Imperial College Business School is a business school located in London, United Kingdom and a constituent faculty of Imperial College London. The business school was opened in 2004 by Queen Elizabeth II. It is based at Imperial's main South Kensington campus in West London.
History
A Department of Management Science was established at Imperial in 1971 under the leadership of Samuel Eilon. The department was composed of staff and students from Imperial's Industrial Sociology Unit and at its inception had 15 academic staff and around 60 students on an MSc course. Over subsequent years the department grew and its focus shifted towards business studies.
In 1987 the Department of Management Science was merged with Imperial's Department of Social and Economic Studies to form a new School of Management, based in new purpose built accommodation on Exhibition Road. David Norbun was the first Director. The School launched a new three-year part-time Executive MBA course.
In 2000 Gary A. Tanaka, an alumnus of Imperial, agreed to make a substantial donation to the college. It was decided to utilise the donation, together with other resources, to fund the transformation of the School of Management into a research-led business school. Tanaka ultimately donated a total of £27 million to Imperial, of which £25 million went to the new business school, in what was at the time the largest single donation to any European business school. The new Tanaka Business School was launched in 2003, with David Begg as Director. In August 2008 the school was renamed Imperial College Business School because the old name did not strongly emphasise its association with the College. The school's accommodation was subsequently named "the Tanaka Building". An alternative speculation is that the college changed the name of the school to distance itself from Tanaka's fraudulent activities after he was tried and found guilty of conspiracy, securities fraud and investment adviser fraud in the same year.
In March 2013 the British hedge fund Brevan Howard donated £20.1 million to fund the establishment of a finance research centre, the Brevan Howard Centre for Financial Analysis.
College Business School Rankings Video
Building
The school is based in a purpose built building which is located at Imperial's main campus in South Kensington and has its main entrance on Exhibition Road. The building was designed by Foster and Partners and Buro Happold. It was constructed between September 2002 and June 2004 at a cost of £15.7 million, and was opened in 2004 by Queen Elizabeth II. The building was renamed the Tanaka Building in August 2008.
Teaching programmes
Postgraduate
Imperial College Business School offers the following postgraduate programmes: MBA (Imperial MBA, Imperial Executive MBA & Global MBA), Master's programmes, Joint Master's programmes, and a Doctoral programme.
Undergraduate
The school itself does not offer undergraduate degrees, however the majority of undergraduate students in other faculties at Imperial College London will have the option of studying management modules towards their degrees. Some departments' students can combine management with their science courses to attain a joint-honours degree. Medical students can study an intercalated BSc in Medical Sciences with Management while in their fourth year before returning to clinical training. Medical students from other universities can join this course.
Research
Imperial College Business School is recognised as a leading research institution in business and management. In the 2008 Research Assessment Exercise Imperial College Business School was ranked second in the United Kingdom.
The School has the following four research groups:
- Organisation and Management Group - examines many of the core management disciplines such as strategy, organisational behaviour, operations research and marketing. The Group's work is complemented by the three specialist groups.
- Finance and Accounting Group - active in quantitative finance research. The group has particular interests in derivative pricing, capital markets research, credit risk modelling, risk management and financial econometrics.
- Health Management Group - complements Imperial's medical research and teaching and draws on many disciplines to provide theoretical and empirical analysis of healthcare systems and public health programmes.
- Innovation and Entrepreneurship Group - focuses on how innovation occurs, how new products and processes are developed and how new ideas transfer from the lab to the organisation and how new products are adopted by consumers.
Rankings
The Telegraph recently featured an article(19 August 2014), ranking Imperial College as joint-second best University in the world. It equalled the UK's best-ever position in the QS World University Rankings, which measures research quality, graduate employment, staff-to-student ratios, teaching standards and the number of international students.
Businessweek has ranked Imperial College Business School 7th in the world for Entrepreneurship.
In the latest FT ranking of Masters in Management (2013), Imperial College is ranked first in the UK. Imperial College Business School is ranked 3rd in the UK for Business Studies by the Complete University Guide Subject Tables 2012.
The Financial Times has ranked the MSc Management Program 1st in the United Kingdom and 13th in the world in 2011. The Financial Times 2011 Global MBA Rankings has ranked the Imperial MBA programme 4th for Entrepreneurship.
In the 2010 QS Global 200 Business Schools Report the business school is ranked 14th and its MBA in finance is ranked 4th in Europe.
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