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 file 124 MiM programmes took aspect in the position system in 2021, up from 114 in 2020. Educational institutions need to fulfill strict conditions in get to be eligible. Their programmes need to be whole-time, cohort-centered and colleges need to be accredited by possibly AACSB or Equis. Programs need to be directed at learners with little or no work working experience. The position covers typical management programmes, not specialised kinds.

The desk is calculated according to info collected by means of two individual surveys. The initial is finished by the company colleges and the next by alumni who finished their MiM in 2018.

The FT typically necessitates a reaction amount of 20 for each cent of alumni, with a bare minimum of 20 responses, for a faculty to enter the rating calculations. Thanks to the pandemic, the FT viewed as colleges with a decreased reaction charge. Some 7,400 alumni accomplished this year’s survey — a reaction amount of about 29 for every cent.

FT Masters in Management position 2021 — leading 100

London Company Faculty is rated fourth in the league table

Find out which educational institutions are in our rating of Masters in Administration levels. Learn how the table was compiled and study the rest of our coverage at www.ft.com/mim.

The ranking has 17 conditions. Alumni responses notify 7 criteria that with each other contribute 58 details of the ranking’s full weight. The remaining 10 criteria are calculated from university knowledge and account for 38 points of the pounds.

For this calendar year, the overall fat for the table is 96 factors. Because of to the travel limitations induced by the pandemic, the bodyweight for the intercontinental class practical experience class has been lowered. This steps students’ overseas exposure for the duration of their degree.

The present typical income of alumni has the highest weighting, at 20 details. Nearby salaries are transformed to US pounds using getting power parity costs (PPP) equipped by the IMF. The salaries of non-earnings and general public services staff, and total-time students, are taken out. Salaries are normalised by eradicating the extremely maximum and least expensive salaries documented.

Salary boost is the next most critical criterion, with a weighting of 10 factors. It is based on the regular variance in alumni wage concerning their initially MiM-stage occupation after completion and their recent wage, a few many years soon after completion. Fifty percent of the body weight is utilized to the complete income maximize and the other 50 % is utilized to the relative share boost.

Wherever accessible, information gathered above the past 3 several years is employed for alumni conditions. Responses from 2021 carry 50 for each cent of the overall body weight and individuals from 2020 and 2019 every single account for 25 for every cent. Excluding wage-linked standards, if only two yrs of facts are offered, the weighting is split 60:40 if knowledge are from 2021 and 2020, or 70:30 if from 2021 and 2019. For salary figures, the weighting is 50:50 for two years’ knowledge, to negate inflation-similar distortions.

Data provided by educational facilities are utilized to evaluate the variety of instructing staff members, board customers and pupils in accordance to gender and nationality and the international get to of the programme. For gender standards, colleges with a 50:50 (male: female) composition get the optimum rating.

When calculating global diversity, in addition to the proportion of intercontinental pupils and faculty at a faculty — the figures revealed — the FT also considers the proportion of intercontinental pupils and school by citizenship.

A score is then calculated for just about every faculty. To start with, Z-scores — formulation that reflect the variety of scores involving the leading and bottom school — are calculated for just about every ranking criterion. These scores are then weighted and additional together to give a final score. Colleges are rated according to these scores, creating the FT Masters in Administration ranking of 2021.

Immediately after discounting the educational facilities that did not fulfill the response level threshold from the alumni study, a initially edition is calculated making use of all remaining educational facilities. The college at the bottom is eradicated and a 2nd model is calculated, and so on until eventually the closing rating is arrived at.

Other details in the desk — programme size, the variety of students enrolled, over-all fulfillment and the share of students who undertake internships — does not add to the position. (See the critical to the rating under.)

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

Crucial: weights for ranking conditions are revealed in brackets as points.

The complete desk body weight adds up to 96 details.

Wage now US$: normal income a few yrs after completion (not employed in the position calculation), US$ PPP equivalent (acquiring power parity. See methodology at ft.com/mim-strategy) †*

Weighted salary US$ (20): average graduate salary a few years following completion, adjustment for income variations in between sectors, US$ PPP equivalent. †*

Salary increase (10): common variation in alumni wage amongst completion and currently. 50 percent of this figure is calculated according to the complete improve and 50 percent in accordance to the relative percentage maximize. †*

Benefit for income (5): calculated in accordance to alumni salaries now, fees and other expenditures. †*

Profession development (5): calculated in accordance to adjustments in the amount of seniority and the sizing of corporation alumni are performing for between completion and today. †*

Aims obtained (5): the extent to which alumni fulfilled their targets for undertaking a masters. †*

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

Utilized at a few months % (5): share of the most modern finishing class that identified work inside a few months of completing their program. Figure in brackets is the percentage of the course for which the school was capable to give data. §

Feminine school % (5): proportion of female school as of April 1. ‡

Woman pupils % (5): percentage of girls on the masters programme on March 31. ‡

Gals on board % (1): percentage of girls on the college advisory board. ‡

Worldwide faculty % (5): calculated according to the range of school (on April 1) by citizenship and the proportion whose citizenship differs from their nation of employment — the determine released in the desk.

Intercontinental learners % (5): calculated according to the variety of existing MiM students by citizenship and the share whose citizenship differs from the place in which they research — the figure in the desk.

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

Worldwide mobility (8): calculated according to adjustments in the country of employment of alumni involving completion and right now. Alumni citizenship is taken into account. †*

Global training course experience (4): calculated in accordance to regardless of whether the most latest finishing masters class carried out exchanges and company internships, lasting at the very least a month, in international locations other than the place the university is based. Virtual activities are not involved. An typical calculation was taken from the 2021 study and the previous two years’ global training course encounter facts (2020 and 2019), if available. For faculties that have taken part for the to start with time this 12 months, only details from the 2021 survey had been employed. Because of to travel restrictions triggered by the pandemic, some universities had been unable to supply recent details for this category. If you are a future scholar, make sure you get in touch with the faculty to test if they supply study journeys and internships overseas. †§

Extra languages (1): the variety of languages expected on graduation, excluding English.

School with doctorates % (6): percentage of college with doctoral levels at April 1.

The groups under are for information only and are not utilised in the ranking calculations.

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

Selection enrolled 2020-21: variety of pupils who enrolled in the initially 12 months of the masters programme in the past 12 months.

Over-all pleasure: ordinary analysis by alumni of the masters class, scored out of 10. Right after alumni answered several questions about their masters encounter, such as the quality of the school’s careers service, they ended up questioned to price their in general gratification, on a 10-place scale.

Corporation internships (%): the percentage of the previous completing class that undertook internships as portion of the programme. §

† Consists of info for the current and one or two previous yrs in which readily available.

‡ For all gender-relevant conditions, faculties with a 50:50 (male/woman) composition get the optimum rating.

* Facts from alumni who accomplished their programmes in 2018 involved.

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