The 50 best MBA programs in the world

Knight Management Center at the Stanford Graduate School of Business
Stanford Graduate School of Business ranked at the top of QS' 2021 Global MBA Ranking.
  • QS Quacquarelli Symonds, a global higher education analyst, just released its 2021 Global MBA Ranking.
  • Each year QS ranks the best business schools globally using five metrics and surveys from employers and academics. 
  • Stanford Graduate School of Business ranked at the top again, while University of Pennsylvania's Wharton School slipped to second place. 
  • Visit Business Insider's homepage for more stories.

QS Quacquarelli Symonds, a global higher- and business-education analyst, just released its 2021 Global MBA Ranking.

To find the best MBA programs, QS used five key metrics to develop an overall index: employability, entrepreneurship and alumni outcomes, return on investment, thought leadership, and class and faculty diversity.

"In addition to analyzing program-related inputs, QS also considered the reputation of specific business schools from the perspective of nearly 37,000 global employers and more than 34,000 global academics," Dr. Andrew MacFarlane, the rankings manager at QS, said about the latest world rankings. "Finally, we mapped the education paths of 27,831 successful alumni back to specific institutions."

Interest in recruiting business school graduates has picked up again after falling amid uncertainty earlier in the pandemic, according to a Graduate Management Admission Council survey in September.

Stanford Graduate School of Business ranked at the top again, while the University of Pennsylvania's Wharton School dropped to second place after tying for first in last year's ranking.

Read on to find out the top 50 global MBA programs, along with typical costs and the average salary earned three months after graduating. The full list and other rankings, such as programs specializing in finance or supply chain management, can be found on QS' TopMBA website.

50. IIM Ahmedabad grads earn an average post-graduation salary of $40K to $50K.
Indian Institute of Management Ahmedabad

Location: Ahmedabad, India

Tuition and fees: Less than $50K

Read more about IIM Ahmedabad here.

49. Dartmouth (Tuck) grads earn an average post-graduation salary of $130K to $140K.
Dartmouth College Tuck

Location: Hanover, New Hampshire

Tuition and fees: $140K to $150K

Read more about Tuck School of Business here. 

48. Manchester (Alliance) grads earn an average post-graduation salary of $70K to $80K.
Alliance Manchester Business School

Location: Manchester, United Kingdom

Tuition and fees: $50K to $60K

Read more about Alliance Manchester Business School here.

47. ESCP Business School grads earn an average post-graduation salary of $100K to $110K.
ESCP Paris Montparnasse Campus

Location: Paris, France/London

Tuition and fees: Less than $50K

Read more about ESCP Business School here.

46. EGADE Business School grads earn an average post-graduation salary of $50K to $60K.
Tecnológico de Monterrey

Location: Mexico City, Mexico

Tuition and fees: $50K to $60K

Read more about EGADE Business School here.

45. Toronto (Rotman) grads earn an average post-graduation salary of $70K to $80K.
University of Toronto Rotman School of Management

Location: Toronto, Canada

Tuition and fees: $90K to $100K

Read more about Rotman School of Management here.

43 (tie). University of Hong Kong grads earn an average post-graduation salary of $80K to $90K.
University of Hong Kong

Location: Hong Kong SAR

Tuition and fees: $70K to $80K

Read more about University of Hong Kong here.

43 (tie). HKUST grads earn an average post-graduation salary of $70K to $80K.
Hong Kong University of Science and Technology

Location: Hong Kong SAR

Tuition and fees: $70K to $80K

Read more about HKUST here.

42. Frankfurt School of Finance & Management grads earn an average post-graduation salary of $70K to $80K.
Frankfurt School of Finance & Management

Location: Frankfurt am Main, Germany

Tuition and fees: $40K to $50K

Read more about Frankfurt School of Finance & Management here.

41. UNSW (AGSM) grads earn an average post-graduation salary of $80K to $90K.
UNSW University of New South Wales

Location: Sydney, Australia

Tuition and fees: $60K to $70K

Read more about Australian Graduate School of Management at UNSW here.

40. EDHEC Business School grads earn an average post-graduation salary of $110K to $120K.
EDHEC Business School

Location: Nice, France

Tuition and fees: $40K to $50K

Read more about EDHEC Business School here.

39. Mannheim Business School grads earn an average post-graduation salary of $100K to $110K.
Mannheim Business School Germany

Location: Mannheim, Germany

Tuition and fees: $40K to $50K

Read more about Mannheim Business School here.

