HEC Paris tops the Economist’s Masters in Management 2017 Ranking

HEC School of Management, Paris has topped the Economist’s Debut Masters in Management (MiM) 2017 Ranking of 40 Business Schools with followed by University of Virginia’s McIntire School of Commerce ranked second and WHU Otto Beisheim School of Management, Vallendar, Germany, third.

The Rankings saw an overwhelming presence of European schools with the US having only the Charlottesville-based Virginia representing it in the top 10. Hult International Business School’s Cambridge campus ranked 13, the University of Notre Dame in the 19^th spot, Wake Forest University at 21, Babson College at 23, Southern Methodist University at 25 and University of Florida at 32 are the other US institutions figuring in the list.

MiM is mostly a 1-year graduate degree program, pioneered by European schools, for students without significant work experience.

In the 4^th sport is ESSEC Business School, France followed by University of St.Gallen, Switzerland 5^th, HHL Leipzig Graduate School of Management in the 6^th place, Cranfield School of Management, UK in the 7^th place, University of Mannheim in the 8^th, CEMS multi-school consortium 9^th and Esade Business School, Spain in the 10^th spot.

“Results of rankings can be volatile, so they should be treated with caution. No ranking is definitive, so our advice to prospective students is to understand the ethos behind each one before deciding whether what it is measuring is important for you,” it warns.

HEC’s 12-month program starts in September. The tuition fee is Tuition fee is €25,900 and the latest intake is 64 students. It has been ranked number 1 in Open career opportunities, number 3 in personal development/education experience and 7^th in salary that stood at $59,835 post-MiM. It was ranked number 1 in networking potential. Its strengths were listed as Strategy, Finance and Entrepreneurship.

McIntire’s 10-month program has an August start date with a tuition fee of $47,416. Its latest intake is 116 students. In personal development/education experience, it was ranked 11. In Salary it was ranked 4 with a post-MiM salary at $65,225. Networking potential was ranked at 11. Its strengths were ranked as Business Analytics, Finance and Marketing.

WHU’s program duration is 21 months with program start in September. The tuition fee is pegged at €24,000 with the latest intake at 102. In personal development/education experience, it is ranked 13. In salary, it is in the 3^rd spot with students drawing a post-MiM salary of $66,550. Networking potential was ranked 7. Its strengths were listed as Entrepreneurship, Finance and Marketing & Sales.

As for methodology, The Economist explains that the “rankings are little more than a snapshot of a particular moment. They reflect the prevailing conditions such as the job market, exchange rates and the situation at a business school at the time the survey was carried out.

“Results of rankings can be volatile, so they should be treated with caution. No ranking is definitive, so our advice to prospective students is to understand the ethos behind each one before deciding whether what it is measuring is important for you,” it warns.

The rankings cover only full-time programs with English as the medium of instruction (at least 50%) with the teaching conducted mainly on-campus. The cohort should be at least 40 students for both the current and the previous academic year.

The program should have accreditation from AACSB or EQUIS. It should be a general business program open to non-business majors. It should be aimed at pre-experience candidates (with an average work experience of less than one-and-a-half years across the cohort). It should have no more than 40% of the degree focussed on a single functional area.

The program should also be of international standing, with a good proportion of international students and faculty.

The data was collected early in 2017 through two surveys. The first was completed by schools, covering quantitative matters such as the salary of graduates, the number of registered alumni, the diversity of recruiters and the like. Schools also entered what they consider to be their three main strengths. These were included in the individual school tables.

A second survey was sent to current students and recent alumni, asking them to rate various aspects of their business schools. Respondents were also asked to give details of their salary so that the data provided by the schools could be verified.

All data received from schools were subjected to verification checks, including, where possible, comparison with historical data, peer schools and other published sources. Student and graduate questionnaires were audited for multiple or false entries.

Masters in Management 2017 Ranking: