European business schools dominate the top management masters on offer globally, with French institutions alone offering four of the top 11 courses and almost a quarter of the top 100 in the Financial Times 2022 rankings.
St. Gallen in Switzerland retained its top-ranked status for the 12th consecutive year, with HEC Paris, ESCP, Essec and EMLyon in France all in first place alongside schools in the Netherlands, Sweden, from the United Kingdom, Ireland and Germany – but also Tsinghua in China, for the first time.
Europe was the pioneer of Masters in Management (MiM), which are studied mainly by people without previous professional experience. But strong providers have emerged elsewhere, including traditional rivals for MBA programs in the United States and Canada, as well as institutions in Australia, India, Morocco, Russia, Singapore and Taiwan.
There is high demand from students for courses offered in multiple locations, with joint programs ranked highly this year by IQS/LMU/FJU between Spain, USA and Taiwan; Deusto/Audencia/Bradford in Spain, France and the UK; and the Global 3 degree from McIntire/Lingnan/Esade in the United States, China and Spain.
ESCP also offers study at its multiple campuses across Europe, while two highly competitive additional qualifications offered to MiM students require attendance at two different schools: the Global Alliance in Management Education, known as of Cems, and Quantitative Techniques for Economics and Management (Qtem).
Masters in Management Ranking 2022: the top 100
Find out which schools are in our Masters in Management ranking. Find out how the table was compiled and read the rest of our coverage at ft.com/mim
“We have seen increased demand from abroad,” said Frank Bournois, dean of ESCP. “More and more students want to study sustainability, entrepreneurship or quantitative approaches.”
The FT ranking of MiMs is based on weighted factors including salary, value for money, gender and international diversity among students and faculty.
The Graduate Management Admission Council, which oversees the GMAT test used by many schools to assess applications, said nearly half of countries offering MiMs had seen an increase in demand, although most were from international students. .
A separate survey earlier this year by CarringtonCrisp, an education consultancy, revealed a particularly strong student appetite for masters courses with a focus on digital skills and analysis, as well as sustainability.
Best school: University of St. Gallen
The University of St. Gallen tops the rankings for the 12th consecutive year with its Master in Strategy and International Management, written by Sophie Kiderlin. Not only do Swiss School alumni have the second highest weighted salary three years after completion, at $138,091, but they are also the best for career goals achieved (96%). St. Gallen also leads with its career service and is among the best schools for international professional mobility.
Nearly half of FT-ranked business school programs had at least 50% female students in their cohorts (a 50:50 split is highest), including 77% at Tongji University School of Economics and Management in China. The lowest representation, with 22% female students, was at the School of Economics and Management at Tilburg University in the Netherlands.
However, only 14 out of 100 schools reported that at least half of their faculty were women, peaking at 54% at NMIMS in Mumbai. The lowest was 15 percent at Indore’s Indian Institute of Management.
International students make up at least half of the enrollment at 44 schools, peaking at 98% at Singapore Management University: Lee Kong Chian. There are no reported foreign students in Indian business school MiM programs, which have highly competitive entry requirements geared towards domestic students.
Biggest increase: Luiss University
With a jump of 23 places, the school of Rome is the biggest climb, in 53rd place, writes Leo Cremonezi. The jump was due to improved performance in various categories, including average salary, salary increase and career progression, which helped Luiss reach his highest overall ranking since 2017.
Earnings reported by business school alumni three years after the end of MiM fell slightly in 2022, with average earnings of $79,092 compared to $80,821 in 2021 among institutions ranked in both years. St. Gallen alumni reported the second highest average salaries at $138,091, behind the Indian Institute of Management in Bangalore at $144,178 after adjusting for international purchasing power parity.
Cems alliance alumni reported significantly higher average earnings three years after graduation than those of MiM programs as a whole, at almost $100,000, as well as greater salary progression, and gave higher marks to the goals achieved during their studies.
Qtem alumni earned less than the average for FT-ranked schools, but reported solid progress, with a higher salary increase in the three years following the end of MiM than the overall average or for Cems graduates.
Ranked schools have demonstrated strong success in developing employability, with more than two-thirds reporting that at least 90% of graduates have secured employment within three months of completing MiM.
Audrey Clegg, global talent manager at Coca-Cola Hellenic Bottling Company and herself a Cems graduate, says the qualification requirements for multilingual students to do internships, collaborative projects and study in different countries meant “that they are almost pre-selected”. . They are of very high quality: international, very comfortable working across borders.
Business schools choose to participate in the FT Ranking, but not all of the different Masters in Management programs they offer are included. There is a wide variation in titles, objectives, fees, class sizes and the length of qualifications included.
This year’s class at EMLyon included nearly 1,200 students, for example, with four other French schools teaching over 1,000 students each, while other courses only had a few dozen students. Esdes in France had a master’s degree lasting on average 44 months, while three schools delivered the degree in just 9 months. The average duration was about 21 months.