IMD MBA Program Ranked First in Europe

Business Wire, June 22, 2004

LAUSANNE, Switzerland -- IMD's MBA program ranked first among all business schools in Europe by business publication Junge Karriere, a subsidiary of German business newspaper Handelsblatt. The ranking was based on a survey of the 50 largest European business schools. IMD also ranked first on performance and image.

For 2004, Europe's top MBA programs as ranked by Junge Karriere were:

1. IMD                               6. University of Oxford - Said
                                         Business School
2. Insead                            7. Cass Business School, London
3. London Business School            8. Esade, Barcelona
4. Warwick Business School, Coventry 9. Manchester Business School
5.  Rotterdam School of Management   10. Universitat Mannheim

The survey's rankings were based on the following criteria:

--Performance, including the international composition of the MBA program, participant qualifications/average GMAT score, participant work experience, faculty/participant ratio.

--Price/performance ratio, derived by comparing the MBA program's cost to its performance score.

--Image, determined by a peer ranking based on the question: "Which European business schools do you respect?"

This the first time that Junge Karriere has published a survey of Europe's leading business schools. Full results of the survey are available at www.jungekarriere.com.

About The IMD MBA Program

IMD, one of the world's top ranked international business schools, is based in Lausanne, Switzerland. IMD's unique Real World, Real Learning(R) instructional approach prepares its MBA participants for future business success. IMD's state-of-the-art learning facilities and market-driven faculty provide MBA participants the necessary speed and intellectual rigor to address complex business and management issues. IMD is the global meeting place for leadership and has more than 50,000 alumni in over 140 countries. Visit www.imd.ch/mba.