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Imperial College Business School

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A business school is a higher education institution or professional school that teaches courses leading to degrees in business administration or management . A business school may also be referred to as school of management , management school , school of business administration , college of business , or colloquially b-school or biz school . A business school offers comprehensive education in various disciplines related to the world of business.

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65-429: Imperial College Business School is the business school of Imperial College London , established in 2003 and officially opened by Queen Elizabeth II . The school is known for its entrepreneurial culture, integrating business disciplines with a science-based curriculum. The business school offers a variety of postgraduate programmes, including MBAs , Master's degrees, PhDs , and executive education . According to

130-595: A Distance Learning MBA was introduced. In 2003, an Innovation and Entrepreneurial group was established. In 2003, the school is elevated to Faculty status, alongside the Faculties of Natural Science, Medicine and Engineering. In 2004, Queen Elizabeth II and the Duke of York officially opened the business school. In 2021, Imperial's White City Campus opened, whose operations are focused around innovation, entrepreneurship, and multidisciplinary research. The business school

195-480: A bachelor's degree is tuition-free at public intuitions in several countries: Austria , Cyprus , Czech Republic , Denmark , Estonia , Finland , Germany , Greece , Malta , Montenegro , Norway , Poland , Scotland , Slovakia , Slovenia , Sweden , Turkey . In the German education system , most universities do not charge tuition, except for some executive MBA programs. French tuition fees are capped based on

260-672: A centre for science, culture, and industry. In 1907, Imperial College London was established by Royal Charter , unifying the Royal College of Science , Royal School of Mines , and City and Guilds of London Institute into one university. In 1909, King Edward VII laid the foundation stone for the Royal School of Mines building, which is part of the present-day Business School facilities. In 1955, Imperial's first MSc in Production Engineering and Management

325-420: A citation database to calculate some of its indicators. The use of these citations databases have been criticised, since they do not include research output from the humanities and social sciences to the same degree as the natural sciences, engineering and medicine. It has also been pointed out that the indicator 'faculty/student ratio' does not measure commitment to teaching, but rather research intensity, since

390-510: A community colleges, charge $ 3,730 (€3,154) on average for in-state students, but these institutions usually do not offer Bachelors or MBA degrees. Private institutions in the United States all charge tuition, often considerably more than their public counterparts. QS World University Rankings The QS World University Rankings is a portfolio of comparative college and university rankings compiled by Quacquarelli Symonds ,

455-553: A famously problematic factor to measure. University standing here is of special interest to potential students, and acknowledging this was the impetus behind the inaugural QS Graduate Employability Rankings, published in November 2015. However, these rankings were subsequently discontinued in 2021, with its data rolled into the QS World University Rankings methodology. The final 10% of a university's score

520-582: A feedback loop. Concerns also exist regarding the global consistency and integrity of the data used to generate the QS rankings. The development and production of the rankings is overseen by QS Senior Vice President Ben Sowter, who in 2016 was ranked 40th in Wonkhe's Higher Education Power List, a list of what the organisation believed to be the 50 most influential figures in British higher education value. QS

585-464: A five-year period is divided by the number of academics in a university to yield the score for this measure, which accounts for 20% of a university's score in the rankings. QS has explained that it uses this approach, rather than the citations per paper preferred for in other rankings systems because it reduces the impact of biomedical science on the overall picture – biomedicine has a ferocious " publish or perish " culture. Instead, QS attempts to measure

650-420: A full academic year's work, a bachelor's degree typically requires 180–240 credits and a master's degree 90–120 credits. In France, those levels of study include various "parcours" or paths based on UE ( unités d'enseignement or modules), each worth a defined number of ECTS credits. Grande école business schools are elite academic institutions that admit students through an extremely competitive process, and

715-702: A global presence with offices in Europe, Asia, and the Americas and provides products and services related to student recruitment, events, and consulting services. In 2022, the firm's founder, Nunzio Quacquarelli, was appointed as the company's president. Jessica Turner serves as the company's chief executive officer, responsible for the firm's operations and strategy. The QS World University Rankings are released annually, typically in June. The 2023 edition featured 1418 institutions across 100 locations. The rankings are based on

