The Dubai campus of SP Jain School of Management has been ranked among the top 20 in the world in the prestigious 2013 business schools list released by Forbes magazine. The school is the only Indian-origin institute to be ranked among the top 20 of the list which was topped by the International Institute for Management Development (IMD) Lausenne, Switzerland. IMD is followed by the Fountainebleau, France, campus of INSEAD and the SDA Bocconi of Milan, Italy. Founded in 1981 in Mumbai, the SP Jain School of Management has three other campuses in Dubai, Singapore and Sydney. The Mumbai campus was inaugurated by the then British prime minister Margaret Thatcher, and is now considered a sister school to the other three campuses. Only the Dubai and Singapore campuses offer the executive MBA programme.