INSEAD

INSEAD
Motto	The Business School for the World
Established	1957
Type	Private business school
Endowment	€135.6 million
Dean	Dipak C. Jain
Academic staff	250+
Postgraduates	over 1000, mainly MBA
Doctoral students	70+ PhDs
Location	Fontainebleau (near Paris, France), Singapore, and Abu Dhabi
Campus	Fontainebleau, Singapore, and Abu Dhabi
Website	www.insead.edu

INSEAD (the name was formerly an acronym for the French "Institut Européen d'Administration des Affaires" or European Institute of Business Administration) is one of the world’s largest and most prestigious graduate business schools^{[citation needed]}, with campuses in Europe (Fontainebleau, France), Asia (Singapore) and the Middle East (Abu Dhabi), as well as a research center in Israel. Academic offers include a full-time Master of Business Administration (MBA) programme, a Master of Finance programme, a PhD in management programme, and several executive education programmes (including an executive MBA). INSEAD is widely considered by top business publications as one of the world's best business schools and its full-time MBA as the best global MBA programme.

INSEAD MBA students and PhD candidates have the chance to study in three continents (through a multi-campus structure, an alliance with the Wharton School of the University of Pennsylvania and a student exchange programme with the Kellogg School of Management). INSEAD also has a reciprocal agreement with Harvard Business School, Stanford Graduate School of Business and Kellogg School of Management to share career services. Alumni of the four schools have exclusive access to job opportunities databases of each other.

Overview

Campuses

INSEAD has three campuses. The original campus (Europe Campus) is located in Fontainebleau, near Paris, France. INSEAD's second campus (Asia Campus) is in the Buona Vista district of the city-state of Singapore. The third and newest campus (Middle East Campus) is located in Abu Dhabi and serves only open enrollment executive education programmes.

The MBA programme is taught on both European and Asian campuses, with most participants spending part of their curriculum on both campuses. INSEAD has a North Americas office in New York City, and a Research Centre in Caesarea, Israel.

Executive Education

INSEAD holds both company/firm specific and open enrollment executive education programmes at its campuses in Europe and Asia and at its Executive Education centre in Abu Dhabi. INSEAD also works in partnership with corporate universities. Participants usually come from senior or top management, with many years of experience within their company or industry and younger 'high-potentials' identified as being key in succession strategies within their companies. Approximately 9,500 executives from over 120 countries undertake courses or programmes at INSEAD each year.^{[citation needed]}

In 2011, INSEAD launched a new Executive Certificate in Global Management which is awarded to participants who complete at least three INSEAD global management and leadership programmes.

MBA

The INSEAD MBA curriculum comprises a range of required core courses and electives. The core courses cover traditional management disciplines including finance, economics, organizational behaviour, accounting, ethics, marketing, statistics, operations management, international political analysis, supply chain management, leadership and corporate strategy.

There are approximately 80 electives on offer in the Accounting and Control, Decision Sciences, Economics and Political Science, Entrepreneurship and Family Enterprise, Finance, Marketing, Organisational, Strategy and Technology and Operations Management areas.

The INSEAD MBA starting in September only takes 10 months to complete and is two months shorter than the one-year MBA programs at Oxford's Saïd Business School and Cambridge Judge Business School. INSEAD also offers a 12 month MBA starting in January for students who want the opportunity to complete a summer internship.

Grading

Final course grades for most classes are determined by a mix of class participation, projects and exams. For core courses, INSEAD grades on a Standard Normal Curve, also called a Z-Curve, with a mean of 3.0. There are no forced fails. To graduate, participants must maintain a mean grade of 2.1 in core courses and electives. Electives are graded with an integer in the range 1-4. To encourage students to study outside their core area of expertise they are allowed to exclude their worst 2 elective grades from their GPA.

INSEAD maintains a Grade Non Disclosure Policy, which is supported by the students. Students are not to broach the subject of grades with recruiters and may not disclose grades to recruiters either in written or verbal communication, likewise recruiters who participate in on-campus recruitment are not permitted to ask students their grades.

The top 10% of students in each class, based on mean GPA, are placed on the Dean's List - a fact which they may disclose to recruiters. Those who graduate on this list at the end of the five periods are awarded the MBA with Distinction.

The student who achieves the highest GPA in each class, across both campuses, is awarded the Ford Prize.

