The McDonough School of Business’s full-time MBA program was ranked 17th in the country and 38th in the world Monday by the Financial Times 2011 survey.

The school’s national ranking moved up two slots after the program was ranked 19th in the 2010 survey. Its full-time MBA program also ranked third in the world for international business this year, according to a MSB press release.

The Financial Times ranking method used questionnaires from both the school and from alumni who graduated in 2007. Programs were also evaluated on their average alumni salaries after three years, career development, international engagement and faculty research.

This year, the average MSB alumni salary three years after they have graduated from the MBA program was reported at $127,539 following adjustments to account for salary variations between industries. Eighty-eight percent of graduates reported employment within three months of graduating, with 19 percent finding employment outside the United States.

London Business School came out on top in the global rankings, followed by the University of Pennsylvania’s Wharton School and Harvard Business School.