas; those receiving the most mentions in each area appear here. Schools offering any courses in a specialty are eligible to be ranked in that specialty.