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Salaries of masters in management graduates from leading business schools who now work in finance have jumped sharply in recent months, data from the FT’s new MiM ranking shows In the latest sign of a resurgence in the sector relative to other jobs, earnings of those in banking, financial services and insurance rose 4 per cent from 2023 to an average of $88,518 in early 2024, three years after completing their degree. That was a higher annual rate of growth than achieved by average MiM graduate earners in other sectors, led by consulting at $85,000 and technology at $84,000.
The data is drawn from research for the latest FT Masters in Management Ranking of programmes at 100 leading business schools worldwide, led by the University of St Gallen. The Swiss school returns to the top after dipping to second last year behind HEC Paris. HEC drops to second for 2024, while French school Insead — newly ranked for MiM — comes third. Among the 16 schools in the highest tier of the ranking, six are French and two are Chinese — Shanghai Jiao Tong: Antai and Tongji. Others include London Business School, Nova in Portugal, Bocconi in Italy, and Prague University in the Czech Republic.