The 50 best MBA programs in the world, and how much they cost

Brooks Kraft LLC/Corbis via Getty ImagesHarvard grads earn an average post-graduation salary of $US130K to $US140K.
  • The best business schools in the world are ranked each year by education specialists QS Quacquarelli Symonds.
  • QS has released its 2020 Global MBA Ranking, evaluating more than 240 of the best business schools in the world.
  • QS based its ranking on surveys of employers, academics, and business school programs, and evaluated MBA programs on employability, alumni outcomes, students’ return on investment, thought leadership, and diversity.
  • This year, Wharton and Stanford tied for first place. Here are the top 50 global MBA programs, according to the QS rankings.
  • Visit Business Insider’s homepage for more stories.

Higher- and business-education specialists QS Quacquarelli Symonds has released its 2020 Global MBA Ranking, evaluating more than 240 of the best business schools in the world.

QS ranked programs on employability for graduates, entrepreneurship and alumni outcomes, students’ return on investment as measured by post-graduation increases in salary, academic thought leadership, and class and faculty diversity.

QS based its rankings on three surveys: One survey of global employers to ascertain the reputation of MBA programs among top firms, one survey of academics to get a sense of schools’ academic and thought leadership reputations, and a survey completed by business schools themselves to gather basic information on programs and student outcomes.

Between 2015 and 2019, QS collected hundreds of thousands of university and business school nominations from nearly 45,000 unique global employers to the QS Global Employer Survey Over 95,000 academics from around the world responded to the QS Global Academic Survey.

See the full list of business schools on TopMBA.com. Here are the top 50 global MBA programs and how much they cost, according to QS rankings:


T-50. Cranfield grads earn an average post-graduation salary of $US50K to $US80K.

Location: Cranfield, UK

Tuition: $US40K to $US50K


Read more about Cranfield at TopMBA»


T-50: Michigan State (Eli Broad) grads earn an average post-graduation salary of $US100K to $US110K.

Location: East Lansing, MI

Tuition and fees: $US100K to $US110K


Read more about Michigan State at TopMBA»


T-50. Emory (Goizueta) grads earn an average post-graduation salary of $US120K to $US130K.

Location: Atlanta, GA

Tuition: Over $US120K


Read more about Goizueta at TopMBA»


T-49. Georgetown (McDonough) grads earn an average post-graduation salary of $US110K to $US120K.

Location: Washington DC

Tuition and fees: N/A


Read more about Georgetown at TopMBA»


T-49. HKUST grads earn an average post-graduate salary of $US50K to $US80K.

Location: Hong Kong SAR

Tuition and fees: N/A


Read more about HKUST on TopMBA»


48. Manchester (Alliance) grads earn an average post-graduation salary of $US50K to $US80K.

Wiki Commons

Location: Manchester, UK

Tuition and fees: $US50K to $US60K


Read more about Alliance Manchester at TopMBA»


47. St. Gallen grads earn an average post-graduation salary of $US110K to $US120K.

Location: St. Gallen, Switzerland

Tuition and fees: $US40K to $US50K


Read more about St. Gallen at TopMBA»


46. EDHEC grads earn an average post-graduation salary of $US100K to $US110K.

Location: Nice, France

Tuition: $US50K to $US60K


Read more about EDHEC at TopMBA»


45. Dartmouth (Tuck) grads earn an average post-graduation salary of $US120K to $US130K.

Location: Hanover, NH

Tuition: $US70K to $US80K


Read more about Tuck at TopMBA»


44. IIM Bangalore grads earn an average post-graduate salary of under $US50K.

Getty Images

Location: Bangalore

Tuition and fees: N/A


Read more about IIM Bangalore at TopMBA»


43. Nanyang NTU Singapore grads earn an average post-graduation salary of $US50K to $US80K.

Location: Singapore

Tuition and fees: N/A


Read more about Nanyang Business School at TopMBA»


42. UNSW (Australian Graduate School of Management) grads earn an average post-graduation salary of $US80K to $US90K.

UNSW

Location: Sydney, Australia

Tuition: $US60K to $US70K


Read more about the Australian Graduate School of Management at TopMBA»


41. Frankfurt School of Finance & Management grads earn an average post-graduation salary of $US50K to $US80K.

Frank Rumpenhorst/picture alliance via Getty Images

Location: Brussels, Belgium

Tuition and fees: N/A


Read more about Frankfurt School of Finance & Management at TopMBA»


