Places four to seven were also taken by US institutions – Dartmouth’s Tuck school, UCLA’s Anderson, Berkeley’s Haas and Wharton.US schools accounted for 15 out of the 25 ranked programmes. Find the full ranking here:Top MBA for Entrepreneurship 2016

For the ranking the Financial Times assessed the percentage of a school’s MBA graduates who started a company, as well as how many of those businesses were still trading at the end of 2015. At Stanford for example a third of graduates from the class of 2012 started their own company. The school is also placed first for the extent to which alumni support one another when starting a company.

At second placed Babson's Olin nearly half of the graduates – 46 per cent – started their own company. One graduate praised its faculty’s practical role in instilling the entrepreneurial spirit: They ensure that “students learn how to tackle the real world challenges of starting companies.”

Overall, 56 per cent of entrepreneurs from the top 25 MBA programmes for entrepreneurship rated their school and alumni network as extremely helpful compared with only 44 per cent of entrepreneurs from the other MBA programmes.

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New FT ranking: US business schools excel at MBA start-up spirit