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INSEAD

Coordinates: 48°24′19″N 2°41′07″E / 48.4054°N 2.6853°E / 48.4054; 2.6853
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INSEAD
Institut européen d'administration des affaires
MottoThe Business School for the World
TypeGrande école de commerce et de management
(private research university business school)
Established1957; 67 years ago (1957)
Academic affiliations
Conférence des Grandes Écoles
Endowment€370 million[1]
ChairmanAndreas Jacobs[2]
DeanFrancisco Veloso[3]
Academic staff
250+
98% PhD.;[4]
22% female;[4]
91% international[4]
Students~1,540
(~1,000 in MBA)
(~300 in EMBA)
(~130 in MIM)
(~30 in MFin)
(~80 in Ph.D.)
Location
Fontainebleau
Singapore
Abu Dhabi
San Francisco
LanguageEnglish
Websiteinsead.edu

INSEAD (/ɪnsiːæd/ IN-see-ad),[5] a contraction of "Institut Européen d'Administration des Affaires" (lit. 'European Institute of Business Administration'),[6] is a non-profit graduate business school that maintains campuses in France (Europe Campus), Singapore (Asia Campus), and the United Arab Emirates (Middle East Campus). INSEAD is associated with Sorbonne University and in a strategic alliance with The Wharton School. The school is known for its emphasis on internationality, advocacy for globalization and sustainability, strong culture of entrepreneurship and successful alumni in corporate and politics.

History

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The Château de Fontainebleau

Georges Doriot, born in Paris, France in 1899, was a French-American venture capitalist and a professor at Harvard Business School. Often regarded as the "father of venture capitalism," he founded the American Research and Development Corporation (ARDC) in 1946, one of the first publicly owned venture capital firms.[7] Doriot’s career was also shaped by his service as a General in the US Army during World War II, where he led the Military Planning Division.[8] His experience with the war fueled his determination to contribute to Europe’s recovery.

After the war, Doriot envisioned a business school that would unite leaders from different countries, including the formerly hostile, to rebuild economies and promote lasting peace. To ensure that, his vision for the school includes citizenship limits and language of instruction to be interchangeably in either French, English or German to ensure cross-culture collaboration. The school still keeps the citizenship limit, currently at 12% [9] but today all classes are taught in English, with students required to be proficient in three languages for graduation.[10]

In 1955, Doriot presented this idea to the Paris Chamber of Commerce, whose presidents, Jean Marcou and Philippe Dennis, not only funded the venture but also became first presidents of the school. Doriot’s vision gained international backing, including from U.S. President Dwight D. Eisenhower, who supported INSEAD's role in reconstructing Europe.[11]

Doriot selected Claude Janssen and Olivier Giscard d'Estaing, his former students at Harvard, as his co-founders. Janssen, well-connected in European business circles, had experience in finance, while Giscard d'Estaing, younger brother of the future French president, Valéry Giscard d'Estaing, brought a political network, securing support from influential figures in France and abroad.[12]

INSEAD was established in 1957 and initially operated out of the Château de Fontainebleau, before relocating to its current Europe Campus in 1967.[13] The first MBA class began on September 12, 1959, with 57 students.

INSEAD expanded globally with the establishment of its Asia Campus in Singapore, inaugurated in 2000 by Prime Minister Lee Kuan Yew. With this, the school adopted the official branding "INSEAD" and the tagline "Business School for the World," replacing its original name, the European Institute of Business Administration, signaling a more global mission.[14]

In 2012, INSEAD became a founding member of the Sorbonne University Alliance, moving toward a merger with specialist institutions to create a multidisciplinary university. In 2024, INSEAD, in collaboration with Cambridge Judge Business School, HEC Paris, IE Business School, IESE Business School, IMD, London Business School, and Saïd Business School at the University of Oxford, launched the Business Schools for Climate Leadership (BS4CL) initiative to address global climate challenges through integrated education and research.[15]

