International Institute for Management Development

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IMD
Кампус IMD в Лозанне.jpg
IMD campus in Lausanne
TypeUniversity Institute
Business School
Established1990; 33 years ago (1990)
ChairmanMichel Demaré
PresidentJean-Francois Manzoni[1][2]
Academic staff
50
Administrative staff
300
Students8,900
Other students
90
Location, ,
46°31′N 6°37′E / 46.51°N 6.62°E / 46.51; 6.62Coordinates: 46°31′N 6°37′E / 46.51°N 6.62°E / 46.51; 6.62
Websitewww.imd.org
IMD logo.jpg

International Institute for Management Development (IMD) is a university institute with campuses in Lausanne, Switzerland and Singapore. For more than 75 years, IMD has been a pioneering force in developing leaders who transform organizations and contribute to society. IMD is well known for its MBA program, which is taught in English and consistently ranked among the best in the world.[3][4]

History and mission[edit]

IMD was formed in January 1990 through the merger of independent management education centers International Management Institute (Geneva) (IMI), established in 1946 by Alcan, and Institut pour l'Etude des Methodes de Direction de l'Entreprise (IMEDE) Lausanne established in 1957 by Nestlé.[5] The new organization, the International Institute for Management Development (IMD), settled in Lausanne. The history of IMEDE and its merger with IMI is documented in Jean-Pierre Jeannet and Hein Schreuder (2015, chapters 2 and 4).[6] Its industrial heritage is unusual for business schools, which are usually university-affiliated.[7]

IMD business school solely provides executive education; it is determinedly not part of a university, and there are no academic departments, just one integrated multidisciplinary faculty. The professors do not have permanent academic tenure but work under one-year contracts and a performance-based pay package. The faculty consists of 50 full-time members, made up of 21 different nationalities. The current president is Jean-Francois Manzoni, who follows Dominique Turpin, John R. Wells, Peter Lorange, and Juan Rada. The latter ran the school from 1993 to 2008 and has been widely credited with having established IMD as one of the world's leading business schools.[7]

IMD focuses on training and developing general management and leadership skills. Compared to other business schools, IMD tends to select experienced candidates for both the Master of Business Administration (MBA) (average age 31) and the Executive MBA (average age 40). Its other focus is to have a broad international group of participants attending open programs to ensure that no nationality dominates. Every year, some 8,000 executives representing over 98 nationalities attend one of the programs.[8]

Education[edit]

IMD has two main educational offerings:

MBA program[edit]

The school's MBA program is a one-year full-time program. The program runs from January through December without any break (summer is dedicated to a Company Engagement Project). Each class includes 90 participants from various countries.[12]

The MBA program focuses strongly on personal development, leadership, and general management instead of functional expertise, and as a result, the majority (70%) of the graduates typically get positions in the industrial and consulting rather than the financial sector, unlike other major schools.[citation needed] Students will benefit from close contact with executives on-site given IMD has been recognised as the best business school for an open program in executive education from 2012 to 2017.[13] Moreover, Students will also enjoy several trips to further expand their knowledge and activate their network: one discovery expedition (one week in a developed country and one week in a developing country), a Europe trip and a trip to reflect on the dilemma. Finally, each student will have to participate in the International Consulting Project during the fall, where he or she will be part of a team and work as a consultant on a project designed by various companies. Starting in 2018, the MBA curriculum includes electives dedicated to practical experience in digital marketing, machine learning, and big data.

Admission to the MBA program requires a bachelor's degree or equivalent from an accredited institution, GMAT, and a minimum of three years of full-time work experience, as well as a strong command of written and spoken English and one language in addition to English. Applicants who are deemed successful in the first written stage of the application process are invited to the second stage, and an interview process called the IMD Assessment Day.[14] The Assessment Day is a full-day event held either in IMD's campus in Lausanne, Switzerland, or in Singapore, or in other locations. It involves a personal interview, a short presentation, a business case discussion, and an MBA class observation.[15] The final admissions decision is communicated within 2 weeks of the Assessment Day.[14]

Forbes has ranked IMD's MBA #1 among one-year international MBA programs in its 2019 ranking. Testament to the program's strength and effectiveness in continuously shaping business leaders, IMD has held top spots in the ranking since 2001. IMD has also been ranked #1 in 2017, 2013, 2011, 2007, and 2001.[16]

EMBA program[edit]

The curriculum of the EMBA is different from the MBA because it targets experienced managers with at least 10 years of experience who seek to strengthen their careers without leaving their jobs. The average class size is around 55 participants of more than 40 nationalities. The program has three components: the foundations for business leadership, the advanced management concepts, and the mastery stage. Altogether the program takes over one year. It has a strong focus on leadership skills, integrated business themes, and on the immediate practical application of the subject matter. The 55 selected students have an average age of 40.[17]

In 2014 IMD joined forces with China's most prominent private business school, the Cheung Kong Graduate School of Business (CKGSB), to jointly teach a dual degree Executive MBA programme – an MBA for working managers. The new programme will be taught partly in Switzerland, in Lausanne, and partly in Beijing in China, with half the professors involved coming from each school. The 20-month programme will begin in February 2015 and will be in addition to the individual EMBA programmes already taught by the two business schools. The two schools are hoping to attract 60 participants to the programme, from which the participants will receive two degrees.

