French business schools run by HEC Paris are the best places to study for a master’s degree in finance in the world, with continued high demand despite the disruption of the coronavirus, according to the Latest annual assessment of FT.
The top five of the nine main providers of the MiF qualification offered to people with no previous work experience are based in France, along with four others among the total 55 schools included in the 2021 ranking.
The performance of HEC Paris is largely driven by the high salaries paid to international alumni hired by global banking and investment recruiters, who are drawn to France’s competitive elite education system and its notable strength. in quantitative skills.
“We are happy to have been able to come back to the top,” declared Eloïc Peyrache, the Dean of HEC Paris, appointed at the start of the year. “Our finance department is very strong and we have a global audience. The quality of the students is very good and the number of applicants is increasing.
The school has ranked first in the FT’s MiF ranking nine times over the past decade, ahead of other leading French business schools this year, including ESCP, Scheme, Essec and Edhec, who are all part of the country’s elite large schools.
London Business School retains its leadership position for the smaller number of MiF courses suitable for those who have already worked in the field before studying, before University of Cambridge: judge, Amsterdam Business School and Singapore University of Management: Lee Kong Chian.
The FT ranking is heavily weighted to reflect alumni salaries, with HEC Paris graduates reporting average earnings before bonuses of $ 156,583 three years after graduating. Schools are also assessed on factors such as gender diversity and assessments of career guidance services.
Europe dominates in offering MiF courses, although three Chinese business schools – Tsinghua University School of Economics and Management, Shanghai Higher Institute of Finance at SJTU and Peking Guanghua University – performed well this year.
U.S. business schools remain dominant in MBAs, but four of them were also included in this year’s FT MiF rankings.
The current demand for places, the recruitment of graduates and the salaries of alumni have been maintained compared to previous years, despite the disruption of the pandemic. The average salary of alumni three years after completing their pre-MiF experience has increased from $ 83,404 to $ 85,858 in 2021.
Peyrache said nearly 90% of his MiF students are from overseas and most have been recruited by non-French companies, including many London-based employers.