International Institute for Management Development

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The International Institute for Management Development, or IMD, is a small business school with its campus in Lausanne, Switzerland. IMD was formed through the merger in January 1990 of two independent management education centers created respectively by Alcan and Nestlé: IMI Geneva (1946) and IMEDE Lausanne (1957). The school traditionally has strong ties with the European business sector.

It has been 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, but just one integrated multidisciplinary faculty. The professors do not have a lifelong tenure, but work under one year contracts and a performance based pay package. ^{[citation needed]} The faculty consists of 60 full-time members, made up of 22 different nationalities. The current President, Peter Lorange, came to the school in 1993 and is due to retire in 2008. Under his tenure IMD became a global brand for executive education, consistenly ending up at the top of different rankings.

IMD has a strong focus on training and developing general management skills. IMD selects therefore experienced candidates for both the MBA (average age 31) and the EMBA (average age 39). Its other focus is to have a broad international group of participants, where no specific nationality dominates. It intentionally doesn't set up auxiliary branches in other countries or continents, but wants to bring the participants together in Lausanne to stimulate cross-cultural interaction. Every year, some 8,000 executives, representing over 98 nationalities, attend more than 20 open-enrollment Executive Development Programs (including the MBA and EMBA programs) as well as company-specific Partnership Programs.

Programs

IMD has two main educational offerings:

• Degree programs: the MBA and the EMBA program
• Executive education: open enrollment and customized courses, which are considered by the Financial Times as the best in Europe.^{[citation needed]}

MBA program

The school's MBA program is a one-year program that offers the full curriculum commonly offered by 2-year MBA programs. The program runs January through December, with a short summer break. Classes are held 6 days per week, with one full weekend off each month. The school typically admits approximately 80 students, and each class includes participants from many countries. The acceptance rate is 28%. ^{[citation needed]}

The MBA program focuses strongly on general management, and as a result 70% of the graduates typically get recruited within the industry sector versus with investment banks and consulting firms, as is the case with the other major schools. ^{[citation needed]} Regular recruiters are Shell, Philips, Nestlé, Unilever, Novartis. The curriculum is designed to focus on real business experience.

EMBA program

IMD doesn't make a distinction between an EMBA or a Global EMBA. It offers one Global program. The curriculum is the same as the MBA, but with a stronger focus on the immediate practical application of the subject matter. The 70 selected candidates, which average age is 39, typically have broad international business experience. They stay on campus in Lausanne for certain periods, visit Silicon Valley, Shanghai, Ireland and Romania and do in-company assignments. During the first two modules participants follow one of IMD's open enrollment flagship programs called Program for Executive Development (PED). Companies that frequently send their employees to the EMBA program are Shell, Maersk, Novartis, Nokia and UBS.

Rankings

• Financial Times - "Ranking of the Rankings" combines results of all major MBA rankings (alternate years):
  • 2006: #1 in Europe & Internationally
  • 2004: #1 in Europe & Internationally ^{[citation needed]}
• Financial Times - MBA, Survey of alumni, business schools and Faculty research:
  • 2006: #14 Worldwide
  • 2005: #13 Worldwide ^{[citation needed]}
  • This is the only ranking where IMD isn't ranked in the global top 5. Not having separate academic departments, which are engaged in specific faculty related research has a negative impact ^{[citation needed]}
• Financial Times - Executive Education: non degree programs:
  • 2007: #1 Europe and # 3 worldwide for open enrollment programs
  • 2007: #1 Europe for customized courses ^{[citation needed]}
• The Economist - MBA, Surveys current participants and alumni about career opportunities; personal development & educational experience; salary increase; and potential to network:
  • 2005: #5 Worldwide and # 2 in Europe
  • 2004: #5 Worldwide and # 2 in Europe
• Business Week - MBA,Surveys both MBA alumni and the recruiters who hire them (alternate years):
  • 2004: #2 among non-US business schools
  • 2004: #1 among non-US business schools for the EMBA ^{[citation needed]}
• Wall Street Journal - MBA,Surveys recruiters about their perception of the school’s graduates and the career services support:
  • 2006: #2 Internationally
  • 2005: #1 Internationally
  • 2004: #1 Internationally ^{[citation needed]}
• Junge Karriere - Handelsblatt’s MBA ranking measures program performance, the price/performance ratio and the school's image:
  • 2006: #1 in Europe
  • 2005: #1 in Europe ^{[citation needed]}
• Forbes - MBA,Surveys alumni to measure return on investment (alternate years):
  • 2005: #2 among 1 year programs ^{[citation needed]}
• America Economia - A ranking of the best global MBA programs for Latin Americans, based on a survey of the schools:
  • 2005: #10 Internationally
  • 2004: #15 Internationally ^{[citation needed]}

