As birthplace to the Master in Management, it comes as no surprise that the QS ranking is hugely Eurocentric. However, the degree is growing in importance and recognition in the US as more schools announce the launch of MiM degrees and international students flock to reap the benefits of studying in the US. In the 2024 ranking, two US business schools have squeezed their way into the top 20.
Here are the world’s best Master in Management programs in 2024, according to QS.
Top 10 Best Master in Management Programs
As in the Financial Times MiM ranking 2023, announced earlier this year, HEC Paris has been crowned in first place by QS. The prestigious French business school has an almost perfect record across the ranking. It is ranked first for employability—which accounts for 35% of the total score—entrepreneurship and alumni outcomes (15%), value for money (20%), and thought leadership (20%).
Master in Management programs in the ranking are also scored for diversity. The highest scored schools include IESEG School of Management in France, EU Business School in Spain, and ICN Business School in France.
Other French business schools in the top 10 include ESSEC Business School in second place, INSEAD taking the fifth spot and ESCP Business School in sixth. Each of these respective school rank highly across the evaluated categories. ESSEC joins HEC Paris as the top ranked MiM degree for value for money. INSEAD ranks in fourth place for thought leadership and employability.
Making up the cohort of European business schools in the top 10 are London Business School in third place, Spain’s IE Business School in fourth place, the joint MiM degree offered by ESADE Business School in Spain, UVA McIntire in the US and Lingnan College in China ranks in seventh position, followed by ESADE’s own MiM in eighth place. Copenhagen Business School and WU Vienna secure ninth and 10th place, respectively.
The only change among the top 10 compared to the previous year is the switching of ESCP and ESADE.
10 Best Master In Management Programs
Best Master in Management Programs | Beyond Europe
European business schools continue to dominate beyond the top 10. However, breaking into the top 20 are US b-schools Michigan Ross in 19th and Duke Fuqua in 20th place. Duke has risen in the ranking up from 23th position the previous year. The only other US business school among the top 50 is Boston (Questrom) in 46th place.
There are two Canadian business schools among the top 50—British Columbia Sauder ranked 36th and Ivey Business School in 49th.
Across the globe in Asia, Peking University HSBC Business School ranks in 21th position—dropping four places from the previous year—and HKUST in Hong Kong comes in at 47th.
IIM Bangalore, IIM Ahmedabad, and IIM Calcutta are the only three Indian business schools among the top 100. Significantly IIM Ahmedabad has dropped from 29th position to 42nd. This is the most any business school has moved among the top 50 compared to the previous year. Interestingly, in the Financial Times ranking 2023, Indian business schools secured 11 places within the top 100.
The QS Business Master’s Rankings includes programs that are mainly taught in-person and full-time. All schools must be accredited by AACSB, AMBA or EFMD. The rankings are decided based on three surveys: the QS Global Employer Survey, the QS Global Academic Survey and a survey completed by business schools themselves.