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International Institute for Management Development

The International Institute for Management Development (IMD) is a private, independent business school located in , , specializing in , MBA programs, and for global business leaders. Founded in 1990 through the merger of two longstanding management institutes—the International Management Institute (IMI, originally established as the Centre d'Études Industrielles in 1946 by Alcan ) and IMEDE (founded in 1957 by in collaboration with professors)—IMD traces its roots to post-World War II efforts to train executives for a peaceful and prosperous society. With an additional Executive Learning Center in and a global reach, IMD focuses on practical, research-driven programs that emphasize , , and real-world application. In April 2025, IMD launched its first new degree programs in 25 years. IMD's mission is to educate executives and organizations to foster a more prosperous, sustainable, and inclusive world by challenging conventional thinking and inspiring transformative . Its flagship MBA program, launched in 1972, is a one-year, full-time general management course designed to accelerate career progression through , international exposure, and entrepreneurial focus, enrolling around 90 diverse students annually from over 40 nationalities. Complementing this, IMD's offerings include custom and open-enrollment programs in areas such as , , and , with recent additions like the Executive Master in Transformation to address global challenges like climate strategy. These programs are delivered in hybrid formats, combining on-campus sessions at its lakeside campus with online modules, and serve over 21,000 executives yearly (as of 2024) from top corporations worldwide. Renowned for its impact, IMD consistently ranks among the world's top business schools, securing the #2 position in and the for its MBA in Bloomberg Businessweek's 2025–2026 rankings due to excellence in learning experience, , and networking. In the 2025 rankings, IMD's Global MBA placed #22 worldwide, with the highest mobility score, while its custom executive programs topped the global list for the second consecutive year. The school also leads through its World Competitiveness Center, which publishes the annual IMD World Competitiveness Ranking assessing 69 economies on factors like economic performance and government efficiency—naming , , and as the top three in 2025. Notable include CEOs of multinational firms, and IMD's research output, including the influential first published in 1989, underscores its role as a in practices.

Overview and History

Founding and Early Development

The International Institute for Management Development (IMD) traces its origins to two pioneering Swiss institutions dedicated to executive management education in the post-World War II era. The International Management Institute (IMI) originated from a training school established in 1946 by Alcan Aluminium Limited in Geneva to train European managers for international operations, particularly in the aluminum industry amid Europe's economic reconstruction; it was renamed the Centre d'Études Industrielles (CEI) in 1948. Renamed IMI in 1981, it emphasized practical leadership development for executives from diverse national backgrounds, reflecting Alcan's global industrial needs. Complementing IMI, the Institut pour l'Étude des Méthodes de Direction de l'Entreprise (IMEDE) was founded in in by , another multinational corporation, with significant involvement from faculty. IMEDE adopted a case-based learning approach inspired by Harvard's , focusing on general to prepare executives for complex in multinational contexts. This industrial heritage, rooted in corporate funding from Alcan and , positioned both institutions as bridges between American practices and European business needs. In January 1990, IMI and IMEDE merged to form IMD, consolidating operations in to create a unified center for high-impact . The merger leveraged the complementary strengths of Geneva's international focus and 's case-study rigor, enabling IMD to expand its reach in training global leaders while maintaining independence from traditional university structures. By the late , IMD had solidified its role in executive development, with its predecessor IMI having published the first World Competitiveness Yearbook in 1989 as a milestone in global . This early evolution extended the institutions' foundational goals of fostering adaptive for multinational enterprises.

Mission and Organizational Values

The International Institute for Management Development (IMD) articulates its mission as "Challenging what is and inspiring what could be, we develop leaders who transform organizations and contribute to society." This purpose is reinforced by the institute's motto, "Real Learning. Real Impact," which underscores a commitment to practical education that yields measurable outcomes for individuals, organizations, and broader society. IMD's core values center on fostering an entrepreneurial spirit that encourages and risk-taking, alongside a deep integration of to balance prosperity and growth with ecological and . Inclusivity and form foundational principles, promoting diverse perspectives to drive equitable , while the blending of rigorous research with real-world industry practice ensures relevance and applicability. These values guide IMD's approach to cultivating leaders equipped to navigate complexity and foster long-term societal prosperity. Central to IMD's ethos is a dedication to real-world application via experiential learning methods that bridge theory and practice, supported by a highly diverse faculty representing over 50 nationalities to enrich global viewpoints. The institute emphasizes societal impact by addressing pressing global issues, including , geopolitical dynamics, and , aiming to equip leaders for responsible in an interconnected world. These values have evolved from IMD's origins in post-World War II industrial training, which laid the groundwork for practical education, to a contemporary focus on urgent global challenges such as the and the complexities of a fractured geopolitical , as explored in IMD's I by IMD . This progression reflects IMD's adaptive commitment to inspiring transformative amid evolving societal needs.

