The Financial Times has released its annual Masters in Management Rankings for 2017. The top 25 programs in the ranking include:

2017 School name Programme name
1 University of St Gallen MA in Strategy and International Management
2 HEC Paris HEC MSc in Management
3 IE Business School Master in Management
4 London Business School Masters in Management
5 Essec Business School MSc in Management
6 ESCP Europe ESCP Europe Master in Management
7 WHU Beisheim MSc in Management
8 Esade Business School MSc in International Management
9 Cems Cems Masters in International Management
10 Università Bocconi MSc in International Management
11 Rotterdam School of Management, Erasmus University MSc in International Management
12 University of Mannheim Mannheim Master in Management
13 WU (Vienna University of Economics and Business) Master in International Management
14 Imperial College Business School MSc in Management
15 University College Dublin: Smurfit MSc in International Management
16 Edhec Business School Edhec Master in Management
17 Nova School of Business and Economics International Masters in Management
18 City University: Cass MSc in Management
19 HEC Lausanne MSc in Management
20 HHL Leipzig Graduate School of Management MSc in Management
21 Indian Institute of Management Ahmedabad Post Graduate Programme in Management
21 Warwick Business School MSc in Management
23 Stockholm School of Economics MSc in International Business
23 St Petersburg State University Graduate School of Management Master in Management
25 University of Sydney Business School Master of Management


You can view the  entire ranking on

Notable movement in this year’s ranking includes:

  • The University of St. Gallen’s master in management program has been named best in the world by the Financial Times. St. Gallen’s 26-month program has the numbers to back up its reputation. It is credited with a 67% increase in salary for its 55 graduates, 91% of whom are international students (representing 28 countries). Average reported salary is $114,449, up $12,947 from a year ago, making St. Gallen’s SIM one of only five programs in the ranking with a six-figure weighted salary. 
  • HEC Paris retains its second position in the ranking. In third place in FT’s new ranking is IE Business School in Spain, whose Master in Management has jumped seven positions since 2015, followed by London Business School’s Masters in Management, up from the sixth place last year, and France’s Essec Business School, whose MSc in Management dropped from the third position.
  • French and British business schools, with 24 and 18 programs respectively, are the backbone of the 2017 FT ranking of 95 programs around the world. 
  • Frankfurt School of Finance and Management enters the ranking for the first time, in 41st place. It is one of the five German schools when it comes to ranking. The school is one of the most gender-balanced one, with 49% female students. Alumni have an average salary of $88,223. More than half of them work in finance or consulting.
  • Lee Kong Chian School of Business at Singapore Management University, in 76th place overall, is the first Singaporean business school to enter this ranking, which includes seven Asian institutions.
  • The PGP at IIM A comes in at #21, followed by Bangalore at #26 and Calcutta at #28
  • Arizona State University – the only US business school in the ranking list is at #87. Northwestern University’s Kellogg School of Management, the highest-ranked US business school with a master in management degree, is among the many US schools to eschew the FT ranking.
  • In the most significant change in methodology since this ranking was first published in 2005, the FT now collects information about alumni’s first jobs after graduation. This data is used in conjunction with information about their current jobs, three years later. This allows FT to calculate their salary increase since graduation — a new ranking criterion — as well as their career progress

How the FT ranks Masters in Management programs

Masters in management programs are different from MBA programs in that they attract students with less (or no) work experience.

To rank the programs, the FT collects data from two surveys: one from the business schools and the other from program graduates from three years ago. The various criteria that the publication looks at include alumni salary and placement success. The criteria that are analyzed include post-program salary, international mobility, placement success, and more. As noted above, in this year’s ranking, FT also looks at the change between alumni’s salary immediately after graduation, and three years later.

To take part in the ranking, a business school has to be accredited by AACSB or EQUIS. The ranking only includes general Masters in Management programs; it does not include specialist programs like Masters in Account, Master in Supply Chain Management, and so on.

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