International Institute for Management Development (IMD) is a

private Private or privates may refer to: Music * " In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorde ...

business school in

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 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 International Institute for Management Development (IMD) is a private business school in Lausanne, Switzerland specializes in executive education offering open enrollment programs for senior executives, as well as longer-term educational engage ...

(IMEDE) Lausanne established in 1957 by

Nestlé Nestlé S.A. (; ; ) is a 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 metrics, since ...

. 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, 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 accoun ...

(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 accoun ...

(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 * I ...

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 first ...

, and EFMD(

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 agency, government body. It is the art and science of managing resources of the business. Management includ ...

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 (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 ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

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, Ni ...

''. 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: Former CEO, DnB NOR *

Matti Alahuhta Matti Juhani Alahuhta (born 22 June 1952 in Alahärmä, Finland) was the President & CEO of KONE Corporation (2005–2014). Earlier he worked 26 years at Nokia Corporation and was Member of Nokia's Executive Board from 1993 to 2004. He is Chairman ...

: CEO,

Kone Kone Oyj (; officially stylized as KONE and trading as KONE Corporation) is an elevator engineering company employing over 60,000 personnel across 60 countries worldwide. It was founded in 1910 and is now headquartered in Espoo near Helsinki, F ...

Corporation *Ole Andersen: Chairman, Bang & Olufsen * Bjarni Ármannsson: CEO,

Glitnir Bank Glitnir was an international Icelandic bank. It was created by the state-directed merger of the country's three privately held banks - ''Alþýðubanki'' (Union Bank), ''Verzlunarbanki'' (Bank of Commerce) and ''Iðnaðarbanki'' (Industrial Bank ...

, Iceland *

Jon Fredrik Baksaas Jon Fredrik Baksaas (born 1954) is the Chairman of the GSMA and until August 2015 the CEO of Telenor. He now serves as a special adviser to the telecommunications company's Group Executive Management team. Among the longest-serving top executives ...

: President and CEO, Telenor *

Paul Bulcke Paul Bulcke (born 8 September 1954) is a Belgian businessman who is the chairman and former CEO of Nestlé. Early life He graduated as a commercial engineer at the Katholieke Universiteit Leuven and is an alumnus of the Vlerick Leuven Gent Man ...

: Former CEO,

Harsh Goenka Harsh Vardhan Goenka (born 10 December 1957) is the current chairman of US$3.80 billion worth Indian RPG Group The Rama Prasad Goenka Group, commonly known as RPG Group, is an Indian industrial and services conglomerate headquartered in ...

: Indian billionaire and Chairman,

RPG Enterprises The Rama Prasad Goenka Group, commonly known as RPG Group, is an Indian industrial and services conglomerate headquartered in Mumbai, Maharashtra. The roots of the RPG Group can be traced back to the enterprise of Ramdutt Goenka in 1820. RP ...

Oswald Grübel Oswald Jürgen Grübel (born November 23, 1943) is a German banker who was the group chief executive officer of Swiss bank UBS AG from 26 February 2009 until his sudden resignation on the 24 September 2011 in the wake of the 2011 UBS rogue trader ...

: Former CEO, UBS *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 ...

* Philipp Humm: Former CEO,

T-Mobile USA T-Mobile US, Inc. is an American wireless network operator headquartered in Overland Park, Kansas Overland Park ( ) is the second-most populous city in the U.S. state of Kansas. Located in Johnson County, Kansas, it is one of four principal ...

* Tarang Jain, Indian billionaire * Susanne Klatten: Member of the Board, BMW * Gerard Kleisterlee: Chairman

Vodafone Vodafone Group plc () is a British multinational telecommunications company. Its registered office and global headquarters are in Newbury, Berkshire, England. It predominantly operates services in Asia, Africa, Europe, and Oceania. , Vod ...

; Former CEO,

Royal Philips Electronics Koninklijke Philips N.V. (), commonly shortened to Philips, is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters is ...

