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Global MBA Rankings 2017

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Global MBA Ranking 2017Every year, the FT ranks the world’s best MBA programmes using multiple criteria. Use the interactive table below to compare schools.

	Rank in 2017	Rank in 2016	Rank in 2015	3 yr. rank	School name	Country	Audit year^[1]	Salary today($)^[2]	Weighted salary($)^[3]	Salary increase(%)^[4]	Value^[5]	Careers^[6]	Aims achieved (%)	Careers service rank	Employment^[7]	Recommends^[8]	Female faculty(%)^[9]	Female students(%)^[10]	Female board(%)^[11]	Int. faculty(%)^[12]	Int. students(%)^[13]	Int. board(%)^[14]	Int. mobility^[15]	Int. course^[16]	Languages^[17]	PhD Faculty^[18]	PhD graduates No. (%)	Research^[19]
	1	1	4	21	Insead	France / Singapore	20150	167,3051,137	167,6571,147	951	111	305	851	58	82 (97)1	60	170	300	251	941	961	854	30	61	20	970	39 (41)	51
	2	5	4	40	Stanford Graduate School of Business	US	20150	193,5348,360	195,3229,383	936	749	12	850	19	82 (99)4	20	241	411	300	381	404	216	664	183	00	903	47 (32)	59
	3	4	3	31	University of Pennsylvania: Wharton	US	20130	180,5123,225	181,6343,757	928	994	248	851	22	95 (92)1	40	200	441	170	361	342	491	405	551	00	991	96 (29)	10
	4	2	1	21	Harvard Business School	US	20130	177,5415,266	178,1135,612	973	875	103	861	24	91 (100)0	10	280	431	481	371	351	270	521	4215	00	892	71 (32)	31
	5	10	13	94	University of Cambridge: Judge	UK	20175	164,7147,797	164,4628,139	10712	13	1812	893	7	89 (88)0	432	216	335	3311	779	920	386	134	2929	00	982	41 (10)	215
	6	3	2	41	London Business School	UK	20150	155,183353	154,567417	928	8412	54	881	30	94 (99)1	50	234	352	386	851	921	738	84	147	10	1000	35 (17)	127
	7	6	6	60	Columbia Business School	US	20140	172,6782,999	172,6242,758	1034	911	4018	862	12	92 (90)0	80	190	382	131	581	536	340	451	746	00	951	56 (29)	76
	8	12	12	111	IE Business School	Spain	20140	168,9208,261	168,9239,657	1084	241	41	852	61	89 (88)3	261	391	312	460	632	922	840	281	368	10	980	14 (0)	686
	9	8	9	90	University of Chicago: Booth	US	20175	171,0949,912	168,2009,941	1103	804	2217	861	1	95 (99)0	90	161	420	131	371	464	403	565	758	00	971	62 (18)	126
	10	16	7	111	Iese Business School	Spain	20140	146,1086,394	147,5967,411	13312	854	122	850	52	92 (94)1	200	266	280	327	636	811	904	113	52	10	1000	19 (5)	4911
	11	17	11	132	Ceibs	China	20140	156,02311,139	159,87012,154	1552	392	263	821	57	93 (99)0	350	183	458	179	682	284	500	320	246	00	1002	0 (0)	776
	12	11	14	121	Northwestern University: Kellogg	US	20140	165,0383,183	164,3261,403	963	923	1310	872	16	95 (100)1	70	245	412	211	404	431	313	655	252	00	1000	64 (27)	173
	13	9	8	102	MIT: Sloan	US	20140	165,3656,629	165,7165,807	882	982	198	863	46	92 (99)0	30	183	401	151	401	471	552	486	310	00	991	40 (42)	71
	13	7	10	101	University of California at Berkeley: Haas	US	20175	167,458231	168,1631,232	941	723	259	872	14	90 (100)4	100	211	383	203	538	441	76	475	407	00	1000	33 (33)	121
	15	14	14	140	HKUST Business School	China	20160	149,4966,350	149,5385,235	10311	103	3819	840	91	90 (93)2	392	221	304	292	590	722	450	101	124	10	934	51 (6)	384
	15	18	17	172	Yale School of Management	US	20130	159,1494,885	158,2065,974	1102	791	277	861	40	90 (99)2	160	294	433	211	441	462	467	545	471	00	1000	21 (24)	3815
	17	23	19	201	Esade Business School	Spain	20140	144,76813,962	146,12714,008	1161	622	213	851	50	86 (96)3	310	372	321	137	411	941	870	1811	131	10	920	44 (0)	854
	18	22	23	211	Dartmouth College: Tuck	US	20130	166,7229,177	165,4148,762	10510	883	4512	861	8	96 (100)1	130	221	442	183	283	390	411	514	5722	00	8812	0 (0)	334
