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Three Singaporean business schools - National University of Singapore (NUS) Business School, Nanyang Technological University's (NTU) Nanyang Business School, and Singapore Management University's (SMU) Lee Kong Chian School of Business - were ranked among the top 50 in the latest Financial Times' (FT) global MBA ranking.

According to the ranking, NUS Business School leaped eight places, to 18 in this year's ranking, up from 26th place last year. While NTU's Nanyang Business School was ranked 22nd this year - up from 24th place in 2017; and SMU's Lee Kong Chian School of Business was the highest new entrant at 49.

Another school with a campus located in Singapore that made it to the top 50 was Insead which ranked 2nd this year - down one place from 2017.

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While the ranking was dominated by business schools from Europe and United States, FT noted that Asian schools also shone in the 2018 ranking, with 14 schools either based in Asia, or having campuses in Asia featured in the top 50.

Asian schools in the top 50 this year are:

Insead 2018 ranking: 2nd 2017 ranking: 1st 2016 ranking: 1st Country: France / Singapore Salary: US$177,157

Ceibs 2018 ranking: 8th 2017 ranking: 11th 2016 ranking: 17th Country: China Salary: US$162,858

HKUST Business School 2018 ranking: 14th 2017 ranking: 15th 2016 ranking: 14th Country: Hong Kong (China) Salary: US$158,119

National University of Singapore Business School 2018 ranking: 18th 2017 ranking: 26th 2016 ranking: 32nd Country: Singapore Salary: US$143,917

Nanyang Technological University's Nanyang Business School 2018 ranking: 22nd 2017 ranking: 24th 2016 ranking: 29th Country: Singapore Salary: US$132,288

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Indian School of Business 2018 ranking: 28th 2017 ranking: 27th 2016 ranking: 29th Country: India Salary: US$148,974

Indian Institute of Management Ahmedabad 2018 ranking: 31st 2017 ranking: 29th 2016 ranking: 24th Country: India Salary: US$175,801

University of Hong Kong 2018 ranking: 33rd 2017 ranking: 39th 2016 ranking: 44th Country: Hong Kong (China) Salary: US$128,245

Shanghai Jiao Tong University: Antai 2018 ranking: 34th 2017 ranking: 34th 2016 ranking: 39th Country: China Salary: US$121,635

Indian Institute of Management Bangalore 2018 ranking: 35th 2017 ranking: 49th 2016 ranking: 62nd Country: India Salary: US$166,651

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Renmin University of China School of Business 2018 ranking: 39th 2017 ranking: NA 2016 ranking: 43rd Country: China Salary: US$100,003

Fudan University School of Management 2018 ranking: 42nd 2017 ranking: NA 2016 ranking: 47th Country: China Salary: US$103,032

CUHK Business School 2018 ranking: 43rd 2017 ranking: 36th 2016 ranking: 26th Country: Hong Kong (China) Salary: US$122,866

Singapore Management University: Lee Kong Chian Business School 2018 ranking: 49th 2017 ranking: NA 2016 ranking: NA Country: Singapore Salary: US$112,173

The 2018 ranking is based on 20 different criteria with alumni responses informing eight criteria that together contribute 59% of its weight. Eleven criteria are calculated from school data, accounting for 31% of the ranking. While the remaining criterion, the research rank, counts for 10%. Alumni-informed criteria are based on the data collected by FT over three years.

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