Academic Programs

Executive Education Offerings

IMD's executive education offerings emphasize flexible, high-impact programs designed for working professionals, with a strong focus on custom and open formats to address immediate organizational and personal development needs. In 2024, the institute delivered 372 custom programs to 197 organizations worldwide, tailoring content to specific challenges such as leadership upskilling and strategic innovation. These initiatives, co-created with clients including global security firm Securitas AB and pharmaceutical giant Bayer, prioritize measurable outcomes like enhanced predictive capabilities and rapid scalability in leadership training. IMD's custom programs were ranked #1 globally in the Financial Times Executive Education Custom ranking for 2025, highlighting their excellence in delivering bespoke solutions. Open enrollment programs at IMD attract over 5,000 participants annually, offering short-duration courses typically lasting from a few days to several weeks on core topics including , , and business strategy. These programs foster interactive learning environments with diverse cohorts, enabling professionals to gain practical insights and build global networks without disrupting their careers. In , enrollment reached 5,197 participants, reflecting sustained demand for accessible, high-quality executive training. To accommodate remote and hybrid preferences, IMD provides online and blended programs that combine virtual modules with optional in-person elements, serving 2,260 participants in 2024. A notable addition is the Executive Master in Sustainable Business Transformation, launched in 2025 as a flexible, stackable program focused on integrating into business leadership and operations. These formats leverage digital platforms for broader accessibility while maintaining rigorous, outcome-oriented curricula. Key features of IMD's executive education include the Future Leaders Program, a modular initiative for emerging executives that accelerates general skills through self-leadership, , and . Programs incorporate AI-rich tools for personalized learning paths and immersive technologies such as XR 360 experiences to simulate real-world scenarios and enhance engagement. Delivery occurs globally through hubs in , , and , ensuring culturally diverse perspectives and practical applicability across regions. This approach is supported by IMD's from AACSB, AMBA, and EQUIS, underscoring the quality of its offerings.

Degree and Master's Programs

IMD offers a range of and master's programs tailored for early- to mid-career professionals, emphasizing , global perspectives, and . These cohort-based programs provide academic credentials with a focus on practical application and transformation, distinguishing them from flexible offerings. The flagship one-year full-time MBA, commencing in January and concluding in December, features an -integrated curriculum that embeds award-winning AI tools throughout modules on , strategy, finance, and experiential learning challenges. The program accommodates a of approximately 90-100 students, with participants averaging six years of professional experience and 95% hailing from backgrounds, fostering a diverse . The Executive MBA (EMBA) adopts a modular, part-time format spanning 18 months, designed for senior professionals with options for elective customization and adjustable pacing up to 48 months if needed. It includes global immersion weeks in various international locations to enhance skills through real-world business engagements. Additional degree offerings include the in and , a two-year program jointly awarded by IMD, the (UNIL), and the Swiss Federal Institute of Technology in Lausanne (EPFL), which integrates technology innovation, economics, and sustainability principles for addressing climate and societal challenges. Launching in 2025, IMD introduces two new stackable Executive Master's degrees: the Executive Master in AI & Digital Business Transformation and the Executive Master in , each flexible over 18-60 months and combining technical expertise with projects to bridge skill gaps in high-demand areas. Admissions across these programs employ a holistic process, evaluating applicants' academic records, career trajectories, and potential through essays, recommendations, interviews, and optional GMAT/GRE scores to select candidates poised for impactful contributions. Program outcomes demonstrate strong career advancement, with 86% of MBA graduates achieving their stated career progression goals according to 2025 data, and high placement rates in sectors including consulting, , and .