Campuses

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The original campus (the INSEAD Europe Campus) is located in Fontainebleau, near Paris, France. INSEAD's second campus (the INSEAD Asia Campus) is in the one-north district of the city-state of Singapore next to one-north MRT station. The third campus (the INSEAD Middle East Campus) is located in Abu Dhabi. INSEAD expanded its presence to North America in 2020 with the opening of the INSEAD San Francisco Hub for Business Innovation. INSEAD follows the US model of a business school.[16] INSEAD has been a pioneer in setting up a multi-campus business school as a way to increase the global presence and nature of its faculty and curriculum and to reflect the global diversity of its international student and participant population.[17][18] A Harvard Business School case study, for instance, explores its approach to business education in a global context and how it functions with a multi-campus setting.[19]

Grande école system

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INSEAD is a grande école, a French institution of higher education that is separate from, but parallel and connected to the main framework of the French public university system. Similar to the Ivy League in the United States, Oxbridge in the UK, and the C9 League in China, grandes écoles are elite academic institutions that admit students through an extremely competitive process.[20][21][22] Alums go on to occupy elite positions within government, administration, and corporate firms in France.[23][24]

Although they are more expensive than public universities in France, grandes écoles typically have much smaller class sizes and student bodies, and many of their programmes are taught in English. International internships, study abroad opportunities, and close ties with government and the corporate world are a hallmark of the grandes écoles. Many of the top-ranked business schools in Europe are members of the Conférence des Grandes Écoles (CGE), as is INSEAD, and out of the 250 business schools in France, only 39 are CGE members.[25][26] In addition to the French Ministry of Education (French: Le Ministère de L'éducation Nationale), INSEAD is further accredited by the elite international business school accrediting organizations and it holds the much coveted Triple accreditation: The European Foundation for Management Development (EQUIS),[27] The Association to Advance Collegiate Schools of Business (AACSB),[27] and Association of MBAs (AMBA).[27]

Degree programmes

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Master in Management (MIM)

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The Master in Management programme is targeted to younger individuals with 0–2 years of experience and consists of coursework in both the Europe and Asia Campuses, with optional field trips to China, Abu Dhabi, and San Francisco. The programme ranked 4th in the 2022 QS Business Masters Rankings for Management.[28]

MBA programme

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INSEAD MBA participants can take the MBA core courses at either or both of its Europe and Asia Campuses[29] (as well as an MBA period at its Middle East Campus). They follow the same core courses in parallel regardless of campus, and there are faculty who teach on both the Europe and Asia Campuses as well as permanent faculty at each of the three campuses who live and work in the respective regions.[30] Approximately 20% of the class entered the MBA programme with other graduate or professional degrees; including medical doctors, lawyers, and PhDs.

INSEAD offers two MBA schedules per year: one starting in September which takes ten months to complete, and a 12-month promotion starting in January for students who want to complete a summer internship.[31]

Executive MBA programme

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INSEAD has two Executive MBA programmes. The Global Executive MBA (GEMBA)[32] and the Tsinghua INSEAD EMBA (TIEMBA).[33] Both EMBA programmes are master-level degree programmes that take place on a part-time, modular basis.

The programmes offer experienced business executives an intensive 14–17-month modular course that takes place in modular periods (approximately every six to seven weeks). Each period on campus is between one and two weeks' duration. For the GEMBA programme the physical time on campus represents 12 weeks in total with participants going to all three campuses (Fontainebleau (France), Abu Dhabi and Singapore). For the TIEMBA programme the physical time on campus represents 12 weeks in total with participants alternating between Tsinghua's campus in Beijing, China[34] and the INSEAD campus in Singapore.

Both the GEMBA and TIEMBA programmes include a schedule of group coaching, 360-degree assessments and team activities designed to develop a leadership style, called the Leadership Development Programme.[35]

Executive Master in Change

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INSEAD Executive Master in Change (EMC) is a specialised executive master's degree that provides a grounding in basic drivers of human behavior and the hidden dynamics of organisations. INSEAD EMC integrates business education with a range of psychological disciplines, and prepares participants to assume roles in leading organisations, drive individual and organisational development, and successfully execute change management.

This programme offers a unique transformational experience, with a clinical approach which implies that real-life situations are examined – as opposed to "theoretical" knowledge. All of the programme's learning is derived from real life or can be applied to it. The programme is designed to provide a safe, reflective transitional space, where participants have the opportunity to step back, gain perspective and even experiment with themselves.

