Europe's top MBA programs are more popular than ever. GMAT test-taking data suggest that Europeans are increasingly staying on the Continent to get their degrees, while Americans are increasingly traveling there to get theirs. The international stature of European programs is growing, but the main reason is economic: Many programs in Europe take just one year, compared with two in the U.S., making them far less expensive.

For this year's Bloomberg Businessweek European B-School Special Report, we've teamed up with London consultancy QS Quacquarelli Symonds, publisher of the TopMBA website and organizer of the QS World MBA Tour, to provide a ranking of top programs.

Note: The QS ranking is based on three annual surveys of international recruiters. Tuition is for the entire full-time MBA program. Class size and average GMAT score are for the most recent incoming class in the program. Starting salary is the average for members of the most recent graduating class with jobs three months after graduation. Currency conversions for tuition and salary used rates effective on March 26. All data are self-reported by schools.

Photograph by Julian Deghy/Gallery Stock

Europe's top MBA programs are more popular than ever. GMAT test-taking data suggest that Europeans are increasingly staying on the Continent to get their degrees, while Americans are increasingly traveling there to get theirs. The international stature of European programs is growing, but the main reason is economic: Many programs in Europe take just one year, compared with two in the U.S., making them far less expensive.

For this year's Bloomberg Businessweek European B-School Special Report, we've teamed up with London consultancy QS Quacquarelli Symonds, publisher of the TopMBA website and organizer of the QS World MBA Tour, to provide a ranking of top programs.

Note: The QS ranking is based on three annual surveys of international recruiters. Tuition is for the entire full-time MBA program. Class size and average GMAT score are for the most recent incoming class in the program. Starting salary is the average for members of the most recent graduating class with jobs three months after graduation. Currency conversions for tuition and salary used rates effective on March 26. All data are self-reported by schools.

Photograph by Julian Deghy/Gallery Stock

Top European B-Schools

U.K., Spain Dominate European B-School Ranking
U.K., Spain Dominate European B-School Ranking

Europe's top MBA programs are more popular than ever. GMAT test-taking data suggest that Europeans are increasingly staying on the Continent to get their degrees, while Americans are increasingly traveling there to get theirs. The international stature of European programs is growing, but the main reason is economic: Many programs in Europe take just one year, compared with two in the U.S., making them far less expensive.

For this year's Bloomberg Businessweek European B-School Special Report, we've teamed up with London consultancy QS Quacquarelli Symonds, publisher of the TopMBA website and organizer of the QS World MBA Tour, to provide a ranking of top programs.

Note: The QS ranking is based on three annual surveys of international recruiters. Tuition is for the entire full-time MBA program. Class size and average GMAT score are for the most recent incoming class in the program. Starting salary is the average for members of the most recent graduating class with jobs three months after graduation. Currency conversions for tuition and salary used rates effective on March 26. All data are self-reported by schools.

Photograph by Julian Deghy/Gallery Stock
20. Warsaw University of Technology Business School
20. Warsaw University of Technology Business School

Warsaw

Founded: 1991
Tuition: $12,728
Class Size: 20
Average GMAT Score: N/A
Starting Salary: N/A

A joint venture of London Business School, HEC Paris, Norwegian School of Economics and Business Administration, and Warsaw University of Technology, WUTBS offers a one-year, full-time International MBA and a two-year, part-time Executive MBA, both in English. Students in the one-year program average five years of work experience and 30 percent are international.

Click here for a detailed profile of WUT.

Photograph by Bpa
19. Imperial College Business School
19. Imperial College Business School

London

Founded: 1990
Tuition: $54,558
Class Size: 56
Average GMAT Score: 653
Starting Salary: $106,391

Located at the heart of one of the world's great science and technology universities, Imperial College Business School specializes in the intersection between business, science, engineering, medicine, and design. Imperial's MBA is offered in full-time, weekday executive, and weekend executive formats. Students in the full-time program average six years of work experience.

Click here for a detailed profile of Imperial.

Photograph by Dennis Gilbert/View/Getty Images
18. Central European University Business School
18. Central European University Business School

Budapest

Founded: 1988
Tuition: $15,428
Class Size: 28
Average GMAT Score: 600
Starting Salary: $63,423

Founded in 1988 by George Soros, among others, CEU is the first school in Central Eastern Europe to offer graduate business education leading to an American MBA. Situated in one of the most dynamic cities of Central Europe, CEU offers a one-year, full-time MBA taught in English by an international faculty, as well as two executive MBA options.

Click here for a detailed profile of CEU.

17. Warwick Business School
17. Warwick Business School

Coventry, England

Founded: 1973
Tuition: $47,741
Class Size: 67
Average GMAT Score: 650
Starting Salary: $129,970

Warwick's one-year, full-time MBA places great importance on collaborative learning and teamwork. Students will study an additional language, have the opportunity to go on exchange with one of Warwick's global partners, and complete a company internship. Besides the one-year program, Warwick offers an executive MBA and a distance MBA. All three programs share the same curriculum.

