The University of Pennsylvania’s Wharton school of business continued to retain the first spot for the fourth consecutive year followed by the usual suspects of the European business school of Columbia, Stanford, Harvard and the London business school which had their pie at the second spot. This is the highest position ever a European business school has achieved. The Financial times ranking also included a number of world class business schools from Asia particularly in China. The Ceibs was placed at the eight positions. The Stanford University of U.S.A dropped to the sixth position from the fourth place and it also shared its position along with the IE business school of Spain. However the New York University remained steady at its tenth position.