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QS Business Master's Rankings 2027 results
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16 September 2026
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QS Business Master's Rankings 2027 results
The QS Business Master's Rankings 2027 are broken down into five separate subject areas, with each bringing out a different story. Performance in the Master's in Management and Master's in Marketing show Europe’s long-running strength; Europe also leads Master's in Finance despite it being most crowded subject area; analytics is the clearest transatlantic skills race; and supply chain stands out for employability in a smaller, specialist market.
The best business schools for Master's in Management
The Master's in Management results show a high concentration of elite programmes in Europe. There is remarkable stability, with only ESCP Europe and ESADE improving their rank year-on-year within the top 10. Europe accounts for 154 programmes of the 256 ranked programmes.
The best business schools for Master's in Finance
Master's in Finance is the largest of the five Master’s subjects with 286 ranked programmes, showing the breadth of options available to students. Europe has the largest number of programmes (132), with 12 in the top 20. The UK and US each place six schools in the top 20. US finance programmes average a score of 73.0 in the Return on Investment indicator, well ahead of Europe’s 58.7, yet HEC Paris, ESSEC and EDHEC all score 100.0, suggesting a divergence across European performance.
In the Employability indicator, Oxford and Cambridge both hit 100.0, while Yale, Columbia, London Business School, Imperial and MIT also sit above 99. Fudan University, Durham University Business School and Frankfurt School of Finance & Management all have higher Employability than their overall score, meaning candidates can find strong career value outside of the elite finance bands.
The best business schools for Master's in Business Analytics
In Master's in Business Analytics, we find that US schools take six of the top 10 places and 10 of the top 20, led by MIT Sloan at number one, while Europe takes four of the top 10 and remains the largest regional bloc overall, with 99 ranked programmes compared to the US' 87.
The close competition is also visible in student outcomes. US programmes have a much stronger average Return on Investment Indicator score (76.4 versus Europe’s 55.9), but Europe matches the US at the very top of employability, with École Polytechnique/HEC Paris scoring 100.0 and London Business School and Imperial both above 98.
The best business schools for Master's in Marketing
Master's in Marketing is Europe-led, with European schools take eight of the top 10 places and 15 of the top 20. France is especially dominant at the very top through HEC Paris, ESSEC Business School and ESCP Business School. These French schools all score 100.0 for Return on Investment, while HEC Paris also combines a 100.0 overall score with 99.5 for Alumni Outcomes, giving it the edge. Outside Europe, Columbia Business School is the US' only top 10 ranked institution, topping the field for Thought Leadership at 98.6 and scoring 100.0 for Entrepreneurship and Alumni Outcomes. Melbourne Business School leads in Asia, with the second-highest Thought Leadership score at 97.2.
The best business schools for Master's in Supply Chain Management
The Master's in Supply Chain Management ranking has seen new institutions displacing the upper tier. MIT Center for Transportation & Logistics re-enters the rankings, while the University of Sydney Business School enters for the first time, both landing in the top five.
Supply chain management is a smaller ranking than the other business master’s subjects, with 142 programmes, but the data points to a more specialised global contest. Europe comprises exactly half of the overall programmes, 11 of which sit within the top 20, while the United States has fewer programmes overall (34) but a much stronger value profile: its average Return on Investment score is 81.4, compared with 56.7 for Europe. The top tier is multi-regional, with MIT Center for Transportation & Logistics leading overall with 100.0 and topping Entrepreneurship and Alumni Outcomes, while ESSEC achieves 100.0 for Return on Investment.
