Forum: General Forum (2 Comments)
New Masters in Management
Posted by - Akira - on 14 March 2011 - 10:08pm
Hi
i am about to graduate from a Maritime Studies bachelor programme and i would like to do a masters in management.I have decided that i would like to participate in a one-year programme in Europe.I would prefer not to study in Great Britain (whick is filled with one year programmes) for my own personal reasons and i have found about 4 programmes in management in Europe looking at the FT rankings.
In this site i read that some programmes that are new havent had the opportunity to get into the FT rankings beacause some year must pass first.My question is how can someone fing these programmes that are new and how can someone evaluate them by himself only with the info provided in a websiteThank you in advance
Greg
Posted by - Thomas Graf - on 15 March 2011 - 1:38pm
Hi Greg,
thank you for your question. I agree that rankings are only one indicator out of many. There may be programs listed in the Financial Times Ranking that do not meet your preferences. And there may be programs not ranked (yet) that you may consider.
In general, I suggest to use the following indicators to assess the quality of a school or program:
- Rankings
Have a broader look at the respective Business School. It may not be in the Master in Management Rankings but maybe in other rankings, for instance in the FT European Business School Ranking or the MBA Ranking. A ranking position gives you at least some idea of the strengths (or weaknesses) of a business school. Besides the Financial Times, also the Economist and the Business Week offer rankings. - Accreditation
Accreditations such as AACSB and EQUIS regularly assess the quality of academic institutions. In addition, AMBA assesses the quality of individual MBA programs. AACSB, EQUIS, and AMB are internationally recognized accreditations. Similar to rankings, also accreditations are no guarantee that the programs meets your preferences. They are, however, quality indicators. I also recommend you to read our article about accreditations. - Companies on campus / Placement
Check the statistics of the business schools as to which companies come on campus or where the graduates of your desired program work after graduation. Also, check the statistics about what they earn on average after graduation, what they earn yome years later, or how long it took to find a job. If a business school does not publish this information, contact them directly and ask them. If they do not have that information because the program is too young ask for equivalent programs (other masters) to assess the career placement quality of that school in general. - Business school history
Read the business press (for instance search through the online archives of business magazines), read the "About us" part of the schools' websites, and ask the schools directly about their history.
To sum it up: In the absence of a Master in Management Ranking position try to assess the overall value or reputation of that respective business school and use this as a proxy for the quality of the resoective Master in Management program.
Best wishes
Thomas- Rankings
