Posted by Clear Admit on February 3, 2012, at 2:00 pm
Posted in:  MBA News , School: IESE , School: IMD Two-thirds of European business schools saw application volume drop last year after rising steadily for years, according to the Graduate Management Admissions Council (GMAC), which administers the GMAT entrance exam used by most schools.
An article yesterday in the Wall Street Journal highlighted GMAC application trend data, noting that some European schools saw the number of applicants fall by more than 10 percent even before the latest round of economic challenges hit the region. Even schools in more economically stable countries like Switzerland and the United Kingdom have been affected, in part because their tuitions have been rendered increasingly steep by falling currencies in neighboring countries.
Posted by Clear Admit on December 9, 2011, at 2:00 pm
Posted in: MBA News , School: IMD Switzerland’s IMD earlier this week joined the European Business School/Women on Board initiative, which is committed to shattering the glass ceilings that have until now prevented senior women executives from finding their places in corporate boardrooms throughout Europe.
The initiative, launched December 5th, includes several other top European business schools, leading female board members and the EU Commission. According to IMD Professor Bettina Büchel, it fits in perfectly with IMD’s commitment to helping organizations achieve greater diversity at the leadership level.
HEC Paris maintained its number one position in the Financial Times’ ranking of best European business schools this year, released this week. INSEAD bumped London Business School from number two to number three, and Spain’s IESE Business School and Switzerland’s IMD came in at fourth and fifth respectively. Overall, there were no dramatic changes in the line-up of top European schools save the rapid ascent of Italy’s SDA Bocconi School of Management, which tied for seventh this year as compared to its three-year rank of 16th.
In a special report accompanying the rankings, the FT’s Della Bradshaw pointed out that European schools, which until now attracted non-European applicants with their diverse student bodies and globally focused curriculums, face several new threats that could undermine these advantages. Chief among them are the continuing euro crisis and the reluctance of European governments to award post-degree work visas to non-Europeans as well as the rapid rise of Chinese and Indian business schools.
The Economist released its ninth annual ranking of full-time MBA programs yesterday, and Dartmouth’s Tuck School of Business seized the top spot, advancing from second position last year. According to the Economist analysis, the rapid pace with which Tuck graduates found employment, their salary expectations upon graduation and the quality of the school’s alumni network were among the considerations that helped propel the New Hampshire school to the top this year.
The Chicago Booth School of Business, ranked number one last year, fell to number two in this year’s ranking. Harvard Business School also slid, from fourth to fifth place. Switzerland’s IMD ranked highest among European MBA programs, coming in at number three. Rounding out the top five schools is the University of Virginia’s Darden School of Business, which made an impressive climb from 11th last year to fourth this year.
Posted by Clear Admit on August 29, 2011, at 3:00 am
Posted in: Admissions Tips , School: Berkeley / Haas , School: Chicago , School: Columbia , School: Dartmouth / Tuck , School: Duke / Fuqua , School: Harvard , School: IESE , School: IMD , School: INSEAD , School: London Business School , School: Michigan / Ross , School: NYU Stern , School: Penn / Wharton , School: Stanford , School: UCLA / Anderson , School: UNC / Kenan Flagler , School: Virginia / Darden , School: Yale For all those applicants who have recently opened a calendar to plot out the next few months only to realize they can’t possibly fit in campus visits on top of full time jobs and essay writing, never fear! It’s true that traveling to a school’s campus is the ideal way to learn about their MBA program, but visiting is often not a viable option for applicants who are located remotely or unsure of their level of interest in a given school. The good news is that business schools might very well come to them. Many b-schools are getting ready to hit the road and embark on worldwide tours to dispense information and recruit qualified applicants. Such events offer a great opportunity for interested students to meet with admissions staff (and sometimes with current students and/or alumni), learn about the program and ask specific questions.
Some of the top schools are already on the road, so we recommend looking into the travel schedules for programs of interest and planning accordingly. Keeping in mind that these schedules are updated and amended throughout the fall, here are some of the top programs’ itineraries for the months ahead:
Posted by Clear Admit on July 28, 2011, at 1:00 pm
Posted in: MBA News , School: IMD Of the 90 students in IMD’s incoming MBA class this year, 25 will be women, the Swtizerland school reports. Though IMD has always prided itself on its diverse class, this figure is a milestone.
