Switzerland’s University of St Gallen continues to be the best place in the world to study a Master in Management, according to the 2021 Financial Times Master in Management ranking. St Gallen has held the top spot for the past 11 years.
Europe dominates the ranking, with the top 10 programs all offered by European business schools.
French schools including prestigious Grande Ecoles like HEC Paris and EDHEC Business School place well, with four of the top 10 Master in Management programs located in France.
A record 124 schools took part in the 2021 ranking, up from 114 the previous year. Schools receive scores across a number of categories, with the highest weighting given to current average alumni salaries (20%) and average salary increases between a graduate’s first MiM level job and their salary three years after graduation (10%).
Best Master in Management Ranking
Master in Management Ranking | A European-dominated top 10
St Gallen’s MA in Strategy and International Management (SIM) is top-ranked because of its high average alumni salaries of around $123,000—the third highest among the top 100 programs.
The St Gallen SIM is also boosted by a strong careers showing; the program's career service is ranked first globally and 93% of graduates report the program helped them achieve their aims.
Another non-mover, HEC Paris takes second place in the ranking, a position it’s held since 2014. The prestigious French business school is buoyed by strong average salaries of around $114,000, and average salary increases of 80%.
University College Dublin’s Smurfit School comes in third with average salaries of $94,000 and average salary increases of 81%—the highest among the top 10. The top five is completed by the UK’s London Business School, and the Netherlands’ Erasmus University Rotterdam School of Management.
French business schools dominate the Master in Management ranking, taking four of the top 10 places. ESSEC, ESCP, and EDHEC business schools join HEC Paris at the top, taking sixth, seventh, and ninth place.
The top 10 is completed by Stockholm School of Economics and Imperial College Business School, meaning the 10 best Master in Management programs are all based in Europe.
Master in Management Ranking | Beyond Europe
Looking beyond the top 10, the ranking becomes more global. The Global 3 Master in Management, which is offered by business schools in the US, China, and Spain, is the first program featuring non-European schools in the ranking, taking 11th place.
A number of Asian Business schools make it into the ranking. China’s Tsinghua University School of Economics and Management takes 20th place, while the Indian Institute of Management Ahmedabad (IIMA) comes in 26th place.
The IIMA has the highest average student salaries among the top 100, with graduates earning just under $140,000 on average within three years of graduation.
China’s Tongji University School of Economics and Management and Shanghai Jiao Tong University’s Antai College of Economics and Management also feature in the top 50, along with India’s SP Jain Institute of Management and Research and Indian Institute of Management Bangalore.
Hult International Business School is the only US-based school with a Master in Management program among the top 100, with the MBA still the dominant degree in the US.
The Financial Times Master in Management rankings are based on surveys of both alumni and schools. Alumni responses comprise 58% of the total ranking, while school data is worth 42%.
To be eligible, a school must offer a full-time, cohort based, Master in Management program aimed at students with little or no prior work experience. The school must also be accredited by the AACSB or Equis.