The University of Saint Gallen in northeastern Switzerland ranked sixth in the 2014 list of 80 European schools.

Lausanne-based IMD in the canton of Vaud ranked ninth on the list, which was topped by the London Business School, followed by HEC Paris and Spain’s IE Business School and Esade Business School.

Insead in France came fifth on the list.

The University of Saint Gallen, saw its position rise from seventh on the FT list in 2013.

With 77 percent of its faculty international, the university offers a Masters in Management degree that the FT ranks first in the world.

Graduates from the university’s MBA programme can expect to earn an average of $102,158 three years after graduating, according to the figures released.

IMD, whose ranking remained unchanged from last year, is rated by FT as having the best executive education open programmes in the world.

With 94 percent of its faculty regarded as international, the English-language institute is ranked third for its custom executive education programmes.

Graduates from IMD’s full-time MBA program can expect to earn $142,446 a year three years after graduation, FT said.

This is one of the highest salaries for business school MBA graduates and compares with $156,553 for the London Business School.

For more on the FT European rankings, check here.