Poets & Quants Top Business Schools
IMD: International Institute for Management Development
Location: Ch. de Bellerive 23 P.O. Box 915 CH-1001 Lausanne, Switzerland
Admissions Office: +41 (0)21 618 0111
Admission Deadlines for Class of 2015
Round One: Feb 1, 2014
Round Two: Apr 1, 2014
Round Three: June 1, 2014
Round Four: August 1, 2014
Round Five: September 1, 2014
IMD is possibly the only top business school in the world where MBA students are treated to a sumptuous lunch every day for free. The reason: The school, located in Lausanne, on the shores of one of Switzerland’s most beautiful lakes, is an executive education powerhouse that caters to visiting execs. These elite businessmen and women are served top-notch cuisine while on the campus, which is situated about 40 minutes from Geneva.
Though IMD’s primary business is executive education, the school offers an intensive and intimate one-year MBA experience for just 90 students. It may well be one of the most thoughtfully crafted MBA programs for individuals available. The program — which focuses on leadership, entrepreneurship, and social responsibility — starts in January and ends in December. During that time, students work directly with a start-up company, as well as with CEOs and board-level executives of global companies.
IMD’s “Real World. Real Learning” approach provides the foundation for the MBA program. Taught in English, IMD claims that its MBA covers the same amount of material as a traditional two-year program and incorporates unique leadership experiences, start-up projects, building networks,and intensive personal coaching.
The program starts with business fundamentals in such core areas as accounting, finance, marketing, and operations. Students get to understand the functional areas of organizations and how they work together. The second half of the year is highly project based, allowing advanced application of the fundamentals to real leadership situations. Final grading is based on exams, class participation, and group projects.
Latest Up-to-Date MBA Rankings:
Poets&Quants (2012): 5
BusinessWeek (2012): 9
Forbes (2011): 1 (non-U.S.)
Financial Times (2013): 19 (global), 7 (European, 2012)
The Economist (2012): 10 (global), 2 (European)
Rankings Analysis: IMD slipped one notch to a rank of fifth in Poet&Quants’ composite list of the top 50 non-U.S. MBA programs in 2012. The school also dropped two places from seventh to ninth in the most recent BusinessWeek ranking, and fell five spots to No. 19 in the Financial Times’ listing. The school also lost its third-place spot on The Economist’s ranking, instead coming in at No. 10. Despite these slips, the school remains one of the top non-U.S. MBA programs, as evidenced by its No. 2 spot on The Economist’s 2012 ranking of European business schools.
Tuition & Fees: $92,019
Average GMAT: 670
GMAT Range (mid-80%): 620-750
Average GPA: NA
Acceptance Rate: 27%
Full-Time MBA Enrollment: 90
Mean Age: 31
Median Base Salary: $119,049
Median Signing Bonus: $32,894
Percentage of MBAs with Job Offers at Graduation: NA
Percentage of MBAs with Job Offers Three Months Later: NA
Where IMD’s Class of 2012 Went To Work:
Consumer Products: 19%
Financial Services: 3%
Pharmaceutical/Biotechnology/Health Care: 13%
Top Employers of IMD’s Class of 2012:
Solera / Audatex: 3
Boston Consulting Group: 2
One year general management program
The IMD MBA is a challenging, one-year general management program for dynamic, international professionals who want to make a difference and are ready for a career leap. Based in Switzerland ‐ a hub of the financial, industrial and luxury industries ‐ this consistently top-ranked program offers real-life, solid education recognized for its direct applicability and impact.
Leadership and Action Learning
Participants develop the skills to tackle complex business challenges and lead in a responsible manner. The integration of classes, live business cases and company projects across the globe allows participants to apply what they learn and develop the skills to run any global business. They live a start-up experience, help develop sustainability, and work with top management in multinationals. They develop leadership skills based on technical competence, self-awareness and moral judgment and have an optional 20 sessions with a psychoanalyst to increase their personal development.
Admissions & Career Services
IMD looks to select the best group of 90 from around the world: a talented group of people from diverse backgrounds who represent over 40 nationalities, typically have between 4-9 years of full-time work experience, and have an international outlook, excellent interpersonal skills and strong leadership potential. We help these MBAs to enhance their career by organising career training throughout the year and facilitating contacts with recruiters from diverse sectors and locations.
Boost your career
IMD MBA graduates are highly sought-after, experienced people. Each year, 90% of the class has job offers three months after graduation. In addition, 99% of graduates change either geography, industry or function.