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IMD

IMD, or the International Institute for Management Development, was formed in 1990 after the evolution and mergers of Geneva’s CEI (Centre d’Etudes Industrielles) and Lausanne’s IMEDE (Institut pour l’Etude des Méthodes). It is located on the Swiss shores of Lake Geneva, but in 2015, the school also expanded into Southeast Asia when it opened its Executive Learning Center in Singapore.

The school offers an MBA degree program for younger professionals, with a minimum of three years work experience. More experienced professionals may prefer the EMBA program, which is designed for candidates with company support and at least 10 years of business experience.


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Faculty

IMD’s 15 faculty members and dean balance teaching, research, and collaboration with international firms to keep current with the latest business trends. Professors are selected annually for programs according to their own schedules, meaning that those educators listed on the IMD MBA website may not teach each program every year. However, through ongoing project support and an open-door policy, MBA candidates are able to keep in contact with them throughout the year.

Curriculum

The IMD full-time MBA is a one-year program broken into three sections, as well as a pre-program. The latter runs from October to December and includes assessments and an immersion course. Business fundamentals are taught during the first section from January to June, covering business functions and environments, entrepreneurship, and the potential future. Subsequently, from July to September, candidates study company engagement projects, join discovery expeditions, and build experience with international consulting projects (ICPs). The third and final section offers more ICPs, personal interest coursework, and electives.

MBA candidates are tasked with analyzing industries, marketing, and building business plans, as well as organization audits and new venture financing proposals. Throughout the year, the assignments include group projects, integrative exercises, and individual exams. Meanwhile, the school’s corporate projects ensure direct client contact to understand current business issues, and provide opportunities to network.

Students have a choice of eight concentrations, including such options as Finance, Sustainability and more. Electives are selected according to individualized interests, with courses designed for specific skill and knowledge development that fit each student’s immediate career targets. Through IMD’s personal and leadership building, MBA candidates will undergo peer reviews, classroom and off-campus interactions; explore psychoanalytical coaching; and have time for individual reflection. These elements help shed light on issues such as group performance, navigating organizational scenarios, and how an individual’s own moral compass impacts decisions.

Other MBA Degree Options

In addition to the one-year full-time MBA, IMD offers an Executive MBA over 15 months, or over a longer period of time depending on the student’s work commitments. No matter the course timeline, students will only be away from his/her office for nine weeks total. For the EMBA program, core business themes run across the entire program, including company assignments, leadership stream, discovery expeditions, and crisis management practice.

Concentrations

  • Organization and Change Management
  • Finance
  • Leadership and Organizational Behavior
  • Leadership, Talent Management and Corporate Learning
  • Sustainability
  • Medical Industry
  • Negotiation
  • Service Marketing and Management

Degree Offerings

Full-Time MBA
http://www.imd.org/mba/program/one-year-mba-program/

Executive MBA
http://www.imd.org/emba/executive-mba/


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Clubs, Conferences and Competitions

With its spectacular view of the Swiss mountains, Lausanne is both scenic, and home to rich cultural and sports activities. IMD’s extra-curricular opportunities span a variety of interests—professional, social, and educational. The MBA school year starts with the traditional January polar bear jump into Lake Geneva. From there, student clusters can explore niche topics, and a social committee coordinates class outings like ski trips and summer barbecues. Group sporting events see students and spectators joining the annual MBA Regatta, weekly soccer matches, and the Lausanne marathon.

On campus, students can hear distinguished guest speakers’ latest insights and case studies, as well as personal challenges they faced and strategically addressed. During the year, there are specific course-related projects to pursue, including startup projects that invite MBA candidates to help a new high-tech venture develop its business model or move to its next stage. Similarly, students can join company engagement projects at partner companies for up to five weeks during the summer, offering potential employers the opportunity to review candidates’ fit with their firms. For international consulting projects, students complete a strategy assessment and form recommendations for corporate clients and NGOs.