38. Indiana (Kelley) grads earn an average post-graduation salary of $110K to $120K.
Kelley School of Business Indiana University

Location: Bloomington, Indiana

Tuition and fees: $50K to $60K

Read more about Kelley School of Business here.

37. Carnegie Mellon (Tepper) grads earn an average post-graduation salary of $120K to $130K.
Tepper School of Business Carnegie Mellon University

Location: Pittsburgh, Pennsylvania

Tuition and fees: $130K to $140K

Read more about Tepper School of Business here.

36. Texas (McCombs) grads earn an average post-graduation salary of $120K to $130K.
McCombs School of Business

Location: Austin, Texas

Tuition and fees: $110K to $120K

Read more about McCombs School of Business here.

35. CEIBS grads earn an average post-graduation salary of $60K to $70K.
CEIBS

Location: Shanghai, China

Tuition and fees: $90K to $100K

Read more about CEIBS here.

34. Warwick Business School grads earn an average post-graduation salary of $90K to $100K.
Warwick Business School

Location: Coventry, United Kingdom

Tuition and fees: $50K to $60K

Read more about Warwick Business School here.

33. Boston (Questrom) grads earn an average post-graduation salary of $90K to $100K.
Questrom School of Business

Location: Boston, Massachusetts 

Tuition and fees: $110K to $120K

Read more about Questrom School of Business here.

32. Cornell (Johnson) grads earn an average post-graduation salary of $130K to $140K.
Johnson Graduate School of Management Cornell University

Location: Ithaca, New York

Tuition and fees: $140K to $150K

Read more about Cornell SC Johnson College of Business here.

30 (tie). USC (Marshall) grads earn an average post-graduation salary of $120K to $130K.
USC Marshall

Location: Los Angeles, California

Tuition and fees: $110K to $120K

Read more about Marshall School of Business here.

30 (tie). Nanyang NTU Singapore grads earn an average post-graduation salary of $70K to $80K.
singapore nanyang technological university
A view of the Nanyang Technological University campus in Singapore July 29, 2016.

Location: Singapore

Tuition and fees: $40K to $50K

Read more about Nanyang NTU Singapore here.

29. Erasmus (RSM) grads earn an average post-graduation salary of $70K to $80K.
Erasmus University

Location: Rotterdam, Netherlands

Tuition and fees: $50K to $60K

Read more about Rotterdam School of Management here.

28. National University of Singapore (NUS) grads earn an average post-graduation salary of $70K to $80K.
National University of Singapore

Location: Singapore

Tuition and fees: $40K to $50K

Read more about the National University of Singapore here.

27. ESSEC Business School grads earn an average post-graduation salary of $90K to $100K.
ESSEC Business School

Location: Paris, France/Singapore

Tuition and fees: N/A

Read more about ESSEC Business School here.

26. Melbourne Business School grads earn an average post-graduation salary of $110K to $120K.
Melbourne Business School

Location: Melbourne, Australia

Tuition and fees: $60K to $70K

Read more about Melbourne Business School here.

25. IMD grads earn an average post-graduation salary of $130K to $140K.
IMD Business School

Location: Lausanne, Switzerland

Tuition and fees: $90K to $100K

Read more about IMD here.

24. Copenhagen Business School grads earn an average post-graduation salary of $90K to $100K.
Copenhagen Business School

Location: Copenhagen, Denmark

Tuition and fees: N/A

Read more about Copenhagen Business School here. 

23. SDA Bocconi grads earn an average post-graduation salary of $120K to $130K.
SDA Bocconi

Location: Milan, Italy

Tuition and fees: $60K to $70K

Read more about SDA Bocconi here.

22. Imperial College Business School grads earn an average post-graduation salary of $80K to $90K.
FILE PHOTO: A faculty building of Imperial College London, Britain, May 27, 2016. REUTERS/Toby Melville//File Photo
FILE PHOTO: A faculty building of Imperial College London, Britain

Location: London, United Kingdom

Tuition and fees: $60K to $70K

Read more about Imperial College Business School here.

21. Duke (Fuqua) grads earn an average post-graduation salary of $130K to $140K.
Fuqua School of Business

Location: Durham, North Carolina

Tuition and fees: $140K to $150K

Read more about The Fuqua School of Business here.

