Which European Master in Management leads to the highest salary?

By the Financial Times weighted salary figure three years after graduation — the measure this page ranks on — HEC Paris reports the highest among the European MiMs we profile ($142k). Salary outcomes track recruiting market, sector mix and brand as much as the degree itself, and the FT figure is a cohort average, not a guarantee, so read each profile's full careers breakdown rather than the headline alone.

How is the MiM salary figure calculated?

The figures here use the Financial Times Masters in Management weighted salary — alumni pay reported roughly three years after graduation, adjusted for purchasing-power parity and sector, and expressed in US dollars. It is a robust cross-school benchmark, but it is a survey-based average across a whole cohort, lags the current intake by a few years, and blends very different career paths. Treat it as a directional signal, not a promise of your own salary.

Does a higher-salary ranking mean I will earn more?

Not on its own. The cohort average reflects who the school recruits and into which sectors — consulting and finance pull averages up, for example. Your own salary will depend on your target industry, location, prior background and the market when you graduate. A school slightly lower on this list may pay better for your specific path; compare the per-profile industry and employer data, not just the average.

Which industries pay MiM graduates the most in Europe?

Across the programs we profile, the highest-paying first destinations are typically strategy consulting and financial services (investment banking, private equity), with technology and some FMCG rotational roles close behind. Public-sector, NGO and creative-industry roles usually pay less but offer other rewards. Each profile lists the top industries and employers for that school, so you can see where its graduates actually land.

Is the highest-salary MiM worth the higher tuition?

Sometimes. A higher salary outcome can justify a premium fee if the gap is durable and you enter a high-paying sector — but a cheaper program with strong placement in your target field can deliver a better return on investment. Weigh expected salary against total cost (tuition plus living costs) and your own goals. Our cheapest-MiM list and each profile's fees and salary data let you run that comparison directly.

Salary · 2026

The highest-paying MiM programs in Europe.

European Master in Management programs ranked by graduate salary, using the Financial Times weighted figure three years after graduation (USD). Each school links through to its full salary and careers breakdown.

European Master in Management programmes ranked by FT-weighted three-year graduate salary, highest first, with each programme's school and salary.
Rank	Program	Salary (3yr)	Profile
1	HEC Paris Jouy-en-Josas, France · 99% employed · $142k	$142k	→
2	University of St. Gallen St. Gallen, Switzerland · 98% employed · $140k	$140k	→
3	HHL Leipzig Graduate School of Management Leipzig, Germany · 89% employed · $134k	$134k	→
4	WHU – Otto Beisheim School of Management Vallendar, Germany · 90% employed · $128k	$128k	→
5	INSEAD Fontainebleau, France · 92% employed · $127k	$127k	→
6	Nova School of Business and Economics Lisbon (Carcavelos), Portugal · 94% employed · $123k	$123k	→
7	London Business School London, UK · 92% employed · $123k	$123k	→
8	University of Cologne Cologne, Germany · 83% employed · $120k	$120k	→
9	University of Mannheim Business School Mannheim, Germany · 98% employed · $120k	$120k	→
10	WU Vienna University of Economics and Business Vienna, Austria · 95% employed · $119k	$119k	→
11	ESSEC Business School Cergy, France · 99% employed · $119k	$119k	→
12	Esade Business School Barcelona, Spain · 91% employed · $117k	$117k	→
13	TUM School of Management Munich, Germany · 84% employed · $117k	$117k	→
14	Università Bocconi Milan, Italy · 95% employed · $115k	$115k	→
15	IESE Business School Madrid, Spain · 97% employed · $114k	$114k	→
16	ESCP Business School Paris · Berlin · London · Madrid · Turin · Warsaw, France · 100% employed · $113k	$113k	→
17	Frankfurt School of Finance & Management Frankfurt, Germany · 96% employed · $111k	$111k	→
18	EDHEC Business School Lille, France · 98% employed · $109k	$109k	→
19	Stockholm School of Economics Stockholm, Sweden · 90% employed · $109k	$109k	→
20	emlyon business school Lyon, France · 93% employed · $108k	$108k	→
21	EBS Business School Oestrich-Winkel, Germany · 80% employed · $107k	$107k	→
22	ZHAW School of Management and Law Winterthur, Switzerland · 100% employed · $102k	$102k	→
23	Católica Lisbon School of Business and Economics Lisbon, Portugal · 95% employed · $101k	$101k	→
24	Prague University of Economics and Business Prague, Czech Republic · 100% employed · $101k	$101k	→
25	ESMT Berlin Berlin, Germany · 95% employed · $100k	$100k	→
26	Vlerick Business School Brussels, Belgium · 97% employed · $98k	$98k	→
27	HEC Lausanne Lausanne, Switzerland · 66% employed · $97k	$97k	→
28	IE Business School Madrid, Spain · 88% employed · $95k	$95k	→
29	Audencia Business School Nantes, France · 100% employed · $92k	$92k	→
30	SKEMA Business School Lille, France · 96% employed · $92k	$92k	→
31	UCD Michael Smurfit Graduate Business School Dublin, Ireland · 95% employed · $91k	$91k	→
32	Louvain School of Management Louvain-la-Neuve, Belgium · 70% employed · $90k	$90k	→
33	Lund University Lund, Sweden · 82% employed · $87k	$87k	→
34	Grenoble École de Management Grenoble, France · 97% employed · $87k	$87k	→
35	Imperial College Business School London, UK · 95% employed · $85k	$85k	→
36	IÉSEG School of Management Lille, France · 98% employed · $85k	$85k	→
37	Maastricht University Maastricht, Netherlands · 100% employed · $81k	$81k	→
38	NEOMA Business School Reims, France · 100% employed · $81k	$81k	→
39	EADA Business School Barcelona, Spain · 97% employed · $80k	$80k	→
40	Solvay Brussels School of Economics and Management Brussels, Belgium · 88% employed · $79k	$79k	→
41	Trinity College Dublin, Trinity Business School Dublin, Ireland · 83% employed · $78k	$78k	→
42	NHH Norwegian School of Economics Bergen, Norway · 93% employed · $77k	$77k	→
43	University of Ljubljana School of Economics and Business Ljubljana, Slovenia · 97% employed · $74k	$74k	→
44	Warwick Business School Coventry, UK · 89% employed · $73k	$73k	→
45	Politecnico di Milano Milan, Italy · 96% employed · $73k	$73k	→
46	BI Norwegian Business School Oslo, Norway · 100% employed · $72k	$72k	→
47	Universidad Carlos III de Madrid Madrid, Spain · 87% employed · $68k	$68k	→
48	Hanken School of Economics Helsinki, Finland · 94% employed · $67k	$67k	→
49	Bayes Business School London, UK · 88% employed · $67k	$67k	→
50	Luiss University Rome, Italy · 88% employed · $67k	$67k	→
51	Kozminski University Warsaw, Poland · 92% employed · $65k	$65k	→
52	Rotterdam School of Management, Erasmus University Rotterdam, Netherlands · 80% employed · €50k	€50k	→

