Some 220 points separate the top programme, at the Kellogg/HKUST Business School, from the school ranked 100. The schools are divided into four tiers. Business schools in tiers l and ll score above the average for the cohort, and tiers lll and lV are below it. The difference in scores between schools ranked consecutively is greater within tiers l and lV than in tiers ll and lll. Tier l includes 13 schools from Kellogg/HKUST Business School to London Business School. Tier ll includes schools from UCLA: Anderson/National University of Singapore, ranked 14, to New York University: Stern in 42nd position. Tier lll, headed by Rotterdam School of Management, Erasmus University, spans schools ranked 43 to 78. Tier lV includes schools from Rutgers Business School in joint 79th place to Politecnico di Milano School of Management at 100. * Programme not fully available in English. ** Data in this column are for information only and are not used in the rankings. ‡ After the deadline, Columbia submitted updated figures for female and international participants, which are respectively: 37% and 78% for EMBA-Global Asia: Columbia/HKU/LBS and 28% and 87% for EMBA-Global. These new data have not been included in the table and the overall ranking of business schools has not been recalculated. ‡‡ No data available. This table was amended on October 26 2020 to clarify that Hong Kong is an SAR within China.