Click here for a detailed profile of Warwick.

Photograph by Colin Underhill
16. WHU Otto Beisheim
16. WHU Otto Beisheim

Düsseldorf, Germany

Founded: 1984
Tuition: $45,010
Class Size: 33
Average GMAT Score: 600
Starting Salary: $67,650


In 2012, WHU opened a new campus in Düsseldorf where the full-time and part-time MBA programs are being taught. The 15-month, full-time program has a general management and entrepreneurship focus and an international student body. WHU's network of more than 150 universities worldwide provides an opportunity for students to have a truly international experience.

Click here for a detailed profile of WHU.

15. Mannheim Business School
15. Mannheim Business School

Mannheim, Germany

Founded: 2005
Tuition: $42,438
Class Size: 56
Average GMAT Score: 675
Starting Salary: $104,260

With one of the least expensive MBA programs in this ranking, Mannheim nevertheless offers an intimate B-school experience. The school has 30 full professors and 25 adjuncts, and offers full-time, part-time, and executive MBA programs. About 60 percent of the students in the full-time program are international.

Click here for a detailed profile of Mannheim.

Correction note: Corrects starting salary and class size.

Photograph courtesy of Mannheim Business School
14. Trinity College Dublin School of Business
14. Trinity College Dublin School of Business

Dublin

Founded: 1925
Tuition: $37,934
Class Size: 35
Average GMAT Score: 625
Starting Salary: $128,590

Located within one of the world's oldest universities, dating from 1592, Trinity offers a general management one-year, full-time MBA and a two-year, part-time program. Its focus is on developing analytical and decision-making skills, culminating in three company projects. Students, working in small teams, are assigned to a blue-chip company, high-potential startup, and social entrepreneurship organization.

Click here for a detailed profile of Trinity.

Photograph by BL Images
13. European Business School
13. European Business School

Wiesbaden, Germany

Founded: 1971
Tuition: $41,785
Class Size: N/A
Average GMAT Score: 630
Starting Salary: N/A

The EBS core curriculum gives students a solid grounding in management, leadership, and problem-solving skills, with a focus on social responsibility. The full-time MBA offers three tracks. Applicants with extensive work experience can take the accelerated track and complete the program in one year. The 16-month "Gateway to Germany" track prepares students for careers in the German corporate world. And the 16-month international track includes an integrated study experience at one of the school's partner universities abroad, including a chance to earn a dual degree in logistics and supply chain management with five additional months of study.

Click here for a detailed profile of EBS.

12. University of Cambridge, Judge Business School
12. University of Cambridge, Judge Business School

Cambridge, England

Founded: 1990
Tuition: $54,561
Class Size: 149
Average GMAT Score: 684
Starting Salary: $103,198

The one-year MBA at the University of Cambridge Judge Business School is a general management program with a focus on business fundamentals and an opportunity to concentrate on areas of interest including finance, strategy, marketing, or entrepreneurship. With 94 percent of students drawn from 43 countries outside the United Kingdom, Judge is one of the most diverse business schools in Europe. Graduates are hired by top consulting firms such as McKinsey and Bain, as well as banks, tech companies, and more.

Click here for a detailed profile of Judge.

Photograph by Marinuse England/Alamy
11. Copenhagen Business School
11. Copenhagen Business School

Copenhagen

Founded: 2003
Tuition: $55,280
Class Size: 50
Average GMAT Score: 550
Starting Salary: $112,000

The Copenhagen Business School's full-time MBA program is small: just 50 students. A one-year program, it's rooted in the Scandinavian culture of trust, teamwork, and respect for the individual. Instruction is largely case-based, with plenty of opportunities for learning outside the classroom. Among them: the Leadership Discovery Process, which allows students to hone their leadership skills through unique mentoring sessions with seasoned executives.

Click here for a detailed profile of Copenhagen Business School.

Photograph courtesy of Copenhagen Business School
10. University of St. Gallen
10. University of St. Gallen

St. Gallen, Switzerland

Founded: 2005
Tuition: $67,000
Class Size: 41
Average GMAT Score: 656
Starting Salary: $118,118

The St. Gallen MBA combines a firm theoretical base and tailor-made case studies with practical exposure to business problems. St. Gallen's integrative management approach addresses business complexity by incorporating multiple management functions and disciplines into the decision-making process. The one-year program is taught in English. A two-year, part-time program offered with the Spanish business school ESADE includes modules delivered in St. Gallen, Barcelona, Salzburg, and Munich.

Click here for a detailed profile of St. Gallen.

Photograph by Gaetan Bally/Corbis
9. ESADE
9. ESADE

Barcelona, Spain

Founded: 1979
Tuition: $76,738
Class Size: 174
Average GMAT Score: 670
Starting Salary: $89,579

Unlike many other programs that rely heavily on case studies, ESADE Business School's full-time MBA strikes a balance between theory and practice, with a focus on cross-functional and multicultural teamwork. Students can finish the program in 12, 15, or 18 months at campuses in Barcelona, Madrid, and Buenos Aires. ESADE, in collaboration with Georgetown University, also offers a Global Executive MBA, which combines distance learning with six international modules in Washington, Moscow, Barcelona, New York, Brazil/Argentina, and India/China.