The difference between IMD's established EMBA and the new programme will be that the former concentrates on global management while the latter focuses on China and Europe, says president Dominique Turpin. The partnership is a way for the school, based in Switzerland, to extend its reach, he says. “We are still very dependent on the European market.” [18]

Executive education[edit]

Executive education is a fundamental part of the school activities.[7]

Ranking[edit]

IMD's full-time MBA has been ranked by Bloomberg[19] and Forbes[20] as one of the best one-year programs in Europe and internationally.

In 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019 and 2020 IMD was ranked first in open programs worldwide by the Financial Times.[21] The FT also places IMD at second in Custom Programs, with the school jumping up two places from fourth in 2016. IMD remained in second place in the combined custom and open program rankings, maintaining its spot from last year.[22]

IMD alumni (including executive education participants)[edit]

Faculty[edit]

See also[edit]

References[edit]

  1. ^ IMD appoints Jean-François Manzoni as president // Financial Times, Jonathan Moules, May 4, 2016.
  2. ^ IMD announces new President Jean-François Manzoni Professor Manzoni to start 1st of January 2017 // imd.org/news, May 2016.
  3. ^ "The Best One-Year International Business Schools List". Forbes.
  4. ^ Muhdi, Muhdi (2016-02-11). "Madrasah Dan Transformasi Intelektual". Al-Banjari: Jurnal Ilmiah Ilmu-Ilmu Keislaman. 14 (1). doi:10.18592/al-banjari.v14i1.640. ISSN 2527-6778.
  5. ^ "IMD – International Institute for Management Development". The Economist. Archived from the original on 2014-04-24. Retrieved 2014-04-24.
  6. ^ Jeannet, Jean-Pierre and Hein Schreuder. 2015. "From Coal to Biotech: The transformation of DSM with business school support". Springer. ISBN 978-3662462980
  7. ^ a b c "The Economist: Which MBA". Archived from the original on 2008-05-29. Retrieved 2008-06-01.
  8. ^ Chaudhary, Vikram (February 2011). "Financial Express".
  9. ^ "AACSB DataDirect - General". Datadirect.aacsb.edu. Archived from the original on 2012-03-14. Retrieved 2012-06-03.
  10. ^ "Association of MBAs". Mbaworld.com. Archived from the original on 2012-03-18. Retrieved 2012-06-03.
  11. ^ Pergoot, Nick. "EQUIS Accredited Schools". www.efmd.org. Archived from the original on 2014-02-16. Retrieved 2014-01-30.
  12. ^ "The IMD MBA: 90 Exceptional People Who Will Shape the Future of Business". Beat the GMAT. Archived from the original on 2014-04-25. Retrieved 2014-04-24.
  13. ^ "IMD Ranking". IMD.org. Archived from the original on 2016-05-26. Retrieved 2016-06-05.
  14. ^ a b "MBA Degree Admission Criteria - IMD". IMD business school. Archived from the original on 2016-08-25. Retrieved 2016-09-03.
  15. ^ "IMD assessment day: what to expect, and how to excel". 21 March 2014. Archived from the original on 13 August 2017. Retrieved 3 September 2016.
  16. ^ "The IMD MBA – a springboard to success – ranked #1 by Forbes once again".
  17. ^ "Executive MBA (EMBA) - Admissions - IMD Business School".
  18. ^ "IMD and Cheung Kong to launch EMBA in Europe and China".
  19. ^ "Bloomberg best business in Europe". Bloomberg News.
  20. ^ https://www.forbes.com/sites/christinasettimi/2019/09/18/imd-and-london-business-school-top-ranking-of-the-best-international-mba-programs/?sh=28c20a0e277a%7Ctitle=Forbes Best International MBA program
  21. ^ "Financial Times Executive Education Rankings - Open Programs - 2017". Archived from the original on 2017-05-17. Retrieved 2017-05-19.
  22. ^ "FT Executive Education Rankings 2017". Financial Times. Archived from the original on 2017-05-20. Retrieved 2017-05-19.
  23. ^ Tutorials, Script. "Varroc Group - Varroc Group Site". www.varrocgroup.com. Archived from the original on 11 July 2018. Retrieved 5 July 2018.

External links[edit]