• 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 QSQuacquarelli 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 $50K to $80K.

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Chemical Engineer via Wikimedia Commons

Location: Cranfield, UK

Tuition: $40K to $50K

Read more about Cranfield at TopMBA

T-50: Michigan State (Eli Broad) grads earn an average post-graduation salary of $100K to $110K.

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Michigan State University's Eli Broad MBA Program/Facebook

Location: East Lansing, MI

Tuition and fees: $100K to $110K

Read more about Michigan State at TopMBA

T-50. Emory (Goizueta) grads earn an average post-graduation salary of $120K to $130K.

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Emory University Goizueta Business School/Facebook

Location: Atlanta, GA

Tuition: Over $120K

Read more about Goizueta at TopMBA

T-49. Georgetown (McDonough) grads earn an average post-graduation salary of $110K to $120K.

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Facebook/GeorgetownMcDonough

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 $50K to $80K.

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Wikimedia Commons

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 $50K to $80K.

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Wiki Commons

Location: Manchester, UK

Tuition and fees: $50K to $60K

Read more about Alliance Manchester at TopMBA

47. St. Gallen grads earn an average post-graduation salary of $110K to $120K.

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Facebook/Universitat St. Gallen (HSG)

Location: St. Gallen, Switzerland

Tuition and fees: $40K to $50K

Read more about St. Gallen at TopMBA

46. EDHEC grads earn an average post-graduation salary of $100K to $110K.

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, via Wikimedia Commons

Location: Nice, France

Tuition: $50K to $60K

Read more about EDHEC at TopMBA

45. Dartmouth (Tuck) grads earn an average post-graduation salary of $120K to $130K.

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Tuck School of Business/Facebook

Location: Hanover, NH

Tuition: $70K to $80K

Read more about Tuck at TopMBA

44. IIM Bangalore grads earn an average post-graduate salary of under $50K.

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Getty Images

Location: Bangalore

Tuition and fees: N/A

43. Nanyang NTU Singapore grads earn an average post-graduation salary of $50K to $80K.

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Wikimedia Commons

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 $80K to $90K.

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UNSW

Location: Sydney, Australia

Tuition: $60K to $70K

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 $50K to $80K.

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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 $50K.

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Wikimedia Commons

Location: Ahmedabad, India

Tuition: $20K to $30K

Read more about IIM Ahmedabad at TopMBA

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

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Facebook/Tepper School of Business at Carnegie Mellon

Location: Pittsburgh, PA

Tuition: Over $120K

Read more about Tepper at TopMBA

38. Mannheim grads earn an average post-graduation salary of $100K to $110K.

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Uni Mannheim via Wikimedia Commons

Location: Mannheim, Germany

Tuition: $40K to $50K

37. Texas (McCombs) grads earn an average post-graduation salary of $110K to $120K.

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UT McCombs School of Business/Facebook

Location: Austin, TX

Tuition and fees: $100K to $110K

Read more about McCombs at TopMBA

36. University of Hong Kong grads earn an average post-graduation salary of $80K to $90K.

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Baycrest/Wikimedia Commons

Location: Hong Kong

Tuition and fees: $70K to $80K

Read more about the University of Hong Kong at TopMBA

35. Cornell (Johnson) grads earn an average post-graduation salary of $120K to $130K.

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Johnson Graduate School of Management at Cornell University/Facebook

Location: Ithaca, NY

Tuition: Over $120K

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

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Courtesy of Warwick Business School

Location: Coventry, UK

Tuition and fees: $50K to $60K

Read more about Warwick at TopMBA

33. Indiana (Kelley) grads earn an average post-graduation salary of $100K to $110K.

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Via Wikimedia Commons

Location: Bloomington, IN

Tuition: $50K to $60K

Read more about Kelley at TopMBA

32. NUS grads earn an average post-graduation salary of $90K to $100K.

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Wikipedia

Location: Singapore

Tuition: $40K to $50K

Read more about NUS at TopMBA

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

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Boston University Questrom School of Management/Facebook

Location: Boston, MA

Tuition: $110K to $120K

Read more about Questrom at TopMBA

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

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Wikimedia Commons

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 $90K to $100K.

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RSM Erasmus via Wikimedia Commons

Location: Rotterdam, Netherlands

Tuition: $50K to $60K

Read more about Rotterdam School of Management at TopMBA

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

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USC Marshall School of Business/Facebook

Location: Los Angeles, CA

Tuition: $110K to $120K

Read more about Marshall at TopMBA

T-26. Melbourne grads earn an average post-graduation salary of $100K to $110K.

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Polly clip via Wikimedia Commons

Location: Melbourne, Australia

Tuition and fees: $100K to $110K

Read more about Melbourne at TopMBA

T-26. Copenhagen grads earn an average post-graduation salary of $70K to $89K.

