New Delhi, Sep 29 (IANS): S.P. Jain Global School of Global Management, which has campuses in Sydney, Singapore and Dubai apart from Mumbai, has been ranked among the top 20 institutes in the 'Best International MBAs One-year programmes' category of Forbes biennial rankings of business schools.

The business school was ranked 16th in the rankings published earlier this week. IMD in Switzerland, Insead in France, and IE Business School in Spain were ranked first, second and third respectively.

This is the fifth time in a row that the institute has found its way into the top 20 one-year MBA programme institutes. 

"Forbes' biennial ranking of the world's best international MBA programmes is based solely on the return on investment achieved by graduates. This year, the Forbes ranking compared the earnings of the Class of 2012 in their first five years post-MBA course," a statement from S.P. Jain School of Global Management said. 

The institute, it added, "reported close to a six-fold increase in salaries -- from a pre-MBA salary of $9,000 to $50,000 (in 2016). The business school has also been ranked one in salary growth for all five years."

"Campus placements are often used to measure a school's success. However, top rankings like Forbes, Financial Times and The Economist measure graduate outcomes over a period of time. This is a superior measure of success as they consider long-term student growth, and not just starting salaries," business school President Nitish Jain said in the statement. 

The business school started operations with its Dubai campus in 2004. The Mumbai campus, its latest, was established in 2015.