Click here for a detailed profile of ESADE.

Photograph courtesy of ESADE
8. HEC Paris
8. HEC Paris

Jouy-en-Josas, France

Founded: 1969
Tuition: $61,699
Class Size: 214
Average GMAT Score: 690
Starting Salary: $103,860

HEC's 16-month, full-time MBA includes 11 core subjects such as economics, finance, marketing, organizational behavior, and ethics, with an opportunity to concentrate in one of five subject areas or take part in an international exchange. Leadership is taught in a hands-on fashion: Students take part in experiential learning initiatives, seminars, and student-run events, including the organization of the MBA Tournament, an annual sports extravaganza hosted by HEC.

Click here for a detailed profile of HEC Paris.

Photograph courtesy of HEC Paris
7. SDA Bocconi
7. SDA Bocconi

Milan

Founded: 1971
Tuition: $57,200
Class Size: 104
Average GMAT Score: 650
Starting Salary: $95,705

A globally focused B-school in the financial and cultural center of Milan, SDA Bocconi offers a one-year, full-time MBA and a Global Executive MBA in English, as well as a modular Executive MBA and an Evening Executive MBA in Italian. It also offers 10 full-time specialized master's programs and six executive specialized master's programs. The flagship MBA program focuses on soft skills including decision-making, leadership, negotiation, and governance.

Click here for a detailed profile of SDA Bocconi.

Photograph courtesy of SDA Bocconi
6. University of Oxford, Saïd Business School
6. University of Oxford, Saïd Business School

Oxford, England

Founded: 1996
Tuition: $62,152
Class Size: 248
Average GMAT Score: 686
Starting Salary: $95,198

At just 17, the University of Oxford's Saïd Business School is one of Europe’s youngest and most entrepreneurial business schools. The full-time MBA is a one-year program, but can be paired with a selection of one-year master's degree programs offered by other university departments.

Click here for a detailed profile of Saïd.

Photograph by Glyn Thomas/Corbis
5. IESE Business School
5. IESE Business School

Barcelona, Spain

Founded: 1958
Tuition: $88,692
Class Size: 280
Average GMAT Score: 672
Starting Salary: $113,512

With some 560 MBA students from more than 56 countries, IESE has an extensive network of international corporate connections, academic partnerships with many of the world's leading business schools, and facilities in Barcelona, Madrid, New York, Munich, and Warsaw. The school's alumni work for major corporations and new business ventures in more than 90 countries. Students finish the general management program in 19 months.

Click here for a detailed profile of IESE.

Photograph courtesy of IESE Business School
4. IE Business School
4. IE Business School

Madrid

Founded: 1973
Tuition: $74,810
Class Size: 450
Average GMAT Score: 680
Starting Salary: $89,607

Founded by entrepreneurs, the spirit of entrepreneurship infuses IE Business School's 13-month MBA program, which is offered in full-time and part-time formats. The MBA programs include an International MBA, Global MBA+, Executive MBA+, Global Executive MBA, and a joint Executive MBA with Brown University.

Click here for a detailed profile of IE Business School.

Photograph courtesy of IE Business School
3. IMD
3. IMD

Lausanne, Switzerland

Founded: 1990
Tuition: $64,660
Class Size: 90
Average GMAT Score: 670
Starting Salary: $132,852

IMD says it limits its full-time MBA class to just 90 students "because world-class business leaders cannot be mass-produced," and with a 1:2 faculty-student ratio few would argue that IMD is in the mass-production business. With a focus on business fundamentals and leadership skills, IMD's one-year program is a mix of carefully integrated classes, live business cases, and team projects. Some of the projects require students to develop a startup business plan and work with big companies such as GM and Caterpillar to assess an overseas growth opportunity.

Click here for a detailed profile of IMD.

Photograph courtesy of IMD
2. London Business School
2. London Business School

London

Founded: 1964
Tuition: $87,164
Class Size: 406
Average GMAT Score: 698
Starting Salary: $110,606

Consistently ranked among the best in the world for its full-time MBA program, London Business School has a presence in four international cities—London, New York, Hong Kong, and Dubai—and includes faculty from over 30 countries, students from more than 100, and alumni from more than 130. Students can finish the program in 15, 18, or 21 months.

Click here for a detailed profile of London Business School.

Photograph by Peter Wheeler
1. INSEAD
1. INSEAD

Fontainebleau, France

Founded: 1957
Tuition: $66,877
Class Size: 1,008
Average GMAT Score: 703
Starting Salary: $102,888

INSEAD's 10-month MBA program is among the most diverse in Europe, with students representing more than 80 nationalities. With campuses in Europe and Asia, and the opportunity to take elective courses at the Wharton School in Philadelphia, INSEAD students can study across three continents.

Click here for a detailed profile of INSEAD.

Photograph courtesy of INSEAD