All the EMBAs in the ranking are of high quality. Some 260 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 11 schools from Kellogg/HKUST Business School to UCLA: Anderson/National University of Singapore. Tier ll includes schools from IE Business School, joint 12th, to BI Norwegian Business School/Fudan University School of Management in 46th position. Tier lll, headed by Cornell University: Johnson/Queen's University: Smith, spans schools ranked 47 to joint 91. Tier lV includes schools from University of Tennessee: Haslam in 93rd place to Fordham University: Gabelli at 100.

* Data in this column are for information only and are not used in the rankings. 

** No ESG data available for MIT: Sloan’s current and completing classes and for Emory’s current class.

After the deadline, UCLA Anderson updated figures on the percentage of in-person and virtual credited teaching hours carried out internationally.  These new data have not been included in the table and the overall ranking of business schools has not been recalculated.