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So much is the same and yet so much is different in the FT’s latest round of Master in Management, or MiM, rankings. 

What’s remained relatively unchanged from 2019 to 2020 is the list of heavy-hitting European Business schools that top FT’s MiM ranking. Nine of this year’s top ten schools were in the 2019 top ten as well. 

And once again, University of St. Gallen takes the number one spot in FT’s MiM ranking:

1. University of St. Gallen
2. HEC Paris
3. ESSEC Business School
4. London Business School
5. Rotterdam School of Management, Erasmus University
6. ESCP Business School
7. Stockholm School of Economics
8. University College Dublin, Smurfit Graduate Business School
9. SDA Bocconi School of Management
10. Imperial College Business School

What’s shifted dramatically is not the FT ranking itself, but the outside world around that ranking.

According to FT, the economic changes that 2020 has unleashed have led to a resurgence of interest in the MiM degree.

The Master in Management is an early-career degree that generally does not require previous work experience. When the economy was hot, the decision to go for a MiM required some balancing of the advantages with the possible opportunity cost.

Now, as FT points out, the opportunity cost is less. 

Tim Mescon, an executive vice president and chief officer for the Association to Advance Collegiate Schools of Business, told FT that “the pandemic has only increased interest in the MiM,” similar to “the phenomenon we saw in 2008-09 when the financial crisis caused the last global meltdown.”

Therefore, while the FT’s slate of top MiM programs is comparable to previous years, the MiM itself may be taking on new importance for early-career professionals who decide now is the time to get a graduate business degree.

So what factors does FT look at to produce its MiM ranking?

The most influential data points in its methodology are graduates’ salaries three years after graduation and salary increases over the three years following graduation, which account for 20 and 10 percent of a school’s rank respectively. 

Students’ ability to have international experiences as part of their programs and their international mobility after graduation each determine a further 8 percent of a school’s score. A variety of other factors have weights of between 1 and 5 percent. 

The motivation behind that methodology is that the best graduate business programs tend to increase alums’ earning potential and international mobility.

If you’re wondering what you can do to maximize your chances of getting into a business school that provides those advantages, we’d be happy to give you personalized feedback. Get in touch with us to ask for a free application assessment!

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