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In 1946 Lake Forest College launched the Industrial Management Institute (IMI), a continuing education program initially aimed at updating people returning from the service to the rapidly changing fields they had left a few years earlier for wartime service.
It opened in 1946 and has satellite campus in Schaumburg, Illinois.
To address the issue, three companies, Abbott Laboratories, Fansteel Metallurgical Corporation, and Johns-Manville Products Corporation joined with Lake Forest College to form the Lake Forest College Industrial Management Institute (IMI) in 1946.
The establishment in 1962 of a Phi Beta Kappa chapter recognized the drive for excellence that characterized the period.
In 1965 Lake Forest Graduate School of Management became an independent, non-profit organization and has continued to build its high-performance, results-oriented, leadership approach to learning.
Eugene Hotchkiss III, an experienced administrator raised on the North Shore, became president (1970-93), reaffirming the effort to establish the educational quality that had been targeted in the previous decade.
Dramatic change in the distribution of information was recognized in the merging of the library and information technology in 1996.
Early in 2001 the College announced the appointment of Stephen D. Schutt as the College’s 13th president.
The College celebrated its sequicentennial, its 150 years of history, in 2007, in an era of historic progress in many areas.
The latter has been achieved through a more diverse and international student/faculty community and by enhanced opportunities for off-campus study, boosted by the $7 million Grace Groner ’31 study abroad and internship legacy of 2010.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Strayer University | 1924 | - | 1,855 | - |
| The National Graduate School of Quality Management | 1993 | $5.0M | 20 | - |
| Milwaukee School of Engineering | 1903 | $136.8M | 1,169 | 17 |
| Blue Ridge Community College | 1969 | $2.2M | 200 | 32 |
| River Valley Community College | 1968 | $5.1M | 134 | - |
| Lake Forest College | 1857 | $63.2M | 396 | - |
| Benedictine University | 1887 | $93.1M | 1,133 | 43 |
| DePaul University | 1898 | $575.0M | 750 | 46 |
| Dominican University | 1901 | $102.4M | 711 | 20 |
| Columbia University in the City of New York | 1754 | $2.4B | 22,429 | 604 |
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