The 20 best MBA programs in the world

stanford graduate school of business quad
Stanford Graduate School of Business has been ranked the No. 1 school for a full-time MBA program for two consecutive years.
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  • QS' global MBA ranking uses employability and diversity, among other factors, to evaluate schools. 
  • Stanford maintained its No. 1 ranking for the second year in a row. 
  • The top 20 schools were located in the EU, the US, and the UK.
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In the pre-pandemic world, elite business schools were losing applicants and becoming a résumé requirement of the past. 

But in 2020, nearly 75% of full-time MBA programs witnessed a growth in applicants, according to findings released by the Graduate Management Admission Council.

QS Quacquarelli Symonds, a higher-education analysis and ranking organization, released its 2022 ranking of the top full-time MBA programs, which can serve as a guide to interested applicants. 

While the number of MBA applicants has fluctuated, compensation for graduates has stayed level. Graduates of the Wharton School at the University of Pennsylvania, the second-best full-time MBA program according to QS, earned a median salary of $150,000 in both 2019 and 2020, according to the class of 2020 careers report

QS uses an employability score, alumni-outcome score, return-on-investment score, thought-leadership score, and diversity score to rank the universities. The universities with the highest overall score receive the best rankings. 

These are the 20 universities with the best full-time MBA program, according to QS. 

Stanford Graduate School of Business

Stanford
Stanford University.
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QS ranking: 1 (2021 ranking: 1) 

Location: Stanford, California

Annual tuition: $74,706 

Harvard Business School

harvard campus
Harvard University.
Brooks Kraft/Corbis via Getty Images

QS ranking: 2 (2021 ranking: 4)

Location: Boston 

Annual tuition: $73,440 

University of Pennsylvania (Wharton)

wharton campus
The Wharton School of the University of Pennsylvania.
bii

QS ranking: 2 (2021 ranking: 2)

Location: Philadelphia

Annual Tuition: $83,230 

HEC Paris

HEC Paris
HEC Paris.
HEC Paris

QS ranking: 4 (2021 ranking: 5) 

Location: Jouy-en-Josas, France

Full tuition: €76,000-78,000 

Massachusetts Institute of Technology (Sloan)

MIT
Massachusetts Institute of Technology.
William B. Plowman/Getty Images

QS ranking: 5 (2021 ranking: 3) 

Location: Cambridge, Massachusetts

Annual tuition: $78,954

London Business School

London Business School
London Business School.
Spiroview Inc / Shutterstock.com

QS ranking: 6 (2021 ranking: 7) 

Location: London

Full tuition: £92,735 

Institut Européen d'Administration des Affaires (INSEAD)

INSEAD Singapore campus
INSEAD.
Wikipedia

QS ranking: 7 (2021 ranking: 6)

Locations: Paris and Singapore

Full tuition: €89,000 

Instituto de Empresa Business School

IE Business School Madrid
Instituto de Empresa Business School.
JoeLogan/Shutterstock

QS ranking: 7 (2021 ranking: 9) 

Location: Madrid

Full tuition: €72,200

Columbia Business School

columbia university
Columbia University.
LENS-68/Shutterstock

QS ranking: 9 (2021 ranking: 8) 

Location: New York

Annual tuition: $77,376

Instituto de Estudios Superiores de la Empresa Business School

IESE Business School
Instituto de Estudios Superiores de la Empresa Business School.
IESE Business School

QS ranking: 10 (2021 ranking: 11) 

Location: Barcelona, Spain

Full tuition: €89,950

University of California, Berkeley (Haas)

california berkeley haas school of business
Haas School of Business.
gary yim/Shutterstock

QS ranking: 11 (2021 ranking: 10) 

Location: Berkeley, California

Annual tuition: $65,360 (California residents), $71,817 (nonresidents) 

University of Chicago (Booth)

University of Chicago
The University of Chicago.
Jannis Tobias Werner/Shutterstock

QS ranking: 12 (2021 ranking: 11) 

Location:  Chicago

Annual tuition: $74,919

University of Oxford (Saïd)

Said Business School Oxford University
Saïd Business School.
John Wreford/Getty Images

QS ranking: 13 (2021 ranking: 16) 

Location: Oxford, United Kingdom

Annual tuition: £65,520

Esade Business School

Esade Business School
Esade Business School.
Esade Business School

QS ranking: 13 (2021 ranking: 13) 

Location: Barcelona, Spain

Full tuition: €73,800

University of California, Los Angeles (Anderson)

UCLA Anderson School
UCLA Anderson School of Management.
Wikipedia

QS ranking: 15 (2021 ranking: 15) 

Location: Los Angeles

Annual tuition: $67,737

Northwestern University (Kellogg)

Northwestern University
Northwestern University.
eyfoto/Getty Images

QS ranking: 16 (2021 ranking: 14) 

Location: Evanston, Illinois

Annual tuition: $76,368 (two-year program), $105,380 (one-year program)

University of Cambridge (Judge)

University of Cambridge
University of Cambridge.
JUSTIN TALLIS/AFP via Getty Images

QS ranking: 17 (2021 ranking: 17) 

Location: Cambridge, United Kingdom

Full tuition: £61,000

Yale School of Management

Yale School of Management
Yale School of Management.
Enzo Figueres/Contributor/Getty Images

QS ranking: 18 (2021 ranking: 17) 

Location: New Haven, Connecticut

Annual tuition: $74,500

New York University (Stern)

NYU
New York University.
CribbVisuals/Getty Images

QS ranking: 19 (2021 ranking: 19) 

Location: New York

Annual tuition: $78,700

University of Michigan (Ross)

University of Michigan in Ann Arbor
University of Michigan.
Dieon Roger/Shutterstock

QS ranking: 20 (2021 ranking: 20) 

Location: Ann Arbor, Michigan

Annual tuition: $67,114 (Michigan residents), $72,114 (nonresidents) 

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