The recent release of the 2014 Financial Times Master in Management (MiM) ranking revealed UK and Belgian business schools dropping down the ranks significantly, with 7 out of 11 institutions in the UK and 3 out of 4 schools in Belgium diving down the chart by 7 or more places. ESC Rennes school in France and Michael Smurfit Graduate Business School at University College Dublin in Ireland in fact climbed up this year's ranks by 13 and 11 places respectively to positions 23rd and 45th.
Interestingly, London Business School is currently the highest-ranked business school in the UK as it secured its first ever place in the rankings, making it within the top 10. The dominant schools that enter into the rankings are European, with only 6 out of the 70 that are ranked coming from outside the main land continent. The FT MiM bases its results from figures provided by two surveys, one of which is conducted through the participating business schools and the second based upon the school's alumni who graduated three years prior to the release of the report. Further to that, the MiM focused on the success of alumni in their career since graduated, which is in part based on salary. Currently ranked number one, St Gallen's alumni earn an average income of $80,000 at the age of 28.
Most students utilize an internship, which is a significant and valued element to the MiM degree, as it provides a platform for many into a professional career. According to reports, 72% of people who completed the survey revealed that they had done an internship with over half then receiving job offer. Approximately 14% of graduates from 2011 started their own company since or during graduating with 80% of these companies still going.