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780-529: A higher education analytics firm. Its first and earliest edition was published in collaboration with Times Higher Education ( THE ) magazine as Times Higher Education –QS World University Rankings , inaugurated in 2004 to provide an independent source of comparative data about university performance. In 2009, the two organizations parted ways to produce independent university rankings, the QS World University Rankings and THE World University Rankings. QS's rankings portfolio has since been expanded to consist of

845-430: A methodology that considers a range of factors, including academic reputation, employer reputation, research impact, and internationalization. The methodology is reviewed annually to ensure that it remains relevant and up-to-date. The most recent methodology used by QS to calculate the rankings includes the following indicators: Accounting for 40% of the overall score, academic reputation relates to academic excellence and

910-674: A number of outlets, including The Guardian in the United Kingdom and Chosun Ilbo in South Korea . The first rankings produced by QS independently of THE , and using QS's methodology, were released in September 2010; the second rankings were released a year later, in September 2011. QS designed its rankings to assess performance according to what it believes to be key aspects of a university's mission: teaching, research, nurturing employability, and internationalisation. QS has

975-488: A premium rate for MBAs. All private and autonomous institutions in Europe charge tuition. In the United States, most public college and universities charge tuition. According to the CollegeBoard, the average cost for an out-of-state, or international student, to attend a public four year university in 2020 was $ 38,330 (€32,409), while the average in-state cost was $ 21,950 (€18,559). Two year public universities, such as

1040-549: A science-based curriculum. It features some of the UK's best-resourced entrepreneurial facilities and the largest entrepreneurial mentoring system inspired by MIT. The Enterprise Lab has a 79 per cent startup survival rate. In the 2025 QS MBA Rankings , Imperial's MBA programme was ranked 7th in Europe, and in the 2024 Financial Times MBA Rankings , it was ranked 10th in Europe. The 2023 QS MBA Rankings by Career Specilisation for Entrepreneurship ranked Imperial's MBA programme 3rd in

1105-440: Is a limited metric, particularly in the face of modern enhancements in online teaching methods and content distribution. Citations of published research are among the most widely used inputs to national and global university rankings. The QS World University Rankings used citation data from Thomson (now Thomson Reuters) from 2004 to 2007, and since then has used data from  Scopus , part of Elsevier. The total number of citations for

1170-563: Is based on six indicators: In addition, QS produces two other annual MBA comparisons, the Online MBA Rankings and the Executive MBA Rankings. In September 2015, The Guardian referred to the QS World University Rankings as "the most authoritative of their kind". In September 2012, The Independent described the QS World University Rankings as being "widely recognised throughout higher education as

1235-544: Is derived from measures intended to capture their internationalization: half from their percentage of international students, and the other half from their percentage of international staff. This is of interest partly because it shows whether a university is putting effort into global collaboration and diversity, but also because it indicates global appeal for students and researchers around the world. QS recently began distinguishing between International Faculty Ratio and International Student Ratio', both of which account for 5% of

1300-477: Is in their greatest interest to rank their own institution more highly than others. This means the results of the survey and any apparent change in ranking are highly questionable, and that a high ranking has no real intrinsic value in any case. We are vehemently opposed to the evaluation of the University according to the outcome of such PR competitions. Like many other international university rankings, QS uses

1365-825: Is located on Imperial College London's main campus in South Kensington . Its modern glass architecture was inspired by the Crystal Palace of the Great Exhibition , reflecting the college’s historical origins. Designed by Sir Norman Foster & Partners , the building was opened by Queen Elizabeth II and incorporates the 19th-century vaults of the Royal School of Mines . The business school has additional facilities on Imperial College London's White City campus, which serves as an innovation and entrepreneurship ecosystem for collaboration between students, faculty, entrepreneurs, and industry. Included on

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1430-443: Is obtained using another survey, like Academic Reputation, and accounts for 15% of an institution's overall score. The most recent edition surveyed some 99,000 employers at companies and organisations that hire graduates on a significant or global scale. This survey was introduced in 2005 in the belief that employers track graduate quality, making this a barometer of teaching quality and the level of work readiness acquired by students,