40. IIM Ahmedabad grads earn an average post-graduation salary of under $US50K.

Location: Ahmedabad, India

Tuition: $US20K to $US30K


Read more about IIM Ahmedabad at TopMBA»


39. Carnegie Mellon (Tepper) grads earn an average post-graduation salary of $US120K to $US130K.

Location: Pittsburgh, PA

Tuition: Over $US120K


Read more about Tepper at TopMBA»


38. Mannheim grads earn an average post-graduation salary of $US100K to $US110K.

Location: Mannheim, Germany

Tuition: $US40K to $US50K


Read more about Mannheim at TopMBA»


37. Texas (McCombs) grads earn an average post-graduation salary of $US110K to $US120K.

Location: Austin, TX

Tuition and fees: $US100K to $US110K


Read more about McCombs at TopMBA»


36. University of Hong Kong grads earn an average post-graduation salary of $US80K to $US90K.

Location: Hong Kong

Tuition and fees: $US70K to $US80K


Read more about the University of Hong Kong at TopMBA»


35. Cornell (Johnson) grads earn an average post-graduation salary of $US120K to $US130K.

Location: Ithaca, NY

Tuition: Over $US120K


Read more about Johnson at TopMBA»


34. Warwick grads earn an average post-graduation salary of $US90K to $US100K.

Courtesy of Warwick Business School

Location: Coventry, UK

Tuition and fees: $US50K to $US60K


Read more about Warwick at TopMBA»


33. Indiana (Kelley) grads earn an average post-graduation salary of $US100K to $US110K.

Location: Bloomington, IN

Tuition: $US50K to $US60K


Read more about Kelley at TopMBA»


32. NUS grads earn an average post-graduation salary of $US90K to $US100K.

Location: Singapore

Tuition: $US40K to $US50K


Read more about NUS at TopMBA»


31. Boston (Questrom) grads earn an average post-graduation salary of $US90K to $US100K.

Location: Boston, MA

Tuition: $US110K to $US120K


Read more about Questrom at TopMBA»


30. ESSEC grads earn an average post-graduation salary of $US90K to $US100K.

Location: Paris, France/Singapore

Tuition and fees: N/A


Read more about ESSEC at TopMBA»


29. Erasmus (Rotterdam School of Management) grads earn an average post-graduation salary of $US90K to $US100K.

Location: Rotterdam, Netherlands

Tuition: $US50K to $US60K


Read more about Rotterdam School of Management at TopMBA»


28. USC (Marshall) grads earn an average post-graduation salary of $US120K to $US130K.

Location: Los Angeles, CA

Tuition: $US110K to $US120K


Read more about Marshall at TopMBA»


T-26. Melbourne grads earn an average post-graduation salary of $US100K to $US110K.

Location: Melbourne, Australia

Tuition and fees: $US100K to $US110K


Read more about Melbourne at TopMBA»


T-26. Copenhagen grads earn an average post-graduation salary of $US70K to $US89K.

Wikimedia Commons

Location: Copenhagen, Denmark

Tuition: $US50K to $US60K


Read more about Copenhagen at TopMBA»


25. CEIBS grads earn an average post-graduation salary of $US50K to $US80K.

Location: Shanghai, China

Tuition: $US60K to $US70K


Read more about CEIBS at TopMBA»


24. IMD grads earn an average post-graduation salary of $US130K to $US140K .

Facebook/IMD Business School

Location: Lausanne, Switzerland

Tuition and fees: $US60K to $US70K


Read more about IMD at TopMBA»


23. SDA Bocconi grads earn an average post-graduation salary of $US110K to $US120K.

Location: Milan, Italy

Tuition and fees: $US60K to $US70K


Read more about SDA Bocconi at TopMBA»


22. NYU (Stern) grads earn an average post-graduation salary of $US120K to $US130K.

Location: New York, NY

Tuition: Over $US120K


Read more about NYU Stern at TopMBA»


T-19. Duke (Fuqua) grads earn an average post-graduation salary of $US120K to $US130K.

Location: Durham, NC

Tuition: Over $US120K


Read more about Fuqua at TopMBA»


T-19. Imperial grads earn an average post-graduation salary of $US80K to $US90K.

