The University of St Gallen has topped the Financial Times ranking of masters in management programs, in a list that reveals growing global demand for the degrees.
The Swiss business school held the top spot for the fifth consecutive year amid growing competition, outdistancing France's HEC Paris and ESSEC Business School, which came in second and third places respectively.
The 2015 ranking is dominated by European schools, but international demand pushed the number of programs in the table to 80, up from 70 programs ranked last year.
Masters in management courses are geared toward students with little or no previous work experience.
The MiM ranking is based on data collected from two surveys — one of business schools and the other of their alumni who graduated three years ago — and is partly based on how successful alumni have been in their careers, in terms of earnings.
St Gallen’s alumni reported average salaries of $90,000 three years after graduation, the third-highest in Europe behind Germany’s WHU Beisheim and HHL Leipzig. St Gallen is also ranked first for international experience and aims achieved; third for job placement; and fourth for value for money.
Schools from Spain, Italy, the Netherlands and the UK complete the top-10 of the ranking, among them IE Business School and ESCP Europe. But new entries point to the global appeal of MiM degrees.
Eight schools are ranked for the first time, with India’s IIM Bangalore the highest entrant at 26. The 2015 ranking also contains its first joint MiM: the program offered by Spain’s IQS, Fu Jen University of Taiwan, and the University of San Francisco.
Nova School of Business and Economics in Portugal and France’s La Rochelle Business School, are the two highest climbers, up 17 and 16 places respectively to rank at 31 and 48.
British and French business schools dominate this year, accounting for 42% of ranked institutions. These include Grenoble GSB, and Em Lyon Business School of France. For the UK, Lancaster University Management School, Imperial College Business School, Cass Business School, and new entrant Exeter Business School are all ranked.
The number of UK schools rose by two to 13, while French schools increased their tally by three, taking the total to 21.
However for the UK, only London Business School and Warwick Business School moved up the ranking this year, to two and 23 respectively.
This is partly the result of the poor performance of British schools on international course experience, according to the FT data. London Business School for example is ranked at 41 by this criterion. Also, just 0.3% of UK-based students took part in international exchanges, compared with 87% of recent graduates from French schools.
For careers — based on seniority of graduates and size of company — IIM Calcutta came out on top. Two-thirds of the Indian school’s graduates work in companies with more than 5,000 employees, mainly in three sectors: technology and telecoms; finance and banking; and consulting.
WHU Beisheim came first for internships. About three-quarters of students from the class of 2012 received a job offer following their internship, half of them accepting.