FT Masters in Management ranking 2021: methodology and key

Methodology

This is the seventeenth edition of the FT position of Masters in Management (MiM) programmes.

A report 124 MiM programmes took part in the position system in 2021, up from 114 in 2020. Colleges need to fulfill strict requirements in buy to be suitable. Their programmes need to be complete-time, cohort-based and schools need to be accredited by possibly AACSB or Equis. Programs need to be directed at students with little or no operate working experience. The position addresses general management programmes, not specialised kinds.

The table is calculated according to info collected via two individual surveys. The 1st is done by the small business schools and the 2nd by alumni who finished their MiM in 2018.

The FT ordinarily requires a response level of twenty for every cent of alumni, with a minimum amount of twenty responses, for a university to enter the position calculations. Thanks to the pandemic, the FT deemed schools with a reduced response level. Some 7,four hundred alumni done this year’s survey — a response level of about 29 for every cent.

FT Masters in Management position 2021 — leading 100

Find out which schools are in our position of Masters in Management degrees. Master how the table was compiled and browse the relaxation of our coverage at www.ft.com/mim.

The position has seventeen requirements. Alumni responses notify seven requirements that collectively lead fifty eight points of the ranking’s whole body weight. The remaining ten requirements are calculated from university data and account for 38 points of the body weight.

For this year, the whole body weight for the table is ninety six points. Thanks to the travel limitations triggered by the pandemic, the body weight for the intercontinental training course working experience group has been minimized. This measures students’ abroad exposure through their degree.

The existing average salary of alumni has the greatest weighting, at twenty points. Neighborhood salaries are transformed to US dollars utilizing buying power parity charges (PPP) provided by the IMF. The salaries of non-profit and community service workers, and complete-time students, are taken off. Salaries are normalised by eradicating the extremely greatest and most affordable salaries reported.

Wage improve is the 2nd most essential criterion, with a weighting of ten points. It is based on the average change in alumni salary involving their 1st MiM-level position soon after completion and their existing salary, a few yrs soon after completion. 50 percent of the body weight is applied to the absolute salary improve and the other half is applied to the relative proportion improve.

In which available, info collected more than the previous a few yrs is used for alumni requirements. Responses from 2021 carry fifty for every cent of the whole body weight and people from 2020 and 2019 every account for twenty five for every cent. Excluding salary-related requirements, if only two yrs of data are available, the weighting is break up 60:forty if data are from 2021 and 2020, or 70:30 if from 2021 and 2019. For salary figures, the weighting is fifty:fifty for two years’ data, to negate inflation-related distortions.

Facts furnished by schools are used to evaluate the range of educating team, board customers and students according to gender and nationality and the intercontinental attain of the programme. For gender requirements, schools with a fifty:fifty (male: woman) composition get the greatest score.

When calculating intercontinental range, in addition to the proportion of intercontinental students and college at a university — the figures published — the FT also considers the proportion of intercontinental students and college by citizenship.

A score is then calculated for every university. Very first, Z-scores — formulation that replicate the selection of scores involving the leading and bottom university — are calculated for every position criterion. These scores are then weighted and additional collectively to give a final score. Colleges are rated according to these scores, producing the FT Masters in Management position of 2021.

After discounting the schools that did not fulfill the response level threshold from the alumni survey, a 1st model is calculated utilizing all remaining schools. The university at the bottom is taken off and a 2nd model is calculated, and so on till the final position is achieved.

Other info in the table — programme length, the amount of students enrolled, in general pleasure and the proportion of students who undertake internships — does not lead towards the position. (See the essential to the position down below.)

Judith Pizer of Pizer-MacMillan acted as the FT’s databases consultant.

Critical: weights for position requirements are shown in brackets as points.

The whole table body weight provides up to ninety six points.

Wage currently US$: average salary a few yrs soon after completion (not used in the position calculation), US$ PPP equal (buying power parity. See methodology at ft.com/mim-system) †*

Weighted salary US$ (twenty): average graduate salary a few yrs soon after completion, adjustment for salary variants involving sectors, US$ PPP equal. †*

Wage improve (ten): average change in alumni salary involving completion and currently. 50 percent of this determine is calculated according to the absolute improve and half according to the relative proportion improve. †*

Price for income (5): calculated according to alumni salaries currently, service fees and other charges. †*

Occupation development (5): calculated according to adjustments in the level of seniority and the size of organization alumni are functioning for involving completion and today. †*

Aims reached (5): the extent to which alumni fulfilled their plans for carrying out a masters. †*

Careers service rank (5): efficiency of the careers service in supporting student recruitment, rated by alumni. †*

Used at a few months % (5): proportion of the most latest finishing course that observed employment in just a few months of finishing their training course. Determine in brackets is the proportion of the course for which the university was capable to offer data. §

Female college % (5): proportion of woman college as of April one. ‡

Female students % (5): proportion of gals on the masters programme on March 31. ‡

Ladies on board % (one): proportion of gals on the university advisory board. ‡

Global college % (5): calculated according to the range of college (on April 1) by citizenship and the proportion whose citizenship differs from their region of employment — the determine published in the table.

Global students % (5): calculated according to the range of existing MiM students by citizenship and the proportion whose citizenship differs from the region in which they review — the determine in the table.

Global board % (one): proportion of the board whose citizenship differed from the school’s home country.

Global mobility (8): calculated according to adjustments in the region of employment of alumni involving completion and currently. Alumni citizenship is taken into account. †*

Global training course working experience (4): calculated according to irrespective of whether the most latest finishing masters course carried out exchanges and organization internships, lasting at the very least a thirty day period, in nations around the world other than in which the university is based. Virtual ordeals are not included. An average calculation was taken from the 2021 survey and the previous two years’ intercontinental training course working experience data (2020 and 2019), if available. For schools that have taken part for the 1st time this year, only data from the 2021 survey ended up used. Thanks to travel limitations triggered by the pandemic, some schools ended up not able to offer latest data for this group. If you are a prospective student, be sure to contact the university to examine if they offer review journeys and internships abroad. †§

Excess languages (one): the amount of languages required on graduation, excluding English.

College with doctorates % (six): proportion of college with doctoral degrees at April one.

The groups down below are for info only and are not used in the ranking calculations.

Common training course length (months): average length of the masters programme.

Variety enrolled 2020-21: amount of students who enrolled in the 1st year of the masters programme in the previous year.

Over-all pleasure: average analysis by alumni of the masters training course, scored out of ten. After alumni answered various issues about their masters working experience, together with the top quality of the school’s careers service, they ended up questioned to level their in general pleasure, on a ten-position scale.

Business internships (%): the proportion of the last finishing course that undertook internships as part of the programme. §

† Includes data for the existing and a person or two previous yrs in which available.

‡ For all gender-related requirements, schools with a fifty:fifty (male/woman) composition get the greatest score.

* Facts from alumni who done their programmes in 2018 included.

§ Completed MiM involving March one, 2020 and February 28, 2021.