	19	19	18	191	New York University: Stern	US	20140	151,0671,749	150,859349	1025	953	2018	862	5	92 (97)3	140	253	350	201	467	315	208	783	531	00	8614	57 (18)	21
	20	15	16	170	HEC Paris	France	20140	132,1881,113	132,0732,226	999	359	3710	851	79	91 (90)0	241	181	335	130	701	933	670	60	31	10	1000	39 (21)	291
	21	13	20	183	IMD	Switzerland	20150	156,648788	154,5112,928	812	83	3118	871	48	79 (100)8	170	140	1911	185	950	973	892	10	85	10	1000	0 (0)	912
	22	25	26	243	SDA Bocconi	Italy	20140	129,0645,804	129,0646,109	1204	302	4238	822	60	86 (91)1	532	381	366	250	311	771	670	56	100	00	961	45 (4)	381
	23	20	24	220	University of Michigan: Ross	US	20140	151,9413,885	149,7284,767	1052	784	7516	872	13	92 (87)0	120	251	408	173	394	314	90	672	506	00	951	45 (22)	104
	24	21	21	222	Duke University: Fuqua	US	20175	149,7385,889	150,2125,757	962	961	447	862	26	92 (99)2	110	192	342	161	421	451	533	582	5618	00	991	46 (22)	102
	24	29	40	315	Nanyang Business School	Singapore	20160	126,2187,186	126,2187,186	13833	2612	6429	772	85	100 (100)8	680	350	407	304	672	892	602	150	4839	00	990	38 (3)	567
	26	32	31	302	National University of Singapore Business School	Singapore	20160	133,15216,010	131,76016,612	13615	336	671	822	86	96 (95)6	401	311	319	122	590	931	389	95	210	00	911	40 (5)	589
	27	31	28	290	Cornell University: Johnson	US	20175	151,1036,889	150,5317,767	11513	717	3432	863	11	90 (97)2	251	253	315	232	424	424	333	874	496	00	931	19 (5)	170
	27	29	33	303	Indian School of Business	India	20150	145,1007,165	145,4536,999	16018	516	322	822	54	93 (99)3	271	224	312	60	221	10	611	570	883	00	1000	2 (0)	611
	29	24	26	261	Indian Institute of Management Ahmedabad	India	20150	182,7367,590	181,8637,589	1059	360	32	791	92	91 (100)7	150	181	223	00	30	13	00	438	337	00	1000	36 (0)	953
	30	38	35	345	Alliance Manchester Business School	UK	20150	128,4369,158	130,53512,617	10812	4310	164	831	51	76 (100)4	551	374	332	457	434	890	5540	243	224	00	890	227 (1)	6810
	31	42	45	393	Rotterdam School of Management, Erasmus University	Netherlands	20160	121,77612,767	120,62512,627	9817	146	3518	842	71	87 (98)4	468	231	370	295	503	962	331	72	5910	10	1000	78 (8)	242
	32	34	25	302	UCLA: Anderson	US	20175	147,7788,304	149,6089,541	989	7711	4920	852	6	88 (98)1	220	220	322	201	380	386	131	7311	834	00	1000	26 (31)	244
	33	28	22	284	University of Oxford: Saïd	UK	20130	140,5521,802	139,2352,276	876	223	1113	883	41	86 (81)4	363	182	310	4314	582	951	5714	163	510	00	1000	23 (13)	582
	34	39	55	4314	Shanghai Jiao Tong University: Antai	China	20140	123,3309,990	123,3309,990	1724	312	2326	804	17	100 (97)0	853	301	432	134	30	201	329	1000	279	00	921	147 (0)	882
	35	27	32	312	University of Virginia: Darden	US	20140	148,3361,919	148,3581,254	1112	818	475	861	10	90 (100)5	180	261	383	295	200	335	93	642	649	00	970	3 (0)	490
	36	26	30	31	CUHK Business School	China	20160	121,1933,075	121,1933,075	1191	384	1513	812	72	82 (92)9	786	231	409	332	551	5413	672	253	1915	00	980	31 (6)	485
	37	37	45	401	City University: Cass	UK	20175	127,1105,708	127,1105,708	853	280	2811	840	69	83 (93)13	611	254	364	5816	701	783	6717	274	461	00	943	41 (15)	3817
	38	33	36	362	Carnegie Mellon: Tepper	US	20140	137,0681,352	136,576420	1044	9011	5816	851	3	85 (100)4	230	211	282	154	411	410	56	726	677	00	922	46 (11)	334
	39	44	28	373	University of Hong Kong	China	20130	123,54611,028	123,54611,028	1093	495	638	841	44	80 (96)8	691	271	360	200	373	733	400	224	71	00	960	43 (5)	689
