The Sangnam Institute of Management’s (SIM) executive education program climbed 13 places, from 70th to 57th this year in the Financial Times’ prestigious ranking of the world’s best executive education programs. The affiliate of the Yonsei University Graduate School of Business is the only Korean institution ranked in "Executive Education Ranking 2020" and has been included in the rankings for five consecutive years.
The executive education program featured in the ranking was a custom program. SIM operates for companies to cultivate and develop management skills among top-performing employees. Major companies in Korea that participate in SIM’s programs include IBK Industrial Bank, Shinsegae Group, POSCO, Hyundai Engineering & Construction, LF, GS, and BGF.
The criteria for inclusion in the Financial Times’ ranking include evaluations of course design, teaching methods, quality of faculty and students, new skills and learning, program follow-up, and facilities as well as the results of a survey of program graduates. Its scores on this criteria included a 25th ranking on program follow-up, indicating SIM’s consistency in working closely with companies to ensure its programs mesh with their needs.
SIM was founded in March 1999 with the financial support of Cha-Kyung Koo, the honorary chairman of the LG Group. For the past 20 years, SIM has contributed significantly to the advancement of Korean executive education by developing the talent that industry needs and by effectively providing education on ever-changing management techniques through industry-academia cooperation.
So far, about 20,000 participants have taken SIM’s diverse programs that offer more than 20 courses, on average, each year.