Q & A – Lisa Piguet

ENAR

The economic crisis has hit, among other things, the pockets of potential Masters of Business Administration (MBA) candidates, many of whom are choosing to postpone their studies or seek alternatives to an MBA program that entails taking a minimum of one year’s leave — a luxury in these testing times. To discuss the challenges business schools are facing, Executive sat with Lisa Piguet, head of MBA Admissions at IMD, a worldwide leading business school based in Switzerland.  What are the top three concerns of MBA business schools? One concern is the decline in applications. Looking at GMAT (Graduate Management Admission Test) data, the participants for the age group 18 to 24 years old is growing and the test participants of the older age group is declining. In Europe, MBA admissions at European business schools require previous work experience so the average age of the classes are older and they are