Bloomberg Businessweek has again ranked the School of Management as one of the nation’s best business schools in its ranking of full-time MBA programs.

The UB School of Management was ranked No. 57 in the biennial ranking and had the sixth-lowest program cost of all the ranked schools.

“With more than 600 accredited MBA programs considered, we are pleased to be in this elite group,” says Arjang A. Assad, dean of the School of Management. “This ranking is a reflection of the success of our efforts to enhance the quality of our academic programs and global reputation by focusing our resources on the recruitment of high-caliber students and top faculty.”

The rankings are based on student satisfaction (45 percent), corporate recruiter satisfaction (45 percent) and an intellectual capital rating (10 percent) based on the number of articles published by each school’s faculty in 20 publications. Bloomberg Businessweek also ranks the top non-U.S. schools.

More than 10,400 MBA graduates from the class of 2012 at 114 schools in North America, Europe and Asia were surveyed. They evaluated their schools for teaching quality, the effectiveness of career services and other aspects of their B-school experience.

A total of 206 recruiters evaluated their top 20 schools according to the perceived quality of graduates and their company’s experience with MBAs past and present. Companies could rate only schools at which they have actively recruited in recent years, on or off campus.

Results from both the student and employer surveys were combined with the 2010 and 2008 rankings, creating a weighted average with 2012 counting as 50 percent and the other two years counting as 25 percent each.