The Financial Times Global Masters in Management Ranking for 2022 shows that European business schools dominate the best programmes offered globally.
The University of St Gallen in Switzerland tops the ranking for the 12th consecutive year, with France’s HEC Paris, ESCP, Essec and EMLyon all in the first tier alongside schools from the Netherlands, Sweden, the UK, Ireland and Germany, the FT said.
It said that while Europe pioneered the masters in management (MiM) – studied mainly by those without prior professional experience – strong providers have emerged in the US and Canada, as well as institutions in Australia, India, Morocco, Russia, Singapore and Taiwan.
“We have seen increased demand from outside France,” 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 and gender and international diversity among both students and faculty.
The average salary for alumni of business schools three years after completion of the MiM amounted to $79,092 (R1.36 million), with St Gallen alumni averaging $138,091 (2.37 million), behind Bangalore’s Indian Institute of Management at $144,178 (R2.47 million) after adjusting for international purchasing power parity.
Ranked schools demonstrated strong success in developing employability, with more than two-thirds reporting that at least 90% of graduates secured jobs within three months of completing the MiM, the FT said.
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