 The school is also affiliated with two research and development institutes, the Louvain Research Institute in Management and Organizations and Louvain Institute for Data Analysis and Modelling with over 100 active PhD and Post-Doctoral researchers.The Louvain School of Management was founded in 1897 under the name "école des sciences commerciales et consulaires" as a department of UCLouvain.In 1972 it became the "Institut d'Administration et de Gestion" (lAG), under the Faculty of Economic, Social and Political Sciences and Communication.