International Institute for Management Development (IMD) is a

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business school A business school is a university-level institution that confers degrees in business administration or management. A business school may also be referred to as school of management, management school, school of business administration, or ...

Lausanne , neighboring_municipalities= Bottens, Bretigny-sur-Morrens, Chavannes-près-Renens, Cheseaux-sur-Lausanne, Crissier, Cugy, Écublens, Épalinges, Évian-les-Bains (FR-74), Froideville, Jouxtens-Mézery, Le Mont-sur-Lausanne, Lugrin (FR ...

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

specializes in executive education offering open enrollment programs for senior executives, as well as longer-term educational engagements that are customized for senior executives of a particular company. IMD is well known for its MBA program, which is taught in English and consistently ranked among the best in the world.

History and mission

IMD was formed in January 1990 through the merger of independent management education centers International Management Institute (Geneva) (IMI), established in 1946 by

Alcan Alcan was a Canadian mining company and aluminum manufacturer. It was founded in 1902 as the Northern Aluminum Company, renamed Aluminum Company of Canada in 1925, and Alcan Aluminum in 1966. It took the name Alcan Incorporated in 2001. During t ...

, and Institut pour l'Etude des Methodes de Direction de l'Entreprise (IMEDE) Lausanne established in 1957 by

Nestlé Nestlé S.A. (; ; ) is a Switzerland, Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest publicly held food company in the world, measured by revenue and other me ...

. 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). Its industrial heritage is unusual for business schools, which are usually university-affiliated. 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 Jean-François Manzoni (born 1961, Paris, France) is a French and Canadian academic and the President (Dean) and Nestlé Chaired Professor of International Institute for Management Development (IMD), an independent business school with a main camp ...

, who follows

Dominique Turpin Dominique V. Turpin (born 12 January 1957, in Tours), a marketing professor at the International Institute for Management Development (IMD) with research interests in brand management, marketing strategy and communications. He spent his childhoo ...

, 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. 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 A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

(MBA) (average age 31) and the

Executive MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

(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.

Education

IMD has two main educational offerings: * Degree programs: the MBA and the EMBA * Executive education: open enrollment and company custom programs * The degree programs have

triple accreditation Triple is used in several contexts to mean "threefold" or a " treble": Sports * Triple (baseball), a three-base hit * A basketball three-point field goal * A figure skating jump with three rotations * In bowling terms, three strikes in a row * ...

AACSB The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to ...

AMBA Amba or AMBA may refer to: Title * Amba Hor, alternative name for Abhor and Mehraela, Christian martyrs * Amba Sada, also known as Psote, Christian bishop and martyr in Upper Egypt Given name * Amba, the traditional first name given to the fir ...

, and

EFMD The European Foundation for Management Development (EFMD) is an international not-for-profit association based in Brussels. Europe's largest network association in the field of management development, it has over 890 member organizations from academ ...

(

EQUIS The EFMD Quality Improvement System (EQUIS) is an international school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development (EFM ...

MBA program

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. The MBA program focuses strongly on personal development, leadership, and general

management Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activitie ...

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. 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. 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. 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. The final admissions decision is communicated within 2 weeks of the Assessment Day.

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

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.

EMBA program

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. In 2014 IMD joined forces with China's most prominent private business school, the

Cheung Kong Graduate School of Business Cheung Kong Graduate School of Business (CKGSB) () is a private, non-profit, independent educational institution and the only business school in China with faculty governance., CKGSB on the Li Ka Shing Foundation Webpage. The school offers MBA, ...

(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

, and partly in

Beijing } Beijing ( ; ; ), Chinese postal romanization, alternatively romanized as Peking ( ), is the Capital city, capital of the China, People's Republic of China. It is the center of power and development of the country. Beijing is the world's Li ...

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

. 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.”

Executive education

Executive education is a fundamental part of the school activities.

Ranking

IMD's full-time MBA has been ranked by

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and m ...

and

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 The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

''. 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.

