Major urban universities in national and regional financial centers such as Philadelphia, Boston, New York and the San Francisco Bay area dominate a new U.S. News and World Report ranking of top undergraduate business programs.

The programs were ranked based on a survey of U.S. business school faculty and deans in spring 2014.

The following are the top 10 schools in ascending order (schools with the same ranking reflect a tie score):

8. University of Texas-Austin (tie)

Location: Austin, Texas
Enrollment: 52,059

8. Indiana University-Bloomington (tie)

Location: Bloomington, Ind.
Enrollment: 46,817

8. Carnegie Mellon University (tie)

Location: Pittsburgh
Enrollment: 12,991

6. University of Virginia (tie)

Location: Charlottesville, Va.
Enrollment: 23,464

6. University of North Carolina-Chapel Hill (tie)

Location: Chapel Hill, N.C.
Enrollment: 29,127

5. New York University

Location: New York
Enrollment: 44,599

4. The University of Michigan-Ann Arbor

Location: Ann Arbor, Mich.
Enrollment: 43.710

2. The University of California-Berkeley (tie)

Location: Berkeley, Calif.
Enrollment: 36,204

2. The Massachusetts Institute of Technology (tie)

Location: Cambridge, Mass.
Enrollment: 11,301

1. The University of Pennsylvania

Location: Philadelphia
Enrollment: 21,358