Rankings

School rankings (overall)
Worldwide MBA
Financial Times	5

INSEAD is currently ranked as the #1 global business school by several leading publications including Bloomberg BusinessWeek and QS Global 200 Business Schools Report,. The Financial Times ranked it #4 in the world at 2011 (tied with Stanford Graduate School of Business), and #6 in the world at 2012. Moreover, it has been the highest ranked one-year MBA programme on the list of Financial Times for several years in a row. Informally, INSEAD is known as one of the "WISH"-list schools, alongside Wharton, Stanford and Harvard.

Post MBA Careers

The INSEAD Career Services team assists companies wishing to recruit INSEAD MBAs and participants. Approximately 120 companies/firms visit the Asia and Europe campuses during each recruitment season. Career Services organises company presentations and bi-annual career fairs on both campuses, sources jobs on its internal platform CareerLink and publishes a CV book for each graduating class.

Main employers of 2010 class MBA participants and the number of graduates employed were McKinsey & Company (127), Boston Consulting Group (60), Bain & Company (48), Booz & Company (40), Roland Berger Strategy Consultants (15), A.T. Kearney (14), Google (13), Johnson & Johnson (10), Standard Chartered Bank (9), Accenture (8), LVMH (8), Groupon (8), Barclays Capital (8), Eli Lilly (7), L'Oreal (7), Samsung (7), Goldman Sachs (6), HSBC (6), UBS (6), Morgan Stanley (5), Credit Suisse (5), etc.

INSEAD has a reciprocal agreement with Harvard Business School, Stanford Graduate School of Business and Kellogg School of Management to share career services. Alumni of the four schools have access to job opportunities database of each other.

INSEAD also participates in the MBA Global Career Forum, together with other leading business schools.

PhD Programme

INSEAD's doctoral degree (PhD) in management requires four to five years of full-time study and it is offered in both Europe and Asia campuses. In it students are able to specialise in one of eight areas: Accounting, Decision Sciences, Entrepreneurship, Finance, Marketing, Organisational Behaviour, Strategy and Technology and Operations Management.

Research

INSEAD has 17 Research Centres conducting research in different business and geographical areas. Some of the research centers include: 3i Venturelab, INSEAD Social Innovation Centre, Abu Dhabi Centre for Executive Education and Research, Asia Pacific Institute of Finance, INSEAD Blue Ocean Strategy Institute, INSEAD-Wharton Center for Global Research and Education (directed by Professor Serguei Netessine), Euro-Asia and Comparative Research Centre (directed by Gordon Redding),Centre for Decision Making and Risk Analysis and the INSEAD Innovation and Policy Initiative.

Teaching methods

Teaching methods at INSEAD include case studies, lectures, peer-to-peer learning, tutorials, group work, simulations and role-plays.

Case studies

The Case method is largely used in the classroom as a teaching method. Business case studies authored by INSEAD professors are the second most widely used in classrooms by business schools globally, after Harvard Business School's case studies.

The Business cases that have been designed at INSEAD have received many awards, are made available in Case clearing houses, and used by many other business schools.

Business simulation games

Business simulation games are largely used by INSEAD. Many of them have been designed by INSEAD faculties, and are also used by other business schools.^{[citation needed]}

Examples of Business simulation games that have been designed by INSEAD faculties and used in many institutions:

• The EIS simulation (Change management)
• FORAD (Finance)
• INDUSTRAT (Marketing)
• Markstrat (Marketing)

Innovation in education

A number of researches and initiatives are conducted at INSEAD to incorporate innovative learning approaches.

In particular centers conduct research in learning technologies and approaches such as:

• INSEAD CALT (the Centre of Advanced Learning Technologies). INSEAD CALT is and has been involved in many research projects, and in particular projects funded by the research programmes from the European Commission on approaches such as business simulations, or learning communities.
• INSEAD Learning Innovation Centre. INSEAD Learning Innovation Centre was funded to managing innovation in INSEAD programme design and delivery. For instance, INSEAD Learning Innovation Centre has introduced the use of Second Life virtual world as an education tool.
• INSEAD eLab. INSEAD elab is an umbrella structure covering the related research and teaching activities at INSEAD. INSEAD eLab has a particular focus on achieving a greater understanding of value creation and competitive advantage in the digital economy space. Example of recent work: The impact of new media and Web 2.0 platforms like wikis and social network services such as Blogs, Facebook, Twitter and YouTube on business and government (Fraser & Dutta 2008). Other projects include GITR (Global Information Technology Report), GII (Global Innovation Index) and INNOVAlatino. Some of the recently developed models are '3Q Model of CIO Leadership' and 'Innovation Readiness Model'. Annual Report 2008-09 is released.

