The best MBA programs in the world provide serious advantages to their graduates. Alumni from the top business schools lead some of the biggest companies in the world and earn well-over six figures, on average.
However, as the cost of attending business school continues to rise, students need to be thoughtful about where they choose to earn an MBA. Quacquarelli Symonds (QS) recently ranked the 251 most prominent MBA programs in the world in order to determine which business schools are the best investments. QS based their research on 13 criteria in five categories: employability, entrepreneurship and alumni outcomes, return on investment, thought leadership and diversity. They also collected data from tens of thousands of employers around the globe.
Here are the 10 best full-time MBA programs in the world, according to QS:
10. Columbia University
Country: United States
Class size: 776
Student body gender ratio: 38 percent women/62 percent men
Students employed three months after graduation: 92 percent
8. IE Business School (tie)
Country: Spain
Class size: N/A
Student body gender ratio: 31 percent women/69 percent men
Students employed three months after graduation: 89 percent
8. University of Chicago — Booth (tie)
Country: United States
Class size: 585
Student body gender ratio: 42 percent women/58 percent men
Students employed three months after graduation: 95 percent
7. HEC Paris
Country: France
Class size: 239
Student body gender ratio: 32 percent women/68 percent men
Students employed three months after graduation: 93 percent
6. INSEAD
Country: Abu Dhabi, France and Singapore
Class size: 536
Student body gender ratio: 33 percent women/67 percent men
Students employed three months after graduation: 82 percent
5. MIT — Sloan
Country: United States
Class size: 409
Student body gender ratio: 40 percent women/60 percent men
Students employed three months after graduation: 81 percent
4. London Business School
Country: United Kingdom
Class size: 411
Student body gender ratio: 37 percent women/63 percent men
Students employed three months after graduation: 96 percent
3. University of Pennsylvania — Wharton
Country: United States
Class size: 851
Student body gender ratio: 44 percent women/56 percent men
Students employed three months after graduation: 96 percent
2. Harvard University
Country: United States
Class size: 941
Student body gender ratio: 42 percent women/58 percent men
Students employed three months after graduation: 91 percent
1. Stanford University
Country: United States
Class size: 417
Student body gender ratio: 41 percent women/59 percent men
Students employed three months after graduation: 88 percent
Stanford topped the list of the best MBA programs in the world. According to QS, the average salary of someone with an MBA from Stanford is $144,455 three months after graduation.
Harvard ranked second on the list and shows huge returns for alumni: QS research finds that 91 percent of alumni are employed within three months of graduation and the average salary for an alumni just three years after graduation is $177,541.
American institutions dominated the list but several international programs such as London Business School, INSEAD and HEC Paris also ranked highly.
Common among all of the schools on the list is a gender imbalance. In the United States, women are more likely to earn a college degree and yet are still underrepresented in top business programs. At many well-respected business schools like Cornell, Rice, NYU and Northwestern, the percentage of students who are women is continuing to decrease. None of the schools on the list of the best programs in the world had greater than 44 percent women, and at some schools the percentage was as little as 31.
Like this story? Subscribe to CNBC Make It on YouTube!
Don't miss:
