FT Masters in Management ranking 2021: methodology and key

Methodology

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

A document 124 MiM programmes took component in the rating course of action in 2021, up from 114 in 2020. Universities must meet rigorous standards in order to be suitable. Their programmes will have to be whole-time, cohort-based and educational facilities must be accredited by either AACSB or Equis. Programs have to be directed at students with very little or no do the job experience. The ranking addresses common management programmes, not specialised kinds.

The table is calculated in accordance to facts collected through two different surveys. The very first is done by the business faculties and the 2nd by alumni who completed their MiM in 2018.

The FT generally demands a response rate of 20 per cent of alumni, with a minimum amount of 20 responses, for a college to enter the ranking calculations. Owing to the pandemic, the FT regarded faculties with a reduce response amount. Some 7,400 alumni done this year’s survey — a response charge of about 29 for every cent.

FT Masters in Management position 2021 — top rated 100

London Company University is rated fourth in the league table

Locate out which faculties are in our ranking of Masters in Administration degrees. Master how the desk was compiled and examine the rest of our coverage at www.ft.com/mim.

The position has 17 standards. Alumni responses notify 7 requirements that alongside one another add 58 points of the ranking’s whole excess weight. The remaining 10 conditions are calculated from faculty details and account for 38 points of the fat.

For this 12 months, the full excess weight for the table is 96 points. Because of to the travel limitations prompted by the pandemic, the pounds for the international class working experience category has been reduced. This actions students’ abroad publicity all through their diploma.

The existing average wage of alumni has the highest weighting, at 20 details. Neighborhood salaries are converted to US dollars making use of getting ability parity fees (PPP) supplied by the IMF. The salaries of non-revenue and community company employees, and complete-time students, are taken off. Salaries are normalised by taking away the incredibly optimum and lowest salaries reported.

Wage improve is the second most important criterion, with a weighting of 10 factors. It is centered on the average variance in alumni wage involving their initially MiM-amount occupation soon after completion and their existing income, three several years immediately after completion. Fifty percent of the weight is used to the complete salary raise and the other half is used to the relative percentage enhance.

Wherever offered, information gathered around the previous 3 many years is made use of for alumni requirements. Responses from 2021 carry 50 for every cent of the overall body weight and individuals from 2020 and 2019 every account for 25 for each cent. Excluding salary-related conditions, if only two a long time of knowledge are obtainable, the weighting is split 60:40 if information are from 2021 and 2020, or 70:30 if from 2021 and 2019. For salary figures, the weighting is 50:50 for two years’ data, to negate inflation-relevant distortions.

Info supplied by schools are used to measure the variety of instructing team, board customers and learners in accordance to gender and nationality and the worldwide access of the programme. For gender conditions, educational institutions with a 50:50 (male: woman) composition get the maximum score.

When calculating intercontinental range, in addition to the share of worldwide pupils and school at a school — the figures printed — the FT also considers the proportion of worldwide learners and college by citizenship.

A score is then calculated for each individual university. First, Z-scores — formulas that replicate the vary of scores in between the top and bottom faculty — are calculated for each and every position criterion. These scores are then weighted and extra collectively to give a last rating. Schools are ranked according to these scores, developing the FT Masters in Management position of 2021.

Just after discounting the faculties that did not meet the reaction level threshold from the alumni survey, a first model is calculated making use of all remaining universities. The university at the bottom is eradicated and a 2nd model is calculated, and so on right until the remaining rating is attained.

Other data in the table — programme duration, the amount of college students enrolled, all round pleasure and the share of college students who undertake internships — does not add to the rating. (See the key to the position down below.)

Judith Pizer of Pizer-MacMillan acted as the FT’s databases specialist.

Crucial: weights for rating standards are proven in brackets as points.

The total table bodyweight provides up to 96 factors.

Income right now US$: ordinary wage three decades immediately after completion (not employed in the ranking calculation), US$ PPP equal (buying ability parity. See methodology at ft.com/mim-process) †*

Weighted wage US$ (20): common graduate income a few a long time just after completion, adjustment for wage versions among sectors, US$ PPP equivalent. †*

Wage boost (10): average variation in alumni salary concerning completion and now. Half of this determine is calculated according to the absolute maximize and half according to the relative proportion increase. †*

Value for cash (5): calculated according to alumni salaries nowadays, service fees and other expenditures. †*

Career development (5): calculated in accordance to variations in the degree of seniority and the size of firm alumni are doing work for concerning completion and today. †*

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

Occupations assistance rank (5): efficiency of the occupations service in supporting scholar recruitment, rated by alumni. †*

Utilized at 3 months % (5): proportion of the most new completing class that observed employment inside three months of completing their course. Figure in brackets is the percentage of the class for which the school was in a position to provide facts. §

Woman faculty % (5): percentage of feminine college as of April 1. ‡

Woman college students % (5): share of women on the masters programme on March 31. ‡

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

Intercontinental school % (5): calculated in accordance to the diversity of school (on April 1) by citizenship and the proportion whose citizenship differs from their country of work — the determine revealed in the desk.

International students % (5): calculated according to the range of latest MiM pupils by citizenship and the proportion whose citizenship differs from the place in which they examine — the determine in the desk.

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

Worldwide mobility (8): calculated in accordance to improvements in the nation of employment of alumni among completion and these days. Alumni citizenship is taken into account. †*

International system knowledge (4): calculated in accordance to no matter if the most recent finishing masters course carried out exchanges and firm internships, long lasting at least a month, in nations other than wherever the school is dependent. Digital activities are not provided. An common calculation was taken from the 2021 survey and the past two years’ worldwide class expertise data (2020 and 2019), if out there. For colleges that have taken section for the initial time this year, only facts from the 2021 study have been employed. Because of to journey restrictions triggered by the pandemic, some educational facilities were unable to supply new facts for this classification. If you are a potential college student, be sure to get hold of the college to check if they present study excursions and internships overseas. †§

Excess languages (1): the number of languages essential on graduation, excluding English.

School with doctorates % (6): share of faculty with doctoral degrees at April 1.

The classes beneath are for details only and are not utilized in the ranking calculations.

Regular program duration (months): typical length of the masters programme.

Variety enrolled 2020-21: variety of college students who enrolled in the initial year of the masters programme in the previous calendar year.

Total fulfillment: ordinary analysis by alumni of the masters training course, scored out of 10. Soon after alumni answered different concerns about their masters practical experience, including the quality of the school’s occupations company, they ended up questioned to rate their general fulfillment, on a 10-level scale.

Business internships (%): the proportion of the last completing course that undertook internships as section of the programme. §

† Includes info for the present-day and 1 or two preceding decades the place out there.

‡ For all gender-relevant requirements, schools with a 50:50 (male/feminine) composition acquire the maximum score.

* Knowledge from alumni who done their programmes in 2018 involved.

§ Concluded MiM concerning March 1, 2020 and February 28, 2021.