18/10/2021

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FT Masters in Management ranking 2021: methodology and key

Methodology

This is the 17th version of the FT rating of Masters in Administration (MiM) programmes.

A file 124 MiM programmes took portion in the rating process in 2021, up from 114 in 2020. Faculties ought to meet strict conditions in buy to be eligible. Their programmes ought to be full-time, cohort-based mostly and universities ought to be accredited by both AACSB or Equis. Classes ought to be directed at college students with tiny or no function practical experience. The rating handles general management programmes, not specialised types.

The table is calculated in accordance to information collected by way of two independent surveys. The initially is finished by the company universities and the 2nd by alumni who concluded their MiM in 2018.

The FT generally requires a response price of twenty for every cent of alumni, with a minimum of twenty responses, for a school to enter the rating calculations. Because of to the pandemic, the FT considered universities with a lessen response price. Some seven,400 alumni finished this year’s survey — a response price of about 29 for every cent.

FT Masters in Administration rating 2021 — top a hundred

London Business enterprise University is rated fourth in the league table

Locate out which universities are in our rating of Masters in Administration levels. Understand how the table was compiled and read the rest of our coverage at www.ft.com/mim.

The rating has 17 conditions. Alumni responses notify seven conditions that together contribute fifty eight points of the ranking’s whole weight. The remaining 10 conditions are calculated from school information and account for 38 points of the weight.

For this yr, the whole weight for the table is ninety six points. Because of to the journey limitations brought on by the pandemic, the weight for the international program practical experience classification has been lowered. This measures students’ overseas exposure all through their degree.

The latest normal salary of alumni has the greatest weighting, at twenty points. Community salaries are transformed to US bucks using purchasing electricity parity charges (PPP) equipped by the IMF. The salaries of non-revenue and public support employees, and full-time college students, are taken out. Salaries are normalised by removing the very greatest and cheapest salaries documented.

Salary maximize is the 2nd most important criterion, with a weighting of 10 points. It is based mostly on the normal difference in alumni salary involving their initially MiM-stage job soon after completion and their latest salary, three many years soon after completion. 50 % of the weight is applied to the absolute salary maximize and the other fifty percent is applied to the relative percentage maximize.

In which offered, information collected around the past three many years is utilised for alumni conditions. Responses from 2021 have fifty for every cent of the whole weight and these from 2020 and 2019 just about every account for twenty five for every cent. Excluding salary-related conditions, if only two many years of information are offered, the weighting is split sixty:40 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-related distortions.

Knowledge presented by universities are utilised to measure the variety of teaching personnel, board users and college students in accordance to gender and nationality and the international attain of the programme. For gender conditions, universities with a fifty:fifty (male: feminine) composition get the greatest rating.

When calculating international variety, in addition to the percentage of international college students and faculty at a school — the figures posted — the FT also considers the proportion of international college students and faculty by citizenship.

A rating is then calculated for just about every school. 1st, Z-scores — formulas that replicate the vary of scores involving the top and base school — are calculated for just about every rating criterion. These scores are then weighted and extra together to give a last rating. Faculties are rated in accordance to these scores, generating the FT Masters in Administration rating of 2021.

Following discounting the universities that did not meet the response price threshold from the alumni survey, a initially model is calculated using all remaining universities. The school at the base is taken out and a 2nd model is calculated, and so on until finally the last rating is achieved.

Other information in the table — programme size, the number of college students enrolled, in general pleasure and the percentage of college students who undertake internships — does not contribute toward the rating. (See the important to the rating underneath.)

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

Important: weights for rating conditions are revealed in brackets as points.

The whole table weight adds up to ninety six points.

Salary these days US$: normal salary three many years soon after completion (not utilised in the rating calculation), US$ PPP equal (purchasing electricity parity. See methodology at ft.com/mim-method) †*

Weighted salary US$ (twenty): normal graduate salary three many years soon after completion, adjustment for salary versions involving sectors, US$ PPP equal. †*

Salary maximize (10): normal difference in alumni salary involving completion and these days. 50 % of this figure is calculated in accordance to the absolute maximize and fifty percent in accordance to the relative percentage maximize. †*

Value for funds (5): calculated in accordance to alumni salaries these days, expenses and other costs. †*

Career development (5): calculated in accordance to alterations in the stage of seniority and the size of enterprise alumni are doing work for involving completion and today. †*

Aims achieved (5): the extent to which alumni fulfilled their goals for performing a masters. †*

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

Employed at three months % (5): percentage of the most current completing course that located work within just three months of completing their program. Figure in brackets is the percentage of the course for which the school was capable to give information. §

Feminine faculty % (5): percentage of feminine faculty as of April 1. ‡

Feminine college students % (5): percentage of females on the masters programme on March 31. ‡

Females on board % (1): percentage of females on the school advisory board. ‡

Worldwide faculty % (5): calculated in accordance to the variety of faculty (on April 1) by citizenship and the percentage whose citizenship differs from their state of work — the figure posted in the table.

Worldwide college students % (5): calculated in accordance to the variety of latest MiM college students by citizenship and the percentage whose citizenship differs from the state in which they study — the figure in the table.

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

Worldwide mobility (eight): calculated in accordance to alterations in the state of work of alumni involving completion and these days. Alumni citizenship is taken into account. †*

Worldwide program practical experience (4): calculated in accordance to no matter whether the most current completing masters course carried out exchanges and enterprise internships, lasting at minimum a month, in nations around the world other than the place the school is based mostly. Virtual encounters are not incorporated. An normal calculation was taken from the 2021 survey and the past two years’ international program practical experience information (2020 and 2019), if offered. For universities that have taken portion for the initially time this yr, only information from the 2021 survey were utilised. Because of to journey limitations brought on by the pandemic, some universities were not able to give current information for this classification. If you are a future student, you should make contact with the school to examine if they present study trips and internships abroad. †§

More languages (1): the number of languages required on graduation, excluding English.

School with doctorates % (six): percentage of faculty with doctoral levels at April 1.

The groups underneath are for information only and are not utilised in the ranking calculations.

Regular program size (months): normal size of the masters programme.

Range enrolled 2020-21: number of college students who enrolled in the initially yr of the masters programme in the past yr.

Over-all pleasure: normal evaluation by alumni of the masters program, scored out of 10. Following alumni answered many concerns about their masters practical experience, which includes the top quality of the school’s occupations support, they were questioned to price their in general pleasure, on a 10-place scale.

Corporation internships (%): the percentage of the very last completing course that undertook internships as portion of the programme. §

† Incorporates information for the latest and one or two preceding many years the place offered.

‡ For all gender-related conditions, universities with a fifty:fifty (male/feminine) composition get the greatest rating.

* Knowledge from alumni who finished their programmes in 2018 incorporated.

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