Three British universities have made it into the top five of a global ranking of the 20 best institutions to study business and economics.
The University of Oxford, London Business School and the University of Cambridge took the third, fourth and fifth places respectively in the Times Higher Education's ranking.
However, they were beaten by Stanford University in first place and the Massachusetts Institute of Technology (MIT) in second.
The rest of the top 10 was made up by US institutions, including Harvard, the University of Chicago, Northwestern, the University of Pennsylvania and Berkeley.
The ranking takes into account subjects including business and management, accounting and finance, management and economics and econometrics.
The best places to study business and economics
|1||2||Stanford University||United States|
|2||1||Massachusetts Institute of Technology||United States|
|3||3||University of Oxford||United Kingdom|
|4||-||London Business School||United Kingdom|
|5||7||University of Cambridge||United Kingdom|
|6||5||Harvard University||United States|
|7||4||University of Chicago||United States|
|8||6||Northwestern University||United States|
|9||9||University of Pennsylvania||United States|
|10||8||University of California, Berkeley||United States|
|11||10||Columbia University||United States|
|12||12||Cornell University||United States|
|13||NR||New York University||United States|
|14||14||Hong Kong University of Science and Technology||Hong Kong|
|15||16||Carnegie Mellon University||United States|
|16||13||National University of Singapore||Singapore|
|18||15||University of Minnesota||United States|
|19||19||University of British Columbia||Canada|
|20||23||University of Mannheim||Germany|
Earlier this year the Financial Times' ranking of global MBA programmes put Insead, in Paris, at the top, while the University of Cambridge's Judge Business School was at the top of the list for the UK, although it came fifth overall.
London Business School was the only other British business school to make it into the top 10 of the global ranking, while Alliance Manchester Business School came 30th and the Oxford's Saïd Business School came 33rd.