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Financial Times Masters In Management Ranking | Top 10 Revealed

Find out which schools offer the world’s best Master in Management programs with the Financial Times Masters in Management ranking for 2022

By  Matt Kefford

Mon Sep 12 2022

Switzerland’s University of St Gallen is once again the top business school in the world to study a Master in Management, according to the Financial Times Global Masters in Management ranking 2022. St Gallen has held this status for the past 12 years. 

Europe dominates the ranking, with the top 10 programs all offered by European business schools. 

French schools including prestigious Grandes Ecoles like HEC Paris and ESSEC Business School rank highly, with four of the top 10 Masters in Management programs located in France.

A record 135 schools took part in the 2022 ranking, up from 124 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 Masters in Management Ranking

Masters in Management Ranking | A European-dominated top 10

St Gallen’s MA in Strategy and International Management (SIM) is top-ranked largely due to its high average alumni salaries of around $138,000—the second highest among the top 100 programs. 

St Gallen is also boosted by a strong careers faculty 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 $119,000. Alumni average salaries also increase by around 77%. 

Rotterdam School of Management (RSM) dethrones University College Dublin’s Smurfit School from third place in 2022. RSM sees 97% of grads employed three months after graduation with average salaries of $101,961. 

The top five is completed by Sweden’s Stockholm School of Economics, and France’s ESCP Business School. 

The French business schools who join HEC Paris to dominate the top 10 places are ESCP, ESSEC, and EMLyon, taking fifth, sixth, and ninth place. 

The top 10 is completed by London Business School, University of College Dublin Smurfit, and ESMT Berlin. 

Download our Master in Management Guide 2023 


Masters in Management Ranking | Beyond Europe 

Looking beyond the top 10, the ranking becomes more global. China’s Tsinghua University School of Economics and Management is the first non-European school among the ranking, taking 11th place, an impressive jump from its 20th position last year. 

This year, Tsinghua has impressive statistics—100% of students are employed three months after graduation with average salaries of $115k, which relates to a 74% increase. 

The Indian Institute of Management of Bangalore has the highest average student salaries among the top 100, with graduates earning $144k on average within three years of graduation. The business school has seen an impressive leap this year from 47th in 2021 to 31st in 2022.

This year’s ranking sees a bigger presence of Chinese, Russian, and Indian Masters in Management programs in the top-50 positions. 

These include: IBS-Moscow Ranepa (12), Shanghai Jiao Tong University’s Antai College of Economics and Management (18), Tongji University School of Economics and Management (21), St Petersburg University’s Graduate School of Management (22), and India’s SP Jain Institute of Management & Research (44).

Hult International Business School and the University of South Carolina’s Moore School of Business are the only US-based schools with management programs ranked among the top 100. The MBA remains the dominant degree in the US. 

The Financial Times Masters in Management ranking is based on surveys of both alumni and schools. Alumni responses comprise 59% of the total ranking, while school data is worth 41%. 

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 AACSN or Equis.

FT Masters in Management Ranking: 2021 | 2020 | 2019 | 20182017

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