<p>@Cue7. I agree with rhg3rd that in the late 70s to the late 80s the business and law school were riding very high due to the popularity of supply-side economics/Friedman/Reagan. That was when everyone and his mother wanted to become an investment banker/arbitrage lawyer and hardly anyone “smart” wanted to go into medicine. Moreover, when I attended Chicago as an undergrad in the early 80s it was ranked top 3 when everything back then was based on “academic” prestige…before USNews even came out with its “rankings”.</p>