Weights for ranking criteria are shown in brackets as a percentage of the overall ranking.

Audit year: indicates the most recent year that KPMG audited the school, applying specified audit procedures relating to data submitted to the FT.

Salary today: average alumnus salary three years after graduation, US$ PPP equivalent (see Methodology). This figure is not used in the ranking.†

Weighted salary (20): average alumnus salary three years after graduation, US$ PPP equivalent, with adjustment for variations between sectors.†

Salary increase (20): 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.

Value for money (3): calculated using salary today, course length, fees and other costs, including income lost during MBA.

Career progress (3): calculated according to changes in the level of seniority and the size of company alumni are working in now, versus before MBA.†

Aims achieved (3): the extent to which alumni fulfilled their stated goals or reasons for doing an MBA.†

Placement success (2): effectiveness of the careers service in supporting student recruitment, as rated by alumni.†

Employed at three months (2): percentage of the most recent graduating class who 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 data.

Alumni recommend (2): calculated according to alumni’s choice of three schools from which they would recruit.†

Female faculty (2): percentage of female faculty. For the three gender-related criteria, schools with a 50:50 (male/female) composition receive the highest possible score.

Female students (2): percentage of female students on the full-time MBA.

Female board (1): percentage of female members on the school advisory board.

International faculty (4): calculated according to faculty diversity by citizenship and the percentage whose citizenship differs from their country of employment – the figure published in the table.

International students (4): 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.

International board (2): percentage of the board whose citizenship differs from the school’s home country.

International mobility (6): calculated according to whether alumni worked in different countries pre-MBA, on graduation and three years after graduation.

International course experience (3): 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.

Languages (1): number of extra languages required on graduation.

Faculty with doctorates (5): percentage of full-time faculty with doctorates.

FT doctoral rank (5): calculated according to the number of doctoral graduates from each business school during the past three years. Additional points are awarded if these doctoral graduates took up faculty positions at one of the top 50 full-time MBA schools of 2012.

FT research rank (10): calculated according to the number of articles published by a school’s current full-time faculty in 45 selected academic and practitioner journals between January 2010 and October 2012. The rank combines the absolute number of publications with the number weighted relative to the faculty’s size.

† Includes data for the current and one or two preceding years where available.

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