Sun. May 29th, 2022


This is the 18th annual Financial Times rankings of European business schools. It is a composite ranking based on the combined performance of Europe’s top schools across the five main rankings of programs published by the FT in 2021: MBA, Executive MBA, Masters in Management (MiM) and in 2020 for the two rankings of non-degree executive education programs as we did not manage the Custom and Open rankings this year. The online MBA and Masters Degree in Finance rankings are not included.

The European school rankings are calculated after removing non-European schools for each of these main rankings. MBA, EMBA and MiM represent 25 percent each of each school’s total achievement. For Executive Education, the scores achieved for custom and open programs each make up 12.5 percent. Schools must have a minimum total weight of 25 out of a possible 100 for all five rankings to be eligible.

Schools ranked with a joint program receive a proportionate portion of the programme’s indexed score. For example, Essec gets 50 percent of the score achieved through its joint EMBA program with Mannheim – worth 12.5 percent of the possible 100 total weight.

The ranking measures the schools’ quality and breadth of programs. Quality is placed more emphasis so that schools that offer high quality education, but not all the different courses that are considered, still generally perform strongly.

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An indexed score is created for each ranking. These scores are then added up, according to the weight above, which creates a combined total for each school, making up one third of the final score. The remaining two-thirds is an average score, derived by dividing the total score for each school by the number of rankings in which it appears.

Scores are not simply based on aggregation of published positions. They are calculated using Z-scores – formulas that reflect the series between upper and lower school – for the individual criteria that make up each component ranking.

The following rules are specific to the FT compiled European rankings:

  • Programs ranked outside the published tables for MBA, Executive Education, Masters in Management and EMBA are considered. They are shown with an asterisk.

  • If a school has more than one program in the same ranking, a combined weighted score is awarded. HEC Paris receives 33 percent of the score achieved by the Trium Global EMBA and the remaining 67 percent from its own singles program.

Judith Pizer of Pizer-MacMillan acted as the FT’s database consultant.

Key to the 2021 rankings

Weights for ranking criteria are shown in brackets as a percentage.

The European Business Schools rankings are based on the overall scores achieved by each school for each ranking in which it appears, such as MBA, Executive Education, Masters in Management and EMBA. The composite ranking is not only based on the data displayed in the European Schools Table.

MBA

European ranking (25): position among European schools that participated in the 2021 FT global MBA rankings.

Salary today $: average alumni salary three years after completion, US $ according to purchasing power parity (PPP). Includes weighted data from the current and two previous years, where available.

Salary increase (%): average difference in alumni salary between pre-MBA and now, three years after completion.

EMBA

European ranking (25): position among European schools that participated in the 2021 EMBA rankings.

Salary today $: average alumni salary three years after completion, US $ PPP. Includes weighted data from the current and two previous years, where available.

Salary increase (%): average difference in alumni salary between pre-EMBA and now, three years after completion.

Masters in Management

European ranking (25): position among European schools that participated in the 2021 FT MiM rankings.

Salary today $: average alumni salary three years after completion, US $ PPP. Includes weighted data from the current and two previous years, where available.

Salary increase (%): average difference in alumni salary between completion and now, three years after completion.

Management education *

Open programs (12.5): position among European schools that participated in the FT rankings of open enrollment programs in 2020.

Custom programs (12.5): position among European schools that participated in the 2020 FT rankings of custom programs.

* We did not run the Custom and Open rankings in 2021.

Faculty

Female faculty: percentage of female full-time faculty.

International Faculty: percentage of full-time faculty whose citizenship differs from country of employment.

Faculty with doctoral degrees: percentage of full-time faculty with a doctorate.

# Number in brackets refers to data from separate joint program for schools with more than one grade arranged.

† Salary increase in three years from completion to now for Masters in Management. For MBA and EMBA, the average difference in alumni salary is between before the degree and now, three years after completion.

‡ Faculty data are provided for information – taken from surveys for the 2021 tables. Schools that appear only in Executive Education provided faculty data from September 2021.

* School is ranked outside the final table in 2021 for MBA, EMBA or Masters in Management, or for Custom and Open in 2020.

** School participated in this ranking only on the basis of a joint program. Underlying score based on proportion of total score.



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