Rankings and Recognition

Global Business School Rankings

In the 2025 Financial Times rankings, the International Institute for Management Development (IMD) achieved the top position worldwide for custom executive education programs, marking its first time at number one in this category after placing third in the prior year. It also ranked ninth globally for open executive education programs, maintaining a top-ten position for the 21st consecutive year. For its full-time MBA program, IMD secured eighth place in and 22nd worldwide, with a three-year average ranking of 30th. These results highlight IMD's strengths in program design, follow-up support, and value for money, where it placed in the top three globally for programs. The Bloomberg Businessweek 2025-26 Best Business Schools rankings positioned IMD second overall among schools in Europe and the Middle East, behind SDA Bocconi. IMD excelled particularly in key criteria, earning first place in learning experience and entrepreneurship, and second in networking, based on surveys of students and alumni evaluating educational quality, innovation support, and career connections. In other assessments, IMD ranked 423rd worldwide in the Center for World University Rankings (CWUR) 2025, placing it in the top 2% of over 21,000 institutions evaluated on education quality, alumni employment, faculty productivity, and research impact; within Europe, this corresponds to 166th position. Additionally, IMD maintained fourth place in The Case Centre Impact Index 2025, reflecting the global reach and adoption of its case studies among the top 50 business schools. Historically, IMD has demonstrated consistent excellence in executive education rankings from the Financial Times since 2018, frequently placing in the top three for both custom and open programs. For instance, it held the top spot for open programs from 2012 through 2018 and has remained a leader in custom offerings, with notable strengths in career progression—where 86% of participants reported advancements—and international mobility, driven by its diverse cohort and global curriculum focus. These trends underscore IMD's sustained performance in criteria such as aims achieved (first place in the 2025 MBA ranking), alumni network effectiveness, and thought leadership through research and publications. Such accreditations as AACSB, AMBA, and EQUIS provide the foundational eligibility for these global evaluations.

Accreditations and Awards

The International Institute for Management Development (IMD) holds the of international accreditations from the Association to Advance Collegiate Schools of Business (AACSB), the European Foundation for Management Development's EQUIS, and the Association of MBAs (AMBA), a distinction achieved and maintained since 2004. These accreditations recognize IMD's excellence in teaching quality, research output, and international orientation, positioning it among only about 1% of global business schools with this elite status. IMD's accreditations undergo rigorous renewal processes every five years, ensuring ongoing adherence to global standards in . The most recent AACSB reaccreditation was granted for the maximum five-year term in 2024, while EQUIS and AMBA renewals in prior years have similarly affirmed IMD's commitment to high-impact programs. Among its key awards, IMD ranked #1 worldwide for custom programs in the 2025 rankings, highlighting its tailored approach to corporate learning. Additionally, IMD President David Bach was named the 2026 International Educator of the Year by the of International (AIB), recognizing his contributions to global business pedagogy. In impact, IMD secured 4th place in The Case Centre Impact Index 2025, reflecting the widespread adoption of its teaching materials across institutions. IMD has earned recognition for in , including a licensing partnership with Licensing Group to integrate content from its I by IMD publication into global resources, enhancing access to actionable insights. The institute also leads in and , with its MBA program receiving the 2025 Graduate Business Curriculum Roundtable (GBCR) MBA Curricular Innovator Award for integration and multiple cases earning accolades in The Case Centre Awards 2025 for addressing challenges. These accreditations and awards underpin IMD's global influence, supporting a of over 145,000 across more than 180 countries who drive and worldwide.

People and Leadership

Notable Alumni

The International Institute for Management Development (IMD) boasts an extensive comprising more than 145,000 leaders and executives spanning over 80 industries across 180 countries. This global community underscores IMD's influence in cultivating transformative business talent. Prominent alumni include Philipp Humm (MBA 1985), former CEO of T-Mobile USA, who later transitioned into a career as an artist and investor while leveraging his executive experience in and . Tarang Jain (MBA 1987) serves as Chairman and Managing Director of Varroc Engineering, a leading global automotive component manufacturer, where he has driven expansion into technologies. Other key figures are Matti Alahuhta, former President and CEO of Kone Corporation, who attended IMD in 1989 and advanced global strategies in high- industries during his tenure, and Svein Aaser, former CEO of DnB NOR, who completed IMD's Program for Executive Development in 1976 and later shaped Norway's largest through mergers and international growth. IMD graduates frequently ascend to C-suite roles at multinational corporations, contributing significantly to global leadership. In sustainability, alumni like Kunal Chandra (MBA 2016), Chief Strategy and Officer at , exemplify efforts in by integrating renewable strategies into large-scale operations. Entrepreneurship thrives through the network, with alumni founding startups often supported by IMD's MBA Venture Award, which has propelled ventures in sustainable business models and innovation. The network's enduring impact is reinforced by 48 worldwide alumni clubs that facilitate regional engagement and knowledge sharing, and an 86% rate at which achieve their post-graduation career objectives, highlighting the programs' role in professional advancement.

