France’s HEC Paris and ESSEC Business School remained second and third, respectively, for the third year in a row. Indian academies produce highest-earning grads.
The ranking, which features a record 90 programmes this year, is based on data collected from two polls: one of the participating business schools and the other of alumni who graduated three years ago — the class of 2013. Salary is one of the component the ranking uses to measure the success of the alumni.
The average salary of St Gallen’s alumni jumped to USD 102,000 three years after graduation compared with USD 90,000 last year. It is the third-highest overall behind the two Indian management academies at Ahmedabad and Bangalore, with respective salaries of USD 109,000 and USD 106,000.
The school ranks first for alumni satisfaction. One graduate says:
We were forced to leave our comfort zone but were rewarded with unique experiences.
Overall, St Gallen’s alumni report a 95% satisfaction level, 2 percentage points more than the alumni from London Business School and WHU Beisheim. Other high points for the school include being first for alumni international mobility, second for international experience and third for job placement.
The ranking gets more diverse
Elsewhere, Stockholm School of Economics was a big winner, climbing 16 places to 28, not only recording the best year-on-year progression but also recovering from a drop of 11 places last year. Meanwhile, La Rochelle Business School dropped 12 places to 60 having been last year’s highest climber.
Check out: Masters Rankings and Reputation
Nova School of Business and Economics consolidated last year’s strong performance by climbing a further 14 places to 17. The Portuguese school has risen 31 places over the past two years since its International Master in Management course was first included in the ranking. It has now entered the top 20 for the first time.
While heavily dominated by French and English schools, accounting for 44% of the table, the ranking is more diverse than ever with schools from 25 countries. Notably, among the nine schools ranked for the first time, WP Carey School of Business at the Arizona State University is the first US institution to take part in the ranking, having entered at 82. The highest newly ranked school is Université Paris-Dauphine at 57.
Masters in management grads find jobs easily
Unlike MBAs, masters in management are targeted at those at the beginning of their career. They are typically designed for students with an average age of 22. About 60% have not yet worked and a further 30% have less than two years’ experience.
When many millennials struggle to find jobs or make do in low-skilled positions, these masters programmes achieve strong employment rates thanks to their links with corporate partners and alumni networks.
More than 90% of alumni from the most recent graduating classes accepted a job offer within three months of completing their programme. One graduate from Rotterdam School of Management was cited by the FT as saying:
The school’s network was vital in helping me find a job in one of the most prestigious companies worldwide. The company was a corporate partner so I basically received the job application in my mailbox.
The FT's Masters in Management Ranking 2016 – Top 10
Source: The Financial Times