The top ten business schools, according to the Financial Times, are headed by London Business School and Wharton School at the University of Pennsylvania, ahead of Harvard Business School in the US.
=1. Wharton School, University of Pennsylvania
The world's first collegiate business school, founded in 1881. Ranked top by the FT every year. Has a staff member for every 17 students. Alumni include Warren Buffett, Donald Trump and Terry Leahy, the chief executive of Tesco.
=1. London Business School
Established in 1964. Alumni include The Hon Wong Kan Seng, the Deputy Prime Minister of Singapore, Sir John Sunderland, the chairman of Cadbury Schweppes and David Davis MP.
3. Harvard Business School
Founded in 1908, located across the Charles River from the main Harvard campus in Cambridge, Massachusetts. Alumni include George W. Bush, Michael Bloomberg and Jamie Dimon, chairman and chief executive of JP Morgan Chase.
4. Columbia Business School
Established in 1916 in New York City. Alumni include Warren Buffett, Alexander Haig and Wolfgang Bernhard, the chairman of Volkswagen.
Founded in 1957, has a campus in Fontainebleau and Singapore. Alumni include Lindsay Owen-Jones, the chairman of L'Oréal, Helen Alexander, the chief executive of The Economist Group and Philip Hampton the chairman of J Sainsbury.
=6. Stanford University Graduate School of Business
Established in 1925 in California. Faculty contains three Nobel Prize winners. Alumni include Ben Bernanke, the Chairman of the Federal Reserve, Sir Howard Davies, the director of the London School of Economics and John F. Kennedy (who dropped out).
=6. IE Business School, Madrid
Founded in 1973. Alumni include Richard Alden, the chief executive of ONO and vice-president of Cable Europe, Claudio Aguirre, a former chairman and chief executive of Merrill Lynch and Magda Salarich, the chief executive of Santander Consumer Finance.
8. China Europe International Business School
Established in 1994 in Shanghai. The first exclusively Asian-based school to reach the top ten.
9. MIT Sloan School
Founded 1914 at the Massachusetts Institute of Technology. Executive programme shaped by Alfred P. Sloan Jr, a former chairman of General Motors. Alumni include Kofi Annan, Benjamin Netanyahu and Magdalena Barreiro, a former finance minister of Ecuador.
10. New York University Stern School
Established 1900 in Greenwich Village. Students are nicknamed "Sternies." Alumni include Friedrich Hayek, Alan Greenspan and Niall Ferguson.