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Three business schools that offer online MBA degrees made the top 30 in the 10th annual Center for World-Class Universities at Shanghai Jiao Tong University global rankings in economics and business.

The W. P. Carey School of Business at Arizona State University was ranked 18th; the best ranking of schools which offer both in-resident and online MBA options. This is the fourth year in a row the W. P. Carey School has been in the top 25, moving up three spots from last year’s list.

“This particular ranking is extremely significant on a worldwide scale and confirms our international reputation,” said W. P. Carey School of Business Dean Robert Mittelstaedt in a school news release. “The list is widely recognized globally, and we continue to climb up, thanks largely to our stellar faculty and its global impact on business education.”

Indiana University, which offers an online MBA degree program through Kelley Direct, earned a No. 24 ranking, followed by the University of North Carolina-Chapel Hill at No. 29. UNC’s Kenan-Flagler Business School launched an online MBA, nicknamed the MBA@UNC last year.

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More than 1,000 universities are ranked in the study each year, but only 500 are actually published. The rankings look at six factors, including the number of highly cited researchers, the number of staff and alumni with Nobel Prizes and Field Medals, and other objective indicators and third-party data.

Other U.S. business schools of note that offer online MBA programs ranked in the top 50 include Penn State University (No. 33) and George Mason University (No. 46).

Harvard University earned both the No. 1 ranking in business and economics and No. 1 in the overall category. American business schools took four of the top five spots in this year’s rankings.

–Alanna Stage, @AlannaTweets