The best international universities to obtain an MBA.. “HEC Paris” in the release

HEC Paris tops the Financial Times Masters in Management 2023 ranking of global business schools, ahead of the Swiss University of St. Gallen, in addition to four other French colleges at the first level out of 12 institutions out of 100. Classified institution.

French business schools make up a fifth of the institutions ranked with 21 universities participating, ahead of 10 institutions from the UK, led by London Business School, which ranks third overall.

However, in a sign of the growing credentials of European universities, which target students with little or no professional work experience, there were also 11 Indian schools ranked, three from China and two from Hong Kong, among many other countries.

There are currently only two US schools in the FT MiM rankings, Hult International Business School and the University of South Carolina: Moore, but other universities are increasingly offering the program, including the University of Chicago Booth School of Business, which is recruiting. Its first cohort this year.

The FT's ranking is not comprehensive, and business schools decide whether to participate and share data in the assessment. To be eligible, universities must all be accredited either by the American “AACSB” or by the European “EFMD Equis” agency.

The ranking is based on the relative performance of a set of factors provided by universities and their graduates three years after completing their studies, including graduates’ salaries, whether they have achieved their study goals, and diversity.

In line with other business qualifications ranked by the Financial Times, the methodology has been revised this year to reduce the overall weight given to salaries and to increase the importance of other factors, including new assessments of the value of graduates' 'networks'. (Graduate salaries and salary increases remain the most likely criteria, at 16% and 10% respectively.) The rankings also take into account schools' commitments to setting a net zero emissions target, publishing a carbon audit report and teaching sustainability relevant topics in their core courses.

London Business School scored highest for the value of its alumni network as assessed by graduates three years after completing their studies, followed by HHL Leipzig Graduate School of Management in Germany.

Indian universities occupy the top four spots in terms of salary growth three years after completion, led by the Indian Institute of Management Ahmedabad at $137,919. In Europe, HEC Paris leads at $129,806.

The highest salary increase was reported by the School of Economics and Management at Tsinghua University in Beijing, where wages nearly doubled three years after graduates completed their master's degrees. Luis University, in Rome, ranks second in terms of high wages among graduates.

Average salaries adjusted for inflation have risen by $5,000 since 2017 across overall ranked programs, although the gender pay gap has remained strong, with female graduates earning on average 19% less than their male counterparts.

Reported salaries rose last year after the pandemic, although graduates at all schools that participated in both years earned an average of $78,325 in 2023 compared to $79,026 in 2019, after adjusting for inflation.

There has been a significant increase over the past four years in salaries for graduates working in the Asia Pacific region, from an average of $80,659 to $92,142. Salaries in Europe fell from $77,637 to $73,029 during this period, while salaries in the United Kingdom rose from $92,758 to $96,387.

Dozens of business schools reported gender parity among their students, as half of the classified master's degrees taught more men than women, and the percentage of females decreased to 14% at the HHL Leipzig Graduate School of Management in Germany.

More than 90% of universities still have more male than female faculty, with parity only at ESC Clermont in France and Mainz Telecom, as well as the Institute of Management Technology in Ghaziabad in India. About a quarter of business schools reported gender parity on their advisory boards, although more than two-thirds still had more males than females.

Lund University School of Economics and Management (Lusem) in Sweden took first place for teaching environmental, social and governance topics, including carbon reduction, followed in second place by Iese from Spain.

SDA Bocconi/Università Bocconi in Italy ranked first in terms of its score for publishing a carbon emissions audit and net-zero emissions target, ahead of IE Business School in Spain and BI Business School Norway in second place.