Faculty and Administration

The International Institute for Management Development (IMD) employs over 60 full-time members who represent a diverse array of nationalities, bringing international perspectives to their teaching and research. These professors hold PhDs from prestigious institutions such as and other leading universities, ensuring a high level of academic rigor. Their expertise spans critical areas including strategy, , sustainability, and leadership, with many maintaining active consulting roles in global industries to bridge theory and practice. Key faculty include David Bach, who has served as IMD's President since September 2024 and holds the ; he was selected as the International Educator of the Year for the 2026 Academy of International Business conference. Howard Yu, the Professor of Management and Innovation, directs IMD's Center for Future Readiness and is renowned for his work on technological transformation and business innovation. Alyson Meister, appointed Dean of Degree Programs in July 2025 and effective September 1, 2025, is a of and , overseeing IMD's MBA, EMBA, and executive master's programs while focusing on inclusive leadership development. A prominent leadership scholar and contributor to IMD's thought leadership initiatives, draws on her experience as India's first female officer to explore fearless and in leadership. IMD's administration emphasizes a blend of academic scholars and practice-oriented experts, fostering an environment of multicultural collaboration among its 400+ faculty and staff from over 40 nationalities. A notable recent change occurred with the passing of Hanne de Mora in June 2025, who had served as Vice Chairperson of IMD's Foundation and Supervisory Boards since 2019, contributing significantly to governance and efforts. Faculty contributions extend to thought leadership through platforms like I by IMD, a knowledge hub that reached 785,000 active users by the end of 2024, featuring faculty-led insights on topics such as and energy transitions. IMD's case studies, developed by these scholars, are utilized globally in and academic settings, emphasizing real-world applications in and .

Partnerships and Global Reach

Corporate and Industry Collaborations

IMD maintains extensive collaborations with over 190 corporations worldwide, delivering 372 custom executive programs in 2024 tailored to organizational needs such as , strategic transformation, and talent acceleration. These partnerships emphasize , where IMD faculty work closely with client executives to integrate real-world challenges into program design, ensuring relevance and immediate applicability. Representative examples include tailored initiatives for İçecek, which earned a Gold award from the Brandon Hall Group for excellence in leadership development. In the realm of industry-specific thought leadership, IMD engages in long-term learning partnerships that address sector-unique imperatives. For instance, a five-year organizational transformation program with Securitas AB centered on redefining corporate purpose, strategic alignment, and global identity, culminating in EFMD Excellence in Practice Gold recognition for its impact on employee engagement and business outcomes. Similarly, collaboration with Bayer involved an innovative "Sprints" upskilling initiative that reached 12,826 leaders across the pharmaceutical and biotech sectors, emphasizing agility, innovation, and scalable behavioral change, with an 83% completion rate and strong results in performance metrics. Another notable effort is with Konica Minolta, where a talent development program received a Gold award from the Brandon Hall Group for fostering executive effectiveness in technology-driven markets. IMD extends its corporate ties to the startup and providing strategic support through alumni networks and program collaborations. In 2025, IMD's MBA and EMBA participants contributed to 22 ventures recognized in the Top 100 Swiss Startup Awards, including top-ranked firms like DePoly (chemical recycling, #2), Voltiris (solar tech, #4), and Bloom Biorenewables (sustainable materials, #5), enhancing their funding prospects and growth strategies via advisory input. These engagements leverage IMD's alumni as mentors and investors, bridging established corporations with emerging innovators. These corporate and industry collaborations significantly bolster IMD's operations, with executive education—including custom programs—generating revenues comparable to prior years and forming the core of the institute's financial model, historically accounting for around 78% of total operating revenues. They enable the integration of authentic case studies from partner firms into curricula, while facilitating global immersions that expose participants to international business contexts and diverse industry perspectives.

