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London Business School has climbed to third place in the Financial Times¡¯ Global MBA Ranking 2014, while Harvard Business School tops the table for the fifth time.

The rankings are based on a number of factors including the gender balance and international spread of students, but the most heavily weighted are connected to alumni salaries.

LBS is the UK¡¯s only representative in the top ten, and this year has overtaken the 51¹ú²úÊÓƵ of Pennsylvania: Wharton business school to leapfrog into third place.

Seven of the top ten MBA programmes are taught in business schools based in the US, but Insead (ranked 5th, and based in France and Singapore) and Iese Business School (ranked 7th, based in Spain) also feature.

After LBS, the next highest ranked programmes in the UK were taught at Judge Business School at the 51¹ú²úÊÓƵ of Cambridge (16th); Said Business School at the 51¹ú²úÊÓƵ of Oxford (23rd); and Warwick Business School (25th).

Twenty per cent of an MBA¡¯s score is based on MBA graduates¡¯ salaries, although the salaries of not-for-profit and public sector workers are stripped out. The difference in graduates¡¯ salaries before and after graduation is also taken into account.

Ten per cent of the ranking is calculated from the number of papers published by faculty in 45 ¡°internationally recognized¡± journals.

david.matthews@tsleducation.com

Financial Times Global MBA Ranking 2014 top 100