Common questions

Which European Master in Management leads to the highest salary? By the Financial Times weighted salary figure three years after graduation — the measure this page ranks on — HEC Paris reports the highest among the European MiMs we profile ($142k). Salary outcomes track recruiting market, sector mix and brand as much as the degree itself, and the FT figure is a cohort average, not a guarantee, so read each profile's full careers breakdown rather than the headline alone.: By the Financial Times weighted salary figure three years after graduation — the measure this page ranks on — HEC Paris reports the highest among the European MiMs we profile ($142k). Salary outcomes track recruiting market, sector mix and brand as much as the degree itself, and the FT figure is a cohort average, not a guarantee, so read each profile's full careers breakdown rather than the headline alone.
How is the MiM salary figure calculated? The figures here use the Financial Times Masters in Management weighted salary — alumni pay reported roughly three years after graduation, adjusted for purchasing-power parity and sector, and expressed in US dollars. It is a robust cross-school benchmark, but it is a survey-based average across a whole cohort, lags the current intake by a few years, and blends very different career paths. Treat it as a directional signal, not a promise of your own salary.: The figures here use the Financial Times Masters in Management weighted salary — alumni pay reported roughly three years after graduation, adjusted for purchasing-power parity and sector, and expressed in US dollars. It is a robust cross-school benchmark, but it is a survey-based average across a whole cohort, lags the current intake by a few years, and blends very different career paths. Treat it as a directional signal, not a promise of your own salary.
Does a higher-salary ranking mean I will earn more? Not on its own. The cohort average reflects who the school recruits and into which sectors — consulting and finance pull averages up, for example. Your own salary will depend on your target industry, location, prior background and the market when you graduate. A school slightly lower on this list may pay better for your specific path; compare the per-profile industry and employer data, not just the average.: Not on its own. The cohort average reflects who the school recruits and into which sectors — consulting and finance pull averages up, for example. Your own salary will depend on your target industry, location, prior background and the market when you graduate. A school slightly lower on this list may pay better for your specific path; compare the per-profile industry and employer data, not just the average.
Which industries pay MiM graduates the most in Europe? Across the programs we profile, the highest-paying first destinations are typically strategy consulting and financial services (investment banking, private equity), with technology and some FMCG rotational roles close behind. Public-sector, NGO and creative-industry roles usually pay less but offer other rewards. Each profile lists the top industries and employers for that school, so you can see where its graduates actually land.: Across the programs we profile, the highest-paying first destinations are typically strategy consulting and financial services (investment banking, private equity), with technology and some FMCG rotational roles close behind. Public-sector, NGO and creative-industry roles usually pay less but offer other rewards. Each profile lists the top industries and employers for that school, so you can see where its graduates actually land.
Is the highest-salary MiM worth the higher tuition? Sometimes. A higher salary outcome can justify a premium fee if the gap is durable and you enter a high-paying sector — but a cheaper program with strong placement in your target field can deliver a better return on investment. Weigh expected salary against total cost (tuition plus living costs) and your own goals. Our cheapest-MiM list and each profile's fees and salary data let you run that comparison directly.: Sometimes. A higher salary outcome can justify a premium fee if the gap is durable and you enter a high-paying sector — but a cheaper program with strong placement in your target field can deliver a better return on investment. Weigh expected salary against total cost (tuition plus living costs) and your own goals. Our cheapest-MiM list and each profile's fees and salary data let you run that comparison directly.

Turn this list into a plan — free tools

Build your shortlist Chasing the strongest salary outcomes? Build a shortlist matched to your target career, budget and profile in about a minute. Track their deadlines Track the application rounds for these high-earning programmes — and every other European MiM — in one live timeline.