IMADEC University
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| Established | 1991 |
|---|---|
| Type | private |
| President | Christian Joksch |
| Location | Vienna, Austria |
| Website | http://www.imadec.ac.at |
IMADEC University is a private business and law school located in Vienna, Austria.
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[edit] History
Founded in 1991 as "International Management Development Consulting", IMADEC became one of the first private schools in Austria to achieve legal recognition by the state as a university-level institution. It was a partner of California State University, Hayward (CSUH) for several years. The contract between the institutions was dissolved in 2002, reportedly over disagreements on financial issues and the academic credentials of a CSUH professor [1][2]. Today, the school is cooperating with faculty from the University of Texas at Austin.
In 2002, IMADEC announced plans to open branches in Dubai and Tokyo [3].
On 28 April 2006, the Austrian Administrative Court (Verwaltungsgerichtshof) ruled that an honorary DBA degree bestowed upon Alexandre Lamfalussy by IMADEC in 2003 was void, as private universities are not authorised to grant any degrees other than those that their state accreditation includes [4]. Several persons (including Arnold Schwarzenegger and Wim Duisenberg) have received honorary doctorates from IMADEC, which are now considered void as well [5].
[edit] Programs
IMADEC currently offers an Executive MBA program, an LL.M. program and an MLE (Master of Law and Economics) course of studies. The language of instruction is English. All courses are organized in 4 day intensive study sessions, each carrying 4 "Academic Units". They are taught by either IMADEC University resident staff or by visiting professors.
The institution's teaching is known for its focus on the Austrian school of economics.
[edit] Accreditation Status
IMADEC's state accreditation as a private university, first acquired in 2001, expired on 2 January 2006. In August 2006, the Austrian Accreditation Council rejected the school's request for renewed accreditation [6], citing deficiencies in quality assurance, academic staff structure, and financial backing as some reasons [7][8]. For the time being, the school will continue to operate under a different (non-university) form of state recognition that does not require approval by the accreditation council [9]. IMADEC's continued use of the designation "university" has drawn some criticism [10].
The accreditation of IMADEC's Executive MBA program by FIBAA expired in January 2005.
