International Institute for Management Development
Logo of IMD
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| Type | Private Business School |
|---|---|
| Established | 1990 (IMD was established in 1990 following the merger of two business schools: IMI, in Geneva and IMEDE, Lausanne) |
| President | Jean-François Manzoni |
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Academic staff
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60 |
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Administrative staff
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300 |
| Students | 8,000 |
| Location |
Lausanne, Vaud, Switzerland 46°31′N 6°37′E / 46.51°N 6.62°ECoordinates: 46°31′N 6°37′E / 46.51°N 6.62°E |
| Campus | Urban |
| Website | http://www.imd.org/ |
| Alumni: 100,000 | |
IMD is a business school located in Lausanne, Switzerland. In 2012, 2013, 2014, 2015 and 2016, it was ranked first in open programs worldwide by the Financial Times. The FT also places IMD in the top 3 combined ranking and top 5 in custom programs worldwide.
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, 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 sets it apart from the other leading business schools, which are all 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 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 IMD as one of the world's leading business schools.
IMD has a strong focus on training and developing general management and leadership skills. IMD selects experienced candidates for both the Master of Business Administration (MBA) (average age 31) and the Executive MBA (average age 41). 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.
IMD has two main educational offerings:
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 for a Company Engagement Project). Each class includes 90 participants from various countries.
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Wikipedia