Moreover, several large-scale events bring together IMD students, top-ranking executives and speakers, faculty, and other global business leaders. For example, the “Navigating the Future” conference brings together 100 executives from various industries for a two-day, on-campus conference that may cover human challenges, business model transformations, and mass-production challenges and new ideas. Orchestrating Winning Performance (OWD) is IMD’s five-day flagship program that’s comprised of at least 20 plenary sessions and topical streams that invite MBA candidates to explore business issues and present findings to a wider audience. Additionally, Discovery Expeditions invite students to take a 10-day trip to such destinations as Dubai, Singapore, China, Japan, Mexico, and the United States, where they can visit companies, join research projects, and engage in discussions on a range of topics.

With only a one-year program, the IMD alumni network grows stronger annually with new members who interact online every day, whether for networking, global collaborations, peer learning, or forums on business topics like entrepreneurship, leadership, healthcare, digital evolution, and more. Alumni clubs also host guest speakers and panel discussions across Switzerland and around the world.

Campus Spaces

Just blocks from Lake Geneva, IMD’s scenic campus is situated in one of the most picturesque urban areas in Europe. This region of Switzerland has swiftly become one of the world’s top science and technology hubs, and is home to blue-chip companies that interact on a global scale. The city and school offer unique access to executive networking and leadership building opportunities.

The campus includes six main buildings in Lausanne’s Ouchy district, including the landmark historic building La Résidence that serves as IMD’s reception hall and the president’s office. Since 2002, IMD has inaugurated the sleek Executive Learning Center building, the research-oriented Nestlé Building, and the Maersk Mc-Kinney Moller Center, the main conference hall with a 350-seat auditorium. There is no housing available on campus, but the IMD team is available to assist with lodging for the school year.


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Career Services

In recent years, the school has placed specific emphasis on its Career Stream process. In working with recruiters, the dedicated career services team builds close, long-term relationships by understanding each company’s unique culture. For MBA students, the IMD team starts with career audit methodology that helps clarify an individual’s professional profile and transferable skills for switching to another industry, job function, or location. The Career Stream involves personal coaching, refining each student’s development goals, and shaping career plans and strategies. These career services include collaborations with IMD-affiliated internal and external career counselors; practice interviewing and negotiation; job search seminars; panels with global human-resources executives; MBA mentoring partnerships; career fairs; and year-round, off-campus networking events. IMD’s MBA program is regularly ranked among the world’s best, in part due to successful recruiting by companies who appreciate the school’s rigor with candidates, and relevance in the current global business climate.

Career Statistics

After graduation, 71% of IMD’s Class of 2015 MBAs took positions at companies in Europe. About 96% changed industry, job function, or geography; 84% changes two or more of those factors; while 36% changed all three. The median starting salary for IMD graduates was $119,996; the average was $120,117, with about 74% receiving a signing bonus for their new positions that averaged about $24,340.

About 29% of graduates joined the consulting field while approximately 17% entered manufacturing. Sixteen percent pursued pharmaceutical/healthcare tracks and 15% entered technology/media. Another 9% joined chemicals/energy companies while 3% entered the family business. The non-profit realm welcomed 2% of graduates.

Seventy-one percent of IMD students took job opportunities in Europe, 17% in Asia, 10% in the Americas, and 2% in Africa and the Middle East. Some of the top companies that hired IMD MBAs include: McKinsey & Company, Amazon, Hilti, The Boston Consulting Group, Siemens, Syngenta, Straumann Group, with new companies joining IMD’s recruiting activities each year.


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Class Profile

IMD has a class of 2017 size of 90 students–the annual maximum class size. About 43% of the class has an educational background in engineering, while 20% pursued degrees in 20% business and commerce, 15% in finance and economics, 10% in social sciences, and 6% each in natural sciences and IT/Computer Science. Eighty percent of incoming students have a GMAT score between 620 and 750. Candidates submitting GRE scores must rank at or above the 75th to 80th percentile for both the quantitative and verbal sections. About 23% of the class is comprised of women, and about 44 different nationalities are represented. Approximately 61% of IMD’s MBA students hold an advanced degree; 62% have lived in over three different countries for at least six months; and on average, speak four languages.

