European Masters In Management Courses Dominate 2019 Financial Times Ranking
New FT Master's in Management (MiM) ranking sees European business schools leaving competitors in Asia and the US playing catch-up
The Master's in Management degree is one of the stars of business education. Applications to MiM courses rose nearly 3% last year, according to the Graduate Management Admission Council. The courses are also growing in number, GMAC data suggests.
So how do you pick the right program for you in a crowded market? The Financial Times has just released a ranking of the popular business degree for graduates with little or no work experience.
The University of St Gallen keeps its stranglehold on the top spot this year, ranked above HEC Paris and London Business School as the best place in the world to do a MiM for the ninth year in a row. The reason for its success has been consistent since 2017: its alumni have the largest weighted salaries three years after graduating ($111,015); report the joint top achievement of their career goals (92%); and rate their career services as the best in the world.
The FT ranking is based on factors including alumni salaries, international experience, value for money, goals achieved, and diversity of participants and professors.
The rankings are dominated by business schools in Europe, the birthplace of the qualification where demand remains robust. Last year, GMAC said 66% of European MiM courses increased their applications, while in the US 71% of programs reported a drop in demand.
European dominance of the ranking may be explained in part by separate GMAC research, which found that 67% of European corporate recruiters planned to hire MiM graduates in 2019, compared with 33% in the US.
This has not stopped US schools creating MiM programs, however, to plug the gap between undergraduate students and MBAs, who have several years’ work experience. Georgetown University’s McDonough School of Business in Washington DC, for instance, this year launched a MiM.