Location: London, UK

Tuition and fees: $US60K to $US70K


Read more about Imperial at TopMBA»


T-19. Michigan (Ross) grads earn and average post-graduation salary of $US120K to $US130K.

Location: Ann Arbor, MI

Tuition: Over $US120K


Read more about Michigan Ross at TopMBA»


18. Yale grads earn an average post-graduation salary of $US110K to $US120K.

Facebook/Yale School of Management

Location: New Haven, CT

Tuition: Over $US120K


Read more about Yale at TopMBA»


17. ESADE grads earn an average post-graduation salary of $US90K to $US100K.

Location: Barcelona, Spain

Tuition and fees: $US70K to $US80K


Read more about ESADE at TopMBA»


16. Oxford (Said) grads earn an average post-graduation salary of $US90K to $US100K.

Location: Oxford, UK

Tuition and fees: $US70K to $US80K


Read more about Said at TopMBA»


15. Cambridge (Judge) grads earn an average post-graduation salary of $US120K to $US130K.

Location: Cambridge, UK

Tuition: $US70K to $US80K


Read more about Judge at TopMBA»


14. IE Business School grads earn an average post-graduation salary of $US80K to $US90K.

Facebook/IE Business School

Location: Madrid, Spain

Tuition and fees: $US80K to $US90K


Read more about IE Business School at TopMBA»


13. UCLA (Anderson) grads earn an average post-graduation salary of $US120K to $US130K.

Facebook/UCLA Anderson School of Management

Location: Los Angeles, CA

Tuition: Over $US120K


Read more about UCLA Anderson at TopMBA»


12. IESE Business School grads earn an average post-graduation salary of $US120K to $US130K.

Location: Barcelona, Spain

Tuition and fees: $US90K to $US100K


Read more about IESE Business School at TopMBA»


11. Columbia grads earn an average post-graduation salary of $US120K to $US130K.

Location: New York, NY

Tuition and fees: Over $US120


Read more about Columbia at TopMBA»


10. Northwestern (Kellogg) grads earn an average post-graduation salary of $US120K to $US130K.

Kellogg School of Management at Northwestern University

Location: Evanston, IL

Tuition and fees: $US70K to $US80K


Read more about Kellogg at TopMBA»


9. UC Berkeley (Haas) grads earn an average post-graduation salary of $US120K to $US130K.

Location: Berkeley, CA

Tuition and fees: $US110K to $US120K


Read more about Haas at TopMBA»


8. Chicago (Booth) grads earn an average post-graduation salary of $US130K to $US140K.

Location: Chicago, IL

Tuition and fees: Over $US120K


Read more about Booth at TopMBA»


7. HEC Paris grads earn an average post-graduation salary of $US120K to $US130K.

Facebook/HEC Paris

Location: Jouy-en-Josas, France

Tuition and fees: $US60K to $US70K


Read more about HEC Paris at TopMBA»


6. London Business School grads earn an average post-graduation salary of $US100K to $US110K.

C0mun1c4t10ns, Wikipedia

Location: London, UK

Tuition and fees: $US100K to $US110K


Read more about London Business School at TopMBA»


5. Harvard grads earn an average post-graduation salary of $US130K to $US140K.

Location: Boston, MA

Tuition and fees: Over $US120K


Read more about Harvard at TopMBA»


T-3. MIT (Sloan) grads earn an average post-graduation salary of $US120K to $US130K.

Location: Cambridge, MA

Tuition: Over $US120K


Read more about MIT Sloan at TopMBA»


T-3. INSEAD grads earn an average post-graduation salary of $US110K to $US120K.

Wikimedia Commons/ORogalevINSEAD’s Singapore campus

Location: Fontainebleau, France/Singapore

Tuition: $US90K to $US100K


Read more about INSEAD at TopMBA»


T-1. Stanford grads earn an average post-graduation salary of $US140K to $US150K.

Steve Castillo/Wikimedia CommonsThe Knight Management Centre at the Stanford Graduate School of Business.

Location: Stanford, CA

Tuition and fees: $US110K to $US120K


Read more about Stanford on TopMBA»


T-1. Penn (Wharton) grads earn an average post-graduation salary of $US130K to $US140K.

The Wharton School/Facebook

Location: Philadelphia, PA

Tuition and fees: Over $US120K


Read more about Wharton at TopMBA»

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