The Financial Times (FT) released its 2016 Global MBA rankings over the weekend, with a few surprises at the top of the list. International powerhouse INSEAD, which shared the number four spot with Stanford Graduate School of Business last year, was named the best MBA program in the world. Last year’s number one program, Harvard Business School, dropped to second place, while London Business School also fell one spot and landed in third place. The latest rankings mark the first time INSEAD has been ranked number one by FT.
Despite some changes in positions, the top ten is largely similar to last year’s list, with only Spain’s IESE Business School dropping out to land in 16th place, making space for Cambridge Judge Business School at number ten. Seven of this year’s top ten schools are located within the United States, two in the United Kingdom, and one has campuses in France, Singapore, and Abu Dhabi.