SINGAPORE — The National University of Singapore (NUS) Business School’s Master of Business Administration (MBA) programme has risen by one spot to rank 31st in the Financial Times’ (FT) Global MBA Ranking 2015, while the Nanyang Technological University’s Nanyang Business School has fallen by two places to rank 40th.

The ranking is compiled using data collected from the schools and a survey of alumni.

Harvard Business School and London Business School were ranked first and second, respectively. In third place was the University of Pennsylvania: Wharton, followed by Stanford Graduate School of Business and Insead in fourth and fifth spot.

The FT found that alumni of the NUS MBA programme commanded a 127 per cent increase in average annual salaries post-MBA. Some 98 per cent of alumni also reported finding employment within three months of graduation.

Nanyang MBA graduates on average more than doubled their incomes three years after completing the programme. Post-graduate salaries averaged over US$110,600 (S$149,000), up from US$94,700 the previous year. The programme also scored well in offering good value, in consideration of direct and opportunity costs to its participants.

“The NUS MBA’s consistent performance in the FT’s global ranking is welcome news as we celebrate the School’s 50th anniversary this year. Going forward, and in line with our vision to be the leading business school in Asia, we will strive to scale greater heights,” said Associate Professor Susanna Leong, the Vice Dean (Graduate Studies) of NUS Business School.

NTU’s President, Prof Bertil Andersson, said: “The reputation of the Nanyang MBA remains consistently high worldwide, despite the increasingly competitive global environment. Having two universities in the Top 40 of the Financial Times MBA ranking is a remarkable achievement for Singapore. The rankings show that the best business students in the world continue to flock to Singapore for the best education.”