The 2018 Financial Times ranking of masters in management has reached the milestone of 100 schools for the first time, as the MiM degree continues to grow in popularity worldwide. Find the full ranking here.
This year’s table includes programmes from 27 countries, mostly in Europe, with more than 30,000 enrolled students. In comparison, the FT 2018 Global MBA rankings, published in January, featured schools from 17 countries, half in the US, with about 19,000 new students.
The first MiM ranking, published in 2005, listed 25 schools, all in Europe. The number of schools has increased sharply in the past four years, from 70 in 2014 to 95 in 2017. This year, 104 schools took part in the process, including six new entrants, with 100 making the final cut, the maximum in the FT rankings.
Masters in management programmes have a core of general management education in common but otherwise they vary widely. The shortest programme is eight months and the longest 36 months long, and cohort sizes range from 28 to 1,274. Programmes are taught either by business schools or universities and come with very different price tags: tuition fees at ranked schools range from zero (where there is full state funding) to about £40,000.
Swiss school St Gallen’s MA in Strategy and International Management tops the ranking for the eighth consecutive year. HEC Paris remains in second place, a position it has held since 2014, and London Business moves up one place to a new high of third.
St Gallen has the smallest cohort among schools in the top five, with about 55 students each year. “The group is carefully selected so that you work together with people who are truly inspiring and bring you further,” commented one graduate. Its programme is also cheaper than any of its top five rivals, with a maximum fee of SFr10,000 ($10,027) and is in the top 20 for value for money.
St Gallen’s alumni have the highest salary on average among European schools at $109,000, adjusted for purchasing power parity, behind alumni from Indian schools. The programme is also number one for aims achieved and the efficiency of its career service. Finally, the school is in the top five for international course experience and international mobility in the three years following graduation.
This year’s highest new entrant is Hult International Business School. The US institution, which has campuses in Dubai, London and Shanghai, came in at 53. Its programme is in the top 10 for international mobility of graduates. The University of Economics, Prague took part in this year’s ranking with a different programme to previous years. The school’s Master in International Management — part of Cems, the international alliance of business schools — went straight in at 22.
The Irish and Swedish members of Cems — Smurfit Graduate Business School at University College Dublin and Stockholm School of Economics — are also climbing the table. Smurfit has broken into the top 10 for the first time at seven and Stockholm is up 11 places to 12. Both schools have risen more than 30 places in the past three years since taking part with new courses.
This year’s ranking includes for the first time a school from Slovenia — the University of Ljubljana Faculty of Economics. It enters the ranking at 83 and is number two for value for money. With that, Slovenia becomes the 42nd country to feature in 20 years of FT rankings.
Top school: St Gallen
For the eighth year in a row St Gallen’s MA in Strategy and International Management tops this ranking. Alumni from 2015 have the highest salary among European schools, at $109,000, and the MA is top for aims achieved and its careers service. “The administration was extremely helpful in allowing me to develop [in] exactly the direction that I wanted”, said one graduate. St Gallen is also second for international experience during the MA and fourth for graduates’ international mobility.