after three years is US$116,100 – the 12th highest of European business schools. Historic rankings, such as the Forbes survey, which lists business schools on their "return on investment" via a survey of alumni salaries, put Manchester 2nd in the UK and 5th in the world. In the Which MBA? survey MBS reached the 5th place in the UK, 8th in Europe and 30th in the world. The MBA Career Guide of international MBA recruiters placed Manchester 2nd in the UK, 7th in Europe and 15th in the world. In the 2009 QS Global 200 Business Schools Report the school was ranked 14th in Europe. In the UK government Research Assessment Exercise 2008 (RAE 2008), MBS is ranked first of all UK universities for research power in Business and Management and Finance and Accounting. The Financial Times ranks MBS PhD programme 1st in the World (Jan 2012). Furthermore, Manchester was selected by UK Border Agency as part of the Highly Skilled Migrant Programme which gives MBA-graduates from the world's top 50 business schools extra qualification points and helps them meet visa requirements to work in the UK. The Quality Assurance Agency for Higher Education (QAA) assessed the school's teaching quality with 24 out of 24 points. Global MBA programme MBS offers a unique part-time option for Master of Business Administration students called the Part-time Global MBA. This programme provides online instruction along with the ability for students to study at any of six global centres, while receiving the same degree. Students are able to take classes in Manchester, Brazil, China, Hong Kong, Singapore and Dubai. Students spend one week per semester attending workshops at one of the seven centres, and ten nights' hotel stay is included with the cost of tuition. Each centre has its own team of staff and facilities and all of them together support over 3,500 students from more than 100 countries around the world. The same faculty members teach across the centres representing forty different countries. Kelley-Manchester MBA programme In 2016, AMBS partnered with the Kelley School of Business at the Indiana University-Bloomington to offer the Kelley-Manchester Global MBA. This joint program allows a student to earn an MBA diploma from both universities. Buildings The older part of MBS, called "MBS West" is part of the University Precinct Centre complex on the southwest corner of Oxford Road and Booth Street West. The building houses lecture and