1495-438: Is organised around five themes: Imperial operates the following research centres: Imperial College Business School is part of Imperial College London. In the 2025 QS World University Rankings , Imperial was ranked 2nd in the world, behind MIT, as well as 8th in the world by Times Higher Education World University Rankings . The business school is known for its entrepreneurial culture, which merges business disciplines with

1560-536: Is presented about a business firm's products, markets, competition, financial structure, sales volumes, management, employees and other factors influencing the firm's success. The length of a business case study may range from two or three pages to 30 pages, or more. Students are expected to scrutinize the case study and prepare to discuss strategies and tactics that the firm should employ in the future. Three different methods have been used in business case teaching: When Harvard Business School started operating in 1908,

1625-502: Is the Tepper School of Business at Carnegie Mellon University . The goal is to provide students a set of tools that will prepare them to tackle and solve problems. Another important approach used in business school is the use of business games that are used in different disciplines such as business, economics, management, etc. Some colleges are blending many of these approaches throughout their degree programs, and even blending

1690-793: Is weighted to account for 20% of the final citations score. QS has conceded the presence of some data-collection errors regarding citations per faculty in previous years' rankings. One concern is the differences between the Scopus and Thomson Reuters databases. For major world universities, the two systems capture largely the same publications and citations. For less prominent institutions, Scopus has more non-English language and smaller-circulation journals in its database leading some critics to suggest that citation averages are skewed towards English-speaking universities. This area has been criticized for undermining universities that do not use English as their primary language. QS's Employer Reputation indicator

1755-555: The 2023 QS MBA Rankings , Imperial's MBA programme is ranked third worldwide for career specialisation in entrepreneurship. In the latest Research Excellence Framework , the business school ranked second in the UK for business and management studies. In 1851, the Great Exhibition , the first World's Fair , was organised by Prince Albert , husband of Queen Victoria . The proceeds from this event were used to establish museums and royal colleges in South Kensington, to become

1820-511: The PGE ( Programme Grande École ) ends with the degree of Master in Management (MiM). Some business schools structure their teaching around the use of case studies (i.e. the case method ). Case studies have been used in graduate and undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information

1885-862: The QS World University Rankings, the QS World University Rankings by Subject, four regional rankings tables (including Asia , Latin America , Europe , Central Asia , and the Arab Region ), several MBA rankings, and the QS Best Student Cities rankings. In 2022, QS launched the QS World University Rankings: Sustainability, and in 2023, it launched the QS World University Rankings: Europe. The rankings are intended to reflect and articulate university performance for

1950-783: The QS World University Rankings: Europe. The table showcased 688 institutions from 42 member countries of the Council of Europe. Typically, QS's first rankings release of the year is the QS World University Rankings by Subject which are usually published in March or April. The rankings provide a detailed evaluation of universities based on their performance in more than 50 specific academic disciplines (Business, Mathematics, Medicine, Law, among others), as well as their performance in five broad faculty areas (Arts & Humanities, Engineering & Technology, Life Sciences, Natural Sciences, and Social Sciences). The QS World University Rankings by Subject

2015-545: The United Nations' M49 Standard. First published in 2015, QS Emerging Europe and Central Asia Rankings included universities from mostly Eastern Europe and Central Asia, with Russia's  Lomonosov Moscow State University  in the top spot since its first publication. These rankings were discontinued in 2022. The QS World University Rankings: Latin America were launched in 2011. The 2024 edition expanded these rankings to include Caribbean universities. In 2023, QS launched

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2080-718: The United States: ACBSP , AACSB , and the IACBE . In Europe , the EQUIS business school accreditation system is run by the EFMD , which sometimes applies the more narrow EPAS label to specific courses. The AMBA accredits MBA programmes and other post-graduate business programmes in 75 countries; its sister organisation the Business Graduates Association (BGA), accredits business schools, based on