20. Michigan (Ross) grads earn an average post-graduation salary of $120K to $130K.
University of Michigan Ross Business School

Location: Ann Arbor, Michigan

Tuition and fees: $70K to $80K

Read more about Michigan Ross School of Business here. 

19. NYU (Stern) grads earn an average post-graduation salary of $130K to $140K.
NYU Stern

Location: New York, New York

Tuition and fees: Over $150K

Read more about NYU Stern School of Business here.

17 (tie). Yale School of Management grads earn an average post-graduation salary of $130K to $140K.
Yale School of Management

Location: New Haven, Connecticut

Tuition and fees: $130K to $140K

Read more about Yale School of Management here.

17 (tie). Cambridge (Judge) grads earn an average post-graduation salary of $90K to $100K.
Cambridge Judge Business School

Location: Cambridge, United Kingdom

Tuition and fees: $70K to $80K

Read more about Cambridge Judge Business School here.

16. Oxford (Saïd) grads earn an average post-graduation salary of $90K to $100K.
Said Business School Oxford University

Location: Oxford, United Kingdom 

Tuition and fees: $80K to $90K

Read more about Saïd Business School here. 

15. UCLA (Anderson) grads earn an average post-graduation salary of $120K to $130K.
UCLA Anderson

Location: Los Angeles, California

Tuition and fees: $130K to $140K

Read more about UCLA Anderson School of Management here.

14. Northwestern (Kellogg) grads earn an average post-graduation salary of $130K to $140K.
Northwestern Kellogg

Location: Evanston, Illinois

Tuition and fees: $140K to 150K

Read more about Kellogg School of Management here.

13. ESADE Business School grads earn an average post-graduation salary of $100K to $110K.
ESADE Business School

Location: Barcelona, Spain

Tuition and fees: $70K to $80K

Read more about ESADE here.

11 (tie). IESE Business School grads earn an average post-graduation salary of $120K to $130K.
IESE Business School

Location: Barcelona, Spain

Tuition and fees: $90K to $100K

Read more about IESE Business School here.

11 (tie). Chicago (Booth) grads earn an average post-graduation salary of $140K to $150K.
Chicago Booth School of Business

Location: Chicago, Illinois

Tuition and fees: $140K to $150K

Read more about The University of Chicago Booth School of Business here.

10. UC Berkeley (Haas) grads earn an average post-graduation salary of $130K to $140K.
University Of California, Berkeley Haas School of Business

Location: Berkeley, California

Tuition and fees: $110K to $120K

Read more about Haas School of Business here.

9. IE Business School grads earn an average post-graduation salary of $90K to $100K.
IE Business School Madrid

Location: Madrid, Spain

Tuition and fees: $70K to $80K

Read more about IE Business School here. 

8. Columbia Business School grads earn an average post-graduation salary of $140K to $150K.
Columbia University

Location: New York, New York

Tuition and fees: $140K to $150K

Read more about Columbia Business School here. 

7. London Business School grads earn an average post-graduation salary of $100K to $110K.
London Business School
London Business School.

Location: London, United Kingdom

Tuition and fees: $100K to $110K

Read more about London Business School here.

6. INSEAD grads earn an average post-graduation salary of $100K to $110K.
INSEAD in Singapore
INSEAD in Singapore.

Location: Paris, France/Singapore

Tuition and fees: $90K to $100K

Read more about INSEAD here.

5. HEC Paris grads earn an average post-graduation salary of $120K to $130K.
HEC Paris

Location: Jouy en Josas, France

Tuition and fees: $70K to $80K

Read more about HEC Paris here.

4. Harvard Business School grads earn an average post-graduation salary of $140K to $150K.
Harvard Business School

Location: Boston, Massachusetts 

Tuition and fees: $140K to $150K

Read more about Harvard Business School here.

3. MIT (Sloan) grads earn an average post-graduation salary of $140K-$150K.
MIT Sloan Campus

Location: Cambridge, Massachusetts 

Tuition and fees: $140K to $150K

Read more about MIT Sloan School of Management here.

2. Penn (Wharton) grads earn an average post-graduation salary of $140K to $150K.
Wharton School Penn

Location: Philadelphia, Pennsylvania 

Tuition and fees: Over $150K

Read more about Wharton School of the University of Pennsylvania here

1. Stanford Graduate School of Business grads earn an average post-graduation salary of over $150K.
Stanford University Graduate School of Business at Knight Management Center

Location: Stanford, California

Tuition and fees: $140K to $150K

Read more about Stanford Graduate School of Business here

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