IE Business School holds the no. 3 position worldwide in the ranking of non-US schools published by US magazine Forbes (http://www.forbes.com/bschools). The ranking, which is published every two years, evaluates the return on investment of MBA programs five years after completion as reported by 4,000 graduates from 103 business schools. Forbes divides MBAs into 3 categories: MBAs from US Schools; non-US one-year MBAs; and non-US two-year MBAs. IE Business School holds third position in the non-US one-year MBA category. In order to draw up the ranking, analysts from Forbes calculated the time it took graduates to recoup their investment and how their salaries have evolved over the last 5 years. The report underscores the fact that European business schools provide the best return on investment.