“When highly accomplished people from a broad range of backgrounds, perspectives and skill sets are brought together, they challenge each other and gain invaluable understanding of other points of view,” Claire Lecoq, IMD MBA director of marketing, admissions and career services, said in a statement. “We are so encouraged by the ever-growing number and quality of women applicants.”
Posted by Clear Admit on March 28, 2011, at 1:00 pm
Posted in: Admissions Tips , Events , Interview: London Business School , School: IE , School: IESE , School: IMD , School: London Business School , School: MIT / Sloan , School: USC / Marshall , School: Virginia / Darden , School: Yale The Economist this week will host an exclusive online MBA event connecting selected MBA candidates with admissions officers, current students and professors from some of the world’s top MBA programs.
The Economist MBA Circle will take place on March 29th and 30th, featuring webinars and videos about the MBA admissions process, chat sessions on student life and special programs and the opportunity for participants to meet online with admissions officers, current students and alumni.
Posted by Clear Admit on March 4, 2011, at 1:00 pm
Posted in: MBA News , School: IMD Last month we reported that Switzerland’s International Institute for Management Development (IMD) is planning several innovations to its 2012 MBA program designed to help students integrate what they are learning in the classroom with real-world experiences. On Tuesday, March 8th, IMD’s MBA program director will host a live online chat session to outline these new innovations.
Posted by Clear Admit on February 18, 2011, at 1:00 pm
Posted in: MBA News , School: IMD Switzerland’s International Institute for Management Development (IMD) is planning several innovations in its 2012 MBA program designed to provide students with more opportunities to integrate what they are learning in the classroom with real-world experiences and leadership opportunities, the school announced this week.
The new IMD MBA program was developed with input from recruiters, alumni and academic research. It will incorporate what IMD is calling a continuous “action learning cycle approach,” which involves integrating classes with live business cases and projects that will allow students to put what they learn in the classroom directly into action.
Specific innovations to the curriculum include the introduction of new program content linked to live cases and projects with start-up companies, SMEs and multinationals, personalized learning and individual coaching, including a personal learning plan and individual projects for each student, and pre-program preparation for incoming students – through online learning, reading or a pre-program immersion course – that ensures that all students have an equal understanding of accounting, finance and statistics before the program starts.
Posted by Clear Admit on January 10, 2011, at 11:00 am
Posted in: MBA News , School: Harvard , School: IMD John Wells, who served briefly as president of Switzerland’s IMD business school, has returned to Harvard Business School (HBS), where he will once again teach strategy, the Financial Times reports.
Wells, who was appointed to serve as IMD’s president in April 2008, left his alma mater HBS to take the post. But he quit in June 2010, and in December 2010 he was replaced there by long-term IMD professor Dominique Turpin.
Posted by Clear Admit on November 30, 2010, at 1:00 pm
Posted in: MBA News , School: IMD Swiss business school IMD has named long-time marketing professor Dominique Turpin to serve as its next president, the school’s equivalent of dean, the Financial Times reports. Turpin succeeds John Wells, who stepped down in June after just over two years in the post.
Turpin, who has worked at IMD for more than 20 years, was the candidate favored by former IMD President Peter Lorange to lead the school when he himself stepped down, according to the FT report. Lorange helped establish the school and had served as its president for 15 years. But IMD’s executive committee instead opted for an external candidate, bringing Wells in from Harvard Business School.