	40	44	42	421	Georgetown University: McDonough	US	20150	135,9504,506	135,7114,761	10510	945	623	850	39	90 (94)4	340	253	343	193	403	375	181	6215	722	00	1000	0 (0)	291
	41	49	51	476	University of Washington: Foster	US	20150	130,0429,763	130,0429,763	9710	585	841	851	29	98 (100)2	592	320	4310	211	241	428	62	911	9010	00	912	32 (19)	79
	42	35	50	4212	Lancaster University Management School	UK	20130	114,2207,582	114,2207,582	10110	60	4812	850	45	86 (92)4	876	322	474	437	543	980	5014	415	322	00	951	96 (1)	7711
	43	41	39	413	University of North Carolina: Kenan-Flagler	US	20160	130,9103,277	131,2503,010	1058	834	655	841	18	90 (100)4	290	261	300	221	370	331	1311	956	6314	00	850	30 (13)	159
	44	46	38	437	Warwick Business School	UK	20150	112,702415	112,702415	744	204	435	790	49	96 (100)1	502	331	248	220	791	850	220	290	2813	10	1000	75 (5)	2914
	45	35	34	381	Imperial College Business School	UK	20130	112,865564	112,865564	7211	376	414	831	81	92 (92)1	463	311	3510	405	933	880	673	232	3036	00	1000	46 (2)	381
	46	47	40	442	University of Texas at Austin: McCombs	US	20150	138,5705,330	137,9443,627	953	732	793	810	25	89 (100)2	190	242	375	144	301	272	20	861	549	00	842	44 (5)	211
	47	54	62	540	Indiana University: Kelley	US	20175	124,8225,696	127,3467,376	1030	680	915	851	2	94 (99)5	320	251	301	221	282	371	242	8016	650	00	781	43 (12)	246
	48	52	58	535	University of Southern California: Marshall	US	20150	135,9165,910	135,1996,417	958	974	687	831	38	92 (95)11	411	310	322	121	362	325	28	846	7713	00	830	33 (21)	3310
	49	56	68	58	Macquarie Graduate School of Management	Australia	20160	131,4884,752	131,4884,752	7517	298	174	822	99	92 (100)1	922	304	268	500	614	985	750	3010	6915	00	1000	42 (0)	857
	49	62	82	647	Indian Institute of Management Bangalore	India	20150	152,00014,706	152,00014,706	9612	601	2111	773	80	93 (97)7	210	231	1412	316	44	00	84	537	345	00	1000	45 (2)	952
	51	55	59	553	Emory University: Goizueta	US	20150	134,3706,370	134,3706,432	10414	6115	5914	841	31	93 (99)1	380	293	2410	143	203	362	03	8813	731	00	900	18 (6)	583
	52	51	49	511	University of Maryland: Smith	US	20150	114,1423,939	114,0314,049	1047	828	4631	842	32	80 (98)1	740	280	354	211	353	381	131	617	911	00	982	42 (21)	212
	53	57	45	523	Cranfield School of Management	UK	20130	125,1067,146	123,7737,169	7713	913	3635	821	68	92 (93)2	578	324	281	173	572	759	3910	2614	4113	10	941	52 (4)	912
	54	49	55	534	Mannheim Business School	Germany	20140	113,8294,207	113,8294,207	736	156	5622	874	64	98 (95)5	663	281	328	200	113	836	200	412	5223	00	1000	100 (2)	776
	54	69	59	613	Sungkyunkwan University GSB	South Korea	20130	114,4797,117	114,4797,117	9616	3211	398	784	21	95 (96)3	1000	150	251	5324	6510	325	801	4914	202	00	1000	0 (0)	4922
	54	66	75	653	AGSM at UNSW Business School	Australia	20160	121,79412,521	121,79412,521	610	481	8217	812	87	84 (86)1	643	447	3311	5027	729	7915	509	200	173	00	1000	56 (0)	2428
	57	-	76	-	Arizona State University: Carey	US	2015	113,707	113,707	115	47	77	83	23	95 (100)	51	24	43	9	31	34	2	81	98	0	90	50 (6)	45
	58	65	54	592	Michigan State University: Broad	US	20140	106,5172,845	106,5172,845	1244	500	992	831	27	96 (99)5	460	363	382	326	260	4910	00	776	991	00	967	40 (5)	457
	59	60	67	6210	University of St Gallen	Switzerland	20130	119,8616,921	119,8616,921	666	191	5716	840	34	86 (86)7	673	155	3111	500	801	988	500	20	3713	10	1000	11 (0)	682
	60	76	89	75	University of Notre Dame: Mendoza	US	20160	128,2227,048	127,9957,274	11720	593	5425	851	37	90 (98)3	650	233	1812	140	163	325	70	990	761	00	841	0 (0)	388
