Shanghai Advanced Institute of Finance earned tenth place in a global ranking of financial master's degree programs for the first time and remained No 1 in Asia, the school said on Tuesday.

The institute kept the first place in Asia and seventh globally in value for money and became the first in Asia and fifth globally regarding graduates' salary increases three years after graduation according to the school,?citing a ranking by Financial Times published on the previous day.

The school, established at Shanghai Jiao Tong University in 2009, also came in first globally for other indicators, including employment rate three months after graduation and the percentage of faculty members holding doctoral degrees, and took third place for ratio of women students with 47 percent.

It was the third time the school participated in the ranking.

The school believed it could make further progress in other indicators, such as international mobility of students after graduation and the percentage of international students and women faculty members.

Chang Chun, executive dean of SAIF, said such achievements were based on the school's persistence in running the school in a way characterized by internationalization, marketization and professionalism.

"We are still very young. We're endeavoring to make breakthroughs and innovations in international exchange programs and course design in order to nurture a stronger foundation for financial industries at home and abroad," said Jiang Zhan, director of the master's in finance program at SAIF.