Imperial College Business School
|Imperial College Business School|
|Type||Public business school|
|Dean||G. "Anand" Anandalingam|
|Location||London, United Kingdom|
|Affiliations||Association of MBAs
Imperial College Business School is a business school located in London, United Kingdom and a constituent faculty of Imperial College London. It is based at Imperial's main South Kensington campus in West London.
It is one of a small number of triple accredited business schools, accredited by EQUIS and has programmes and courses accredited by AACSB and AMBA. It is one of the leading business schools in Europe.
A Department of Management Science was established at Imperial in 1971 under the leadership of Samuel Eilon. The department was composed of staff and students from Imperial's Industrial Sociology Unit and at its inception had 15 academic staff and around 60 students on an MSc course. Over subsequent years the department grew and its focus shifted towards business studies.
In 1987 the Department of Management Science was merged with Imperial's Department of Social and Economic Studies to form a new School of Management, based in new purpose built accommodation on Exhibition Road. David Norbun was the first Director. The School launched a new three-year part-time Executive MBA course.
In 2000 Gary A. Tanaka, an alumnus of Imperial, agreed to make a substantial donation to the college. It was decided to utilise the donation, together with other resources, to fund the transformation of the School of Management into a research-led business school. Tanaka ultimately donated a total of £27 million to Imperial, of which £25 million went to the new business school, in what was at the time the largest single donation to any European business school. The new Tanaka Business School was launched in 2003, with David Begg as Director. In August 2008 the school was renamed Imperial College Business School.
In March 2013 the British hedge fund Brevan Howard agreed to donate £20.1 million to Imperial College Business School to fund the establishment of a new finance research center, the Brevan Howard Center for Finance.
The school is based in a purpose built high-tech building which is located at Imperial's main campus in South Kensington and has its main entrance on Exhibition Road. The building was designed by Foster and Partners and Buro Happold. It was constructed between September 2002 and June 2004 at a cost of £15.7 million, and was opened in 2004 by Queen Elizabeth II. The building was renamed the Tanaka Building in August 2008.
The school itself does not offer undergraduate degrees, however the majority of undergraduate students in other faculties at Imperial College London will have the option of studying management modules towards their degrees. Some departments' students can combine management with their science courses to attain a joint-honours degree. Medical students can study an intercalated BSc in Medical Sciences with Management while in their fourth year before returning to clinical training. Medical students from other universities can join this course.
Imperial College Business School offers the following postgraduate programmes:
- Masters of Business Administration (Imperial MBA)
- Imperial Executive MBA
- MSc Management with four distinct pathways:
- Digital Business
- Energy Business
- Globalisation, Sustainability in Business, and Corporate Social Responsibility
- Strategy and Leadership
The MSc Management at Imperial College Business School is an intensive programme for non-business undergraduate students. It is ranked 1st in the UK (single campus programmes) and 12th in the world by the Financial Times It is designed to prepare students for a wide range of careers in management and is geared in particular to entrepreneurship but also prepares for a wide range of careers in management such as Investment Banking and finance, business analysis, consultancy or accountancy. Admission to the MSc Management programme is highly competitive and includes an interview before final acceptance.
- MSc Strategic Marketing
- MSc Economics and Strategy for Business* Newly introduced Taught Masters Degree: Equips business graduates with the advanced skills to understand and apply strategic economic thinking to the modern organisation.
- MSc Innovation, Entrepreneurship and Management
The Degree prepares non-business graduates for a management career, combined with advanced insights in innovation and entrepreneurship. The programme is known to make use of Imperial's focus on innovation.
- MSc Actuarial Finance
- MSc Finance
- MSc International Health Management
The one-year programme combines business-focused teaching and cutting-edge research to prepare students for a management career in the global healthcare sector. The programme coordinates its teaching with the prestigious Imperial College School of Medicine.
- MSc Risk Management and Financial Engineering
- MSc Metals and Energy Finance
- Joint Honours programme (A one-year, full-time course in management for Imperial's science and medical undergraduates)
- Business in Science, Engineering & Technology (BEST) programme (Selected courses in Business for Imperial's students from other Faculties)
Imperial College Business School is recognised as a leading research institution in business and management. In the 2008 Research Assessment Exercise Imperial College Business School was ranked second in the United Kingdom.
The School has the following four research groups:
- Organisation and Management Group - examines many of the core management disciplines such as strategy, organisational behaviour, operations research and marketing. The Group's work is complemented by the three specialist groups.
- Finance and Accounting Group - active in quantitative finance research. The group has particular interests in derivative pricing, capital markets research, credit risk modelling, risk management and financial econometrics.
- Health Management Group - complements Imperial’s medical research and teaching and draws on many disciplines to provide theoretical and empirical analysis of healthcare systems and public health programmes.
- Innovation and Entrepreneurship Group - focuses on how innovation occurs, how new products and processes are developed and how new ideas transfer from the lab to the organisation and how new products are adopted by consumers.
In the latest FT ranking of Masters in Management (2013), Imperial College is ranked first in the UK. Imperial College Business School is ranked 3rd in the UK for Business Studies by the Complete University Guide Subject Tables 2012. The Financial Times has ranked the MSc Management Program 1st in the United Kingdom and 13th in the world in 2011. The Financial Times 2011 Global MBA Rankings has ranked the Imperial MBA programme 4th in Entrepreneurship. In the 2010 QS Global 200 Business Schools Report the business school is ranked 14th and its MBA in finance is ranked 4th in Europe. Imperial College Business School is ranked 14th in Europe by Bloomberg Businessweek.
- Gay, Hannah (2007). The History of Imperial College London, 1907-2007: Higher Education and Research in Science, Technology and Medicine. World Scientific. p. 578. ISBN 1860947093, 9781860947094 Check
- Gay, p 579
- Gay, p 580
- "Degrees of gratitude". The Guardian. 18 May 2004. Retrieved 30 June 2012.
- "Former student donates £27m". BBC News. 26 October 2000. Retrieved 30 June 2012.
- "Imperial College London - Business school changes name". Times Higher Education. 28 August 2008. Retrieved 1 July 2012.
- "Hedge Fund Donates $30 Million to Imperial College". The New York Times. 11 March 2013. Retrieved 17 March 2013.
- 21st Century Learning Environments. OECD Publishing. 2006. p. 100. ISBN 9264006508, 9789264006508 Check
- "RAE (Education),Business and management studies (Education subject),Research (Higher education),Higher education (Universities etc.),Education". The Guardian. 2008-12-18.
- Daily Telegraph. "The Complete University Guide for Business Studies in the UK". Complete University Guide.
- The Financial TImes. http://rankings.ft.com/businessschoolrankings/masters-in-management-2011 "FT Global Masters in management ranking 2011". The Financial TImes.
- "QS Global 200 Business Schools Report 2009 North America".
- Businessweek. "Europe's Top B-Schools 2011". Bloomberg Businessweek.
- Official site
- Imperial College Business School History and architecture of the school building
- Renaming of the school in 2008
- Smart Bougie triumph