2145-622: The White City campus is the Scale Space, set up as a community to help innovative companies accelerate growth. Located there are Imperial's Translation and Innovation Hub, Imperial's White City Incubator , Invention Rooms, and a Hackspace for manufacturing equipment and training. The business school offers undergraduate and postgraduate education, including a Master of Business Administration (MBA), Master’s degrees, Doctorate of Philosophy (PhD), and executive education. The business school

2210-727: The best MBA programmes worldwide, based on factors such as reputation, employability, and course content. The QS Global MBA Rankings is now an annual publication released alongside its sister rankings, the QS Business Master's Rankings and until 2023 the QS MBA by Career Specialisation Rankings (discontinued) These lists the world's best master's programmes for business-related subjects and MBAs for specific career options including Finance, Business Management, Business Analytics, Marketing and Supply Chain Management. Currently, QS's methodology for ranking MBAs and business master's degrees

2275-418: The controversy that surrounds the learning method. There are also several business schools which still rely on the lecture method to give students a basic business education. Lectures are generally given from the professor's point of view, and rarely require interaction from the students unless notetaking is required. Lecture as a method of teaching in business schools has been criticized by experts for reducing

2340-590: The density of research-active staff at each institution, but issues remain about the use of citations in ranking systems, especially the fact that the arts and humanities generate comparatively few citations. Since 2015, QS has made methodological enhancements designed to remove the advantage institutions specializing in the Natural Sciences or Medicine previously received. This enhancement is termed faculty area normalization and ensures that an institution's citations count in each of QS's five key Faculty Areas

2405-692: The eighteenth century and multiplied from the beginning of the nineteenth century. In the United States, common degrees in business are: Graduates in business may also have generically titled degrees such as Bachelor of Science (BS), Master of Science (MS) or Doctor of Philosophy (PhD). In Europe, higher education degrees are organized into three cycles under the Bologna Process in order to facilitate international mobility: bachelor's , master's and doctorates . The details of how degrees are organized vary between countries and institutions, but in terms of ECTS credits , where 60 credits represents

2470-538: The establishment of LBS. In 1971, a Department of Management Science was created, followed by the establishment of the Department of Social & Economic Studies in 1978. In 1987, the Departments of Management Science and Social & Economic Studies merged to form a Management School at 53 Prince's Gate. In 1989, an Executive MBA was launched. In 2001, an Entrepreneurship Centre was established. In 2002,

2535-519: The faculty realized that there were no textbooks suitable for a graduate program in business. Their first solution to this problem involved interviewing leading practitioners of business and writing detailed accounts of what these managers were doing, based partly on the case method already in use at Harvard Law School . Of course, the professors could not present these cases as practices to be emulated, because there were no criteria available for determining what would succeed and what would not succeed. So

2600-566: The finance ministry of the United Kingdom. Amongst its recommendations were world university rankings, which Lambert said would help the UK gauge the global standing of its universities. Between 2004 and 2009, QS produced the rankings in partnership with THE . In 2009, THE announced they would produce their own rankings, the Times Higher Education World University Rankings , in partnership with Thomson Reuters . THE cited an asserted weakness in

2665-473: The growing importance of sustainability in higher education and society at large. The rankings are compiled using data collected through surveys as well as external sources such as the World Bank and the United Nations to provide a resource for students, academics and policymakers to assess universities' sustainability performance and identify best practices for achieving sustainability goals. The rank of

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2730-441: The highest median salaries across all subjects in the UK. *Interim 51°29′57″N 0°10′29″W  /  51.4992°N 0.1748°W  / 51.4992; -0.1748 Business school There are several forms of business schools, including a school of business, business administration, and management. Andreas Kaplan classifies business schools along four corners: The first business schools appeared in Europe in

2795-669: The impact they make on students, employers and the wider community and society, in terms of ethics and responsible management practices. Triple accreditation is used to indicate that a school has been accredited by these three bodies: AACSB, AMBA, and EQUIS. About 1% of business schools are triple-accredited. Each year, organizations and publications such as Bloomberg Businessweek (US), Corporate Knights (Canada), Eduniversal (France), Financial Times (UK) and Quacquarelli Symonds (UK) publish rankings of business schools and MBA programs that, while sometimes controversial in their methodologies, nevertheless can directly influence