Academic and Institutional Partnerships

The International Institute for Management Development (IMD) maintains strategic academic partnerships with leading Swiss universities to foster interdisciplinary education and research. A prominent example is the joint Master of Science in Sustainable Management and Technology (MSc SMT), offered in collaboration with the University of Lausanne's HEC (UNIL-HEC) and the École Polytechnique Fédérale de Lausanne (EPFL). This program, launched under the Enterprise for Society (E4S) initiative, integrates IMD's management expertise with UNIL's focus on sustainability and EPFL's technological innovation, awarding a degree jointly from the three institutions. IMD also collaborates with the École Cantonale d'Art de Lausanne (ECAL) on co-created executive programs emphasizing design-focused leadership. These initiatives combine IMD's business acumen with ECAL's creative disciplines to address innovation challenges, such as in healthcare through joint MBA projects. On the global stage, IMD partners with international organizations to advance leadership and responsible management. As a strategic partner of the , IMD co-curates transformation maps on topics like family businesses and contributes to leadership forums, including discussions on geopolitics and cybersecurity at WEF meetings. Additionally, IMD has been a signatory to the since 2012 and was selected as a PRME Champion in 2023, integrating sustainability into its curriculum through initiatives like SDG-focused resources and annual Sharing Information on Progress reports. These partnerships enhance IMD's curriculum diversity by incorporating global expertise and facilitating joint events, such as AI and summits with organizations like the World Business Council for Sustainable Development (WBCSD). For instance, IMD co-hosts masterclasses on greening AI to optimize supply chains and reduce emissions, promoting cross-sectoral dialogue on net-zero futures.

Campus and Research Initiatives

Facilities and Locations

The main campus of the International Institute for Management Development (IMD) is located in Lausanne, Switzerland, at Chemin de Bellerive 23, CH-1001 Lausanne, situated along the shores of Lake Geneva. The campus coordinates are approximately 46°31′N 6°37′E. This site serves as the primary hub for IMD's degree programs, executive education, and administrative operations, featuring modern infrastructure developed since the institute's founding merger in 1990. Key facilities on the Lausanne campus include the Executive Learning Center for interactive sessions, La Résidence for participant accommodations, and specialized venues such as the , which is LEED Gold certified. The campus also incorporates innovation spaces like fitness facilities and meeting areas designed to foster collaborative learning. Sustainability is integrated into the design, with two-thirds of buildings equipped with solar panels and 70% featuring automated lighting systems to reduce energy consumption. IMD maintains global hubs to extend its reach beyond Switzerland. In Singapore, the Executive Learning Center at 1 Rochester Park focuses on Asia-Pacific operations, offering tech-enabled facilities such as a 200-seat hybrid-ready auditorium and 180-degree/360-degree immersive studios for experiential education. The Shenzhen Management Development Hub, located at No. 5073 Menghai Avenue in Nanshan District, supports China immersion programs through in-country research and practice facilities tailored to the local market. Additionally, an Innovation Hub in Cape Town, South Africa, facilitates Africa-focused executive programs and digital transformation initiatives. Technological infrastructure enhances IMD's delivery across locations, including the XR 360 AR Learning Theatre for immersive simulations via augmented reality experiences like SpheriCO2, which integrates for engaging training. Online platforms complement physical sites, enabling blended learning with 2,260 participants in online programs in 2024 out of over 21,000 total learners.

Research Centers and Publications

IMD conducts research through faculty-led initiatives focused on emerging global challenges, including artificial intelligence, sustainability, and geopolitics. The AI and Digital Transformation hub supports explorations into AI's role in business strategy and operations, such as its potential to accelerate net-zero transitions while addressing environmental impacts. Similarly, the Sustainable Business Transformation research initiative examines strategies for integrating sustainability into organizational practices, including board-level oversight and green economic metrics like Green GDP. Geopolitics research, led by experts like Simon J. Evenett, analyzes trade disruptions and strategic responses in a divided world, informing leadership decisions amid global tensions. A key dissemination channel is I by IMD, a business intelligence magazine and online platform launched in 2021 that provides first-person insights from academics, executives, and thought leaders. By the end of 2024, it reached 785,000 active users globally, with quarterly print runs exceeding 6,000 copies distributed via airlines and international platforms. Recent issues have addressed energy transitions through sustainability-focused content, such as AI's implications for climate action, and the "fractured world" via geopolitical analyses of supply chain vulnerabilities and tech sovereignty races. In 2025, IMD's publications emphasized practical leadership applications amid uncertainty. Key outputs included explorations of leadership tools for authentic impact, such as frameworks for building strategic flexibility and stakeholder engagement in turbulent environments. Other works outlined five ideas for tackling global challenges, covering AI literacy, sustainable growth trade-offs, and geopolitical risk management. These built on 2024 efforts, including the book Leading the Sustainable Business Transformation, which offers playbooks for organizational change. This faculty-driven research, involving top-ranked scholars like and , collaborates with organizational partners to generate rigorous, practitioner-relevant outputs. It integrates into IMD's program curricula through case studies—92 new ones produced in 2024 with over 230,000 global sales—and alumni resources, enhancing thought leadership that contributes to IMD's top rankings in Financial Times executive education assessments for custom and open programs.

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