On Monday 23 June the FT is expected to publish its first ranking of master of finance degrees. The FT consulted a number of business schools about this to try to make sure the rankings made sense, especially in comparing apples with apples. In the class of master of finance degrees there are at least three categories to bear in mind: do they require prior work experience (and in finance)? are they aimed mainly at quants (financial engineering degrees)? and are they intended primarily for further study (ie pre-PhD) or for working in financial practice? As you can generate nine types of degree from these categories there is a danger in a single ranking. You could also add the selection criterion: in Cambridge finance we select mainly on prior academic achievement but most other degrees use GMAT, which I personally regard as a very noisy signal.
The MFin team took part in the FT consultation as constructively as possible on the view that, whatever the merits of a ranking, the less distorted and misleading it is the better. In any case, the FT has decided to include only those degrees with at least 30 students who graduated three years ago (since a large part of the ranking depends on the salary three years on). Both Cambridge master of finance degrees (the other being the pre-experience MPhil in Finance, probably the most competitive degree to get into in the whole of Cambridge University – you need the equivalent of a first class degree even to be considered and most students came top of their class) are therefore excluded. Whether we would have wanted to be included is therefore, for the moment, academic.