Alumni

Main article: List of INSEAD alumni

The Alumni Association was founded by a group of alumni in 1961, and works in close partnership with INSEAD to provide services to the global INSEAD alumni community in 160 countries. Many are members of the INSEAD International Alumni Association, which has 43 national alumni associations.

In addition to the national associations, INSEAD alumni have formed clubs and groups dedicated to specific industries or activities. These include the Energy Club, the INSEAD Healthcare Alumni Network and the Salamander Golf Society.

Faculty

Deans of INSEAD

• 1959–1964 Olivier Giscard d'Estaing (Director)
• 1964–1971 Roger Godino (Part-time Dean of Faculty)
• 1971–1976 Dean Berry
• 1976–1979 Uwe Kitzinger
• 1979–1980 Claude Rameau (Dy Director General)
• 1980–1982 Heinz Thanheiser
• 1982–1986 Claude Rameau and Heinz Thanheiser
• 1986–1990 Philippe Naert and Claude Rameau
• 1990–1993 Claude Rameau and Ludo Van der Heyden
• 1993–1995 Antonio Borges and Ludo Van der Heyden
• 1995–2000 Antonio Borges
• 2000–2006 Gabriel Hawawini
• 2006–2011 Frank Brown
• 2011– Dipak C. Jain

Notable current and past faculty

See Category:INSEAD faculty

See also

• Blue Ocean Strategy - a book and strategy concept developed by INSEAD faculty
• Business school
• Executive education
• Management science
• MBA
• PhD in Management

Academic references (Publications by INSEAD academics)

• Bartlett, Christopher A.; Ghoshal, Sumantra (2002). Managing Across Borders: The Transnational Solution. Harvard Business Press. p. 391. ISBN 1-57851-707-9. 
• Doz, Yves; Kosonen, Mikko (2008). Fast Strategy: How Strategic Agility Will Help you Stay Ahead of the Game. Pearson Education. p. 253. ISBN 0-273-71244-6. 
• Doz, Yves; Santos, Jose; Williamson, Peter (2001). From Global to Metanational: How companies win in the knowledge economy. Harvard Business School Press. p. 258. ISBN 0-87584-870-2. 
• Fraser, Matthew; Dutta, Soumitra (2008). Throwing Sheep in the Boardroom: How Online Social Networking Will Transform Your Life, Work and World. Wiley. ISBN 978-0-470-74014-9. 
• Ibarra, Herminia (2003). Working Identity: Unconventional Strategies for Reinventing your Career. Harvard Business School Press. p. 199. ISBN 1-57851-778-8. 
• Kets de Vries, Manfred F. R. (2006). The Leader on the Couch: A Clinical Approach to Changing People and Organizations. John Wiley & Sons Ltd. p. 407. ISBN 0-470-03079-8. 
• Kim, W. Chan; Mauborgne, Renée (2005). Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant. Harvard Business Press. p. 240. ISBN 1-59139-619-0. 
• Kogut, Bruce (2008). Knowledge, Options, and Institutions. Oxford University Press. p. 372. ISBN 0-19-928252-8. 
• Larreche, Jean-Claude (2008). The Momentum Effect: How to Ignite Exceptional Growth. Wharton School Publishing. p. 324. ISBN 0-13-236342-9. 
• Mintzberg, Henry (1994). The Rise and Fall of Strategic Planning: Reconceiving the Roles for Planning, Plans, Planners. Free Press. p. 458. ISBN 0-02-921605-2. 

Miscellaneous

• Barsoux, Jean-Louis (2000). Insead: From Intuition to Institution. Palgrave Macmillan. p. 249. ISBN 0-312-23385-X 

External links

• INSEAD official website
• INSEAD Knowledge - Best of business research
• Official website of the INSEAD Alumni Association
• Independent profile
• World's Top 10 Business Schools Global Career Forum
• INSEAD Energy Club
• INSEAD breaks records in European Case Awards 2007
• INSEAD Social Innovation Centre
• INSEAD CALT (Centre for Advanced Learning Technologies)