SINGAPORE - The National University of Singapore (NUS) has moved up one spot in a global ranking of Master of Business Administration (MBA) programmes, while the Nanyang Technological University (NTU) slipped two places.

In the latest Financial Times' (FT) Global MBA Ranking released on Monday, NUS, which managed 32nd spot in 2014, placed 31st.

NTU, which came in 38th last year, dropped to 40th place.

The rankings are based on data from business schools and their alumni, and consider, among other things, alumni career progression and diversity of students.

"Having two universities in the Top 40 is a remarkable achievement for Singapore," NTU President Bertil Andersson said in a statement on Monday. "The rankings show that the best business students in the world continue to flock to Singapore for the best education."

The FT found that alumni from the NUS MBA programme saw a 127 per cent increase in their average annual salaries after graduating.

Some 98 per cent of its MBA alumni also reported that they clinched employment within three months of graduation, said NUS in a statement.

Meanwhile, NTU said MBA graduates from its Nanyang Business School also saw their incomes go up completing the programme. Post-graduate salaries averaged over US$110,600 ($148,700), up from US$94,700 ($127,300) the previous year.