University of St. Gallen takes the top spot for the fourth year straight

The Financial Times has updated its ranking of Masters in Management programs for 2013.

In this year's ranking, European business schools once again dominate. The University of St. Gallen leads the group for the fourth straight year, with its Master of Arts program in Strategy and International Management.

Following St. Gallen, ESCP Europe holds on to its second-place spot for the second year for its Europe Master in Management program. ESCP is followed by Germany's WHU Beisheim and France's HEC Paris; while the Rotterdam School of Management's Erasmus University and Spain's IE Business School tie for fifth place.

Further down the list, the Indian Institute of Management in Calcutta makes a strong debut at position number 19. And the London School of Economics re-emerges in position 20, after dropping off the ranking in 2011.

Masters in management programs are primarily one- and two-year long business programs aimed at students with little to no work experience. Read about how masters in management programs differ from MBA programs in this recent Find MBA article.

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