New rankings show that European business schools dominate the master of management market – a degree which is gaining ground in the US.
European business schools continue to dominate the master of management market, according to new rankings, but schools in the UK and Belgium have dropped significantly.St. Gallen, the Swiss-based school, remains in the top spot for the fourth consecutive year, with two French business schools – HEC Paris and ESSEC – ranked second and third respectively.
However seven of the 11 top-ranked British schools, and three out of four of the Belgian schools, have fallen by seven places or more.
London Business School was one of the few to buck to trend, securing a position in the top-ten and becoming the highest-ranked UK school upon entering the ranking for the first time this year.
The 2014 Financial Times Masters in Management (MiM) rankings scores the top 70 general management degrees for pre-experience candidates with little or no work experience.
A record 81 schools participated in the ranking process this year, reflecting the increased demand for such pre-experience management programs.
The ranking is based on data compiled from participating business schools, as well as from alumni from the class of 2011, based on how successful alumni have been in their careers since graduation in terms of salary data.
Three years after graduation, the average annual salary of St Gallen’s alumni is almost $80,000. The average age of the class is 28. The Swiss degree also scores highly on individual indicators and is considered the best value for money of all the programs ranked.
The rankings are dominated by European-based schools – only six of the top-70 are from outside the region.
European schools ESADE, IE, EMLYON and Grenoble GSB, along with Imperial College and Cass Business School of the UK, are all featured in the top-25.
The two biggest climbers this year are ESC Rennes of France and Ireland’s Michael Smurfit Graduate Business School .
In addition to LBS, there are four new entrants to the MiM ranking including Canada’s Sauder School of Business and EBS Business School of Germany, which claimed the 49th and 14th spots respectively.
However, there are signs that other regions are warming to the pre-experience degree. MiM programs have become more popular in the United States since the global financial crisis of 2008. Several schools which have highly-ranked MBA programs have rolled out pre-experience master’s degrees. But none of them are yet featured in the FT’s ranking, apart from Skema Business School which counts France, China and the US as its base locations.
Indian business schools have also adopted the MiM, as businesses hope that newly-elected Prime Minister Narendra Modi will usher in a new period of economic growth, and expand hiring.
The MBA has long been a virtual prerequisite for business careers in India, but a MiM offers graduates something to distinguish themselves in a crowded market.
The Indian Institute of Management, Calcutta and its sister school IIM Ahmedabad – which has the highest weighted salaries – are ranked 13th and 16th place respectively in the MiM rankings.
Internships are one of the most valuable components of these degrees. The courses are designed to fast-track careers. According to the FT survey, 72% of respondents completed an internship and 64% received a job offer as a result, with just over 50% accepting those offers.
Internships are most popular in countries where the MiM is taught over two years or more. The degrees differ in length depending on location. Most programs in Canada, Ireland or the UK are just one year in length, while students in Belgium, France and India generally complete two-year programs.
Just 14% of graduates from 2011’s class started their own companies, most with ten or fewer employees. FT data show that about 80% of those start-ups are still operational, but they only provide a primary source of income to 44% of their founders.
To see the full ranking table, visit: http://rankings.ft.com/businessschoolrankings/masters-in-management-2014
Student Reviews
Best Journalism school in Europe
When I first stepped onto the campus of City, University of London, I knew I was in for a ride - and not just on the Tube! With its vibrant energy and an impressive repertoire of programs, City U became my home away from home.
The Journalism program was kind of a big deal. Rumour was that we were the best in Europe!
The lecturers were not just experts in their field; they’re practically journalistic royalty. They were invested, passionate, and had a knack for turning the most flat press release into a riveting news story. With their guidance, I’ve learned to navigate the chaotic world of media like a pro.
The campus was a melting pot of every culture, being that we had such a diverse international crowd.
Being in the heart of London, I had the world at my fingertips - there was always a new corner to explore, a hidden gem of a cafe to discover, or a street performer!
City, University of London wasn't just a university; it was a chapter in my life story that I’ll never forget.
Learning environment
The teacher-learner ration is manageable, giving each learner a chance to gain personal attention. It is also easier following up on the progress of a student, as the numbers per class is not large. the conducive environment for learning includes clean classes, standard desks, world class instructional facilities and the opportunity to engage lecturers even after their sessions. The team spirit at City is above board, with learners getting chance to learn both from instructors and colleagues. This is the university of choice; the place to be.
Classes
I liked that each class had a manageable number of learners, making the professor-learner ratio favor knowledge acquisition. I also liked that study schedules were manageable, and not overwhelming. The focus on talents and gifts even within the learning environment makes it possible for learners to achieve the best of their potential, and this has worked to the advantage of those that have schooled at City, University of London
Classes
The diversity at City University facilitates interactions and is a direction toward the unity of the world. The classes are well built to match the number and needs of all students regardless of the elements of diversity that set people apart. The use of technology in delivery makes learning even more interesting and achievable. At City University there is no distinction pegged on the issues that make people unique.
professors
The team of lecturers at the Uiversity are well experienced. Their level of insight and the methodologies of delivery works for the interes of the leaeners. My learning experience was largely boosted by the level of knowledge of the professors at the institution, and their passion to transfer the same to learners. I appreciate every class I attended because of the level of insight I was able to gather
The best university I’ve been to
The campus and the people I've met have made it a wonderful experience. I was reared in a small town with a graduating class of only 88 individuals, so moving to City University was a huge adjustment for me. My dorm has more residents than my whole high school combined! I enjoy the atmosphere here, and everyone is so friendly. Outstanding academic options and a stunning campus. Really great from beginning to end. The educators genuinely love what they do, and the students are ready to learn. On or around college, there is always something to do with friends, and the social scene is particularly warm.
Bayes Business School
As a student at City university attending Bayes Business School I would totally recommend choosing this university as the experience is exceptional with great social networking opportunities . Professors are significantly helpful, delivering with excellence and professionalism. Everyone is happy to help and make you feel welcomed in such an esteem university as City, offering exceptional development and guidance through out the course.
Economics and Politics
Incredibly amazing university, the way they polish students and help them boost their morale and think intellectually is worthwhile. Many universities have international partnerships to allow exchanges between their students. The most obvious subjects for these opportunities would be those that involve languages, and the study of people and places.
Clinical biology
I really like it it’s perfect for me with not too many people and not too few either. All the modules are amazing. I love the toy bar. I love all the societies that I’ma part of. Especially the colour Bollywood society