Kjeld Kirk Kristiansen Kjeld Kirk Kristiansen (; born 27 December 1947) is the former President and CEO of The Lego Group (1979–2004). According to ''Bloomberg Billionaires Index'', Kristiansen is the third richest Dane, with a net worth of $6.75 billion as of April ...

: Former President and CEO,

The Lego Group Lego A/S (trade name: The Lego Group) is a Danish toy production company based in Billund, Denmark. It manufactures Lego-brand toys, consisting mostly of interlocking plastic bricks. The Lego Group has also built several amusement parks aroun ...

Abba Kyari Abba Kyari (23 September 1952 – 17 April 2020) was a Nigerian lawyer who served as Chief of Staff to the President of Nigeria from August 2015 to April 2020. Early life Kyari was born on 23 September 1952, to a Shuwa Arab family fr ...

: Chief of Staff to the President of Nigeria from August 2015 to April 2020 *Christoph Loos, CEO,

Hilti Hilti Corporation (Hilti Aktiengesellschaft or Hilti AG, also known as Hilti Group) is a Liechtensteiner multinational company that develops, manufactures, and markets products for the construction, building maintenance, energy and manufacturi ...

Jay Mehta Jay Mehta (born 18 January 1961) is an Indian businessman and entrepreneur. He is the son of Mahendra Mehta and Sunayana Mehta and grandson of Nanji Kalidas Mehta, who own the Mehta Group which is spread over Africa, India, Canada and United ...

, Chairman,

Mehta Group The Mehta Group of Companies, commonly referred to as the Mehta Group, is an Indian conglomerate based in Mumbai and headquartered in Gandhinagar, with subsidiaries in the United States, Canada, Kenya and Uganda. The group employs in excess of ...

Milinda Moragoda Asoka Milinda Moragoda ( Sinhala:අශෝක මිලින්ද මොරගොඩ) (born 4 June 1964) is a Sri Lankan politician and businessman. He is the current Sri Lankan High Commissioner Designate to India and, former Cabinet Minis ...

: Sri Lankan Cabinet Minister of Justice, Law Reform and MP *Thomas Oetterli, CEO,

Schindler Group , logo = Logo-schindler.png , logo_size = 200px , image = SchindlerTestTowerHeadOfficeEbikon.jpg , image_size = 250px , image_caption = Schindler Test Tower at the Head Office in Ebikon, Switzerland , type = Public (''Aktiengesellschaft'') , ...

* Mark Opzoomer: CEO, Rambler Media * Michael Patsalos-Fox: Former Chairman, Americas, McKinsey & Company *

Prince Pieter-Christiaan of Orange-Nassau, van Vollenhoven Prince Pieter-Christiaan Michiel of Orange-Nassau, van Vollenhoven (born 22 March 1972), is the third son of Princess Margriet of the Netherlands and Pieter van Vollenhoven. Before the succession of his cousin Prince Willem-Alexander as King i ...

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 Thomas Schmidheiny (born 17 December 1945) is a Swiss billionaire businessman, and the former chairman of cement manufacturer Holcim. Early life Thomas Schmidheiny was born in 1945, the son of Max Schmidheiny (1908-1991). The family's construc ...

: 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, ''

WiRed ''Wired'' (stylized as ''WIRED'') is a monthly American magazine, published in print and online editions, that focuses on how emerging technologies affect culture, the economy, and politics. Owned by Condé Nast, it is headquartered in San ...

'' *

Diego Molano Vega Diego Molano Vega (born 6 October 1967) is former Minister of Information Technologies and Communications of Colombia. He was appointed as minister by President Juan Manuel Santos since 2010. Molano has led Colombia to become one of the top ...

: Former Minister of Information Technologies and Communications, Colombia *

Peter Voser Peter Robert Voser (born 29 August 1958) is a Swiss businessman, who is currently the Chairman of the Sweden, Swedish-Switzerland, Swiss company ABB. He served as the chief executive officer, CEO of the Netherlands, Dutch-United Kingdom, British ...

: Chairman and CEO,

ABB ABB Ltd. is a Swedish- Swiss multinational corporation headquartered in Zürich, Switzerland. The company was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie merged to crea ...

, 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 Yo ...

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 published ...

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