FT Masters in Management, St Gallen retains number 1 spot for 6th year

Switzerland’s University of St Gallen has retained the number 1 rank for the sixth successive year in the FT Masters in Management 2016 Rankings.

HEC Paris and Essec Business School of France retain the second and third positions respectively compared to the previous year.

The 2016 ranking features a record 90 programmes, up from 70 in 2014. It is based on data collected from two surveys– one of the participating business schools and the other of alumni who graduated three years ago — the class of 2013.

The ranking is in part based on how successful alumni have been in their careers, as reflected in the salary data.

The average salary of St Gallen’s alumni jumped to $102,000 three years after graduation compared to $90,000 last year. It is the third-highest overall behind the two Indian Institute of Management at Ahmedabad and Bangalore, with respective salaries of $109,000 and $106,000.

ESCAP Europe climbed to the 4^th spot from rank 7 in the previous year. Rotterdam School of Management at Erasmus University retained the 5^th place followed by London Business School in the 6^th rank.

IE Business School was ranked 7, up from 10^th in 2015. WU (Vienna University of Economics and Business jumped from 13^th rank to 8^th position.

WHU Beisheim dropped from 8 in 2015 to 9^th rank this year.  It shares the 9^th rank with Esade Business School that has climbed up from 12^th rank in 2015. University of Bocconi lost its 9^th rank to move down to 11^th place.

IIM Ahmedabad’s 2-year Post Graduate Program (PGP) has been ranked 16, a drop from its 2015 ranking at 15. IIM Bangalore’s PGP is at 19, moving up 7 positions from 26 in the previous year.

IIMB also becomes the only management school in India to lead in school diversity with 28% women in the 2 year programme, 21% women faculty and 25% of women on the school advisory board.

“IIMB’s moving up seven spots to gain a position among the Top 20 in the Financial Times Global Masters in Management 2016 Rankings reiterates our efforts towards achieving global excellence. Also it’s a proud moment at IIMB, to top the School Diversity criteria. We focus on building leaders in a diverse ecosystem, as it helps to draw upon the widest possible range of views and experiences,” Prof. Raghavan Srinivasan, Director Incharge, IIM Bangalore, said.

IIMB had figured in the Financial Time Global Masters in Management Rankings for the first time only in 2015. Since then, it has notched up  improvements in several parameters in the 2016 rankings.

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% of the participants were without previous work experience and 30% had less than two years’ experience, FT said.