5 Stars Awarded for Excellence – - Astute International Influence In alphabetical order

Aalto School of BI Norwegian – Handelshøyskolen BI Bocconi University SDA School of Copenhagen Business School Cranfield School of Management EBS Universität für Wirtschaft und Recht EMLyon Business School Erasmus University Rottderam School of Management ESADE Business School ESCP Europe Business School ESSEC Business School Graduate School of Management HEC IE Business School IESE Business School IMD Business School INSEAD Fontainebleau (Paris) - Institut Européen d'Administration des Affaires Lomonosov Moscow State University Business School Business School LSE London School of and Schoolof Business and Management SGH School of Economics St. Petersburg University Stockholm School of Economics Trinity College Dublin School of Business Universidade Nova de Lisboa School of Business and Economics Universität Business School Universität St. Gallen School of Management Université Catholique de Louvain School of Management Université de Lausanne – HEC Université Paris Dauphine University College Dublin Michael Smurfit School of Business University of Economics Prague VSE University of Oxford Saïd Business School University of Univesity of Cambridge Judge Business School WHU Otto Beisheim School of Management Wirtschaftsuniversität Wien – WU University of Economics and Business

4 Stars Awarded for Excellence – Europe - Significant International Influence In alphabetical order

Aarhus University School of Business Antwerp Management School Ashridge Business School Business School Athens University of Economics and Business Audencia Nantes School of Management Bradford University School of Management Central European University CEU Business School City University London Corvinus University of Budapest Faculty of Durham University Business School EDHEC Business School ESCP Europe Madrid Estonian Business School FADA Business School Frankfurt School of and Management | HfB Goethe Universiät Frankfurt am Main Business School École de Management Hanken School of Economics HHL Leipzig Graduate School of Management IBS Moscow Institute of Business Studies - Russian Presidential Institute IEDC Bled School of Management IMISP International Management Institute St. Petersburg Imperial College London Tanaka Business School International University of ISM University of Management and Economics KEDGE Business School Kotholieke Universiteit Leuven Faculty of Business and Economics Management School LUISS Business School Lund University School of Economics and Management Maastricht School of Management MIB School of Management MIP Politecnico di Milano School of Management MIRBIS Moscow International Higher Business School Neoma Business School NHH Norges Handelshǿskole Nyenrode Business Universiteit Sciences.po Stockholm University Business School Tilburg University School of Business and Society Universidad Carloss III Department of Business Administration Universidad Complutense Madrid Facultad de Ciencias Economicas y Empresariales Universidad de Deusto Business School Universidad de Navarra Facultad de Ciencias Economicas y Empresariales Universidade Catolica Portuguesa Lisbon School of Business and Economics Università di Roma “La Sapienza” Facoltà di Economia Universität Köln Wirtschaftswissenschaftliche Fakutät Universität Münster School of Business Administration and Economics Université de Genève – HEC Université Paris 1 Panthéon-Sorbonne Graduate Business School – IAE de Paris University of Amsterdam Business School University of Bath School of Management University of Birmingham Business School University of Bologna Business School University of Edinburgh Business School University of Glasgow Adam Smith Business School University of Gothenburg School of Business, Economics and Law University of Groningen Faculty of Economics and Management University of Leeds Business School University of Ljubljana Faculty of Economics University of Nottingham Business School University of Strathclyde Business School University of Warsaw School of Management Univesité Libre de Bruxelles Solvay Business School of Economics and Manaement Uppsala Univesity Department of Business Studies

