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HEC Paris has claimed the top spot in the 2023 Financial Times Masters in Management Ranking. St Gallen of Switzerland closely follows in second place, with four other French schools also making it into the top tier of 12 out of the 100 ranked institutions. French business schools hold a strong presence in the ranking, making up a fifth of all ranked institutions, followed by 10 schools from the UK, led by London Business School in third place overall.
However, the ranking also reflects the increasing internationalization of the qualification, historically focused on European students with little to no work experience. The ranking includes 11 schools from India, three from mainland China, and two from Hong Kong, along with many other countries being represented.
While the FT Masters in Management Ranking currently features only two US schools – Hult International Business School and the University of South Carolina: Moore – other US schools, including the University of Chicago Booth School of Business, are starting to offer the program to meet the growing demand from younger students.
The ranking is based on various factors, including graduate salaries, achievement of study goals, and diversity. The methodology for the ranking has been modified this year to give less weight to salaries and more weight to other factors, such as the value of alumni networks and commitments to sustainability. London Business School scores highest for the value of its alumni network, followed by HHL Leipzig Graduate School of Management in Germany.
HEC Paris claims the top spot after being ranked second for a decade. The school stands out for its average alumni salary and aims achieved. Indian schools dominate the top positions for salary outcomes, while HEC Paris leads in Europe. Tsinghua University School of Economics and Management in Beijing reports the highest salary increase, and Luiss in Rome ranks second for the rise in pay among alumni.
Rabat Business School from Morocco is the biggest riser in the ranking, climbing 32 places to joint 54th. The school excels in international work mobility and career progress. The salaries of alumni working in Asia-Pacific have seen significant growth over the past four years, while mainland European salaries have fallen and UK salaries have risen.
Gender parity remains a challenge in business schools, with only a dozen schools reporting equal representation of men and women among their students. Faculty and advisory boards also lack gender parity, with more male than female members. Lund University School of Economics and Management in Sweden ranks first for teaching environmental, social, and governance topics, while SDA Bocconi/Università Bocconi in Italy takes the top spot for its environmental commitments.
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