FT Masters in Management ranking 2021: methodology and key
Methodology
This is the seventeenth edition of the FT ranking of Masters in Management (MiM) programmes.
A report 124 MiM programmes took aspect in the ranking approach in 2021, up from 114 in 2020. Educational facilities have to meet up with stringent standards in get to be eligible. Their programmes have to be entire-time, cohort-dependent and colleges have to be accredited by possibly AACSB or Equis. Classes have to be directed at students with minor or no get the job done expertise. The ranking covers basic management programmes, not specialised ones.
The desk is calculated in accordance to information collected through two separate surveys. The 1st is accomplished by the enterprise colleges and the next by alumni who completed their MiM in 2018.
The FT usually involves a reaction amount of 20 for every cent of alumni, with a minimum amount of 20 responses, for a faculty to enter the ranking calculations. Due to the pandemic, the FT deemed colleges with a lower reaction amount. Some 7,four hundred alumni accomplished this year’s study — a reaction amount of about 29 for every cent.
FT Masters in Management ranking 2021 — top rated 100
Come across out which colleges are in our ranking of Masters in Management degrees. Discover how the desk was compiled and study the relaxation of our coverage at www.ft.com/mim.
The ranking has 17 standards. Alumni responses inform seven standards that jointly lead fifty eight details of the ranking’s whole pounds. The remaining 10 standards are calculated from faculty information and account for 38 details of the pounds.
For this 12 months, the whole pounds for the desk is ninety six details. Due to the travel limits brought about by the pandemic, the pounds for the worldwide training course expertise class has been reduced. This actions students’ overseas exposure all through their degree.
The present-day ordinary income of alumni has the best weighting, at 20 details. Community salaries are converted to US dollars working with purchasing ability parity prices (PPP) supplied by the IMF. The salaries of non-financial gain and general public services employees, and entire-time students, are taken off. Salaries are normalised by eliminating the very best and lowest salaries documented.
Income boost is the next most essential criterion, with a weighting of 10 details. It is dependent on the ordinary difference in alumni income in between their 1st MiM-stage job following completion and their present-day income, a few yrs following completion. Fifty percent of the pounds is used to the absolute income boost and the other half is used to the relative proportion boost.
Where offered, information collected over the past a few yrs is made use of for alumni standards. Responses from 2021 have 50 for every cent of the whole pounds and those from 2020 and 2019 every account for twenty five for every cent. Excluding income-related standards, if only two yrs of information are offered, the weighting is break up sixty:forty if information are from 2021 and 2020, or 70:30 if from 2021 and 2019. For income figures, the weighting is 50:50 for two years’ information, to negate inflation-related distortions.
Info offered by colleges are made use of to measure the variety of teaching staff members, board associates and students in accordance to gender and nationality and the worldwide arrive at of the programme. For gender standards, colleges with a 50:50 (male: woman) composition acquire the best rating.
When calculating worldwide variety, in addition to the proportion of worldwide students and faculty at a faculty — the figures revealed — the FT also considers the proportion of worldwide students and faculty by citizenship.
A rating is then calculated for every faculty. To start with, Z-scores — formulation that reflect the assortment of scores in between the top rated and bottom faculty — are calculated for every ranking criterion. These scores are then weighted and additional jointly to give a final rating. Educational facilities are ranked in accordance to these scores, creating the FT Masters in Management ranking of 2021.
After discounting the colleges that did not meet up with the reaction amount threshold from the alumni study, a 1st variation is calculated working with all remaining colleges. The faculty at the bottom is taken off and a next variation is calculated, and so on until eventually the final ranking is attained.
Other information in the desk — programme size, the quantity of students enrolled, over-all fulfillment and the proportion of students who undertake internships — does not lead towards the ranking. (See the crucial to the ranking below.)
Judith Pizer of Pizer-MacMillan acted as the FT’s databases marketing consultant.
Vital: weights for ranking standards are demonstrated in brackets as details.
The whole desk pounds provides up to ninety six details.
Income now US$: ordinary income a few yrs following completion (not made use of in the ranking calculation), US$ PPP equivalent (purchasing ability parity. See methodology at ft.com/mim-strategy) †*
Weighted income US$ (20): ordinary graduate income a few yrs following completion, adjustment for income variants in between sectors, US$ PPP equivalent. †*
Income boost (10): ordinary difference in alumni income in between completion and now. Fifty percent of this determine is calculated in accordance to the absolute boost and half in accordance to the relative proportion boost. †*
Worth for dollars (5): calculated in accordance to alumni salaries now, charges and other expenses. †*
Job development (5): calculated in accordance to modifications in the stage of seniority and the dimensions of enterprise alumni are performing for in between completion and today. †*
Aims realized (5): the extent to which alumni fulfilled their ambitions for performing a masters. †*
Careers services rank (5): efficiency of the professions services in supporting college student recruitment, rated by alumni. †*
Used at a few months % (5): proportion of the most recent completing class that located work in just a few months of completing their training course. Determine in brackets is the proportion of the class for which the faculty was ready to offer information. §
Feminine faculty % (5): proportion of woman faculty as of April 1. ‡
Feminine students % (5): proportion of girls on the masters programme on March 31. ‡
Women of all ages on board % (1): proportion of girls on the faculty advisory board. ‡
Global faculty % (5): calculated in accordance to the variety of faculty (on April 1) by citizenship and the proportion whose citizenship differs from their region of work — the determine revealed in the desk.
Global students % (5): calculated in accordance to the variety of present-day MiM students by citizenship and the proportion whose citizenship differs from the region in which they analyze — the determine in the desk.
Global board % (1): proportion of the board whose citizenship differed from the school’s home country.
Global mobility (8): calculated in accordance to modifications in the region of work of alumni in between completion and now. Alumni citizenship is taken into account. †*
Global training course expertise (four): calculated in accordance to regardless of whether the most recent completing masters class carried out exchanges and enterprise internships, long lasting at the very least a thirty day period, in international locations other than the place the faculty is dependent. Digital encounters are not incorporated. An ordinary calculation was taken from the 2021 study and the past two years’ worldwide training course expertise information (2020 and 2019), if offered. For colleges that have taken aspect for the 1st time this 12 months, only information from the 2021 study ended up made use of. Due to travel limits brought about by the pandemic, some colleges ended up not able to offer recent information for this class. If you are a prospective college student, you should make contact with the faculty to check out if they supply analyze journeys and internships overseas. †§
More languages (1): the quantity of languages necessary on graduation, excluding English.
College with doctorates % (6): proportion of faculty with doctoral degrees at April 1.
The classes below are for information only and are not made use of in the ranking calculations.
Typical training course size (months): ordinary size of the masters programme.
Amount enrolled 2020-21: quantity of students who enrolled in the 1st 12 months of the masters programme in the past 12 months.
Ove
rall fulfillment: ordinary analysis by alumni of the masters training course, scored out of 10. After alumni answered different concerns about their masters expertise, including the quality of the school’s professions services, they ended up questioned to amount their over-all fulfillment, on a 10-level scale.
Organization internships (%): the proportion of the very last completing class that undertook internships as aspect of the programme. §
† Consists of information for the present-day and one or two previous yrs the place offered.
‡ For all gender-related standards, colleges with a 50:50 (male/woman) composition acquire the best rating.
* Info from alumni who accomplished their programmes in 2018 incorporated.
§ Done MiM in between March 1, 2020 and February 28, 2021.
