Admission is open for 2021 entry to the one-year MBA program at IMD with the application deadlines on February 1, May 1, July 1 and September 1.
The Lausanne, Switzerland-based school has been ranked number one by Forbes in 2019 for its international MBA program with the graduates notching up an average 5-year gain of $168,900 along with a median salary of $200,000 five years out of school.
One Year MBA at IMD | Application Deadline | Eligibility Criteria | Application Process | Fee Structure
You should possess a Bachelor’s Degree along with a minimum of three years, full-time, work experience that demonstrates career progress. The typical range in the class is four to nine years.
You should choose two recommenders from business-related sources who know you well, have worked directly with you. They should be able to highlight your professional achievements, interpersonal skills, teamwork and leadership.
While the average GMAT score in the class is typically around 680, your unique experience and achievements could help balance out a weaker score. However, it is recommended that you aim for above a 630 (or an equivalent GRE score).
If English is not your mother tongue and has not previously studied in English, then you will need to submit a TOEFL or IELTS score. There is no minimum requirement but a score of 108+ on the TOEFL (IBT) or an IELTS score of 7.5 or above is recommended.
Apart from English, you should have knowledge of a second language, which can also be your native language, as a part of your international outlook.
How to apply
IMD evaluates each application on the basis of the candidate’s academic ability, career progression, leadership potential and international outlook. It also considers your integrity, drive, initiative and interpersonal skills.
All documents need to be submitted at the time of the application. Copies of original diplomas and official transcripts, with the grading scale, for all university degrees or equivalent are required. Official translations to English or French are necessary for every document.
Your GMAT/GRE score should be less than 5 years old. You will be required to upload a test taker copy and to order an official score report for IMD. The GMAT code is SKR-MM-13 and our GRE code is 8490.
Similarly, the TOEFL or an IELTS score should also be less than 5 years old. You should upload a test taker copy and order an official score report for IMD. The TOEFL IBT Code is C301.
You should enter the names and contact details of the recommenders at least two weeks before the application deadline so that they have time to complete and submit the online form. Only professional email addresses (no Hotmail, Gmail, etc.) are accepted.
Your one-page resume should be in English using the IMD CV template which can be downloaded from the IMD website. Other formats will not be accepted.
Your photo should be a professional style electronic photograph with no background scenery. the high-resolution setting, a minimum of 150 DPI, size 150KB and JPEG format is needed.
You need to provide a copy of your passport (picture page) that is valid throughout the entire MBA year. If you have multiple nationalities, a copy of each needs to be uploaded. The non-refundable application fee is CHF 200.
Fees & Other Expenses
The tuition for the year is CHF 60,000 and fees CHF 30,000. The first installment/deposited of CHF 15,000 should be given upon acceptance of admission. The second installment of CHF 15,000 should be deposited by September 30, the third installment of CHF 40,000 by February 28 and the fourth installment of CHF 20,000 by April 30.
Loans from Prodigy Finance are disbursed at the end of February in time for the 3rd and 4th installments. Therefore, you will need to cover the two first deadlines yourself. The first installment is non-refundable. The fees are exclusive of any value-added or other indirect taxes that may be due in any country.
The tuition & fees cover all your program and project-related expenses for the year. These include relocation and visa assistance for Switzerland plus travel and accommodation for IMD-organized projects.
Your teaching materials, books, personal coaching and off-campus team-building activities are also covered. Access to our fitness facilities, information center and cafeteria and a Partner Integration Advisor is included.
Got a comment, question or input? Share it below!