The Financial Times has published its annual ranking of the world’s top 100 Master of Management (MiM) courses. The result is… pretty much as expected. But not completely.
The MiM course is a postgraduate course that acts as a “baby” MBA. The key difference is that it can be taken by recent graduates, whereas a “regular” MBA is only available to those with several years of work experience. If you are a student, you can enroll immediately after completing your degree.
In the FT list, French schools dominate the MiM rankings, with 21 participating schools. The majority are well-known names, as they make up the bulk of the famous rankings of Grandes Écoles, such as HEC, EDHEC, and ESSEC. Almost every acronym you can imagine has an “E” or “C” in it.
HEC, a top-ranked school on both our Grandes Ecoles list and the FT’s MiM list, states in its advertising materials that around a quarter of HEC MiM graduates find employment in the financial industry. However, 35% of graduates are actually lower than consulting. finished. According to FT statistics, the average income of HEC MiM graduates is $130,000, but that figure would probably be even higher if more people went into finance than consulting.
However, India’s inclusion on the list is most interesting. There are 11 Indian business schools on the list, just under half of which are Indian Institutes of Management (its relationship with the better-known Indian Institutes of Technology is murky, dating back to the days when India was more centrally planned). .
The Indian business schools on the list are clustered far down the list, with one school in the top 40 (SPJIMR – 40th), but seven in the bottom quarter. Masu. Still, this is solid progress considering that in 2018, the country only had three schools on the list.Sure, they turned 19th,twenty threerd26thbut progress is progress.
What really sets Indian business school graduates apart is the amount of money they earn. The average (weighted) salary (in USD) for graduates of 11 business schools is $111,000 for Indian graduates, $60,000 for graduates of 10 British schools, and $80,000 for graduates of French schools. That’s a big difference. Additionally, the top four highest-earning graduates come from schools in India, with incomes ranging from $131,000 to $138,000.
It’s worth pointing out that MiM is not as popular in the US as it is in other parts of the world (particularly Europe). Still, MiM in the United States is starting to gain momentum. For example, Chicago Booth announced earlier this year that it would launch a booth aimed at students in fall 2024.
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