The FT’s ranking specialists delve into data from the 2023 Masters in Management surveys of business schools and alumni.

They look at how graduate salaries have recovered since Covid hit and explore the gender pay gap, motivations for study, effectiveness of alumni networks and the subjects schools teach best — and worst.

Masters in Management (MiM) are commonly studied soon after a first degree, unlike MBAs, which are generally completed after a period of work experience.

FT Masters in Management Ranking

View the 2023 ranking and report

Average salaries three years after completing a MiM at business schools that took part in the 2023 ranking process are above pre-pandemic levels — though they have dipped slightly since the global economy worsened. (Salaries are adjusted for inflation.) But a marked gap remains between men’s and women’s pay.

Percentage salary increases between completing the degree and three years later have recovered since the pandemic. Those surveyed during the height of Covid-19 saw the lowest rises. The latest cohort of male alumni surveyed for the ranking saw increases of more than 50 per cent, though women’s rises lagged behind.

Masters in Finance (MiF) alumni saw larger average salary increases than MiM graduates in the three years since completing their programmes at ranked schools, in both financial and non-financial employment sectors.

Graduates say better career opportunities and improving earnings potential were the top motivations for beginning a masters. Starting their own company was a lower priority when considering a MiM, usually studied immediately after a first degree.

Attending events and making contact with other MiM alumni are, unsurprisingly, among the highest rated uses of networks. Tangible benefits such as finding internships, jobs and recruiting others are also cited.

General management and international business are the subjects taught best on MiM programmes, according to graduates surveyed for the 2023 ranking three years after completing their degrees.

Graphics by Chris Campbell

Copyright The Financial Times Limited 2024. All rights reserved.
Reuse this content (opens in new window) CommentsJump to comments section

Follow the topics in this article