One year after grabbing the nation’s top spot for its online MBA program by business education news website Poets&Quants, the Indiana University Kelley Direct program fell this year. However, it is still in the top five.

Now in its fifth year, the website’s ranking is based on three core dimensions: quality of incoming students, graduates’ assessment of the MBA experience, and career outcomes.

Poets&Quants says with the increase in online MBA options in the past few years and a growing number of schools participating, the ranking has seen significant changes.

Here are the top five programs:

  1. University of Southern California (Marshall)
  2. Carnegie Mellon University (Tepper)
  3. Santa Clara University (Leavey)
  4. University of Washington (Foster)
  5. Indiana University (Kelley)

Data for the ranking was gathered from both school and alumni surveys. Nearly 7,000 alumni were asked to participate. The school survey asked for a wide variety of data points, including admission standards.

Click here to view the full report and the methodology used.