Using a conceptual model, this study examines the variables associated with the U.S. News and World Report peer assessment ratings of graduate and professional schools in business, education, engineering, law, and medicine. What are the correlates of prestige among the nation's leading graduate and professional schools, and are they consistent with prior studies of prestige? Not since the studies of the 1995 National Research Council (NRC) data have scholars examined the correlates of prestige for individual graduate programs, and no study has ever extensively examined the U.S. News graduate ratings. Using available data from U.S. News, as well as institutional websites and ISI Web of Science information, this analysis finds robust relationships between the U.S. News graduate school reputation ratings and the model-relevant indicators, especially enrollment size, admissions test scores, and faculty publications per capita.