The FT's European business school rankings 2014 place Madrid´s IE Business School third in Europe, closely followed by Barcelona´s ESADE Business School at number four while the University of Navarre´s IESE Business School clinched seventh spot.
Despite falling from the top spot to third place in the latest Financial Times rankings, IE Business School expressed its delight at, once again, featuring so highly in the rankings.
"We are very proud to be among the top three business schools in Europe," said Martin Boehm, Dean of Programs of IE Business School, in a statement on the school´s website. "This result clearly reflects our excellent performance across the entire portfolio of programs at IE Business School."
The FT’s European Business Schools ranking rates schools rather than their programmes.
These rankings are based on indexed scores of the schools taking part in other FT rankings including the 2014 MBA, EMBA, masters in management, and open and custom executive education tables.
To come up with rankings, survey makers evaluated how international institutions are, how quickly graduates climb the professional ladder and the level of satisfaction students and businesses have with programmes on offer.
The FT rankings also measure graduates' salaries. These show that the average salary for graduates of IE Business School's MBA for 2014 is $146,933 (€117,763), while the average for graduates of ESADE’s MBA is $120,718 (€96,690). Graduates of IESE Business School are earning $143,168 (114,672 euros).
Spain´s Masters in Management graduates are the top earners in Europe, alongside the Germans, with students earning on average $70,000 (€56,000) three years after graduation.