French business schools dominate in Europe

11th September 2006, Comments 0 comments

LONDON, Sept 11, 2006 (AFP) - Seven French business schools are among the top 10 in Europe, according to a ranking published Monday by the Financial Times.

LONDON, Sept 11, 2006 (AFP) - Seven French business schools are among the top 10 in Europe, according to a ranking published Monday by the Financial Times.

First is HEC Paris, second is Cems, a network of 17 different European universities including HEC, and third is ESCP-EAP in Paris, according to Britain's leading business daily.

The ranking assesses Masters in Management programs, which most students join after their undergraduate degree, rather than those of Masters of Business Administration which usually requires several years of work experience.

While the MBA is still the benchmark on Wall Street, a Masters in Management is increasingly becoming the degree of choice in the City of London, Ellen Miller, a recruiter at Lehnam Brothers in London, told the Financial Times.

Immediately following the top three are four other French schools: the Grenoble Graduate School of Business, EM Lyon, Essec Business School and Edhec Business School.

Ranking number eight is the LSE (the London School of Economics) and number nine are the Stockholm School of Economics.

In 10th place, is another French school, Audencia.

In helping to determine its ranking, the FT said it evaluated the careers that alumni enjoy three years after graduating from the programs, which includes a survey of salaries.

At HEC Paris, which has been ranked the top masters program for the past two years, alumni earn more than EUR 62,500 at around 27 years of age.

Salaries for graduates who head for the City of London are even higher, it said.

In 2006, top new graduates from these Masters in Management program were earning usually 35,000 pounds with a sign-on bonus of 8,000 pounds, compared to about 58,000 pounds, plus a 20,000 pound sign-on bonus for MBA graduates.

Miller, managing director and head of European graduate recruitment at Lehman Brothers in London, told the Financial Times that "London is the happening place.

"They (Masters in Management graduates) are going to learn more here and faster," she was quoted as saying.

She said the City was increasingly recruiting graduates from French business schools in addition to the traditional British universities such as Oxford, Cambridge and the LSE.

Copyright AFP

Subject: French news

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