This is already the second time Financial Times honoured the Ljubljana faculty this year, having ranked its International Master in Business and Organisation (IMB) programme among the 100 top Master in Management programmes in the world in September.

The Ljubljana Faculty of Economics said in a release that international accreditations EQUIS, AACSB and AMBA places the faculty among 1% of the best business and economics schools in the world. There are more than 15,000 institutions providing this education.

Financial Times's rankings of business schools is one of the most acclaimed lists in the international business public. This means that getting on the list is a sign of the faculty's quality, the Faculty of Economics also said.

According to the release, Financial Times highlighted the fact that the Ljubljana faculty was the second on the rankings with regards to the share of female professors.

The first three spots on the rankings belong to London Business School, HEC from Paris and Insead from Fontainbleau, with Slovenia the only new country on the list this year.