Spread over 18 months, EMC consists of eight on-campus modules of three to four days each. In addition, participants have a total of 60 hours of "practicum" (various experiences designed to apply the course content and bring the clinical perspective alive) as well as written work, readings and group calls. The programme concludes with a Master Thesis.[36]

Executive Master in Finance

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INSEAD Executive Master in Finance (EMFin) teaches participants finance and accounting skills on a par with those taught in an MBA programme, and also offers leadership and management perspectives. The programme is offered in a modular format over a 18-month period to allow professionals to study while continuing to work. Participants take time off from work for each of the six modules (two weeks each) to take classes on campus and continue working in between.[37]

PhD programme

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The INSEAD PhD in Management is a doctoral degree in business to prepare students for a career in academia. It requires four to five years of full-time study – the first two years devoted to coursework, while from the third and fourth (or sometimes fifth) years dedicated to research and dissertation.[38] Students have the option to start their studies on either the Asia (Singapore) or Europe (France) Campus[39] and do an exchange in North America (USA) through the INSEAD-Wharton Alliance.[40] There are eight areas of specialisation: Accounting, Decision Sciences, Entrepreneurship, Finance, Marketing, Organisational Behavior, Strategy, and Technology and Operations Management.[41] INSEAD offers fellowships, whereby students receive full tuition fee waiver, annual stipend and research support funding.[42]

Business Foundations programme

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INSEAD in collaboration with Sorbonne Université offers the dual degree: Business Foundations (BFC) programme which is one of INSEAD's most selective degrees. "BFC" is tailored for recent master or PhD graduates from the sciences, medicine, humanities, engineering and law. Both universities offer fellowships to selected students.[citation needed]

Executive education

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INSEAD holds both company/firm specific and open enrolment executive education programmes at its locations in Europe, Asia, the Middle East and North America, as well as in partnership with corporate universities. The school offers programmes in-person, online, and virtually. Participants usually come from senior or top management, with many years of experience within their company or industry and younger 'high-potentials' identified as being key in succession strategies within their companies. Approximately 10,000+ executives of around 180+ nationalities undertake courses or programmes at INSEAD each year.[43]

Open programmes

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The INSEAD Executive Education Open Programmes, include more than 60 offerings, covering all business disciplines as well as specific industries and world regions.[citation needed]

Customised programmes

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Certificates

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INSEAD offers six certificates: The Certificate in Global Management, the Certificate in Negotiation, two Certificates in Corporate Governance, the INSEAD Online Certificate: Leading in a Transforming World and the new INSEAD LEAD Certificate.[citation needed]

Rankings and reputation

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Business School
International Rankings
European MBA Ranking
QS (2024)[44]3
Financial Times (2024)[45]1
Global MBA Ranking
QS (2024)[46]7
Financial Times (2024)[47]2

INSEAD admits no more than 12% of students of the same nationality.[48] Its MBA program has produced the second-highest number Fortune 500 CEOs, behind Harvard Business School.[49] It is also amongst the largest 20 producers of ultra high-net-worth individuals,[50][51] and is among the top 10 producers of billionaire alumni amongst global MBA programs. [52]

For entrepreneurship, INSEAD estimates around half of their alumni found a company at some point in their careers.[53] Pitchbook's 2023 analysis found INSEAD was fourth worldwide in terms of capital raised, founder count, and company count (only behind Harvard, Stanford, and Wharton) [54] As of 2022, INSEAD graduates have founded 18 unicorns, making the school the top unicorn producing university in Europe.[55] Approximately 800 alumni of the school founded more than 700 companies, which in total have raised $23 billion.[56] As of 2023, Harvard University, Stanford University, and INSEAD are the only three universities to top Poets and Quants's list of most-funded startup by MBA students.[57]

INSEAD positions on Financial Times Global Rankings
2016 2017 2018 2019 2020 2021 2022 2023 2024
Global MBAs Ranking 1st 1st 2nd 3rd 4th 1st 3rd[58] 2nd 2nd
Tsinghua—INSEAD EMBA (TIEMBA) 2nd 3rd 3rd 9th 5th 11th 3rd
INSEAD Global EMBA (GEMBA) 4th 8th 13th 19th 9th 15th 17th
European Business Schools 3rd[59] 5th[59] 3rd[59] 5th[60] 3rd[60] 3rd[60] 15th[61]

The INSEAD MBA programme ranked first in 2021, 2017 and 2016 in the Financial Times Global MBA Ranking.[62] The dual degree Executive MBA with Tsinghua University is consistently ranked in the top ten by the Financial Times.[63]

