* KPMG reported on the results of obtaining evidence and applying specified audit procedures relating to selected survey data provided for the Financial Times MBA ranking for selected business schools. Enquiries about the assurance process can be made by contacting Lori Huber of KPMG at [email protected]. The specified audit procedures were carried out between October and November 2024. The audit year refers to the publication year of the ranking for which the specified audit procedures were conducted. The audit year is not used in the ranking calculation.   

** Data in this column is for information only and is not used in the rankings.   

† No data available from the school for this category   

‡ School has no board   

†† ESG category is based on core modules taken by 100 per cent of the recent cohort that completed the programme. The school does not have such core modules as it offers a flexible MBA where students can choose a range of courses, including those with ESG topics, therefore the school is unable to rank higher in this category. 

All the MBAs in the ranking are of high quality. Some 148 points separate the top programme from the school ranked 100. The schools are divided into four tiers. Business schools in tiers l and ll score above the average for the cohort, and tiers lll and lV are below it. The difference in scores between schools ranked consecutively is greater within tiers l and lV than in tiers ll and lll. Tier l includes eight schools from University of Pennsylvania: Wharton to Esade Business   School. Tier ll includes schools from HEC Paris, in 9th position, to University of Florida: Warrington in 48th. Tier lll, headed by Carnegie Mellon: Tepper, spans schools ranked 49th to joint 86th, Indian Institute of   Management Kozhikode. Tier lV includes schools from Grenoble Ecole de Management at 89 to Eada Business School Barcelona at 100.