There are a large number of criteria that interest students who want to participate in a business school during their academic career. Among them we find the reputation of the school (especially international), the double or even triple degrees offered or even the strength of a school’s Alumni network. In this article, we will look at the exit salary offered by each Grande Ecole de Commerce in France, which is an important criterion.
The Financial Times’ 2022 ranking of the best Masters in Management (or PGE):
Like every year, the Financial Times publishes its ranking of the best Masters in Management (or PGE) in the world. It is a ranking that is eagerly anticipated by both schools and students. It should be noted that this classification is very reliable.
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How does this classification come about?
Schools participating in this ranking had to provide evidence on 3 key points:
- Well in possession of an AACSB or EQUIS accreditation
- The program is offered on a full-time basis
- Have at least 30 graduates per year
The data is then collected in two ways: within the schools themselves and among the Alumni who graduated in 2018. A minimum of 20% of 2018 graduates are required to answer the survey.
Several criteria were taken into account in the realization of this research, such as:
- Share of foreign students within the school
- Male/female ratio
- The evolution of the salary, which is calculated by the difference between the salary 3 years after graduation and the first salary of the Alumni
Global Analysis of the FT’s 2022 Ranking of the Best Masters in Management:
This 2022 ranking has undergone fewer changes than previous rankings published by the Financial Times. We note that there are few declines or few strong increases this year. Still, we can underline the progression of Audencia (4 places) or Kedge (+6 places). As for Montpellier Business School (MBS), the latter lost three grades compared to the previous year, but saw its average salary increase by more than $4,500 in one year!
However, the largest increases are seen in the pay increase seen among alumni and not in the ranks of the 2022 ranking. Among the largest salary increases are alumni of EDHEC (+$8889), emlyon (+$8723) and finally HEC (+$7307).
In general, we note that most schools see their average final salary increase by $2,000 to $4,000. However, three schools notice a drop in the pay of their former graduates. We find EM Strasbourg (-$466), IMT-BS (-$963) and ESSEC, which saw their average exit salaries fall by $2,282.
This ranking is also affected by the COVID-19 pandemic. Some schools, such as Rennes SB, did not receive enough answers from their former graduates to the Financial Times questionnaire during the incarceration period… These schools should return to the rankings next year.
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There are several organizations that provide data on students’ income upon leaving school or 3 years after graduation; and published data are never comparable. We therefore recommend that you consider this data with the utmost caution.
In addition, at the start of a career there is usually a pay gap between grade A schools (HEC, ESSEC, ESCP, EDHEC and emlyon) and the rest of the top 15. Schools are starting to shrink, even though in some companies the academic background (and thus the school attended) always have an influence on pay, even after several years of experience.
Finally, it is not only the fact that you have graduated from a business school that determines the compensation, but also the person’s first professional experiences, the type of position taken and the sector in which people develop.
In short, like every year, the Parisian schools (HEC, ESSEC, ESCP) still dominate the top of the rankings, even though they see the other TOP5 schools (EDHEC and emlyon) getting closer little by little. The top 15 are also getting smaller, there are fewer salary differences than before, even though SKEMA, Audencia and NEOMA distinguish themselves from the rest.
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