| IMD | |
|---|---|
Logo of IMD |
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| Established | 1990 (IMD was established in 1990 following the merger of two business schools: IMI, founded in Geneva by Alcan in 1946; and IMEDE, founded in Lausanne in 1957 by Nestlé) |
| Type | Private |
| President | Dominique Turpin |
| Academic staff | 60 |
| Admin. staff | 300 |
| Students | 8000 |
| Location | Lausanne, Switzerland |
| Campus | Urban |
| Website | http://www.imd.org/ |
| Alumni: 75'000 | |
IMD - International Institute for Management Development is a non profit business school located in Lausanne, Switzerland.
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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. The new organization settled in Lausanne.
Its industrial heritage sets it apart from the other leading business schools, which are all university-affiliated.[1] IMD is set up as a business school that 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 60 full-time members, made up of 23 different nationalities. The current President is Dominique Turpin, who follows John R. Wells and Peter Lorange. The latter ran the school from 1993 till 2008 and has been widely credited with having established the institute as one of the world's leading business schools.[1][2]
IMD has a strong focus on training and developing general management and leadership skills. IMD selects therefore experienced candidates for both the Master of Business Administration (MBA) (average age 31) and the Executive MBA (average age 39). Its other focus is to have a broad international group of participants attending the courses to ensure that no nationality dominates. It intentionally doesn't set up branches in other countries but brings the participants together in Lausanne to stimulate cross-cultural interaction. Every year, some 8,000 executives, representing over 98 nationalities attend one of the programs.
IMD has two main educational offerings:
The school's MBA program is a one-year program, which runs from January through December with a short summer break. Classes are held six days per week, with one full weekend off each month. The school deliberately keeps the number of participants small, admitting no more than 90 students. Each class includes participants from countries across the globe to ensure that no nationality dominates. The MBA program focuses strongly on general management instead of functional expertise, and as a result, the majority (70%) of the graduates typically get recruited within the industry sector versus with investment banks and consulting firms, unlike other major schools.[6] Regular recruiters are Shell, Philips, Nestlé, Unilever, Medtronic, Boston Consulting Group, Bain & Co, GE, Johnson & Johnson, McKinsey & Company, Nokia, Eli Lilly and Company and Novartis.
Admission to the MBA program: Admission requirements include a Bachelor’s degree or equivalent from an accredited institution, GMAT (average score 670), minimum three years full-time work experience (average is seven years), strong command of written and spoken English (TOEFL not required) and one language in addition to English.
Key Admission Stats – IMD MBA:
Average GMAT of admits: 670
Average Age of admits: 31
Candidates applying to the IMD Business School are advised to show international orientation as demonstrated by working and living outside of home country, international focus in career and knowledge of languages. Candidates should also show leadership and career progression. IMD has 5 deadlines and it is recommended to apply early.
The curriculum of the EMBA is different from the MBA because it targets experienced managers who are at a different point in their careers. It has a strong focus on leadership skills, integrated business themes and on the immediate practical application of the subject matter. The 60 selected candidates have an average age of 39 and according to the Financial Times are the most experienced group of EMBAs in the world. The IMD EMBA is ranked 5th in the world for General Management by the Financial Times.
Executive education is a fundamental part of the school activities.[1] IMD's industrial heritage has led to this strong focus of developing programs with and for its corporate partners. Half of the school's revenue is generated by company specific programs and 45% by open enrollment programs. IMD also has an alliance with the MIT Sloan School of Management. The two schools offer jointly-developed programs at both their campuses.[7]
The IMD World Competitiveness Center has been a pioneer in the field of competitiveness of nations and enterprises since 1989. It is dedicated to the advancement of knowledge on world competitiveness by gathering the latest and most relevant data on the subject and by analyzing the policy consequences. The WCC conducts its mission in cooperation with a network of 54 partner institutes worldwide to provide the government, business and academic community with the following activities: IMD World Competitiveness Yearbook, WCY Online, special country/regional competitiveness reports and workshops on competitiveness.
CSM is a research and learning initiative at IMD. CSM aims to be the academic partner of companies on their "sustainability journey," helping them to embed their sustainability strategies in a multiplicity of ways. CSM endeavors to build a sustainable business advantage for its member companies through social and environmental strategic action.
For over two decades, IMD has been serving the unique educational needs of family businesses from all over the world. The Leading the Family Business program remains the cornerstone of IMD’s programs in the field of family enterprise. Individual family companies may also arrange private programs that center on specific family and organizational needs. The Family Business Center was established to support IMD’s educational programs and contribute to knowledge in the field by producing relevant and applicable research, case studies, books and articles. The IMD - LO Global Family Business Award is given once a year to a global family business in recognition of its best practice.
Founded in 1995, The Evian Group IMD is an international coalition of corporate, government and opinion leaders, committed to fostering an open, inclusive, equitable and sustainable global market economy in a rules-based multilateral framework. It advocates trade liberalization to achieve growth and sustain the momentum of globalization. The Evian Group believes that international trade and investment has the great potential of uniting people through greater mutual understanding and common interest across countries, continents, cultures, and generations.