IMD alumni (including executive education participants)

*Bappaditya Basu: Chief Business Officer, ANAROCK, INDIA *

Svein Aaser Svein Aaser (born 7 October 1946) is a former CEO of DnB NOR, the largest financial group in Norway. He resigned on 31 December 2006. He is chair of FIS Nordic World Ski Championships 2011 and the National Gallery of Norway Early career Aaser ...

: Former CEO,

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: CEO,

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Corporation *Ole Andersen: Chairman,

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: CEO,

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, Iceland * Jon Fredrik Baksaas: President and CEO,

Telenor Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwi ...

* Paul Bulcke: Former CEO,

Harsh Goenka Harsh Vardhan Goenka (born 10 December 1957) is the current chairman of US$3.80 billion worth Indian RPG Group conglomerate. He is the eldest son of R. P. Goenka and chairman of RPG Group since 1988. He is listed as 77th richest Indian and numb ...

: Indian billionaire and Chairman,

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* Oswald Grübel: Former CEO,

UBS UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swi ...

*Carla De Geyseleer, CFO,

Volvo Cars Volvo Cars ( sv, Volvo personvagnar, styled VOLVO in the company's logo) is a Swedish multinational manufacturer of luxury vehicles headquartered in Torslanda, Gothenburg. The company manufactures SUVs, station wagons, and sedans. The company ...

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: Former CEO, T-Mobile USA *

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, Indian billionaire *

Susanne Klatten Susanne Hanna Ursula Klatten (''née'' Quandt, born 28 April 1962) is a German billionaire heiress, the daughter of Herbert and Johanna Quandt. As of January 2022, her net worth was estimated at US$23.4 billion, and the richest woman in German ...

: Member of the Board, BMW *

Gerard Kleisterlee Gerard Johannes Kleisterlee (born 28 September 1946) is a Dutch businessman and engineer. He is the chairman of Vodafone, and the former president and CEO of Philips. Early life Born in Germany in 1946 to Dutch and German parents, he was raised ...

: Chairman

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; Former CEO,

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: Former President and CEO,

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: Chief of Staff to the President of Nigeria from August 2015 to April 2020 *Christoph Loos, CEO, Hilti * Jay Mehta, Chairman, Mehta Group * Milinda Moragoda:

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n Cabinet Minister of Justice, Law Reform and MP *Thomas Oetterli, CEO, Schindler Group * Mark Opzoomer: CEO, Rambler Media * Michael Patsalos-Fox: Former Chairman, Americas,

McKinsey & Company McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations. McKinsey is the oldest and ...

* Prince Pieter-Christiaan of Orange-Nassau, van Vollenhoven,

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

Mark Rutte Mark Rutte (; born 14 February 1967) is a Dutch politician who has served as Prime Minister of the Netherlands since 2010 and Leader of the People's Party for Freedom and Democracy (VVD) since 2006. After a business career working for Unileve ...

: Prime Minister,

* Thomas Schmidheiny: Chairman,

Holcim Holcim is a Swiss-based global building materials and aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 202 ...

* Søren Skou: Group CEO, A.P. Moller - Maersk *

Ian Charles Stewart Ian Charles Stewart is an entrepreneur, and the co-founder of ''Wired'' magazine and Artworld Salon. Interested in the financial aspects of international art, he has an MBA from the International Institute for Management Development. He has liv ...

: Founder, ''

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'' * Diego Molano Vega: Former Minister of Information Technologies and Communications,

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* Peter Voser: Chairman and CEO, ABB, Former CEO

Royal Dutch Shell Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New ...

References

External links

Information's about the International Institute for Management Development

A-Z Business Schools,

independent.co.uk ''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was publishe ...

International Academy of Sports Science and Technology
(

AISTS The International Academy of Sport Science and Technology (French: ''Académie internationale des sciences et techniques du sport'', AISTS) is a non-profit foundation based in Lausanne, Switzerland. About AISTS The International Academy of Sports ...

) {{DEFAULTSORT:International Institute For Management Development International Institute for Management Development Educational institutions established in 1990 Organisations based in Lausanne 1990 establishments in Switzerland