Footnotes: * KPMG reported on the results of obtaining evidence and applying specified audit procedures relating to selected survey data provided for the Financial Times 2021 MBA ranking for selected business schools. Enquiries about the assurance process can be made by contacting Lori Huber of KPMG at lahuber@kpmg.ca. The specified audit procedures were carried out between October and November 2020. The audit date published denotes the survey for which the specified audit procedures were conducted. ** Data in this column are for information only and are not used in the rankings. † No data available. Some 202 points separate the top programme, at Insead, 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 14 schools from Insead to National University of Singapore Business School. Tier ll includes schools from Cornell University: Johnson, ranked 15, to Babson College: Olin in 46th position. Tier lll, headed by Pennsylvania State University: Smeal, spans schools ranked 47 to 82. Tier lV includes schools from Wisconsin School of Business in 83rd place to Queen's University: Smith at 100.