2860-484: The incentive and individualism in the learning experience. In addition to teaching students, many business schools run Executive Education programs. These may be either open programs or company-specific programs. Executives may also acquire an MBA title in an Executive MBA program within university of business or from top ranked business schools. Many business schools seek close co-operation with business. There are three main accreditation agencies for business schools in

2925-757: The latest Research Excellence Framework , the business school was ranked 2nd in the UK for business and management studies. In 2024, Imperial ranked 1st in the UK for highly-skilled employment or further studies, according to the Complete University Guide , the Guardian University Guide , and the Times Good University Guide . A 2021 analysis by the Higher Education Statistics Agency found that Imperial graduates have

2990-462: The level of education pursued, from €183 (US $ 216) per year for undergraduate and up to €388 (US$ 459) for doctorates. Tuition fees in the United Kingdom were introduced in 1998 and are £9,250 annually for undergraduate courses for home students in England, with higher fees for students who are not domiciled in the UK. Postgraduate courses in the UK often have higher fees, and many universities charge

3055-561: The method of delivery for each of these approaches. A study from by Inside Higher Ed and the Babson Survey Research Group shows that there is still disagreement as to the effectiveness of the approaches but the reach and accessibility is proving to be more and more appealing. Liberal arts colleges in the United States like New England College , Wesleyan University , and Bryn Mawr College are now offering complete online degrees in many business curricula despite

3120-444: The methodology of the original rankings, as well as a perceived favoritism in the existing methodology for science over the humanities, as two of the key reasons for the decision to split with QS. THE created a new methodology with Thomson Reuters, and published the first Times Higher Education World University Rankings in September 2010. QS publishes the rankings results in the world's media and has entered into partnerships with

3185-666: The most trusted international tables". In September 2016, Angel Calderon, principal advisor for planning and research at RMIT University and a member of the QS Advisory Board, said, "QS Latin American University Rankings has [sic] become the annual international benchmark universities use to ascertain their relative standing in the region". He further stated that the 2016/17 edition of this ranking demonstrated improved stability. The reputation surveys have received severe criticism. QS do not reveal

3250-556: The next academic year. Therefore, they are usually named for the year following that in which they are produced. The rankings are regarded as one of the most-widely read university rankings in the world, along with Academic Ranking of World Universities and Times Higher Education World University Rankings . According to Alexa Internet , it is the most widely viewed university ranking worldwide. The ranking has been criticized for its overreliance on subjective indicators and reputation surveys, which tend to fluctuate over time and form

3315-541: The overall score. Some people have expressed concern about the manner in which the academic reputation survey has been carried out. In a report, Peter Wills from the University of Auckland wrote of the THE -QS World University Rankings: But we note also that this survey establishes its rankings by appealing to university staff, even offering financial enticements to participate (see Appendix II). Staff are likely to feel it

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3380-414: The prestige of schools that achieve high scores. Academic research is also considered to be an important feature and popular way to gauge the prestige of business schools. Business schools share the common purpose of developing global managerial talent and to this end, business schools are encouraged to accelerate global engagement strategies on the foundations of collaboration and innovation. In Europe,

3445-608: The professors instructed their students to read the cases and to come to class prepared to discuss the cases and to offer recommendations for appropriate courses of action. The basic outlines of this method still operate in business-school curricula as of 2016 . In contrast to the case method some schools use a skills-based approach in teaching business. This approach emphasizes quantitative methods, in particular operations research , management information systems , statistics , organizational behavior, modeling and simulation , and decision science . The leading institution in this method

3510-517: The response rates for the survey, but statements from QS indicate that they are very low (2–8 %), which would make the results highly unreliable. Other commentators have pointed at the low validity of the survey, since few people know much about the quality of teaching and research at other institutions but their own. However, the issues extend beyond survey methodology. The QS World University Rankings have been criticised by many for placing too much emphasis on reputation, which receives 50% of

