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&lt;p&gt;London Business School has risen from No. 8 in 1999 to take sole position of the top spot in the latest Financial Times&#39; rankings of the world&#39;s top MBA schools. Last year, LBS shared the No. 1 spot with Wharton; this year, Penn&#39;s business school had to settle for No. 2. According to &lt;i&gt;FT&lt;/i&gt;, the rise of LBS in the rankings &quot;indicates a broader trend: the diminishing dominance of U.S.-based schools over the past decade.&quot; In 1999, 20 of the top 25 schools in the &lt;i&gt;FT&lt;/i&gt; rankings were U.S. institutions compared to only 11 this year.&lt;/p&gt;

Derek Loosvelt

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