The 16 best MBAs in the world according to The Economist

The Economist has released its annual ranking of the world's best MBAs.

A Masters degree in Business Administration (MBA) is a fast-track to success and can catapult its graduates into a high-paying career.

The Economist's ranking is one of the most comprehensive of its kind and finds the business schools with the best MBAs by ranking and sorting institutions into four categories before finding an overall score. These categories are:

• The opening of new career opportunities
• Personal development and educational experience
• Increase in salary
• Potential to network

The majority of schools are in the USA, with Stanford and Harvard both ranking highly. Institutions in Europe and Australia round off the list.

UK business schools are notably absent from The Economist's top 16 but Warwick Business School came in 20th.