News and Views
Good news for UCC business education
The Irish Management Institute (IMI), which merged with UCC in 2016, achieved 54th position globally and 25th in Europe in the customised programme ranking in the 2017 Financial Times Executive Education Rankings published this week.
The IMI remains the only business school ranked by the Financial Times in Ireland for customised executive education, based on schools that customise programmes for companies. This week’s announcement shows that the IMI has increased its standing in several categories with a particularly good result in Future Use and Follow up.
IMI ranked 20th globally, 8th in Europe and 2nd in UK and Ireland for Future Use (likelihood that clients would reuse the same school for other customised programmes in the future and whether they would recommission the same programme) - ahead of Insead, Oxford, Cranfield, Cambridge, Wharton and UCLA.
IMI ranked 24th globally, 12th in Europe and 5th in the UK and Ireland for Follow Up (the extent and effectiveness of follow-up offered after the course participants returned to their workplaces ) - ahead of LBS, Oxford, Wharton, Cranfield, Cambridge and Harvard.
Speaking about the Financial Times rankings announcement, Dr Simon Boucher, CEO of IMI said:
“Achieving such a fantastic result in this year’s Financial Times ranking is a tremendous achievement for everyone at the IMI. Our level of consistency in these rankings is a true testament to the dedication of our team in providing world-class executive education and demonstrates the esteem in which the IMI is held in both the Irish and international market.”
The merger between the IMI and UCC last year has been a game-changing event for Irish business and provides added momentum to Ireland’s economic resurgence. Following the merger, UCC’s Business School (CUBS) has the largest number of undergraduate students in any Irish university and has the largest Executive education operation in the country.
Professor Patrick O’Shea, President of University College Cork said:
“I congratulate the IMI on their performance in the Financial Times Rankings. Both the IMI and UCC share an ambition to raise the standard of management practice in Ireland by enabling organisations and individuals to fulfill their potential through world-class executive education. UCC and the IMI will develop a platform with the scale and ambition to compete successfully on an international basis. The merger will enable us to develop programmes that are responsive to the needs of business and industry.”
The UCC/IMI merger represents a breakthrough in Irish business education in terms of scale, capability and ambition. It leverages UCC’s academic pedigree and prestige and the IMI’s internationally recognised capability for understanding business needs and designing executive education that delivers real-world impact. UCC now offers an internationally renowned pool of business education expertise, via IMI’s associate network of over 320 national and international subject matter experts.
The merger will build upon both partners’ existing business education activities. In particular, the new arrangement will leverage UCC’s existing specialties in sectors such as medicine and health, food science and business information systems. The merger also presents IMI with the opportunity to expand in international markets by leveraging UCC’s extensive international network of partnerships, and globally renowned brand.