Application Procedures

IMD gives its applicants the choice of applying in one of five admissions rounds that fall on the first day of February, April, June, August, and September. The school’s application requirements include completing the online application form and submitting three confidential letters of recommendation, a bachelor’s degree or equivalent from an accredited institution, uploaded transcripts, and a digital photo, along with a $360 (CHF 350) application fee. Applicants must also report their GRE or GMAT scores; but the school notes that there is no minimum requirement—a high score does not guarantee admission, and a lower score does not necessarily eliminate an applicant. After the initial application, qualified candidates are invited for an on-campus assessment day, during which IMD will evaluate each candidate’s English-language abilities (TOEFL scores are not needed). (Note: Phone interviews are not an option.) In its applicants, IMS seeks individuals with leadership potential, international perspective, strong interpersonal skills, steady career growth, intellectual curiosity, and strong values and integrity.

IMD has designed a special pre-application form called “Assess Your Chances” to assess potential candidates’ general fit with its program, which requires a new myIMD account login.

Application Checklist

  • Online Application Form
  • Minimum Three Years Work Experience
  • Bachelor’s degree or equivalent from an accredited institution
  • Official GRE or GMAT
  • Three letters of recommendation
  • Uploaded transcripts
  • A digital photo
  • A strong command of written and spoken English
  • At least one language in addition to English
  • $360 (CHF 350) Application Fee

 Get all of this info to read on the go! Download the IMD School School Snapshot PDF.

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The cost of tuition for the 2018 academic year is $61,570 (CHF 60,000). IMD estimates total cost of $124,165 for students full-time, one-year MBA, which includes housing costs of $19,240 (CHF 18,750) and $17,700 (CHF 17,250) in living expenses. Applicants who do not meet the objectives of IMD’s pre-program self-assessment in accounting and finance are required to complete the school’s three-day immersion program at the start of January, at a cost of $770 (CHF 750). IMD structures its tuition and fees to include program and project-related expenses for the MBA year. Estimated costs cover books; teaching materials; professional coaching and a partner advisor; weekday lunches at IMD; accommodation and travel expenses for IMD-organized projects; costs for executive-program, OWP participation, and off-campus team-building.

IMD grants scholarships or loans to about half of its MBA students, and the maximum financial aid amount awarded per student is $66,700 (CHF 65,000). Approximately $513,080 (CHF 500,000) is available each year in scholarships, and $1,334,020 (CHF 1,300,000) for loans. The school strongly advises all candidates to seek external financial-aid support.

Estimated Cost of Attendance

  • Tuition: $61,570 (CHF 60,000)
  • Fees: $25,655 (CHF 25,000)
  • Estimated Room and Board: $36,940/year (CHF 36,000)
  • Total $124,165

 Get all of this info to read on the go! Download the IMD School School Snapshot PDF.

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Stats

Class Size90
Mean GMAT670
Mean GPAn/a
% Female23%

Essay Topic Analysis


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Recommendation Questions


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Interview Reports


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Contact

Mailing Address
Ch. de Bellerive 23
P.O. Box 915
CH-1001 Lausanne, Switzerland

Phone: 41-0-21-618-0111
Email: [email protected]
Website: www.imd.org
Blog: blogs.imd.org
Twitter: @IMD_Bschool

Deadlines & Events

MBA LiveWire for IMD

Application results in real time, submitted by site visitors.
September 9, 2017 3:43am
Accepted from Waitlist via email.
GPA: 3.01. GMAT: 730. UAE.
July 6, 2017 2:38pm
Interview Invite via phone.
GPA: 3.25. GMAT: 740. Canada.
June 30, 2017 5:00am
Interview Invite via phone.
GMAT: 750. India.
June 23, 2017 3:25am
Interview Invite via phone.
GPA: 3.8. GMAT: 700. India.
April 4, 2017 9:01am
Accepted via phone.
GPA: 4. GMAT: 740.

DecisionWire for IMD

IMD
Enrolled: IMD
Admitted: IMD
GMAT: 750
Post-MBA Career: Consulting