The China-Europe International Business School (CEIBS) based in Shanghai moved one slot ahead to the 21st on Financial Times (FT) world's top 100 MBA program ranking list for this year.

Vice president of CEIBS, Professor Rolf D. Cremer, announced the ranking result in Shanghai on Friday at a press conference.

CEIBS' MBA program has maintained the first place among Asian business schools in the ranking for three consecutive years, and has been listed in the FI top 100 list for five consecutive years, said Cremer.

The other two Asian schools on the list this year are the Business School of Hong Kong University of Science and Technology (ranked 47th) and the Business School of National University of Singapore (ranked 92nd).

In the ranking, CEIBS moved ahead in 8 criteria, of which the following five got the greatest leap: weighted salary in the third year after graduation (ranked 9th), women students (ranked 16th), faculty with doctorates (ranked 48th), international faculty (ranked 8th), and FT research rank (ranked 71st).

CEIBS is the first business school in the Chinese mainland recruiting faculty globally with 95 percent of its faculty possessing PhD degree from world's top business schools. The school is also the first business school in the mainland setting up career development center to serve MBA graduates, exchanging MBA students with overseas prestigious counterparts, organizing a close network for students and alumni.

Source: Xinhua