In the end of June, The Economist released its ranking of the best Master’s in Management programs from around the world.
This year, the leading business school on the list is HEC Paris which retains its top position since the 2017 ranking. European institutions, in general, are demonstrating consistently strong performance, with 29 of 40 schools representing European destinations.
According to Seb Murray, editor at BusinessBecause, the highest new entrant is SKEMA Business School – another French institution, which also has campuses in China, the US, and Brazil. He adds:
SKEMA came top for career opportunities, for example for having graduates that go on to work in a diverse range of sectors.
Take a look at all business schools listed in the 2019 ranking sorted by continent.
The Economist’s Master’s in Management (MiM) Ranking 2019
HEC Paris Business School (France)
University of St. Gallen (Switzerland)
SKEMA Business School (France)
WU Vienna University of Economics and Business (Austria)
University of Warwick (UK)
ESSEC Business School (France)
University of Mannheim (Germany)
EDHEC Business School (France)
HHL Leipzig Graduate School of Management (Germany)
ESADE Business School (Spain)
Vlerick Business School (Belgium)
European School of Management and Technology (Germany)
Neoma Business School (France)
IESEG School of Management (France)
IE University (Spain)
EADA Business School Barcelona (Spain)
BI Norwegian Business School (Norway)
Tilburg University (Netherlands)
University of Bath (UK)
Audencia Business School (France)
Cranfield School of Management (UK)
Durham University (UK)
Nova School of Business and Economics (Portugal)
Leeds University Business School (UK)
Grenoble Ecole de Management (France)
St Petersburg University (Russia)
Copenhagen Business School (Denmark)
University of Virginia
Hult International Business School
Wake Forest University School of Business
Duke University Durham
University of Notre Dame
Southern Methodist University
ASIA & OCEANIA
Tsinghua University (China)
Sun Yat-sen University (China)
University of Sydney (Australia)
CEMS Multi-school consortium
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.
To be included in The Economist’s Master’s in Management (MiM) Ranking 2019, a program must:
- Be full-time
- Be taught in English (at least 50%)
- Be taught mainly on-campus (i.e., not distance-learning)
- Have a cohort of at least 40 students for both the current and the previous academic year
- Have accreditation from AACSB or EQUIS
- Be a general business program open to non-business majors
- Be aimed at candidates with little or no work experience (of less than two-and-a half years across the cohort)
- Have no more than 40% of the degree focused on a single functional area
- Be of international standing, with a good proportion of international students and faculty
According to the publication, data was collected between March and May 2019, using two surveys. The first survey was completed by schools, covering quantitative matters such as the salary of graduates, the number of registered alumni, and the diversity of recruiters. Schools also entered their three biggest employers and what they consider to be their three main strengths.
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 Economist could verify the data provided by the schools.
Are you wondering what the admissions requirements for some of these top-ranked programs are? I you have an internationally recognized Bachelor’s degree under your belt, you will have to take care of a few more things on your checklist. Aptitude tests such as GMAT or GRE and language proficiency tests are among the requirements you will have to take into account.
Here are the admission tests requested by the top five MiM programs from the ranking.
Be ready to submit a GMAT, GRE, or TAGE MAGE official test score report (only one test is authorized).
If your native language is not English, you will need to prepare a proficiency test score report such as TOEFL, TOEIC, IELTS, or Cambridge.
Applicants to the Master of Arts in Strategy and International Management at St. Gallen need to submit one of the following English test scores: IELTS Academic (minimum): 7.0; TOEFL iBT (minimum): 100; or Cambridge Advanced Certificate. An aptitude test score (GMAT or GRE) is also required.
The French school ranked at #3 lists the GMAT (minimum score: 500) or the GRE (minimum score: 303) as part of its admissions criteria. A CAT score above or equal to 67 is also accepted as well as a TAGE MAGE above or equal to 230.
Applicants who have done their undergraduate studies in a language different from English should also submit one of the following English language proficiency test score reports: TOEFL, TOEIC, IELTS, Cambridge English Proficiency, Cambridge English Advanced.
This school accepts GMAT, GRE, CAT, TAGE MAGE or ESCP Europe Test (on campus) for its Master in Management program. Note that the ESCP Europe on-campus test is only available in Berlin, London, Madrid, and Torino.
The English proficiency certificates accepted at the program include TOEFL, TOEIC, IELTS, and Cambridge.
WU Vienna University of Economics and Business
The Austrian school also has some important requirements for its English-taught program. A language certificate such as TOEFL iBT (minimum score: 100), IELTS (minimum score: 7.0), Cambridge English: CAE, CPE, or BEC Higher is required.
In addition, submitting a valid GMAT score is obligatory for all applicants except for WU students.