Lake Forest Graduate School of Management 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 ...

non-profit

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, o ...

Lake Forest, Illinois Lake Forest is a city located in Lake County, Illinois, United States. Per the 2020 census, the population was 19,367. The city is along the shore of Lake Michigan, and is a part of the Chicago metropolitan area and the North Shore. Lake Forest ...

. It opened in 1946 as a response to the need for WWII veterans to translate their experience into practical business skills and foundational business knowledge. In 2004, the institution moved its campus to its present location near the

Tri-State Tollway The Tri-State Tollway is a toll highway in the northeastern part of the U.S. state of Illinois. It follows: *Interstate 80 from I-94/I-294/IL 394 in South Holland to I-294 in Hazel Crest; * Interstate 294 from I-80/I-94/IL 394 in South Hol ...

. As of 2022, its graduate programs include a Leadership MBA, Leadership Foundations Graduate Certificate and open-enrollment, non-credit baring Executive Education courses. The campus of Lake Forest Graduate School of Management is also associated with The Lake Forest Center for Leadership, which offers Leadership Development consultation and customized programming to be held within external organizations.

History

Lake Forest Graduate School of Management was created to respond to a business need in the

area as a shortage of management talent left local industry in need of leadership. To address the issue, three companies,

Abbott Laboratories Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known dr ...

, Fansteel Metallurgical Corporation, and Johns-Manville Products Corporation joined with Lake Forest College to form the Lake Forest College Industrial Management Institute (IMI) in 1946. IMI provided management training for returning veterans to help them transition into business. Since then LFGSM amicably separated from Lake Forest College, changed its name to Lake Forest Graduate School of Management, and established itself as a leading provider of both degree and non-degree business management education in the Chicago metropolitan area. LFGSM operates as an independent,

not-for-profit A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...

organization. LFGSM is accredited by the

Higher Learning Commission The Higher Learning Commission (HLC) is an institutional accreditor in the United States. It has historically accredited post-secondary education institutions in the central United States: Arizona, Arkansas, Colorado, Illinois, Indiana, Iowa ...

and authorized to grant master's degrees by the

Illinois Board of Higher Education The Illinois Board of Higher Education (IBHE) is a state government agency that oversees higher education in the U.S. state of Illinois. The IBHE was created in 1961. Since 2012 the IBHE also permits and oversees business schools and other vocatio ...

References

External links

Official website
1946 establishments in Illinois Business schools in Illinois Education in Lake County, Illinois Educational institutions established in 1946 Lake Forest, Illinois Private universities and colleges in Illinois Graduate schools in the United States {{Illinois-university-stub