	61	71	65	663	Georgia Institute of Technology: Scheller	US	20175	123,6514,751	123,6514,751	11321	406	952	840	4	95 (100)1	613	211	258	190	3410	311	44	899	9418	00	764	28 (4)	385
	62	57	43	545	University of California at Irvine: Merage	US	20160	114,7481,650	114,7481,650	1064	769	7022	844	9	91 (100)2	868	471	276	3313	199	541	83	6313	978	00	941	22 (0)	561
	63	75	69	692	Ohio State University: Fisher	US	20150	114,1203,991	114,1203,991	1088	466	8016	852	43	93 (94)3	603	261	274	170	271	361	40	799	787	00	812	22 (23)	203
	64	53	43	539	Rice University: Jones	US	20140	128,9206,577	130,8524,645	973	641	946	830	28	81 (99)10	461	301	2510	181	183	4011	00	716	8018	00	933	10 (10)	493
	65	80	-	-	Brigham Young University: Marriott	US	20150	127,4204,010	127,4203,765	1200	171	725	853	59	88 (100)4	421	123	201	71	10	220	40	941	8213	00	900	0 (0)	665
	65	60	53	594	University of Toronto: Rotman	Canada	20150	98,0761,207	101,2704,623	835	1000	878	801	84	80 (96)4	280	230	342	550	741	6613	270	333	6213	00	980	42 (29)	30
	65	68	70	685	Wisconsin School of Business	US	20140	117,7815,747	117,2846,539	1083	252	861	862	15	88 (100)2	545	263	419	385	261	221	175	984	810	00	795	29 (3)	493
	68	80	72	731	Washington University: Olin	US	20150	114,7811,847	115,3491,219	10525	7024	602	802	70	96 (98)1	750	221	2515	131	351	394	10	703	951	00	951	24 (4)	2410
	69	-	48	-	Purdue University: Krannert	US	2015	114,732	114,732	113	52	52	80	42	82 (99)	71	21	30	22	35	42	3	82	60	0	98	35 (6)	66
	70	-	-	-	Rutgers Business School	US	-	108,479	108,479	130	54	83	82	53	94 (87)	77	22	37	18	20	37	3	74	68	0	81	84 (1)	68
	70	40	36	496	The Lisbon MBA	Portugal	20140	118,4425,142	118,4425,142	8812	1816	3313	784	83	81 (100)1	873	324	382	500	342	5121	500	4411	22	10	1003	12 (4)	951
	70	64	63	666	ESMT Berlin	Germany	20160	108,3601,126	108,3601,126	686	21	7117	840	73	82 (96)2	812	191	245	338	782	979	175	1412	162	00	1000	1 (0)	4917
	70	79	73	747	University College Dublin: Smurfit	Ireland	20175	113,0945,909	113,0945,909	712	164	663	824	63	88 (92)3	980	397	4413	247	511	725	651	3415	6619	00	1000	30 (3)	6810
	74	84	-	-	Edhec Business School	France	2017	113,5026,741	113,5026,741	7711	30	514	823	76	78 (85)2	813	370	324	358	468	915	822	212	237	00	903	26 (8)	882
	75	66	79	738	Durham University Business School	UK	20175	104,3216,292	104,3216,292	752	77	507	792	96	89 (97)3	849	394	409	323	626	932	427	421	5816	10	962	102 (2)	771
	76	87	90	842	Melbourne Business School	Australia	20160	100,5985,242	100,3194,963	819	2710	883	821	78	91 (95)2	7212	312	3712	294	690	831	241	122	3511	00	960	45 (2)	611
	77	-	96	-	University of South Carolina: Moore	US	2016	106,404	106,404	115	86	85	82	100	76 (100)	97	31	52	23	32	21	0	38	1	1	83	26 (4)	49
	77	86	85	838	University of Rochester: Simon	US	20160	115,7256,832	115,7946,038	11816	6521	7312	823	62	95 (90)1	947	203	3410	101	345	676	152	3713	7111	00	777	16 (25)	8317
	79	71	61	706	Vanderbilt University: Owen	US	20140	121,8931,456	122,4421,211	961	6710	5517	862	20	94 (97)2	527	192	304	121	190	3110	63	961	924	00	1000	2 (0)	6822
	80	63	80	742	University of Strathclyde Business School	UK	20150	98,1051,345	98,1051,345	954	43	2911	842	75	97 (89)0	992	371	4011	350	493	861	470	313	433	00	793	67 (1)	940
	80	69	90	800	Boston College: Carroll	US	20140	116,4333,105	116,4333,105	904	754	7814	851	67	88 (100)0	451	361	341	80	229	408	00	850	963	00	854	18 (6)	1720
	82	71	78	772	Boston University: Questrom	US	20130	119,7061,070	119,7061,070	1011	631	8111	851	89	90 (97)3	564	351	435	103	271	306	702	6917	861	00	700	21 (0)	616
