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Academics in Britain may be fighting a fifth year of below-inflation pay rises, but some business schools seem to inhabit a different financial universe. Last month, Times Higher Education attended a champagne reception ­ held at the top of the landmark Gherkin building in London's financial district ­ to celebrate the launch of a new executive M.B.A. The price tag? Nearly £77,000 (about $130,000) for 20 months' tuition.

Image: http://www.insidehighered.com