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Wikimedia Commons

Location: Copenhagen, Denmark

Tuition: $50K to $60K

Read more about Copenhagen at TopMBA

25. CEIBS grads earn an average post-graduation salary of $50K to $80K.

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Wikimedia Commons

Location: Shanghai, China

Tuition: $60K to $70K

Read more about CEIBS at TopMBA

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

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Facebook/IMD Business School

Location: Lausanne, Switzerland

Tuition and fees: $60K to $70K

Read more about IMD at TopMBA

23. SDA Bocconi grads earn an average post-graduation salary of $110K to $120K.

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SDA Bocconi School of Management via Wikimedia Commons

Location: Milan, Italy

Tuition and fees: $60K to $70K

Read more about SDA Bocconi at TopMBA

22. NYU (Stern) grads earn an average post-graduation salary of $120K to $130K.

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Facebook/NYU Stern School of Business

Location: New York, NY

Tuition: Over $120K

Read more about NYU Stern at TopMBA

T-19. Duke (Fuqua) grads earn an average post-graduation salary of$120K to $130K.

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Facebook/Duke.Fuqua

Location: Durham, NC

Tuition: Over $120K

Read more about Fuqua at TopMBA

T-19. Imperial grads earn an average post-graduation salary of $80K to $90K.

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Imperial College London/Christian Richters via Wikimedia Commons

Location: London, UK

Tuition and fees: $60K to $70K

Read more about Imperial at TopMBA

T-19. Michigan (Ross) grads earn and average post-graduation salary of $120K to $130K.

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Dwight Burdette via Wikimedia Commons

Location: Ann Arbor, MI

Tuition: Over $120K

Read more about Michigan Ross at TopMBA

18. Yale grads earn an average post-graduation salary of $110K to $120K.

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Facebook/Yale School of Management

Location: New Haven, CT

Tuition: Over $120K

Read more about Yale at TopMBA

17. ESADE grads earn an average post-graduation salary of $90K to $100K.

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Flickr/jpvargas

Location: Barcelona, Spain

Tuition and fees: $70K to $80K

Read more about ESADE at TopMBA

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

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Facebook / University of Oxford

Location: Oxford, UK

Tuition and fees: $70K to $80K

Read more about Said at TopMBA

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

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Facebook/CambridgeJudgeBusinessSchool

Location: Cambridge, UK

Tuition: $70K to $80K

Read more about Judge at TopMBA

14. IE Business School grads earn an average post-graduation salary of $80K to $90K.

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Facebook/IE Business School

Location: Madrid, Spain

Tuition and fees: $80K to $90K

Read more about IE Business School at TopMBA

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

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Facebook/UCLA Anderson School of Management

Location: Los Angeles, CA

Tuition: Over $120K

Read more about UCLA Anderson at TopMBA

12. IESE Business School grads earn an average post-graduation salary of $120K to $130K.

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IESE - MBA/Facebook

Location: Barcelona, Spain

Tuition and fees: $90K to $100K

Read more about IESE Business School at TopMBA

11. Columbia grads earn an average post-graduation salary of $120K to $130K.

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Facebook/Columbia Business School

Location: New York, NY

Tuition and fees: Over $120

Read more about Columbia at TopMBA

10. Northwestern (Kellogg) grads earn an average post-graduation salary of $120K to $130K.

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Kellogg School of Management at Northwestern University

Location: Evanston, IL

Tuition and fees: $70K to $80K

Read more about Kellogg at TopMBA

9. UC Berkeley (Haas) grads earn an average post-graduation salary of $120K to $130K.

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Facebook/BerkeleyHaas

Location: Berkeley, CA

Tuition and fees: $110K to $120K

Read more about Haas at TopMBA

8. Chicago (Booth) grads earn an average post-graduation salary of $130K to $140K.

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Facebook/chicagoboothbusiness

Location: Chicago, IL

Tuition and fees: Over $120K

Read more about Booth at TopMBA

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

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Facebook/HEC Paris

Location: Jouy-en-Josas, France

Tuition and fees: $60K to $70K

Read more about HEC Paris at TopMBA

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

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C0mun1c4t10ns, Wikipedia

Location: London, UK

Tuition and fees: $100K to $110K

Read more about London Business School at TopMBA

5. Harvard grads earn an average post-graduation salary of $130K to $140K.

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Harvard Business School/Facebook

Location: Boston, MA

Tuition and fees: Over $120K

Read more about Harvard at TopMBA

T-3. MIT (Sloan) grads earn an average post-graduation salary of $120K to $130K.

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Wikipedia

Location: Cambridge, MA

Tuition: Over $120K

Read more about MIT Sloan at TopMBA

T-3. INSEAD grads earn an average post-graduation salary of $110K to $120K.

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Wikimedia Commons/ORogalev

Location: Fontainebleau, France/Singapore

Tuition: $90K to $100K

Read more about INSEAD at TopMBA

T-1. Stanford grads earn an average post-graduation salary of$140K to $150K.

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Steve Castillo/Wikimedia Commons

Location: Stanford, CA

Tuition and fees: $110K to $120K

Read more aboutStanford on TopMBA

T-1. Penn (Wharton) grads earn an average post-graduation salary of $130K to $140K.

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The Wharton School/Facebook

Location: Philadelphia, PA

Tuition and fees: Over $120K

See Also:

SEE ALSO: 95% of Stanford MBA students take a nonrequired course nicknamed 'Touchy Feely.' Here's why alumni say it's been voted the most popular elective for 45 years.