It said the revised offer did "not properly take into account the extra money coming into the sector" from 2008, when students in all three years will be paying the "top-up" fees to be introduced from this autumn.

BBC: NEWS | UK | Education | Lecturers reject latest pay offer

Students from India rounded out the top three.

WSJ: Chinese Flock to the GMAT

Teams comprised of five students each compete through three stages of judging, until the top five teams face off in New York City for the grand prize.

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