Embodiments of the invention address deficiencies of the art in respect to load balancing for servers having multiple blades and provide a novel and non-obvious method, system and computer program product for load balancing at the blade level for servers having multiple blades. In one embodiment of the present invention, a blade server for performing load balancing may comprise a plurality of blades, each blade coupled with a plurality of outgoing ports. The blade server may further include a blade management module configured for monitoring throughput performance of the server and the plurality of blades, wherein each blade is coupled with a plurality of outgoing ports, instructing a blade to switch from a first outgoing port to a second outgoing port when throughput performance decreases and instructing the blade to switch from the second outgoing port back to the first outgoing port when throughput performance increases.