Lake Forest Graduate School of Management (LFGSM) was created to respond to a business
need. The post World War II economy was growing rapidly, but a shortage of management
talent left local industry in need of leadership.
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. Under the guidance of our founding president Maurice F Dunne, IMI provided management training for returning veterans to help them transition into and succeed in business. This turned out to be a win-win proposition as area business and local veterans benefitted from this new partnership.
Since then LFGSM amicably separated from Lake Forest College, changed its name to Lake Forest Graduate School of Management, and established itself as a leading provider of both degree and non-degree business management education in the Chicago metropolitan area. LFGSM operates as an independent, private, not-for-profit organization.
As a graduate school of business, we run ourselves as a business. We pride ourselves on our high-performance, yet employee-centric culture and our unwavering commitment to the customer intimacy model that sets us apart from other business schools in the Chicago area.
As an independent, not-for-profit enterprise, we put your educational interests first. Accredited by The Higher Learning Commission and a member of the North Central Association, LFGSM is authorized to grant Master’s degrees by the Illinois Board of Higher Education.