FT Masters in Management ranking 2021: methodology and key

Methodology

This is the 17th edition of the FT ranking of Masters in Administration (MiM) programmes.

A record 124 MiM programmes took section in the ranking system in 2021, up from 114 in 2020. Faculties ought to meet up with rigid criteria in get to be eligible. Their programmes ought to be comprehensive-time, cohort-dependent and universities ought to be accredited by both AACSB or Equis. Programs ought to be directed at students with minimal or no do the job experience. The ranking addresses common management programmes, not specialised kinds.

The table is calculated in accordance to information and facts gathered via two independent surveys. The 1st is concluded by the business universities and the second by alumni who concluded their MiM in 2018.

The FT normally involves a response price of twenty per cent of alumni, with a minimum amount of twenty responses, for a university to enter the ranking calculations. Because of to the pandemic, the FT deemed universities with a decrease response price. Some seven,400 alumni concluded this year’s survey — a response price of about 29 per cent.

FT Masters in Administration ranking 2021 — prime 100

London Enterprise Faculty is ranked fourth in the league table

Come across out which universities are in our ranking of Masters in Administration degrees. Understand how the table was compiled and read through the relaxation of our coverage at www.ft.com/mim.

The ranking has 17 criteria. Alumni responses inform 7 criteria that alongside one another lead fifty eight points of the ranking’s total fat. The remaining 10 criteria are calculated from university information and account for 38 points of the fat.

For this 12 months, the total fat for the table is ninety six points. Because of to the vacation limitations induced by the pandemic, the fat for the intercontinental study course experience category has been reduced. This actions students’ abroad publicity for the duration of their degree.

The present typical salary of alumni has the maximum weighting, at twenty points. Area salaries are transformed to US dollars making use of buying electric power parity costs (PPP) equipped by the IMF. The salaries of non-financial gain and public support staff, and comprehensive-time students, are eradicated. Salaries are normalised by removing the very maximum and cheapest salaries reported.

Salary raise is the second most important criterion, with a weighting of 10 points. It is dependent on the typical variance in alumni salary involving their 1st MiM-stage job after completion and their present salary, three years after completion. 50 % of the fat is used to the absolute salary raise and the other fifty percent is used to the relative proportion raise.

Where by available, information and facts gathered more than the earlier three years is applied for alumni criteria. Responses from 2021 carry fifty per cent of the total fat and those from 2020 and 2019 every single account for 25 per cent. Excluding salary-linked criteria, if only two years of information are available, the weighting is split 60:forty if information are from 2021 and 2020, or 70:30 if from 2021 and 2019. For salary figures, the weighting is fifty:fifty for two years’ information, to negate inflation-linked distortions.

Information offered by universities are applied to measure the range of instructing personnel, board customers and students in accordance to gender and nationality and the intercontinental get to of the programme. For gender criteria, universities with a fifty:fifty (male: feminine) composition receive the maximum score.

When calculating intercontinental range, in addition to the proportion of intercontinental students and school at a university — the figures posted — the FT also considers the proportion of intercontinental students and school by citizenship.

A score is then calculated for every single university. Very first, Z-scores — formulas that reflect the vary of scores involving the prime and base university — are calculated for every single ranking criterion. These scores are then weighted and extra alongside one another to give a ultimate score. Faculties are ranked in accordance to these scores, developing the FT Masters in Administration ranking of 2021.

Right after discounting the universities that did not meet up with the response price threshold from the alumni survey, a 1st model is calculated making use of all remaining universities. The university at the base is eradicated and a second model is calculated, and so on until eventually the ultimate ranking is arrived at.

Other information and facts in the table — programme duration, the variety of students enrolled, over-all fulfillment and the proportion of students who undertake internships — does not lead in direction of the ranking. (See the critical to the ranking under.)

Judith Pizer of Pizer-MacMillan acted as the FT’s database consultant.

Crucial: weights for ranking criteria are shown in brackets as points.

The total table fat adds up to ninety six points.

Salary currently US$: typical salary three years after completion (not applied in the ranking calculation), US$ PPP equal (buying electric power parity. See methodology at ft.com/mim-method) †*

Weighted salary US$ (twenty): typical graduate salary three years after completion, adjustment for salary variants involving sectors, US$ PPP equal. †*

Salary raise (10): typical variance in alumni salary involving completion and currently. 50 % of this figure is calculated in accordance to the absolute raise and fifty percent in accordance to the relative proportion raise. †*

Worth for income (5): calculated in accordance to alumni salaries currently, fees and other charges. †*

Profession progress (5): calculated in accordance to changes in the stage of seniority and the measurement of corporation alumni are functioning for involving completion and today. †*

Aims attained (5): the extent to which alumni fulfilled their goals for carrying out a masters. †*

Professions support rank (5): usefulness of the careers support in supporting university student recruitment, rated by alumni. †*

Employed at three months % (5): proportion of the most the latest finishing class that discovered employment in three months of finishing their study course. Figure in brackets is the proportion of the class for which the university was capable to supply information. §

Feminine school % (5): proportion of feminine school as of April 1. ‡

Feminine students % (5): proportion of women of all ages on the masters programme on March 31. ‡

Girls on board % (1): proportion of women of all ages on the university advisory board. ‡

International school % (5): calculated in accordance to the range of school (on April 1) by citizenship and the proportion whose citizenship differs from their nation of employment — the figure posted in the table.

International students % (5): calculated in accordance to the range of present MiM students by citizenship and the proportion whose citizenship differs from the nation in which they research — the figure in the table.

International board % (1): proportion of the board whose citizenship differed from the school’s home country.

International mobility (eight): calculated in accordance to changes in the nation of employment of alumni involving completion and currently. Alumni citizenship is taken into account. †*

International study course experience (four): calculated in accordance to irrespective of whether the most the latest finishing masters class carried out exchanges and corporation internships, long lasting at the very least a month, in nations other than the place the university is dependent. Virtual activities are not incorporated. An typical calculation was taken from the 2021 survey and the earlier two years’ intercontinental study course experience information (2020 and 2019), if available. For universities that have taken section for the 1st time this 12 months, only information from the 2021 survey have been applied. Because of to vacation limitations induced by the pandemic, some universities have been unable to supply the latest information for this category. If you are a possible university student, remember to call the university to examine if they give research visits and internships abroad. †§

Additional languages (1): the variety of languages expected on graduation, excluding English.

Faculty with doctorates % (6): proportion of school with doctoral degrees at April 1.

The groups under are for information and facts only and are not applied in the ranking calculations.

Common study course duration (months): typical duration of the masters programme.

Amount enrolled 2020-21: variety of students who enrolled in the 1st 12 months of the masters programme in the earlier 12 months.

Over-all fulfillment: typical analysis by alumni of the masters study course, scored out of 10. Right after alumni answered various thoughts about their masters experience, like the excellent of the school’s careers support, they have been questioned to price their over-all fulfillment, on a 10-issue scale.

Business internships (%): the proportion of the past finishing class that undertook internships as section of the programme. §

† Contains information for the present and a single or two previous years the place available.

‡ For all gender-linked criteria, universities with a fifty:fifty (male/feminine) composition receive the maximum score.

* Information from alumni who concluded their programmes in 2018 incorporated.

§ Completed MiM involving March 1, 2020 and February 28, 2021.