FT Masters in Management ranking 2021: methodology and key

Methodology

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

A file 124 MiM programmes took section in the position method in 2021, up from 114 in 2020. Universities should satisfy strict conditions in purchase to be suitable. Their programmes should be entire-time, cohort-based and schools should be accredited by possibly AACSB or Equis. Courses should be directed at students with little or no operate knowledge. The position addresses basic management programmes, not specialised kinds.

The desk is calculated in accordance to facts collected via two individual surveys. The 1st is completed by the small business schools and the second by alumni who concluded their MiM in 2018.

The FT normally demands a response fee of 20 per cent of alumni, with a minimum of 20 responses, for a university to enter the position calculations. Owing to the pandemic, the FT viewed as schools with a reduce response fee. Some 7,400 alumni completed this year’s survey — a response fee of about 29 per cent.

FT Masters in Administration position 2021 — leading one hundred

Obtain out which schools are in our position of Masters in Administration degrees. Master how the desk was compiled and examine the relaxation of our coverage at www.ft.com/mim.

The position has seventeen conditions. Alumni responses tell 7 conditions that together contribute fifty eight points of the ranking’s full fat. The remaining ten conditions are calculated from university details and account for 38 points of the fat.

For this calendar year, the full fat for the desk is 96 points. Owing to the vacation restrictions induced by the pandemic, the fat for the global program knowledge classification has been decreased. This steps students’ abroad publicity throughout their diploma.

The recent regular salary of alumni has the best weighting, at 20 points. Local salaries are converted to US dollars making use of obtaining electric power parity charges (PPP) equipped by the IMF. The salaries of non-financial gain and public assistance employees, and entire-time students, are eradicated. Salaries are normalised by getting rid of the very best and lowest salaries claimed.

Salary raise is the second most significant criterion, with a weighting of ten points. It is based on the regular difference in alumni salary in between their 1st MiM-level task just after completion and their recent salary, 3 yrs just after completion. 50 % of the fat is used to the complete salary raise and the other fifty percent is used to the relative share raise.

Where by out there, facts collected about the past 3 yrs is employed for alumni conditions. Responses from 2021 have 50 per cent of the full fat and people from 2020 and 2019 each and every account for 25 per cent. Excluding salary-related conditions, if only two yrs of details are out there, the weighting is split sixty:40 if details are from 2021 and 2020, or 70:thirty if from 2021 and 2019. For salary figures, the weighting is 50:50 for two years’ details, to negate inflation-related distortions.

Data delivered by schools are employed to measure the variety of educating team, board members and students in accordance to gender and nationality and the global access of the programme. For gender conditions, schools with a 50:50 (male: female) composition get the best score.

When calculating global variety, in addition to the share of global students and faculty at a university — the figures posted — the FT also considers the proportion of global students and faculty by citizenship.

A score is then calculated for each and every university. To start with, Z-scores — formulas that replicate the selection of scores in between the leading and bottom university — are calculated for each and every position criterion. These scores are then weighted and included together to give a closing score. Universities are ranked in accordance to these scores, creating the FT Masters in Administration position of 2021.

Immediately after discounting the schools that did not satisfy the response fee threshold from the alumni survey, a 1st variation is calculated making use of all remaining schools. The university at the bottom is eradicated and a second variation is calculated, and so on until finally the closing position is achieved.

Other facts in the desk — programme duration, the amount of students enrolled, all round gratification and the share of students who undertake internships — does not contribute in direction of the position. (See the key to the position under.)

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

Essential: weights for position conditions are shown in brackets as points.

The full desk fat adds up to 96 points.

Salary now US$: regular salary 3 yrs just after completion (not employed in the position calculation), US$ PPP equivalent (obtaining electric power parity. See methodology at ft.com/mim-system) †*

Weighted salary US$ (20): regular graduate salary 3 yrs just after completion, adjustment for salary variants in between sectors, US$ PPP equivalent. †*

Salary raise (ten): regular difference in alumni salary in between completion and now. 50 % of this figure is calculated in accordance to the complete raise and fifty percent in accordance to the relative share raise. †*

Worth for dollars (five): calculated in accordance to alumni salaries now, costs and other prices. †*

Vocation development (five): calculated in accordance to modifications in the level of seniority and the size of business alumni are doing work for in between completion and today. †*

Aims attained (five): the extent to which alumni fulfilled their plans for accomplishing a masters. †*

Professions assistance rank (five): efficiency of the professions assistance in supporting scholar recruitment, rated by alumni. †*

Used at 3 months % (five): share of the most latest finishing course that observed employment inside 3 months of finishing their program. Figure in brackets is the share of the course for which the university was capable to give details. §

Female faculty % (five): share of female faculty as of April 1. ‡

Female students % (five): share of females on the masters programme on March 31. ‡

Girls on board % (1): share of females on the university advisory board. ‡

Global faculty % (five): calculated in accordance to the variety of faculty (on April 1) by citizenship and the share whose citizenship differs from their place of employment — the figure posted in the desk.

Global students % (five): calculated in accordance to the variety of recent MiM students by citizenship and the share whose citizenship differs from the place in which they review — the figure in the desk.

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

Global mobility (eight): calculated in accordance to modifications in the place of employment of alumni in between completion and now. Alumni citizenship is taken into account. †*

Global program knowledge (4): calculated in accordance to whether or not the most latest finishing masters course carried out exchanges and business internships, long lasting at the very least a thirty day period, in nations other than where the university is based. Virtual activities are not involved. An regular calculation was taken from the 2021 survey and the past two years’ global program knowledge details (2020 and 2019), if out there. For schools that have taken section for the 1st time this calendar year, only details from the 2021 survey had been employed. Owing to vacation restrictions induced by the pandemic, some schools had been not able to give latest details for this classification. If you are a possible scholar, please make contact with the university to check if they provide review visits and internships abroad. †§

More languages (1): the amount of languages demanded on graduation, excluding English.

Faculty with doctorates % (six): share of faculty with doctoral degrees at April 1.

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

Normal program duration (months): regular duration of the masters programme.

Quantity enrolled 2020-21: amount of students who enrolled in the 1st calendar year of the masters programme in the past calendar year.

General gratification: regular analysis by alumni of the masters program, scored out of ten. Immediately after alumni answered numerous issues about their masters knowledge, together with the quality of the school’s professions assistance, they had been questioned to fee their all round gratification, on a ten-point scale.

Firm internships (%): the share of the very last finishing course that undertook internships as section of the programme. §

† Features details for the recent and a person or two preceding yrs where out there.

‡ For all gender-related conditions, schools with a 50:50 (male/female) composition get the best score.

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

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