The TBEN Global Masters in Management Ranking for 2022 shows that European business schools dominate the best programs offered worldwide.
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 front row alongside schools from the Netherlands, Sweden, the UK, Ireland and Germany, according to the FT.
It said that while Europe pioneered masters in management (MiM) – studied mainly by those with no 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 such as salary, value for money and gender and international diversity among both students and teachers.
The median salary for business school alumni three years after completing the MiM was $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 showed great success in developing employability, with more than two-thirds reporting that at least 90% of graduates found a job within three months of completing the MiM, the FT said.
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