IMD Alumni

• Susan Kibler: MBA 2002, American, Director of Special Projects, J.M. Huber Corporation, USA
• Virginia Porter: MBA 2002, Australian, Vice President, Investor Relations, Cable & Wireless, USA
• Parminder Kohli: MBA 2001, Indian, Commercial Fuels Business Manager, UK, Ireland & Nordics, Shell Europe Oil Products, UK
• Su-Mei Thompson: MBA 2001, Malaysian, Managing Director, Financial Times, Asia Pacific, Hong Kong
• Susanne Schneider: MBA 2000, Norwegian, Attorney-at-Law, Partner, Steenstrup Stordrange DA, Norway
• Mark Grambart: MBA 2000, Canadian, Vice President & General Manager, Industrial Business Unit, Huber Engineered Materials, USA
• Andres Coles: MBA 2000, Venezuelan/Polish, Vice President, Mergers & Acquisitions, Rabobank Nederland, USA
• Venkatesh Tulluri: MBA 1999, Indian, President, Kermel, France
• Lynette Foo & Michael Schröter: MBA 1999, Australian & Swiss, CFO & COO, Lilly Systems Biology Pte Ltd, Singapore
• Pauline Walsh: MBA 1998, Irish, Production Manager Mondeo Assembly, Ford Motor Company, UK
• Stefan Steger: MBA 1997, Austrian, Managing Partner, Heidrick & Struggles International, Austria
• Catriona Callender: MBA 1996, Australian, Managing Director, UK Theatres, Clear Channel Entertainment Theatre, UK
• Shashank Tripathi: MBA 1995, Indian, Chief Executive Officer, Inaltus Ltd, UK
• K.Y. Lee: MBA 1990, Taiwanese, President, BenQ Corporation, Taiwan
• Oern Stuge: MBA 1989, Norwegian, SVP & President, Medtronic Cardiac Surgery, Medtronic Europe Sarl, Switzerland
• Jürgen Fischer: MBA 1988, Swiss, President, Commercial Operations Group, Hilton International, France
• Eva von Rohr: MBA 1983, Swiss, Director, Von Rohr & Associates SA, Switzerland
• Jean-Frédéric Mognetti: MBA 1983, Owner & Managing Director, Professor at HEC School of Management in Paris and International

Consultant, Worldwide

• Carlos Rivera: MBA 1983, Mexican, Owner & Managing Director, Management Recruiters International, Mexico
• Nick Shreiber: MBA 1975, Argentinian, President & CEO, Tetra Pak Group SA, Switzerland
• Claude Hauser: MBA 1972, Swiss, Chairman, Migros, Switzerland
• Jon Fredrik Baksaas: President and CEO, Telenor, Norway
• Svein Aaser: CEO, DNB NOR ASA, Norway
• Gerard Stricher: CEO, Sidel, France
• Bryan Sanderson: Chairman, Standard Chartered Bank PLC,UK
• Michael Patsalos-Fox: Chairman, The Americas, McKinsey & Company INC, US
• Bo Risberg: CEO, Hilti Corporation, Liechtenstein
• Paul Choffat: CEO, Novartis Consumer Health, Switzerland
• Thomas Schmidheiny: Chairman, Holcim, Switzerland
• Bjarni Ármannsson: CEO, Glitnir Bank, Iceland

External links

• Official website

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