The annual ranking lists the master’s degrees that lead the way in finance teaching across the globe.
Schools are ranked based on five categories. At 30%, the highest weight is given to employability, followed by alumni outcomes, value for money, and thought leadership at 20%. Diversity accounts for 10% of the overall score.
So, alongside the two leading institutions from France and the UK, which other business schools rank among the best Master in Finance programs in the world?
World’s Best Master in Finance | The top 10
The UK business school Oxford: Said takes first place this year, pushing HEC Paris down to a close second. Also climbing the ranks is M7 business school, MIT Sloan, which rises to third place this year, while London Business School falls to fourth.
The schools all boast impressive alumni outcomes. Oxford: Said, MIT Sloan, and London Business School rank joint first in this category, followed by HEC Paris.
Meanwhile, HEC Paris ranks joint first for return on investment, alongside another French school, ESSEC Business School.
For employability—the highest weighted category—three UK business schools take the top spot. Cambridge Judge, London Business School and Oxford: Said are all ranked joint first.
The top-ranked school in the US for employability is Columbia Business School in fourth in this category, followed closely by Yale School of Management in joint fifth.
Interestingly, ICN Business School in France ranks first for diversity but does not make the global top 100.
Also among the overall top 10 is Cambridge Judge in fifth, rising one place from the previous year. UC Berkeley (Haas) drops one spot to sixth, while ESSEC Business School remains in seventh.
Yale School of Management landing in eighth place is the biggest change to occur to the top 10 this year, as it enters the ranking for the first time.
Coming in ninth is London School of Economics, falling one spot from last year, followed by UCLA Anderson, also falling one place.
10 Best Master In Finance Programs 2025 (QS)
A globally recognized degree
While European business schools make up the majority of the ranking, it’s clear that the Master in Finance is a globally recognized business master’s degree. The top 50 schools hail schools from the US, Canada, Hong Kong, Australia, China, Singapore, and Mexico.
From Canada are University of Toronto's Rotman School of Management ranks 18th and Desautels Faculty of Management at McGill University in 24th place. Rotman also ranks in the top 20 for employability and thought leadership.
Singapore Management University (29), Peking University HSBC Business School (30), HKUST (36), CUHK Business School (43), and City University of Hong Kong (46) make up the Asian cohort among the top 50. All of these schools place in the top 50 for employability.
Australian Master in Finance programs ranked in the top 50 include those offered at Macquarie Business School (40) and UQ Business School (41).
EGADE Business School in Mexico is also ranked in joint 41st place.
The QS Business Masters Rankings includes programs that are mainly taught in-person and full-time. All schools must be accredited by AACSB, AMBA or EFMD. The rankings are decided based on three surveys: the QS Global Employer Survey, the QS Global Academic Survey and a survey completed by business schools themselves.
