IMD business school for management and leadership courses

 - IMD Business School  - IMD Business School  - IMD Business School

Financial Information

In 2023, IMD’s operating revenues reached a new record high of 171 M CHF, a +15 % (23 M CHF) growth year on year. Total revenues generated by Executive Education reached 86% of total operating revenues, with Open and Online Programs accounting for 32% and Custom Programs accounting for 54%. Degree Programs, such as MBA and EMBA, generated 12% of total operating revenues.

In 2023, 36% of IMD programs were delivered with some technology-mediated interactions during the program. We are also developing artificial intelligence and virtual reality teaching, including live remote holograms between Lausanne and Singapore, which is already a new component of our technology-mediated teaching. At the same time, our Faculty remains at the center of all our delivery.

In terms of the residence of our corporate clients and participants, IMD observed double-digit growth performance in most regions, including significant geographic growth in Custom Services Southeast Asia (+40% in 2023 vs. 2022), Europe (+25% in 2023 vs. 2022), and the Middle East (+19% in 2023 vs. 2022), with the successful implementation of various custom client journeys.

2024 Q1 operating revenues are developing positively and in line with our budgeted forecasts. The Institution operates at full capacity with 61 Faculty in Lausanne and Asia. Our degree programs are enjoying significant enrolment growth as we provide more scholarships sponsored by our external donors.

Revenue 2023

86 %
Executive Education
12 %
Degree Programs
1.80 %
Other revenues

By format

64 %
Face-to-face & blended
36 %
Fully technology-mediated

Balance Sheet as of 31 December 2023

55 %
Current liabilities
9 %
Non-current liabilities
36 %
Capital and funds
64 %
Current assets
36 %
Non-current assets