1. These data are for information only and are not used in the rankings.
2. Indicates the most recent year that KPMG audited a business school, applying specified audit procedures relating to selected data provided for the Financial Times MBA ranking.
KPMG reported on the results of obtaining evidence and applying specified audit procedures relating to selected data provided for the Financial Times 2007 MBA survey ranking for selected business schools. Enquiries about the process can be made by contacting Michelle Podhy and Patrick Gaudet of KPMG by email at email@example.com. The specified audit procedures were carried out between November 2006 and January 2007. The audit date denotes the survey for which the specified audit procedures were conducted.
3. The average alumni salary three years after graduation. (The 2007 ranking surveyed the MBA class that graduated in 2003). This figure includes alumni salary data for the current year and the one or two preceding years, where available. The figure is NOT used in the ranking.
4. The average alumni salary today with adjustment for salary variations between industry sectors. This figure includes data for the current year and the one or two preceding years, where available.
5. The percentage increase in average alumni salary from before the MBA to today as a percentage of the pre-MBA salary. This figure includes data for the current year and the one or two preceding years, where available.
6. This is calculated using the salary earned by alumni today, course length, fees and other costs, including the opportunity cost of not working for the duration of the course.
7. This is calculated according to changes in the level of seniority and the size of the company alumni are working in now versus before their MBA. Data for the current year and the one or two preceding years are included where available.
8. The extent to which alumni fulfilled their goals or reasons for doing an MBA. This is measured as a percentage of total returns for a school.
These data were originally presented as percentages.
9. Alumni who used the careers service at their business school were asked to rank its effectiveness in their job search. This figure includes data for the current year and the one or two preceding years, where available.
10. The percentage of the most recent graduating class that had found employment or accepted a job offer within three months of graduation. The figure in brackets is the percentage of the class on which the school was able to provide employment data.
11. Alumni were asked to name three business schools from which they would recruit MBA graduates. The ranking is calculated according to the number of votes received by each school. Data for the current year and the one or two preceding years are included where available.
12. Percentage of female faculty.
13. Percentage of female students.
14. Percentage of female members of the advisory board.
15. The percentage of faculty whose citizenship differs from their country of employment.
16. The percentage of students whose citizenship differs from the country in which they are studying.
17. The percentage of the board whose citizenship differs from the country in which the business school is based.
18. This is calculated by analysing the employment movements of alumni between the time prior to their MBA and graduation and also, the time between graduation and today.
19. Weighted average of four criteria that measure international exposure during the MBA programme.
20. Number of extra languages required on completion of the MBA. Where a proportion of students require a further language due to an additional diploma, that figure is included in the calculations but not presented in the final table.
These schools run additional courses for MBA students for which additional language skills are required. These figures are included in the calculations for the ranking but are not represented on the table to avoid confusion.
21. The percentage of faculty with a doctoral degree.
22. This is calculated according to the number of doctoral graduates from each business school during the past three years. Additional points are given if these doctoral graduates took up faculty positions at one of the top 50 full-time MBA schools of 2006.
23. This is calculated according to the number of faculty publications in 40 international academic and practitioner journals. Points are accrued by the business school at which the author is currently employed. The total is weighted for faculty size.