	83	91	71	8213	University of Illinois at Urbana-Champaign	US	20150	105,4301,622	105,4301,622	10710	552	7613	864	66	93 (100)1	760	251	198	250	203	2316	40	762	708	00	882	42 (7)	4511
	84	94	63	80	University of Iowa: Tippie	US	20120	103,916858	103,916858	13017	232	982	841	33	80 (100)18	901	232	197	238	304	408	84	908	6125	00	835	41 (2)	686
	85	98	97	931	University of Pittsburgh: Katz	US	20150	104,2746,377	104,2746,377	11914	535	933	812	55	89 (98)2	891	291	312	110	172	446	40	508	931	00	902	21 (10)	616
	86	78	90	854	George Washington University	US	20160	114,3402,049	114,3402,049	971	894	894	832	82	73 (92)20	737	323	411	134	402	4313	82	6012	4417	00	963	25 (4)	8110
	87	90	73	833	Babson College: Olin	US	20130	121,1302,663	121,3122,854	893	693	80	821	74	80 (88)6	300	334	331	226	163	8215	122	559	892	00	840	0 (0)	851
	88	71	83	8112	University of Minnesota: Carlson	US	20140	117,5673,163	117,5673,163	883	6619	9716	843	36	94 (98)2	631	301	323	334	251	165	94	9213	8414	00	791	34 (9)	3316
	89	83	-	-	Incae Business School	Costa Rica	20175	89,0711,475	90,584682	1423	56	77	771	77	60 (85)4	814	90	322	160	484	764	6310	462	110	01	932	0 (0)	980
	89	89	86	889	Pennsylvania State University: Smeal	US	20175	109,7994,198	109,7994,198	987	444	1002	844	47	89 (100)3	585	230	303	195	220	376	00	7519	857	00	821	34 (9)	290
	91	98	-	-	University of Edinburgh Business School	UK	20150	102,8043,660	102,8043,660	671	344	1426	770	97	81 (91)0	932	413	492	394	603	777	398	3512	1510	00	932	65 (2)	824
	92	94	-	-	Grenoble Ecole de Management	France	2017	101,5967,916	101,5967,916	764	565	6111	772	98	87 (69)1	953	432	384	533	461	964	533	177	269	00	842	137 (1)	912
	93	-	-	-	University of Texas at Dallas: Jindal	US	-	96,900	96,900	109	13	90	78	65	92 (100)	91	28	22	12	57	40	2	93	99	0	77	40 (0)	15
	94	88	97	932	Western University: Ivey	Canada	20130	98,4021,319	99,1421,067	743	420	748	842	35	82 (100)7	371	231	265	500	630	4211	750	598	458	00	990	27 (11)	337
	95	-	-	-	Indian Institute of Management Calcutta	India	-	131,519	131,519	93	45	9	76	90	100 (98)	33	23	15	7	1	0	0	83	38	0	99	25 (4)	98
	95	-	-	-	Temple University: Fox	US	2017	98,464	98,464	103	93	96	82	93	100 (100)	95	36	55	22	34	32	46	68	38	0	80	75 (7)	68
	97	80	-	-	Ipade Business School	Mexico	20175	100,9242,582	102,0933,751	18010	572	62	781	56	89 (100)4	694	62	232	2013	243	87	020	972	43	10	413	0 (0)	1001
	97	92	95	95	Birmingham Business School	UK	20175	99,7653,579	99,7653,579	809	216	539	761	95	93 (85)1	791	364	375	550	451	946	505	391	874	00	931	69 (0)	886
	99	-	94	-	Vlerick Business School	Belgium	2016	97,960	97,960	72	12	69	80	94	62 (100)	79	31	45	17	24	77	92	19	9	0	95	18 (6)	83
	100	93	86	93	Queen's University: Smith	Canada	20150	93,7281,284	93,102659	850	416	922	811	88	78 (100)6	447	310	365	240	501	6012	440	361	7911	00	992	27 (4)	6115
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Table notesAlthough the headline ranking figures show changes in the data year to year, the pattern of clustering among the schools is equally significant. Some 170 points separate the top programme, Insead, from the school ranked number 100. The top 16 participants, down to Yale School of Management, form the top group of MBA providers. The second group, headed by Esade Business School, spans schools ranked 16 to 42. Differences between schools are relatively small within this group. The 40 Schools within the third group headed by University of North Carolina: Kenan-Flagler are similarly close together. The remaining 18 schools headed by University of Illinois at Urbana-Champaign make up the fourth group.

