Harvard Business School, Stanford Graduate School of Business and London Business School occupied first, second and third positions, respectively in this year's ranking.
With respect to weighted average salary, IIMA student is paid an annual $1,57,459 (86 per cent increase over last year) while his ISB counterpart is drawing $1,17,308 (130 per cent hike) whereas the student of debutant IIMB is being paid weighted salary of $ 1,25,249 per annum.
The ranking is based on two surveys of the business schools and their alumni who graduated in 2010. MBA programmes are assessed according to the career progression of their alumni, the school's idea generation and diversity of students and faculty, FT said.
"This is the fifth time (that) Harvard has topped the rankings since the survey began in 1999. Stanford Graduate School of Business remained second, while London Business School leapfrogged the Wharton school at the University of Pennsylvania, pushing the latter into fourth place. Columbia Business School and Insead are joint fifth", FT said in its website.
To compile the 2014 ranking, FT surveyed 23,000 alumni from 153 business schools across the globe. More than 10,000 MBA graduates completed the survey, a response rate of 47 per cent, according to FT.
