Lake Forest Graduate School of Management

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.

Since then LFGSM amicably separated from Lake Forest College, changed its name to Lake Forest Graduate School of Management, and established itself as a provider of both degree and non-degree business management education in the Chicago metropolitan area.

[2] The highest honor conferred upon a graduating student from LFGSM is to be named a Hotchkiss scholar.

Hotchkiss Scholars are selected on the basis of outstanding academic achievement and demonstrated commitment to the spirit of excellence.

Hotchkiss Scholar eligibility is limited to the top 5% of the graduating class, based on Grade Point Average (GPA) ranking.