FT Masters in Management ranking 2021: methodology and key

Methodology

This is the seventeenth version of the FT ranking of Masters in Administration (MiM) programmes.

A report 124 MiM programmes took element in the ranking procedure in 2021, up from 114 in 2020. Schools must satisfy strict standards in buy to be qualified. Their programmes must be full-time, cohort-based mostly and faculties must be accredited by possibly AACSB or Equis. Classes must be directed at pupils with minor or no function working experience. The ranking handles typical administration programmes, not specialised kinds.

The desk is calculated in accordance to information and facts collected through two independent surveys. The initially is finished by the business enterprise faculties and the next by alumni who completed their MiM in 2018.

The FT typically involves a reaction charge of 20 for every cent of alumni, with a minimum of 20 responses, for a school to enter the ranking calculations. Thanks to the pandemic, the FT regarded as faculties with a decreased reaction charge. Some seven,four hundred alumni finished this year’s survey — a reaction charge of about 29 for every cent.

The ranking has seventeen standards. Alumni responses advise seven standards that jointly add fifty eight points of the ranking’s whole pounds. The remaining 10 standards are calculated from school information and account for 38 points of the pounds.

For this 12 months, the whole pounds for the desk is 96 points. Thanks to the travel restrictions brought about by the pandemic, the pounds for the international study course working experience group has been diminished. This measures students’ overseas exposure in the course of their degree.

The recent common wage of alumni has the best weighting, at 20 points. Neighborhood salaries are transformed to US dollars working with buying power parity rates (PPP) supplied by the IMF. The salaries of non-revenue and public provider staff, and full-time pupils, are taken out. Salaries are normalised by eradicating the very best and least expensive salaries noted.

Salary enhance is the next most important criterion, with a weighting of 10 points. It is based mostly on the common big difference in alumni wage between their initially MiM-level position following completion and their recent wage, 3 many years following completion. 50 percent of the pounds is utilized to the complete wage enhance and the other fifty percent is utilized to the relative proportion enhance.

Exactly where available, information and facts collected above the earlier 3 many years is employed for alumni standards. Responses from 2021 carry 50 for every cent of the whole pounds and individuals from 2020 and 2019 each individual account for twenty five for every cent. Excluding wage-related standards, if only two many years of information are available, the weighting is break up 60:forty if information are from 2021 and 2020, or 70:thirty if from 2021 and 2019. For wage figures, the weighting is 50:50 for two years’ information, to negate inflation-related distortions.

Details supplied by faculties are employed to evaluate the variety of training staff members, board customers and pupils in accordance to gender and nationality and the international achieve of the programme. For gender standards, faculties with a 50:50 (male: feminine) composition get the best rating.

When calculating international variety, in addition to the proportion of international pupils and school at a school — the figures printed — the FT also considers the proportion of international pupils and school by citizenship.

A rating is then calculated for each individual school. First, Z-scores — formulation that reflect the range of scores between the top and base school — are calculated for each individual ranking criterion. These scores are then weighted and additional jointly to give a final rating. Schools are rated in accordance to these scores, creating the FT Masters in Administration ranking of 2021.

Soon after discounting the faculties that did not satisfy the reaction charge threshold from the alumni survey, a initially version is calculated working with all remaining faculties. The school at the base is taken out and a next version is calculated, and so on until eventually the final ranking is attained.

Other information and facts in the desk — programme duration, the amount of pupils enrolled, total pleasure and the proportion of pupils who undertake internships — does not add in the direction of the ranking. (See the essential to the ranking below.)

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

Vital: weights for ranking standards are demonstrated in brackets as points.

The whole desk pounds adds up to 96 points.

Salary right now US$: common wage 3 many years following completion (not employed in the ranking calculation), US$ PPP equivalent (buying power parity. See methodology at ft.com/mim-strategy) †*

Weighted wage US$ (20): common graduate wage 3 many years following completion, adjustment for wage variations between sectors, US$ PPP equivalent. †*

Salary enhance (10): common big difference in alumni wage between completion and right now. 50 percent of this figure is calculated in accordance to the complete enhance and fifty percent in accordance to the relative proportion enhance. †*

Worth for cash (5): calculated in accordance to alumni salaries right now, expenses and other expenses. †*

Occupation progress (5): calculated in accordance to modifications in the level of seniority and the sizing of organization alumni are performing for between completion and today. †*

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

Occupations provider rank (5): success of the professions provider in supporting scholar recruitment, rated by alumni. †*

Utilized at 3 months % (5): proportion of the most latest completing course that observed work within just 3 months of completing their study course. Determine in brackets is the proportion of the course for which the school was ready to offer information. §

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

Feminine pupils % (5): proportion of gals on the masters programme on March 31. ‡

Females on board % (1): proportion of gals on the school advisory board. ‡

International school % (5): calculated in accordance to the variety of school (on April 1) by citizenship and the proportion whose citizenship differs from their country of work — the figure printed in the desk.

International pupils % (5): calculated in accordance to the variety of recent MiM pupils by citizenship and the proportion whose citizenship differs from the country in which they study — the figure in the desk.

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

International mobility (eight): calculated in accordance to modifications in the country of work of alumni between completion and right now. Alumni citizenship is taken into account. †*

International study course working experience (4): calculated in accordance to irrespective of whether the most latest completing masters course carried out exchanges and organization internships, long lasting at minimum a month, in nations other than exactly where the school is based mostly. Digital encounters are not integrated. An common calculation was taken from the 2021 survey and the earlier two years’ international study course working experience information (2020 and 2019), if available. For faculties that have taken element for the initially time this 12 months, only information from the 2021 survey ended up employed. Thanks to travel restrictions brought about by the pandemic, some faculties ended up unable to offer latest information for this group. If you are a potential scholar, make sure you make contact with the school to test if they offer you study visits and internships overseas. †§

Excess languages (1): the amount of languages expected on graduation, excluding English.

Faculty with doctorates % (six): proportion of school with doctoral levels at April 1.

The classes below are for information and facts only and are not employed in the ranking calculations.

Regular study course duration (months): common duration of the masters programme.

Number enrolled 2020-21: amount of pupils who enrolled in the initially 12 months of the masters programme in the earlier 12 months.

General pleasure: common analysis by alumni of the masters study course, scored out of 10. Soon after alumni answered many concerns about their masters working experience, together with the quality of the school’s professions provider, they ended up requested to charge their total pleasure, on a 10-level scale.

Business internships (%): the proportion of the final completing course that undertook internships as element of the programme. §

† Contains information for the recent and one particular or two previous many years exactly where available.

‡ For all gender-related standards, faculties with a 50:50 (male/feminine) composition get the best rating.

* Details from alumni who finished their programmes in 2018 integrated.

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