3575-809: The same academic year. First published in 2014, the annual QS Arab Region University Rankings highlights leading universities in the Arab Region. The methodology for this ranking has been developed to reflect specific challenges and priorities for institutions in the region, drawing on 10 indicators. In 2009, QS launched the QS World University Rankings: Asia in partnership with  The Chosun Ilbo newspaper in Korea to rank universities in Asia independently. The 15th edition, released in 2022, ranked 760 universities, with inclusion based on

3640-558: The same methodological indicators tend to be used for the regional rankings, the weightings are modified and additional lenses are included to account for the unique characteristics of each region. Additional metrics include incoming and outgoing exchange students, academic staff with a PhD, and web visibility. Accordingly, the performance of institutions within their respective regional rankings can differ significantly from the QS World University Rankings released in

3705-626: The scholarly esteem in which the world's universities are held. It collates more than 150,000 responses from academics in more than 140 countries and locations. QS has previously published the job titles and geographical distribution of the participants in this survey. This indicator accounts for 15% of a university's score in the rankings. It is a classic measure used in various ranking systems as an indication of staff resources afforded to students, including teaching capacity, class size, curriculum development, lab and seminar delivery, pastoral care, teaching capacity and class size. QS has admitted that it

3770-451: The total weightage. While the former evaluates the ratio of international faculty staff to overall staff, the latter assumes that Institutions that have a large number of international students should have better networking, cultural exchanges, a more diverse learning experience and alumni diversity. Beginning with its 2024 rankings, QS implemented three new indicators to reflect the shifts in higher education, each of which accounts for 5% of

3835-493: The total weightage: In addition to the World University Rankings, QS produces four regional rankings, including the Arab Region, Asia, Emerging Europe and Central Asia (discontinued), and Latin America. In 2023, QS launched the QS World University Rankings: Europe. These editions include an expanded roster of ranked universities for each region than those featured in the QS World University Rankings. While

3900-403: The universities featured is determined by the sum of their scores in two categories: Environmental Impact and Social Impact, which are subdivided into eight indicators. These include: Over the last three decades, QS has expanded its rankings portfolio to include business schools, MBAs and business master's degrees. It launched QS Global MBA Rankings to provide students with a comprehensive list of

3965-694: The world and 1st in Europe. In the 2025 QS Business Master's Rankings , Imperial was ranked 6th in the world for a Master's in Marketing , 8th in the world for a Master's in Business Analytics , 14th in the world for a Master's in Finance , and 15th in the world for a Master's in Management . The 2024 Financial Times also ranked Imperial 15th in the world for a Master's in Finance. In

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4030-401: The world based on their appeal and benefits to students who study there. Launched in 2012, the rankings are based on a range of indicators that are designed to capture the experience of students living and studying in a particular city. The methodology for QS Best Student Cities is based on five indicators: In 2022, QS launched the QS World University Rankings: Sustainability in response to

4095-601: Was first introduced in 2011 and initially covered only five subject areas. Since then, the number of subjects has increased more than tenfold and is now considered one of the most comprehensive subject-focused rankings. Way before 2024 updates of core indicators used in the World University Rankings, the QS World University Rankings by Subject was already using International Research Network. In addition, Rankings by Subject also use H-Index, which assesses research productivity and impact within specific fields. The QS Best Student Cities rankings are an annual comparison of cities around

4160-693: Was founded by Nunzio Quacquarelli in 1990 to provide information and advice to students looking to study abroad. Since then, the company expanded to include a wider range of higher education-focused products and services before partnering with THE in 2004 to create the THE –QS World University Rankings. A perceived need for an international ranking of universities was highlighted in December 2003 in Richard Lambert 's review of university-industry collaboration in Great Britain for HM Treasury ,

4225-615: Was launched at 14 Prince's Gate. In 1961, Imperial launched an MSc in Operational Research and Management Studies. In 1964, executive education short courses were first given in Operational Research. In 1965, Imperial College London and the London School of Economics co-sponsor the founding of the London Business School . The Rector of Imperial and Director of LSE joined the governing body, guiding

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