St. Gallen leads the list for the fourth straight year

The Financial Times has published the 2014 edition of its Masters in Management Ranking.

In the new ranking, European and UK-based business schools continue to dominate. Switzerland's University of St. Gallen leads the list for the fourth straight year, with its Master of Arts in Strategy and International Management program. According to a write-up by the FT, the program is "the best value for money of all the programmes ranked." Following St. Gallen is HEC Paris' Master of Science in Management program, which jumped two spots to number two. France's ESSEC Business School's Master of Science in Management ranks number three, and is followed by Germany's WHU Beisheim's Master of Science in Management. CEMS' Masters in International Management rounds out the top five.

Spain's ESADE Business School moved up four spots this year; its MSc in International Management places six, and is followed by ESCP Europe's Master in Management program. Rotterdam School of Management takes place number eight, and is closely followed by Spain's IE Business School.

London Business School's Masters in Management program, which launched in 2009, makes a strong debut in this year's ranking at number ten. Other new entrants in this year's ranking include Germany's EBS Business School at number 14, Canada's UBC Sauder at number 49, France's ESC La Rochelle at 64, and China's Tongji University at number 65.

A few business schools lost ground in this year's ranking. The UK's Cass Business School lost ten spots to land at position number 14, for instance.

Besides UBC Sauder and Tongji University, only four other ranked business schools were from outside of the UK or Europe. These include India's IIM-C and IIM-A, China's Shanghai Jiao Tong University, and Russia's St. Petersburg State University Graduate School of Management.

The Master in Management ranks 70 masters programs in business that require little to no work experience. This year's ranking is based on data collected from the class of 2011, and is calculated on a number of metrics, including salary increase, international mobility, and aims achieved.

One notable finding in the ranking is the importance of internships. 72 percent of those surveyed said that they did an internship during their program, and of those, 64 percent said that the internship directly led to a job offer as a result.

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