* Data in these columns are for information only and are not used in the rankings' calculation. ** For 2021, an average calculation was taken from the past two years’ international course experience data (2021 and 2020), if available. For schools that have taken part for the first time this year, only data from the 2021 survey were used. Some 225 points separate the top school from the school ranked number 55. The schools are divided into three groups. The difference in scores between schools ranked consecutively is greater within groups one and two than in group three. The top nine schools, from HEC Paris to London Business School, form the elite group of providers of masters in finance programmes. The second group spans 23 places from University of Oxford: Saïd to University Carlos III of Madrid. The third group of 23 schools is headed by CUHK Business School.