Footnotes

1. Indicates the most recent year that KPMG audited a business school, applying specified audit procedures relating to selected data provided for the Financial Times MBA ranking.

2. The average alumni salary three years after graduation, US$ PPP equivalent. (The 2017 ranking surveyed the MBA class that graduated in 2013). Includes data for the current year and the one or two preceding years where available. This figure is not used in the ranking.

3. The average alumnus salary three years after graduation, US$ PPP equivalent, with adjustment for variations between sectors. Includes data for the current year and the one or two preceding years where available.

4. The average difference in alumnus salary before the MBA to now. Half of this figure is calculated according to the absolute salary increase, and half according to the percentage increase relative to pre-MBA salary – the “salary percentage increase” figure published in the table.

5. This is calculated using the salary earned by alumni today, course length, fees and other costs, including the opportunity cost of not working for the duration of the course.

6. This is calculated according to changes in the level of seniority and the size of company alumni are working in now, versus before their MBA. Includes data for the current year and the one or two preceding years where available.

7. The percentage of the most recent graduating class that had found employment or accepted a job offer within three months of graduation. The figure in brackets is the percentage of the class for which the school was able to provide employment data.

8. This is calculated according to selection by alumni of three schools from which they would recruit MBA graduates. Includes data for the current year and one or two preceding years where available.

9. Percentage of female faculty. For gender-related criteria, schools with a 50:50 (male/female) composition receive the highest score.

10. Percentage of female students on the full-time MBA. For gender-related criteria, schools with a 50:50 (male/female) composition receive the highest score.

11. Percentage of female members on the school's advisory board For gender-related criteria, schools with a 50:50 (male/female) composition receive the highest score.

12. This is calculated according to the diversity of faculty by citizenship and the percentage whose citizenship differs from their country of employment – the figure published in the table.

13. This is calculated according to the diversity of current MBA students by citizenship and the percentage whose citizenship differs from the country in which they study – the figure published in the table.

14. Percentage of the board whose citizenship differs from the country in which the business school is based.

15. This is calculated according to whether alumni worked in different countries pre-MBA, on graduation and three years after graduation.

16. This is calculated according to whether the most recent graduating MBA class completed exchanges, research projects, study tours and company internships in countries other than where the school is based.

17. Number of extra languages required on completion of the MBA. Where a proportion of students requires a further language due to an additional diploma, that figure is included in the calculations but not presented in the final table.

18. Percentage of full-time faculty with a doctoral degree.

19. This is calculated according to the number of articles published by a school’s current full-time faculty members in 50 selected academic and practitioner journals between January 2014 and October 2016. The rank combines the absolute number of publications with the number weighted relative to the faculty’s size.

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