FT Masters in Management ranking 2021: methodology and key

Methodology

This is the 17th version of the FT ranking of Masters in Management (MiM) programmes.

A document 124 MiM programmes took aspect in the ranking process in 2021, up from 114 in 2020. Universities have to satisfy demanding criteria in purchase to be suitable. Their programmes have to be comprehensive-time, cohort-centered and universities have to be accredited by possibly AACSB or Equis. Courses have to be directed at learners with very little or no function working experience. The ranking handles typical management programmes, not specialised kinds.

The table is calculated according to information and facts collected by means of two separate surveys. The first is concluded by the business enterprise universities and the second by alumni who finished their MiM in 2018.

The FT typically involves a response amount of twenty for every cent of alumni, with a bare minimum of twenty responses, for a college to enter the ranking calculations. Because of to the pandemic, the FT viewed as universities with a decrease response amount. Some seven,400 alumni concluded this year’s survey — a response amount of about 29 for every cent.

FT Masters in Management ranking 2021 — major one hundred

Come across out which universities are in our ranking of Masters in Management levels. Understand how the table was compiled and examine the relaxation of our coverage at www.ft.com/mim.

The ranking has 17 criteria. Alumni responses tell seven criteria that jointly contribute 58 points of the ranking’s whole bodyweight. The remaining ten criteria are calculated from college data and account for 38 points of the bodyweight.

For this calendar year, the whole bodyweight for the table is ninety six points. Because of to the journey constraints brought about by the pandemic, the bodyweight for the intercontinental course working experience classification has been decreased. This actions students’ abroad exposure through their diploma.

The present common income of alumni has the optimum weighting, at twenty points. Community salaries are converted to US pounds applying paying for power parity fees (PPP) provided by the IMF. The salaries of non-revenue and community assistance personnel, and comprehensive-time learners, are removed. Salaries are normalised by taking away the quite optimum and least expensive salaries documented.

Income boost is the second most vital criterion, with a weighting of ten points. It is centered on the common big difference in alumni income involving their first MiM-level occupation right after completion and their present income, 3 a long time right after completion. Half of the bodyweight is used to the absolute income boost and the other 50 % is used to the relative proportion boost.

Where readily available, information and facts collected in excess of the earlier 3 a long time is employed for alumni criteria. Responses from 2021 carry 50 for every cent of the whole bodyweight and those from 2020 and 2019 each individual account for twenty five for every cent. Excluding income-relevant criteria, if only two a long time of data are readily available, the weighting is break up sixty:40 if data are from 2021 and 2020, or 70:thirty if from 2021 and 2019. For income figures, the weighting is 50:50 for two years’ data, to negate inflation-relevant distortions.

Details offered by universities are employed to evaluate the diversity of teaching staff, board members and learners according to gender and nationality and the intercontinental arrive at of the programme. For gender criteria, universities with a 50:50 (male: feminine) composition acquire the optimum score.

When calculating intercontinental diversity, in addition to the proportion of intercontinental learners and school at a college — the figures published — the FT also considers the proportion of intercontinental learners and school by citizenship.

A score is then calculated for each individual college. To start with, Z-scores — formulas that mirror the selection of scores involving the major and base college — are calculated for each individual ranking criterion. These scores are then weighted and included jointly to give a closing score. Universities are ranked according to these scores, producing the FT Masters in Management ranking of 2021.

Right after discounting the universities that did not satisfy the response amount threshold from the alumni survey, a first variation is calculated applying all remaining universities. The college at the base is removed and a second variation is calculated, and so on right until the closing ranking is arrived at.

Other information and facts in the table — programme length, the variety of learners enrolled, total fulfillment and the proportion of learners who undertake internships — does not contribute to the ranking. (See the key to the ranking beneath.)

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

Critical: weights for ranking criteria are shown in brackets as points.

The whole table bodyweight provides up to ninety six points.

Income right now US$: common income 3 a long time right after completion (not employed in the ranking calculation), US$ PPP equivalent (paying for power parity. See methodology at ft.com/mim-system) †*

Weighted income US$ (twenty): common graduate income 3 a long time right after completion, adjustment for income versions involving sectors, US$ PPP equivalent. †*

Income boost (ten): common big difference in alumni income involving completion and right now. Half of this figure is calculated according to the absolute boost and 50 % according to the relative proportion boost. †*

Benefit for revenue (5): calculated according to alumni salaries right now, charges and other charges. †*

Profession development (5): calculated according to variations in the level of seniority and the measurement of company alumni are working for involving completion and today. †*

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

Occupations assistance rank (5): performance of the professions assistance in supporting student recruitment, rated by alumni. †*

Used at 3 months % (5): proportion of the most recent finishing course that discovered employment in just 3 months of finishing their course. Determine in brackets is the proportion of the course for which the college was equipped to present data. §

Woman school % (5): proportion of feminine school as of April 1. ‡

Woman learners % (5): proportion of women of all ages on the masters programme on March 31. ‡

Girls on board % (1): proportion of women of all ages on the college advisory board. ‡

Intercontinental school % (5): calculated according to the diversity of school (on April 1) by citizenship and the proportion whose citizenship differs from their place of employment — the figure published in the table.

Intercontinental learners % (5): calculated according to the diversity of present MiM learners by citizenship and the proportion whose citizenship differs from the place in which they analyze — the figure in the table.

Intercontinental board % (1): proportion of the board whose citizenship differed from the school’s home country.

Intercontinental mobility (eight): calculated according to variations in the place of employment of alumni involving completion and right now. Alumni citizenship is taken into account. †*

Intercontinental course working experience (four): calculated according to whether the most recent finishing masters course carried out exchanges and company internships, lasting at least a month, in countries other than exactly where the college is centered. Virtual experiences are not integrated. An common calculation was taken from the 2021 survey and the earlier two years’ intercontinental course working experience data (2020 and 2019), if readily available. For universities that have taken aspect for the first time this calendar year, only data from the 2021 survey were employed. Because of to journey constraints brought about by the pandemic, some universities were unable to present recent data for this classification. If you are a possible student, remember to get in touch with the college to examine if they present analyze trips and internships abroad. †§

Excess languages (1): the variety of languages demanded on graduation, excluding English.

College with doctorates % (six): proportion of school with doctoral levels at April 1.

The categories beneath are for information and facts only and are not employed in the ranking calculations.

Normal course length (months): common length of the masters programme.

Amount enrolled 2020-21: variety of learner
s who enrolled in the first calendar year of the masters programme in the earlier calendar year.

General fulfillment: common evaluation by alumni of the masters course, scored out of ten. Right after alumni answered a variety of issues about their masters working experience, together with the excellent of the school’s professions assistance, they were asked to amount their total fulfillment, on a ten-level scale.

Corporation internships (%): the proportion of the past finishing course that undertook internships as aspect of the programme. §

† Involves data for the present and a person or two previous a long time exactly where readily available.

‡ For all gender-relevant criteria, universities with a 50:50 (male/feminine) composition acquire the optimum score.

* Details from alumni who concluded their programmes in 2018 integrated.

§ Completed MiM involving March 1, 2020 and February 28, 2021.