Multi-Partner IMM International MBA Program Undergoes Major Expansion and Upgrade Mirroring Today's Global Challenges and Opportunities
George Soros Delivers Keynote Comments at Ceremony Recognizing New Partnerships with Schools in Brazil, China, and France
To be successful in today’s increasingly complex global business arena, there is no substitute for on-the-ground familiarity, especially when coupled with an informed global outlook. Deans from seven prominent business schools on four continents—all supporters of this dual approach—converged on Budapest on Monday, October 29. They gathered to sign a Letter of Agreement in a ceremony recognizing the expansion of the 20-year-old IMM Executive MBA program from four partner schools to seven.
Early in the event—a four-hour-program focusing on modern dimensions of global strategy—philanthropist and investor George Soros assessed key financial and international banking and investment challenges for the global economy. Speaking at Central European University, which he founded in 1991, Soros remarked on efforts to rectify damage from the 2008 world financial crisis and avoid repeating a similar disaster, saying that “globalization spread like a virus” with capital moving freely among countries, but that designing regulations to protect markets is “very much a sovereign” activity. “Re-regulating markets,” Soros said, “isn’t making much progress.”
Soros noted that since the 2008 crisis, “there is a tremendous, ongoing transformation that hasn’t run its course.” Financial services, for example, are "in turmoil; the future is still up for grabs,” he said.
Since its beginning two decades ago, the IMM Executive MBA program has prepared executives to find opportunities and succeed in the challenging environment Soros described. “Global business is changing radically and in surprising ways," said Mel Horwitch, dean of CEU Business School, one of IMM’s founding partner schools. “To continue to deliver the best value for our students we have created this unprecedented set of partnerships. Our expanded IMM program will increase our effectiveness in preparing graduates to lead multinational teams and thrive in today's fast-changing business climate.”
The three new institutions joining the IMM program represent some of the most competitive regions in the world: EMLYON Business School in France, FGV School of Administration – EBAPE in Brazil, and Tianjin University College of Management and Economics in China. They join existing IMM partners CEU Business School in Hungary, GISMA Business School in Germany, Krannert School of Management in the United States, and TiasNimbas Business School in the Netherlands.
Students in the IMM program are seasoned professionals in decision-making and leadership capacities at their firms and—increasingly—successful entrepreneurs. They study in one- to two-week modules, with each module taking place on a designated partner-school campus, thereby enabling IMM participants to take the 20-month program without interrupting their careers.
“We are eager to work with our new partners to create relevant and sophisticated learning opportunities that only an IMM program spanning the globe can provide,” said P. Christopher Earley, dean of the Krannert School of Management at Purdue University. “This very important milestone provides a new model for global business education—one of leveraging diverse core competencies through a partnership of equals.”
The IMM Executive MBA program has been recognized as one of the world’s “most international executive MBA” programs by the Financial Times. It is accredited in the United States and in Europe.
About the IMM Executive MBA Program
Since its inception 20 years ago, the IMM Executive MBA program has prepared over 1,000 high-level executive graduates from more than 25 countries for senior careers in international management. Organizations including Procter and Gamble, United Technologies, Caterpillar, John Deere, Deutsche Telekom, WV, Rabobank, Unilever, Coca Cola, Samsung, Nokia, Trigranit, CIB Bank, and GE, as well smaller firms and entrepreneurial ventures, have sent their high-potential managers to IMM. Students benefit from the most current thinking, innovative learning methods, and hands-on experience working with companies in partner cities. They gain valuable and practical insights from faculty who share their expertise, often specific to the regions where the modules occur. For more information, visit mostinternationalmba.com.
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