The Economist ranked the executive MBA program at TCU’s Neeley School of Business No. 21 in the world Thursday in the site’s first ranking of executive MBA programs.

According to The Economist, rankings were calibrated based on criteria including personal development/educational experience and career development. Within the two categories are subcategories “including the quality and diversity of students, the quality of the faculty, the percentage of students who receive a promotion after they graduate and the average salary increase graduates can expect.”

“This ranking reflects the exceptional quality of TCU EMBA students and alumni, as well as the dedication of our faculty and staff to building students’ leadership competencies to be even more successful in today’s dynamic, global business environment,” Dr. Nancy Nix, executive director of the Executive MBA program at the Neeley School of Business at TCU told TCU News & Events.

Out of the 62 schools ranked, the Kellogg School of Management at Northwestern University took the crown, ranking No. 1 on The Economist’s list.

Earlier this month, Bloomberg Businessweek ranked the Neeley School's undergraduate program the No. 28 best business school among 145 universities.