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 history 124 MiM programmes took portion in the position system in 2021, up from 114 in 2020. Faculties should satisfy rigid criteria in order to be qualified. Their programmes should be entire-time, cohort-primarily based and colleges should be accredited by either AACSB or Equis. Programs should be directed at college students with tiny or no work working experience. The position addresses general administration programmes, not specialised kinds.

The desk is calculated in accordance to facts collected via two individual surveys. The initially is finished by the business colleges and the second by alumni who concluded their MiM in 2018.

The FT typically needs a response level of 20 for every cent of alumni, with a minimum of 20 responses, for a college to enter the position calculations. Thanks to the pandemic, the FT considered colleges with a reduce response level. Some 7,four hundred alumni finished this year’s study — a response level of about 29 for every cent.

The position has seventeen criteria. Alumni responses advise seven criteria that alongside one another lead fifty eight factors of the ranking’s full bodyweight. The remaining ten criteria are calculated from college facts and account for 38 factors of the bodyweight.

For this year, the full bodyweight for the desk is ninety six factors. Thanks to the travel limitations caused by the pandemic, the bodyweight for the global study course working experience class has been diminished. This actions students’ overseas exposure during their degree.

The present normal income of alumni has the maximum weighting, at 20 factors. Area salaries are converted to US pounds working with buying electrical power parity rates (PPP) supplied by the IMF. The salaries of non-financial gain and community support staff, and entire-time college students, are eradicated. Salaries are normalised by eradicating the extremely maximum and most affordable salaries documented.

Income increase is the second most important criterion, with a weighting of ten factors. It is primarily based on the normal variance in alumni income involving their initially MiM-stage career following completion and their present income, a few a long time following completion. 50 % of the bodyweight is utilized to the absolute income increase and the other 50 percent is utilized to the relative share increase.

Where available, facts collected more than the earlier a few a long time is employed for alumni criteria. Responses from 2021 have fifty for every cent of the full bodyweight and these from 2020 and 2019 each and every account for twenty five for every cent. Excluding income-associated criteria, if only two a long time of facts are available, the weighting is break up sixty:forty if facts are from 2021 and 2020, or 70:30 if from 2021 and 2019. For income figures, the weighting is fifty:fifty for two years’ facts, to negate inflation-associated distortions.

Details offered by colleges are employed to measure the diversity of educating employees, board members and college students in accordance to gender and nationality and the global attain of the programme. For gender criteria, colleges with a fifty:fifty (male: female) composition acquire the maximum score.

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

A score is then calculated for each and every college. Initial, Z-scores — formulas that reflect the array of scores involving the top and bottom college — are calculated for each and every position criterion. These scores are then weighted and included alongside one another to give a final score. Faculties are rated in accordance to these scores, creating the FT Masters in Administration position of 2021.

Immediately after discounting the colleges that did not satisfy the response level threshold from the alumni study, a initially variation is calculated working with all remaining colleges. The college at the bottom is eradicated and a second variation is calculated, and so on right up until the final position is reached.

Other facts in the desk — programme length, the selection of college students enrolled, in general fulfillment and the share of college students who undertake internships — does not lead toward the position. (See the crucial to the position under.)

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

Critical: weights for position criteria are proven in brackets as factors.

The full desk bodyweight adds up to ninety six factors.

Income currently US$: normal income a few a long time following completion (not employed in the position calculation), US$ PPP equivalent (buying electrical power parity. See methodology at ft.com/mim-system) †*

Weighted income US$ (20): normal graduate income a few a long time following completion, adjustment for income versions involving sectors, US$ PPP equivalent. †*

Income increase (ten): normal variance in alumni income involving completion and currently. 50 % of this figure is calculated in accordance to the absolute increase and 50 percent in accordance to the relative share increase. †*

Price for dollars (five): calculated in accordance to alumni salaries currently, fees and other expenditures. †*

Career development (five): calculated in accordance to changes in the stage of seniority and the sizing of organization alumni are working for involving completion and today. †*

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

Careers support rank (five): usefulness of the occupations support in supporting university student recruitment, rated by alumni. †*

Employed at a few months % (five): share of the most modern completing class that found work within just a few months of completing their study course. Determine in brackets is the share of the class for which the college was ready to supply facts. §

Woman faculty % (five): share of female faculty as of April one. ‡

Woman college students % (five): share of ladies on the masters programme on March 31. ‡

Ladies on board % (one): share of ladies on the college advisory board. ‡

Global faculty % (five): calculated in accordance to the diversity of faculty (on April 1) by citizenship and the share whose citizenship differs from their country of work — the figure revealed in the desk.

Global college students % (five): calculated in accordance to the diversity of present MiM college students by citizenship and the share whose citizenship differs from the country in which they research — the figure in the desk.

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

Global mobility (eight): calculated in accordance to changes in the country of work of alumni involving completion and currently. Alumni citizenship is taken into account. †*

Global study course working experience (4): calculated in accordance to regardless of whether the most modern completing masters class carried out exchanges and organization internships, lasting at minimum a month, in international locations other than wherever the college is primarily based. Digital experiences are not provided. An normal calculation was taken from the 2021 study and the earlier two years’ global study course working experience facts (2020 and 2019), if available. For colleges that have taken portion for the initially time this year, only facts from the 2021 study were employed. Thanks to travel limitations caused by the pandemic, some colleges were not able to supply modern facts for this class. If you are a prospective university student, be sure to make contact with the college to look at if they present research trips and internships overseas. †§

Added languages (one): the selection of languages expected on graduation, excluding English.

School with doctorates % (6): share of faculty with doctoral degrees at April one.

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

Regular study course length (months): normal length of the masters programme.

Number enrolled 2020-21: selection of college students who enrolled in the initially year of the masters programme in the earlier year.

Overall fulfillment: normal evaluation by alumni of the masters study course, scored out of ten. Immediately after alumni answered many queries about their masters working experience, such as the excellent of the school’s occupations support, they were asked to level their in general fulfillment, on a ten-level scale.

Enterprise internships (%): the share of the final completing class that undertook internships as portion of the programme. §

† Contains facts for the present and a single or two previous a long time wherever available.

‡ For all gender-associated criteria, colleges with a fifty:fifty (male/female) composition acquire the maximum score.

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

§ Completed MiM involving March one, 2020 and February 28, 2021.