Imperial College Business School
|Type||Public business school|
|Established||Department of Management (1971), School of Management (1987), Tanaka Business School (2003), Imperial College Business School (2008)|
|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 of Imperial College London. The business school was opened in 2004 by Queen Elizabeth II. It is based at Imperial's main South Kensington campus in West London.
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 because the old name did not strongly emphasise its association with the College. The school's accommodation was subsequently named "the Tanaka Building". An alternative speculation is that the college changed the name of the school to distance itself from Tanaka's fraudulent activities after he was tried and found guilty of conspiracy, securities fraud and investment adviser fraud in the same year.
The main building is located at Imperial's South Kensington campus 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 business school also operates out of a secondary building, 53 Prince's Gate, also in South Kensington.
Imperial College Business School offers the following postgraduate programmes: MBA (Imperial MBA, Imperial Executive MBA & Global MBA), Master's programmes, Joint Master's programmes, and a Doctoral programme.
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 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.
Global University rankings: Imperial College London is consistently included among the top 10 global universities, ranking 2nd in the 2015 QS World University Rankings and 9th in the 2015 Times Higher Education World University Rankings.
Business School ranking: In 2015, Imperial College Business School ranked 3rd in the UK (behind the London Business School and Oxford University's Said Business School) and 12th in Europe overall, according to the Financial Times.
Graduate Prospects: According to The New York Times, recruiters consider its students among the 10 most valued graduates in the world. In 2016 the Complete University Guide ranked Imperial College London as having the highest student graduate prospects in the UK.
Entrepreneurship: Reuters ranks Imperial 1st in Innovation in Europe among The World's Most Innovative Universities Ranking (2015). Businessweek ranks Imperial 1st in entrepreneurship outside the US (7th in the world).
Management: The Financial Times has ranked the MSc Management Program 1st in the UK in 2011 and 2013.
Finance: The MSc Finance programme is ranked 1st in the UK and 11th in the world by the Financial Times in 2016.
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- Imperial College Business School History and architecture of the school building
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- Smart Bougie triumph