FT Masters in Management ranking 2021: methodology and key

Methodology

This is the 17th version of the FT position of Masters in Management (MiM) programmes.

A file 124 MiM programmes took section in the position procedure in 2021, up from 114 in 2020. Educational institutions ought to meet rigid criteria in purchase to be eligible. Their programmes ought to be total-time, cohort-based mostly and schools ought to be accredited by possibly AACSB or Equis. Programs ought to be directed at learners with minimal or no do the job practical experience. The position covers normal administration programmes, not specialised ones.

The table is calculated according to data collected by way of two independent surveys. The 1st is finished by the business enterprise schools and the 2nd by alumni who completed their MiM in 2018.

The FT typically involves a response price of 20 per cent of alumni, with a bare minimum of 20 responses, for a university to enter the position calculations. Thanks to the pandemic, the FT viewed as schools with a decrease response price. Some 7,four hundred alumni finished this year’s survey — a response price of about 29 per cent.

The position has seventeen criteria. Alumni responses advise 7 criteria that together lead fifty eight points of the ranking’s full weight. The remaining ten criteria are calculated from university facts and account for 38 points of the weight.

For this calendar year, the full weight for the table is 96 points. Thanks to the travel limits brought about by the pandemic, the weight for the worldwide program practical experience group has been reduced. This steps students’ abroad publicity for the duration of their diploma.

The current regular salary of alumni has the greatest weighting, at 20 points. Area salaries are converted to US dollars applying buying electrical power parity prices (PPP) supplied by the IMF. The salaries of non-income and public support workers, and total-time learners, are eradicated. Salaries are normalised by eliminating the pretty greatest and most affordable salaries reported.

Income boost is the 2nd most vital criterion, with a weighting of ten points. It is based mostly on the regular difference in alumni salary involving their 1st MiM-amount job immediately after completion and their current salary, 3 decades immediately after completion. Fifty percent of the weight is applied to the complete salary boost and the other 50 percent is applied to the relative share boost.

Exactly where offered, data collected more than the previous 3 decades is utilized for alumni criteria. Responses from 2021 carry 50 per cent of the full weight and those from 2020 and 2019 each individual account for twenty five per cent. Excluding salary-linked criteria, if only two decades of facts are offered, the weighting is break up 60:40 if facts are from 2021 and 2020, or 70:thirty if from 2021 and 2019. For salary figures, the weighting is 50:50 for two years’ facts, to negate inflation-linked distortions.

Facts presented by schools are utilized to evaluate the range of training workers, board users and learners according to gender and nationality and the worldwide arrive at of the programme. For gender criteria, schools with a 50:50 (male: female) composition receive the greatest score.

When calculating worldwide range, in addition to the share of worldwide learners and faculty at a university — the figures revealed — the FT also considers the proportion of worldwide learners and faculty by citizenship.

A score is then calculated for each individual university. To start with, Z-scores — formulas that replicate the selection of scores involving the prime and base university — are calculated for each individual position criterion. These scores are then weighted and added together to give a last score. Educational institutions are ranked according to these scores, developing the FT Masters in Management position of 2021.

Immediately after discounting the schools that did not meet the response price threshold from the alumni survey, a 1st model is calculated applying all remaining schools. The university at the base is eradicated and a 2nd model is calculated, and so on right up until the last position is achieved.

Other data in the table — programme duration, the quantity of learners enrolled, in general satisfaction and the share of learners who undertake internships — does not lead in direction of the position. (See the crucial to the position down below.)

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

Important: weights for position criteria are shown in brackets as points.

The full table weight provides up to 96 points.

Income nowadays US$: regular salary 3 decades immediately after completion (not utilized in the position calculation), US$ PPP equivalent (buying electrical power parity. See methodology at ft.com/mim-strategy) †*

Weighted salary US$ (20): regular graduate salary 3 decades immediately after completion, adjustment for salary variants involving sectors, US$ PPP equivalent. †*

Income boost (ten): regular difference in alumni salary involving completion and nowadays. Fifty percent of this determine is calculated according to the complete boost and 50 percent according to the relative share boost. †*

Worth for revenue (five): calculated according to alumni salaries nowadays, expenses and other expenditures. †*

Occupation development (five): calculated according to alterations in the amount of seniority and the measurement of company alumni are working for involving completion and today. †*

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

Careers support rank (five): success of the careers support in supporting scholar recruitment, rated by alumni. †*

Utilized at 3 months % (five): share of the most the latest finishing class that observed work within 3 months of finishing their program. Figure in brackets is the share of the class for which the university was able to provide facts. §

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

Female learners % (five): share of women of all ages on the masters programme on March 31. ‡

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

Worldwide faculty % (five): calculated according to the range of faculty (on April 1) by citizenship and the share whose citizenship differs from their nation of work — the determine revealed in the table.

Worldwide learners % (five): calculated according to the range of current MiM learners by citizenship and the share whose citizenship differs from the nation in which they study — the determine in the table.

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

Worldwide mobility (8): calculated according to alterations in the nation of work of alumni involving completion and nowadays. Alumni citizenship is taken into account. †*

Worldwide program practical experience (4): calculated according to whether or not the most the latest finishing masters class carried out exchanges and company internships, long lasting at least a month, in nations around the world other than exactly where the university is based mostly. Virtual experiences are not provided. An regular calculation was taken from the 2021 survey and the previous two years’ worldwide program practical experience facts (2020 and 2019), if offered. For schools that have taken section for the 1st time this calendar year, only facts from the 2021 survey had been utilized. Thanks to travel limits brought about by the pandemic, some schools had been not able to provide the latest facts for this group. If you are a future scholar, remember to speak to the university to test if they supply study journeys and internships abroad. †§

Further languages (1): the quantity of languages expected on graduation, excluding English.

School with doctorates % (6): share of faculty with doctoral levels at April 1.

The types down below are for data only and are not utilized in the ranking calculations.

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

Range enrolled 2020-21: quantity of learners who enrolled in the 1st calendar year of the masters programme in the previous calendar year.

General satisfaction: regular analysis by alumni of the masters program, scored out of ten. Immediately after alumni answered several concerns about their masters practical experience, together with the high-quality of the school’s careers support, they had been questioned to price their in general satisfaction, on a ten-issue scale.

Organization internships (%): the share of the previous finishing class that undertook internships as section of the programme. §

† Incorporates facts for the current and a person or two previous decades exactly where offered.

‡ For all gender-linked criteria, schools with a 50:50 (male/female) composition receive the greatest score.

* Facts from alumni who finished their programmes in 2018 provided.

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