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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

- See more stories on Insider's business page

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

== Harvard Business School ==
**QS ranking: **2 (2021 ranking: 4) **Location Boston
== HEC Paris ==
**QS ranking: **4 (2021 ranking: 5) **Location Jouy-en-Josas, France **Full tuition: 76,000-78,000
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