Keep reading
- QS Quacquarelli Symonds just released its latest ranking: the best executive MBA programs globally

- HEC Paris moved up to the top spot, pushing Penn's Wharton School down to No. 2

- The following are the 20 executive MBA programs that ranked at the top of the 2021 QS ranking

- See more stories on Insider's business page

== 9 (tie). ESADE Business School ==
**Location Spain **Overall score 84.7
Read more about the executive MBA program here

== Method and data source ==
The latest ranking from QS Quacquarelli Symonds uses different metrics to find the best executive MBA programs around the world

Graduates of executive MBA programs can expect a boost in pay. According to the 2020 Executive MBA Council Student Exit Survey based on 1,619 students, the average salary and bonus together for program graduates was $193,200, a 14.1% increase in compensation after completing the program

This ranking is also different than QS' best full-time MBA programs. QS writes that EMBAs are typically for managers that already have between 10 to 15 years of work experience

To rank the executive MBA programs from around the world, QS used five different metrics that measure different aspects of being a highly-rated program

These metrics are the program's reputation for employers (which has the highest weight for determining the overall score), thought leadership, executive profile, career outcomes, and diversity (which has the lowest weight for determining the overall score). Executive profile includes the work, management, and C-suite experience of students in a program. The five metrics are then used to calculate an overall total score

Using this method, HEC Paris placed at the very top for 2021, moving up two spots and taking over The Wharton School of the University of Pennsylvania's spot from the 2020 ranking. Among the five metrics, HEC Paris' highest score was in employer reputation where it scored a 99.7 out of 100

"Driven by increases in its levels of international diversity, and by improvements in the one-year salary uplift that it offers its graduates, HEC Paris has taken the title of world's number-one Executive MBA provider," QS Quacquarelli Symonds wrote in a press release

The full ranking, along with how each program scored in each of the five metrics, is available on QS Quacquarelli Symonds.