International Institute for Management Development: Courses, Admission, Cost

The International Institute for Management Development, also known as IMD, is a well-known institute established in the year 1990. IMD is a private business school that is not under any university. The International Institute of Management Development as the result of a merger between two different and independent educational centers, namely the Institut pour I'Etude de Methodes de Direction de I'Enterprise or IMEDE formed in 1957 by Nestle, and International Management Institute or IMI formed in 1946 by Alcan. The sole aim of IMD is to provide students with executive education programmes in the field of business and management.

During the reign of dean Peter Lorange over IMD from 1993 to 2008, the International Institute of Management Developments was accredited in the truest sense and was considered one of the top business education centres in the world. The International Institute for Management Development has a well-equipped staff of 50 full-time members out of which at least 21 are from different nationalities.

Located in Lausanne, Switzerland, IMD offers its students two educational programmes, including MBA and Executive MBA. IMD's executive programme has open enrollment and company custom programme for those following through with their EMBA. The MBA program is a one-year nonstop ride with no breaks and starts from January and continues till December. Each class has a total of 90 students who are from various countries. Since 2018, IMD has also included electives that focus on the practical application of concepts like digital marketing, big data and machine learning.

The EMBA has a target demographic of applicants that have at least ten years of experience. The programme mainly focuses on strengthening learners without them having to let go of their jobs. This makes the average age of the participating students to 40 years. With 55 participants, the programme focuses on business leadership, the advancements of management concepts and the mastery stage. The EMBA is a result of a joined collaboration between IMD and China's most prominent B- school, Cheung Kong Graduate School of Business, which was formed in 2014.