London Business School came first again in the the European table for the third year in The FT rankings — but continental rivals lead the European schools in the individual rankings used to compile it.Lonodn Business School came first while EC Paris and INSEAD of France were in second and third place.

While the ranking is based on a survey of graduates from 2012, long before Britain voted to leave the EU, it will give UK schools a much needed confidence boost after Brexit, which threatens to damage the UK’s higher education sector. Brexit is expected to harm business schools’ ability to both attract and retain international students and faculty, while graduates’ job prospects are also potentially at risk.

The FT European Business School Ranking 2016 measures the quality and breadth of schools’ postgraduate programmes. It is based on their performance in the five main rankings published by the Financial Times each year: MBA, Executive MBA (EMBA), Masters in Management (MiM) and the two rankings for executive education. Only schools that take part in all five are eligible for a full score.

Edhec Business School recorded the greatest rise, climbing 11 places to 14th.Big performer/’s include EMLyon Business School and Rotterdam School of Management, in the Netherlands. The French school climbed nine places to 20th, recovering from a drop of 15 places the previous year, while the Dutch school is back in the top 10 for the first time since 2013.

The FT’s table measures the quality and breadth of business schools’ postgraduate programs. It is based on their performance in the five main rankings published by the newspaper: MBA, Executive MBA, Masters in Management, and the two for executive education. Schools must participate in all five rankings in order to be eligible for a full score. The European ranking is less prestigious than the MBA rankings, which are published by the FT, Bloomberg and The Economist among others and which are coveted by schools.

Individually INSEAD is the best for full-time MBA and EMBA programs, while Switzerland’s the University of St Gallen is top for the MiM. IESE of Spain and IMD, also Swiss, topped the executive education rankings. IE Business School is top in Spain outperforming its two main competitors from Barcelona, Esade and Iese. IE and Esade shared joint fifth place in 2015 but IE moved up one place to fourth while Esade fell to sixth. IE maintained its position in the MBA ranking and dropped only one position in the EMBA ranking, while Esade lost places in both. Iese, on the other hand is ranked number one for Executive Education but lost points for not having a Masters in Management.The two Portuguese schools are ranked joint 23rd (with Tias in the Netherlands). The schools are less than 2km apart in Lisbon and are friendly rivals. They jointly deliver a full-time MBA — the flagship programme, ranked 15th in Europe — and an executive MBA. Católica does better in executive education while Nova leads in the Masters in Management. Católica has previously outperformed Nova in the European ranking but the gap has been closing and they could not be separated this year.

LBS key strength is the wide range of students from different countries. More than 90% of its 2015 cohort were from abroad, coming from 60 different nations.

UK business schools are more international than their EU counterparts, with both British faculty and students in a minority.

However this advantage will be tested as Brexit unfolds and if, as expected, signs emerge that UK universities may find it more difficult to enrol overseas students, whose diversity enrich classrooms.

Of the four schools ranked for the first time in 201 is the Parisian university -Université Paris-Dauphine; which is highest in 74th place. These four schools all joined the top 90 thanks to their performance in September’s Masters in Management ranking. Paris-Dauphine’s MiM is ranked 50th in Europe. “MIB Dauphine is incredible thanks to the apprenticeship, which allows us to work in prestigious companies such as Microsoft, HP or Louis Vuitton,” said one graduate surveyed for the ranking.he University of Economics in Prague is one of a handful of institutions from eastern Europe in the ranking. It is also the only institution not accredited by Equis or AACSB, normally a prerequisite for being ranked