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Former IMD president buys controversial GSBA

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hillibily

Joined: 08 Jul 2009
Posts: 3
Former IMD president buys controversial GSBA
Thu Jul 23, 2009 01:52 PM
Peter Lorange, president of top school IMD up until April 2008, is buying the controversial GSBA in Zurich and wants to turn it into a renowned business school.

[Edited by link updater on 23 Jul 2009]
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ralph


Joined: 07 Jul 2009
Posts: 78
Former IMD president buys controversial GSBA
Fri Jul 24, 2009 11:30 AM
Why is it controversial? I'm under the impression that it's just a not very good school.
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JamieO

Joined: 05 Jun 2007
Posts: 73
Former IMD president buys controversial GSBA
Fri Jul 24, 2009 01:40 PM
I agree, there is nothing particularly controversial about the school except that it was up for sale in the first place.

From what I hear, it is pretty poor quality, unaccredited, with little reputation among employers. So if he throws some money at the problem, Mr Lorange should find it quite easy to make some basic improvements.

As for turning it in to a leading business school, if he has a 20 year plan, who knows? At the moment there are only two internationally known MBAs in Switzerland, IMD and St.Gallen, so there must be room for 1 more.
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LaVoz de Galicia


Joined: 13 Dec 2005
Posts: 174
Former IMD president buys controversial GSBA
Fri Jul 24, 2009 09:54 PM
GSBA was ranked in the FT in 2002 (even better than IMD), but under rather dubious circumstances. There are several articles discussing the validity of the MBA degrees awarded by GSBA in other countries like Germany. As GSBA does not have full university status in Switzerland, they need a partner university to award internationally accepted MBA degrees (Their Dual Degree Executive MBA-Program is currently offered in co-operation with Robert H. Smith School of Business, University of Maryland). They also list University of Wales as one of their partners. Mmmh.

www.spiegel.de/unispiegel/jobundberuf/0,1518,32298…
www.faz.net/s/RubB698ECF096E04ED68C1EF3A8D2553D73/…
(both articles in German and possibly outdated)

[Edited by LaVoz de Galicia on 25 Jul 2009]
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