3 Stars Awarded for Excellence – Europe - International Influence In alphabetical order

Aberystwyth University School of Management and Business AIX- Université - IAE Aix Graduate School of Management ALBA Graduate Business School BES La Salle – Ramon Liull University Bristol Business School – The University of the West of Brunel University Business School Bucharest Business School Cardiff Metropolitan University School of Management Cardiff University Business School Coventry University Business School Cyprus International Institute of Management – CIIM De Montfort University Leicester Business School Donau Universität Krems Economics and Business Management Dublin City University Business School Dublin Institute of Technology College of Business EAE Business School EBPC Paris Edinburgh Napier Business School Eidgenössische Technische Hochschule ETH Zürich Department of Management and Social Studies EOI Business School ESC Dijon Bourgogne – Burgundy Business School ESC Rennes School of Business ESCP Europe Torino Escuela de Posgrado Universidad Europea – IEDE Business School ESG Management School ESIC Business and School ESMT European School of Management and Technology ESSCA Graduate School of Management Fachhochschule Köln Faculty of Economics and Business Administration Fachhochschule München University Department of Business Administration Fachhochschule Pforzheim University Business School Business School at Clermont Ferrand and Brest Freie Universität Berlin School of Business and Economics Heriot-Watt University Edinburgh Business School HES School of Economics and Management Hochschule Reutlingen University ESB Business School Humboldt-Universität zu Berlin Faculty of Economics and Business Administration IAE de Grenoble Université Pierre Mendes-France Grenoble 2 IAE Université Jean Moulin Lyon 3 ICN Business School IESEG School of Management INSEEC Business School Instituto Internanional San Telmo International Business School at Vilnius University International University in ISC Paris Business School Jönköping University International Business School Katholische Universität Eichstätt-Ingolstadt School of Management Kingston University LIMAK Austrian Business School LIMT International Institute of Management in Technology of Fribourg Linköpings Universitet – Division of Business Administration Business School Ludwig-Maximilians-Univesität München School of Management Manchester Metropolitan University Business School Middlesex University Business School Business School Business School Northumbria University Newcastle Business School Nottingham Trent University Business School Business School (U.K.) Plymouth University Business School Pmpeu Fabra University idEC Barcelona School of Management Poznan University of Economics Prague International Business School – PIBS Rheinisch-Westfälische Technische Hochschule Aachen RWTH - Aachen University Fakultät für Wirtschaftswissenschaften Riga Business School Riga Technical University Faculty of Engineering Economics and Management RISEBA Riga International School of Economics and Business Administration Robert Gordon University – Aberdeen Business School Sheffield Hallam University Business School Tallinn School of Economics and Business Administration of Tallinn University of Technology Technische Universiät München School of Management Technische Universität Dresden Faculty of Business and Economics Technische Universität Karlsruhe School of Economics and Business Telecom École de Management Tilburg University School of Economics and Management TSM Business School - University of Twente Umeå University School of Business and Economics Universidad Pontificia Comillas Facultad de Ciencias Economicas y Empresariales Universidade de Lisboa ISEG Lisboa School of Economics and Management Università Cattolica del Sacro Cuore Facoltà di Economia Università degli Studi die Siena Facultà di Economia Università degli Studi die Torino Facultà di Economia Universität Bremen Faculty of Business Studies and Economics Universität Erlangen-Nürnberg Faculty of Business Administration, Economics & Social Sciences Universität Freiburg Faculty of Economics and Behavioural Sciences Universität Göttingen Faculty of Economic Sciences Universität Kiel Faculty of Business, Economics and Social Sciences Universität Passau Faculty of Business Administration and Economics Universität Regensburg Faculty of Business, Economics and Information Systems Universität Tübingen Wirtschaftswissenschaftliche Fakultät Université de Strasbourg - EM Strasbourg Business School Universitė de Toulouse 1 Capitole IAE School of Economics Universiteit Antwerpen Faculty of Applied Economics University College Cork – College of Business and Law University Institute of Lisbon ISCTE Business School University of Exeter Business School University of Hull Business School University of Limerick Kemmy Business School University of Malta Faculty of Economics, Management and Accountancy University of Porto School of Economics and Management – Porto Business School University of Southampton Management School University of Southern Denmark School of Business University of St. Andrews School of Management University of Surrey Business School University of Turku School of Economics University of Vaasa Faculty of Business Studies University of Zagreb Faculty of Economics and Business Univesità degli Studi di Firenze Facoltà di Economia Warsaw University of Technology Business School Zagreb School of Economics and Management

2 Stars Awarded for Excellence – Europe - Significant National Influence In alphabetical order

AGSM Athens Graduate School of Management American College of Greece Ashcroft International Business School Anglia Ruskin University CIMBA Italy EDC Paris Business School EEN Escuela Europea de Negocios EM Normanie Business School ESC Pau France Escuela de Negocios Novacaixagalicia ESE European School of Economics ESEUNE Business School European University Viadrina Frankfurt (Oder) – Business Administration and Economics FH Münster University – Business Administration Fondazione Istud Fundesem Business School Hernstein Institute for Management and Leadership IAE de Poitiers Université IAE Gustave Eiffel Université Paris Est Créteil ICBS Business College IMI Irish Management Institute IPAG Business School ISIDA School of Business John Cabor University Business Administration Italy La Rochelle Business School Lemniscaat School of Management Utrecht Paris ESLSCA Business School Polish Open University Sacred Hart University Luxembourg John F Welch College of Business SIMI Scandinavian International Management Institute Universität Baureuth – Rechts- und Wirtschaftswissenschaften Universität Hamburg Wirtschaftswissenschaften Universität Hohenheim – Wirtschaftswissenschaften Université de 1 Facultė des Sciences Economiques Université Luniėre Lyon II Faculté des Sciences Economiques et de Gestion University of Gloucestershire School of Business and Management University of Montenegro Faculty of Economics Univesità degli Sudi di Palermo Facoltà die Economia Univesité Avergne – École universitare de Management Zeppelin University