Posted by Clear Admit on August 30, 2010, at 3:00 am
Posted in: Admissions Tips , Events , School: Berkeley / Haas , School: Chicago , School: Columbia , School: Dartmouth / Tuck , School: Duke / Fuqua , School: Harvard , School: IESE , School: IMD , School: INSEAD , School: London Business School , School: Michigan / Ross , School: MIT / Sloan , School: Northwestern / Kellogg , School: NYU Stern , School: Penn / Wharton , School: Stanford , School: UCLA / Anderson , School: UNC / Kenan Flagler , School: Virginia / Darden , School: Yale For all those applicants who have recently opened a calendar to plot out the next few months only to realize they can’t possibly fit in campus visits on top of full time jobs and essay writing, never fear! It’s true that traveling to a school’s campus is the ideal way to learn about their MBA program, but visiting is often not a viable option for applicants who are located remotely or unsure of their level of interest in a given school. The good news is that business schools might very well come to them. Many b-schools are getting ready to hit the road and embark on worldwide tours to dispense information and recruit qualified applicants. Such events offer a great opportunity for interested students to meet with admissions staff (and sometimes with current students and/or alumni), learn about the program and ask specific questions.
Some of the top schools are already on the road, so we recommend looking into the travel schedules for programs of interest and planning accordingly. Keeping in mind that these schedules are updated and amended throughout the fall, here are some of the top programs’ itineraries for the months ahead:
John Wells, who has served for the past two years as president of IMD in Switzerland, has stepped down, the Financial Times reported last week. IMD has named Dominique Turpin, a French professor of management and strategy at the school for the past 20 years, as interim dean. Turpin is expected to assume to role on a permanent basis after the interim period, the FT added.
Wells’ departure from IMD after so short a stint calls to mind the effective ouster of Dean Robin Buchanan by faculty at London Business School in December 2008, the FT noted. Buchanan, who like Wells was deemed a “non-academic” dean, was forced out after just 16 months on the job. Meanwhile, INSEAD, a third top European school with a businessman rather than an academic as its dean, may follow suit, the FT report continued. Frank Brown, INSEAD’s dean, is expected to step down in 2011 at the latest, at the end of his five-year term.
Wells, who came to IMD from Harvard Business School, met with criticism from the start, in great part because he appointed an anglo-American management team, according to the FT report. Of five senior positions, Wells appointed two Irish professors, one British professor, one American professor and, notably, no French or Belgian professors, though they are numerous on the faculty, the FT reported.
Wells, like Brown at INSEAD, also has faced difficult management decisions as a result of the global financial crisis. Both schools draw a large percentage of their revenues from executive short programs, which have been hard hit in recent years.
Adding further to the challenges faced by Wells is the fact that Peter Lorange, the former president of IMD, in July 2009 set up his own nearby business school. The Lorange Institute, in Zurich, also focuses on executive students, the FT noted.
For more on Wells’ decision to step down, click here. For more on Turpin’s appointment as interim president, click here.
Posted by Clear Admit on June 18, 2010, at 1:00 pm
Posted in: MBA News , School: IMD , Uncategorized Switzerland’s IMD Business School earlier this week announced the winners of its annual MBA Global Literacy Competition, a series of rigorous quizzes in which students are called upon to demonstrate their knowledge of worldwide politics, history and culture. Many of the winners credit the class diversity of IMD’s MBA program – some 40 nationalities are represented among 90 students – for helping them develop a more global mindset.
“I am absolutely fascinated with how things in the world are changing and why they are changing,” competition winner Cody Taylor said in a statement. Taylor, an American and former U.S. State Department diplomat, added that she benefits from the collective knowledge of her MBA classmates. Among the questions posed to contestants were
• What is the title of the early 11th century work by Lady MURASAKI Shikibu reckoned to be one of the greatest literary achievements of all time, and • What is the population of Cameroon and roughly how many ethnic and linguistic groups does it include*? This year’s winners – which include first through fifth place and five runners-up – each will receive a year-long subscription to the Business Standard, India’s leading business newspaper, as well as a selection of books focused on globalization.
The varying nationalities of the contest’s top performers are a testament to IMD’s class diversity. Students holding this year’s top five positions were American, Colombian/American, British/Malaysian, Cameroonian and Romanian.
Professor Jean-Pierre Lehmann, who helps facilitate the competition, encouraged participants to pursue a deeper global literacy throughout their careers by embracing the Socratic method of dialogue. “It is better to have questions than it is to have answers,” he said. “In the quest for knowledge about the world, the listening part is especially important.”
To learn more about the IMD MBA Global Literacy Competition, click here.
*Answers: a) Tale of Genji and b) an estimated 18.5 million with over 200 ethnic groups
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