Alumni

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Main article: List of INSEAD alumni

The INSEAD alumni community consists of 68,861 individuals across 179 countries with 171 nationalities.[64]

See also

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References

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  1. ^ "Finances & Endowment | INSEAD Annual Report – 2022". annual-report.insead.edu.
  2. ^ Gallezo-Estaura, Krisana (14 January 2015). "Meet INSEAD's new chairman of the board". Singapore Business Review. Retrieved 11 November 2016.
  3. ^ "INSEAD Has A New Dean From Imperial College Business School". Poets and Quants. 4 April 2023. Retrieved 1 September 2023.
  4. ^ a b c "Insead". Financial Times. Retrieved 23 January 2022.
  5. ^ Patil, Pratyush. "How to pronounce INSEAD?". INSEAD. Retrieved 23 April 2024.
  6. ^ "INSEAD Definition". Investopedia. Retrieved 13 April 2021.
  7. ^ "Who Made America? | Innovators | Georges Doriot". pbs.org.
  8. ^ "Five Degrees of Doriot". Harvard Business School.
  9. ^ "Inside INSEAD's Admissions Criteria: What You Need to Know". Business Because. 3 June 2020.
  10. ^ Schmitt, Jeff (2023-02-28). "Meet INSEAD's MBA Class Of 2023". Poets&Quants. Retrieved 2024-08-19.
  11. ^ "A brief history of INSEAD: Dean Mihov reflects on the school's first 60 years". INSEAD. Retrieved 19 August 2024.
  12. ^ Gladstone, David (1988). Venture Capital at the Crossroads. Harvard Business School Press. ISBN 978-0875842433. {{cite book}}: Check |isbn= value: checksum (help)
  13. ^ "Our History". INSEAD. Retrieved 19 May 2014.
  14. ^ "INSEAD - Case - Faculty & Research - Harvard Business School". www.hbs.edu. Retrieved 2024-08-19.
  15. ^ "Business Schools for Climate Leadership". BS4CL. Retrieved 2024-08-31.
  16. ^ Kaplan, Andreas (2018). "Andreas Kaplan, 2018, A school is "a building that has four walls…with tomorrow inside": Toward the reinvention of the business school, Business Horizons". Business Horizons. 61 (4): 599–608. doi:10.1016/j.bushor.2018.03.010. S2CID 158794290.
  17. ^ "A Force for Good – A conversation with INSEAD Dean Ilian Mihov". Developing Leaders, Issue 17 – Autumn/Fall 2014. Archived from the original on 23 January 2015. Retrieved 23 January 2015.
  18. ^ "INSEAD – Leading Business School in Europe, Asia and Abu Dhabi". Between-Us. Retrieved 23 January 2015.
  19. ^ Datar, Srikant M.; Garvin, David A.; Knoop, Carin-Isabel (May 2009). "INSEAD". Harvard Business School Case 308-009.
  20. ^ "France's educational elite". Daily Telegraph. 17 November 2003. Retrieved 5 February 2019.
  21. ^ Pierre Bourdieu (1998). The State Nobility: Elite Schools in the Field of Power. Stanford UP. pp. 133–35. ISBN 9780804733465.
  22. ^ What are Grandes Ecoles Institutes in France?
  23. ^ Monique de Saint-Martin, « Les recherches sociologiques sur les grandes écoles : de la reproduction à la recherche de justice », Éducation et sociétés January 2008 (No. 21), pp. 95–103. lire en ligne sur Cairn.info
  24. ^ Valérie Albouy et Thomas Wanecq, Les inégalités sociales d’accès aux grandes écoles (2003), INSEE
  25. ^ Jack, Andrew (5 December 2021). "FT European Business Schools Ranking 2021: France dominates". Financial Times. Archived from the original on 2022-12-10. Retrieved 26 January 2022.
  26. ^ "Higher Education in France". BSB. Retrieved 26 January 2022.
  27. ^ a b c "Accreditation". INSEAD. Retrieved 26 January 2022.
  28. ^ "QS Business Masters Rankings: Management 2022". QS. Retrieved 3 December 2021.
  29. ^ "MBA Programme – Campus Exchange". insead.edu/. 4 November 2014. Retrieved 23 January 2015.
