FT Masters in Management ranking 2021: methodology and key

Methodology

This is the seventeenth edition of the FT position of Masters in Management (MiM) programmes.

A document 124 MiM programmes took part in the position process in 2021, up from 114 in 2020. Educational institutions should satisfy demanding conditions in get to be qualified. Their programmes should be entire-time, cohort-primarily based and faculties should be accredited by either AACSB or Equis. Courses should be directed at pupils with minor or no function knowledge. The position addresses typical management programmes, not specialised ones.

The desk is calculated in accordance to details gathered via two independent surveys. The 1st is completed by the small business faculties and the 2nd by alumni who completed their MiM in 2018.

The FT typically requires a response charge of twenty for every cent of alumni, with a least of twenty responses, for a school to enter the position calculations. Because of to the pandemic, the FT thought of faculties with a lower response charge. Some 7,four hundred alumni completed this year’s survey — a response charge of about 29 for every cent.

The position has seventeen conditions. Alumni responses notify 7 conditions that together add 58 details of the ranking’s total pounds. The remaining 10 conditions are calculated from school knowledge and account for 38 details of the pounds.

For this 12 months, the total pounds for the desk is 96 details. Because of to the journey constraints brought about by the pandemic, the pounds for the intercontinental system knowledge class has been lowered. This actions students’ overseas publicity through their degree.

The latest average income of alumni has the greatest weighting, at twenty details. Neighborhood salaries are converted to US bucks making use of acquiring power parity charges (PPP) supplied by the IMF. The salaries of non-income and community company workers, and entire-time pupils, are removed. Salaries are normalised by getting rid of the really greatest and most affordable salaries described.

Salary boost is the 2nd most important criterion, with a weighting of 10 details. It is primarily based on the average difference in alumni income between their 1st MiM-amount job just after completion and their latest income, a few many years just after completion. 50 percent of the pounds is applied to the absolute income boost and the other 50 % is applied to the relative share boost.

The place obtainable, details gathered around the previous a few many years is applied for alumni conditions. Responses from 2021 carry fifty for every cent of the total pounds and those from 2020 and 2019 just about every account for twenty five for every cent. Excluding income-related conditions, if only two many years of knowledge are obtainable, the weighting is break up 60:40 if knowledge are from 2021 and 2020, or 70:thirty if from 2021 and 2019. For income figures, the weighting is fifty:fifty for two years’ knowledge, to negate inflation-related distortions.

Knowledge presented by faculties are applied to measure the diversity of teaching team, board customers and pupils in accordance to gender and nationality and the intercontinental achieve of the programme. For gender conditions, faculties with a fifty:fifty (male: female) composition acquire the greatest score.

When calculating intercontinental diversity, in addition to the share of intercontinental pupils and school at a school — the figures posted — the FT also considers the proportion of intercontinental pupils and school by citizenship.

A score is then calculated for just about every school. To start with, Z-scores — formulas that mirror the selection of scores between the major and bottom school — are calculated for just about every position criterion. These scores are then weighted and added together to give a ultimate score. Educational institutions are rated in accordance to these scores, developing the FT Masters in Management position of 2021.

Following discounting the faculties that did not satisfy the response charge threshold from the alumni survey, a 1st version is calculated making use of all remaining faculties. The school at the bottom is removed and a 2nd version is calculated, and so on until eventually the ultimate position is attained.

Other details in the desk — programme length, the range of pupils enrolled, over-all pleasure and the share of pupils who undertake internships — does not add toward the position. (See the important to the position underneath.)

Judith Pizer of Pizer-MacMillan acted as the FT’s databases specialist.

Important: weights for position conditions are shown in brackets as details.

The total desk pounds provides up to 96 details.

Salary today US$: average income a few many years just after completion (not applied in the position calculation), US$ PPP equivalent (acquiring power parity. See methodology at ft.com/mim-process) †*

Weighted income US$ (twenty): average graduate income a few many years just after completion, adjustment for income versions between sectors, US$ PPP equivalent. †*

Salary boost (10): average difference in alumni income between completion and today. 50 percent of this determine is calculated in accordance to the absolute boost and 50 % in accordance to the relative share boost. †*

Benefit for dollars (five): calculated in accordance to alumni salaries today, service fees and other fees. †*

Vocation development (five): calculated in accordance to adjustments in the amount of seniority and the dimension of organization alumni are functioning for between completion and today. †*

Aims achieved (five): the extent to which alumni fulfilled their ambitions for undertaking a masters. †*

Careers company rank (five): success of the professions company in supporting pupil recruitment, rated by alumni. †*

Employed at a few months % (five): share of the most current finishing class that observed employment within a few months of finishing their system. Determine in brackets is the share of the class for which the school was equipped to deliver knowledge. §

Feminine school % (five): share of female school as of April 1. ‡

Feminine pupils % (five): share of gals on the masters programme on March 31. ‡

Ladies on board % (1): share of gals on the school advisory board. ‡

Worldwide school % (five): calculated in accordance to the diversity of school (on April 1) by citizenship and the share whose citizenship differs from their country of employment — the determine posted in the desk.

Worldwide pupils % (five): calculated in accordance to the diversity of latest MiM pupils by citizenship and the share whose citizenship differs from the country in which they examine — the determine in the desk.

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

Worldwide mobility (eight): calculated in accordance to adjustments in the country of employment of alumni between completion and today. Alumni citizenship is taken into account. †*

Worldwide system knowledge (4): calculated in accordance to whether the most current finishing masters class carried out exchanges and organization internships, long lasting at minimum a thirty day period, in nations other than in which the school is primarily based. Digital activities are not involved. An average calculation was taken from the 2021 survey and the previous two years’ intercontinental system knowledge knowledge (2020 and 2019), if obtainable. For faculties that have taken part for the 1st time this 12 months, only knowledge from the 2021 survey were applied. Because of to journey constraints brought about by the pandemic, some faculties were unable to deliver current knowledge for this class. If you are a potential pupil, please speak to the school to test if they provide examine journeys and internships abroad. †§

More languages (1): the range of languages expected on graduation, excluding English.

College with doctorates % (six): share of school with doctoral levels at April 1.

The types underneath are for details only and are not applied in the ranking calculations.

Normal system length (months): average length of the masters programme.

Range enrolled 2020-21: range of pupils who enrolled in the 1st 12 months of the masters programme in the previous 12 months.

All round pleasure: average evaluation by alumni of the masters system, scored out of 10. Following alumni answered various issues about their masters knowledge, together with the quality of the school’s professions company, they were asked to charge their over-all pleasure, on a 10-stage scale.

Enterprise internships (%): the share of the past finishing class that undertook internships as part of the programme. §

† Incorporates knowledge for the latest and a single or two previous many years in which obtainable.

‡ For all gender-related conditions, faculties with a fifty:fifty (male/female) composition acquire the greatest score.

* Knowledge from alumni who completed their programmes in 2018 involved.

§ Concluded MiM between March 1, 2020 and February 28, 2021.