The Swiss school beat 90 other business schools globally to take the crown, thanks in large part to the continued success of its alumni.
The average salary of St Gallen’s grads surged to $102,000 three years after graduation, up from $90,000 last year.
That’s the third-highest overall — behind the two prestigious Indian Institutes of Management in Ahmedabad and Bangalore, whose alums are netting $109,000 and $106,000 paycheques...
The FT’s ranking is partly based on what alumni have achieved in their careers, as reflected in the salary data from the Class of 2013.
So it’s unsurprising that St Gallen’s alumni are waxing lyrical about the school — 95% of them told the FT they were satisfied with the program, 2% above competitors London Business School and WHU Beisheim of Germany.
It also came first for international mobility, and second for international experience and employment (100% of its cohort landed jobs within three months of donning graduation caps).
St Gallen’s success illustrates European domination of the FT’s annual ranking.
French business schools HEC Paris and ESSEC Business School ranked no 2 and no 3 respectively for the third consecutive year.
And the Stockholm School of Economics climbed 16 places to rank no 28, making it this year’s highest climber.
Unlike MBAs, masters in management are a largely European phenomenon — 44% of ranked MiM programs are in France and the UK.
However, the US has shown signs of warming to the degree. “There is growing recognition and awareness of one-year masters degrees in management in the US,” said Russ Morgan, associate dean at Duke University’s Fuqua School of Business, which launched one in 2013.
Arizona’s WP Carey School of Business is the first US school to be ranked by the FT for a MiM, at no 82.
A handful of top US schools have rolled out the courses, including Michigan’s Ross School of Business, Kellogg School of Management and Mendoza College.
This is largely due to the success the programs have brought to Europe. They target fresh undergraduates, often from the same university, who have an average age of 22 and little or no professional work experience.
At a time when the job market for Millennials — market jargon for a 20-something — has shown signs of squeeze, a MiM degree can give an undergraduate an edge over their peers.
“The demand and competition in the marketplace has increased. They are looking for the ability to differentiate themselves in the marketplace,” said Amy Dittmar, senior associate dean for graduate programs at Michigan Ross.
More than 90% of alumni from the most recent graduating cohorts landed jobs within three months of completing the degree, according to the FT data.
Most go into consulting and finance and banking, say business schools.
Register for free to continue reading
Student Reviews
ESSEC Business School
RECAPTHA :
c4
af
65
0f
The best of our Premium Articles