  30. ^ "MBA Programme – Campus Exchange". mba.insead.edu/. 4 November 2014. Retrieved 23 January 2015.
  31. ^ "Is a summer internship necessary in a one-year MBA?". The Globe and Mail. Retrieved 26 January 2015.
  32. ^ "Welcome to INSEAD's Executive MBA programme". global.emba.insead.edu/. Retrieved 23 January 2015.
  33. ^ "Tsinghua-INSEAD EMBA Programme (TIEMBA) – INSEAD". insead.edu. 19 April 2017.
  34. ^ "清华大学". tsinghua.edu.cn.
  35. ^ "TOP MBA – INSEAD Executive MBA". Quacquarelli Symonds. Retrieved 23 January 2015.
  36. ^ "Executive Master in Change". Retrieved 15 June 2022.
  37. ^ "The INSEAD MFin – Preparing Financial Leaders". 14 July 2022.
  38. ^ "INSEAD PhD in Management Overview". Archived from the original on 5 March 2016. Retrieved 31 March 2014.
  39. ^ "INSEAD PhD in Management Programme Overview". INSEAD. Archived from the original on 5 March 2016. Retrieved 31 January 2014.
  40. ^ "INSEAD-Wharton Alliance". Archived from the original on 2016-03-05. Retrieved 2014-08-06.
  41. ^ "INSEAD PhD in Management Areas of Specialisation". Archived from the original on 5 March 2016. Retrieved 31 March 2014.
  42. ^ "INSEAD PhD in Management Fellowship and Financing". Archived from the original on 2016-03-05. Retrieved 2014-08-06.
  43. ^ "INSEAD at a Glance" (PDF). INSEAD. Archived from the original (PDF) on 25 November 2013. Retrieved 19 November 2013.
  44. ^ "QS Europe MBA Rankings 2023". Quacquarelli Symonds.
  45. ^ "Global MBA Ranking 2022". Financial Times.
  46. ^ "QS Global MBA Rankings 2023". Quacquarelli Symonds.
  47. ^ "Global MBA Ranking 2023". Financial Times.
  48. ^ "INSEAD Sustainability Report 2019" (PDF).
  49. ^ Palin, Adam (22 January 2016). "Where did FT500 chief executives go to business school". Financial Times. Archived from the original on 2022-12-10.
  50. ^ Goldberg, Robyn (2022-09-14). "University Alumni Rankings of the Wealthy and Influential 2022". Altrata. Retrieved 2022-09-23.
  51. ^ "The 20 colleges around the world that produce the richest grads". CNBC. 31 July 2019.
  52. ^ "10 Best MBA Programs for Minting Billionaires". 13 November 2014.
  53. ^ "Pascaline Servan-Schreiber and Kevin Ryan, both MBA'90D, are Founding Patrons of the INSEAD San Francisco Hub | INSEAD's Fundraising Campaign - a Force for Good".
  54. ^ https://pitchbook.com/news/articles/pitchbook-university-rankings [bare URL]
  55. ^ https://sifted.eu/articles/unicorn-universities [bare URL]
  56. ^ https://pitchbook.com/news/articles/pitchbook-university-rankings [bare URL]
  57. ^ "Poets&Quants' Top 100 MBA Startups of 2023". 3 October 2023.
  58. ^ "MBA 2022 - Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 2022-06-14.
  59. ^ a b c "Insead - Business school rankings from the Financial Times". Financial Times. Retrieved 26 January 2022.
  60. ^ a b c "Insead - Business school rankings from the Financial Times". Financial Times. Retrieved 26 January 2022.
  61. ^ "European Business School Rankings 2022 - Business school rankings from the Financial Times - FT.com". rankings.ft.com. Retrieved 2022-12-07.
  62. ^ "Business school rankings from the Financial Times - FT.com". rankings.ft.com. Archived from the original on 2021-02-07. Retrieved 2021-02-08.
  63. ^ "Business school rankings from the Financial Times - FT.com". rankings.ft.com. Archived from the original on 2021-02-27. Retrieved 2021-02-15.
  64. ^ "INSEAD Alumni Community". insead.edu. Retrieved 8 March 2022.
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48°24′19″N 2°41′07″E / 48.4054°N 2.6853°E / 48.4054; 2.6853

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