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Indian School of Business

The Indian School of Business (ISB) is a private business school with two campuses in India: one in Hyderabad, Telangana and one in Mohali, Punjab. It was established in 2001 and offers various postgraduate management programs.

Indian School of Business
Logo of the Indian School of Business
TypePrivate Business School
Established2001 (2001)
AffiliationAACSB;[1] EQUIS[2]
ChairmanHarish Manwani[3]
DeanRajendra Srivastava
Academic staff
47 permanent, 104 visiting[4]
Location
Hyderabad (from 2001) and Mohali (from 2012)
,
CampusUrban, 260 acres (105.2 ha)
ColoursSky Blue
Websiteisb.edu

Contents

HistoryEdit

ISB was started in 1996 by a group of Businessmen and Academicians. Co-founders Rajat Gupta and Anil Kumar (both McKinsey & Company senior executives) worked together and directed teams of McKinsey consultants to start the school. The Executive Board was formed of national and international business leaders: Gupta recruited U.S. leaders while Kumar recruited Indian leaders. Next, ISB established formal partnerships with international business schools: Kumar recruited Wharton and Gupta recruited Kellogg.[5] Finally, Pramath Sinha, then a junior partner at McKinsey in India, was persuaded by Gupta and Kumar to take a leave of absence from McKinsey to be the school's first dean. Rajat Gupta became the school's first chairman and was succeeded by Adi Godrej as chairman in 2011. The Government of Andhra Pradesh and Government of Punjab were pivotal in sanctioning ISB's 260-acre Hyderabad campus in September 1998, and the 70 acre Mohali Campus in 2010. The foundation stone for the Hyderabad campus was laid in 1999 and was inaugurated by Prime Minister Atal Bihari Vajpayee in 2001.,[6] while the foundation stone for Mohali campus was laid in September 2010 by Punjab Chief Minister Prakash Singh Badal,[7] and was inaugurated in December 2012 by the then Union Minister of Finance, Shri P Chidambaram[8][9]

AccreditationEdit

ISB is accredited by the Association to Advance Collegiate Schools of Business (AACSB),[10] a non-profit membership organization that provides a quality certification to its member schools and their programs.[11] ISB is not accredited by the All India Council for Technical Education (AICTE)[12] and has not applied for such accreditation, as it offers a certificate program and not a degree or a diploma.[13] The US Citizenship and Immigration Services (USCIS) has ruled that for the purposes of US Visa and Green Card, the post graduate PGP certificate awarded by ISB is not equivalent to a Master of Business Administration degree, unlike similarly named certificates awarded by the Indian Institutes of Management.[14]

CampusesEdit

The Indian School of Business has two campuses in Hyderabad (Telangana) and Mohali (Punjab).

Hyderabad campusEdit

 
Hyderabad campus

The Hyderabad campus was set up in 2001 and is spread across 260 acres.[15] It includes the academic centre, four student villages, each accommodating 130 to 210 students, and a recreation centre.[16]

Mohali campusEdit

 
Mohali campus

The Mohali campus (commenced operations on 14 April 2012) offers the ISB's flagship Post-Graduate Programme (PGP) and additional short term executive education programs. Design for the Mohali Campus was done by Perkins Eastman Architects led by Aaron Schwarz. The entire campus is Wi-Fi enabled. The academic block houses lecture theatres, faculty offices, faculty lounge, the learning resource centre (LRC) and the atrium plays host to a 500-seater auditorium besides a coffee shop (CCD). In addition, the campus also hosts four other research institutes:[17]

  • Max Institute of Healthcare Management
  • Bharti Institute of Public Policy
  • Munjal Institute for Global Manufacturing
  • Punj Lloyd Institute of Infrastructure Management

ProgramsEdit

ISB is the academic partner for the Goldman Sachs 10,000 Women Entrepreneurs Certificate programme in India which provides management education to "under-served women".[18]

Young Leaders' Programme (YLP)Edit

YLP involves the selection of graduates for mentoring over a period of two years while they work after completing their graduation. These selected individuals are also awarded a scholarship of Rs 100,000 ($2000 approximately) during the course of the programme. These mentored students can join ISB once the mentoring duration of two years is completed successfully. 45 undergraduate students were selected as a part of YLP's first batch in 2011.

YLP at Hyderabad includes IBS(Integrated Budgetary [Banking] System), IFS(Integrated Financing System) MIS (Management Information Service Marketing), MCS (Management Control System).[19]

Management Programme in Public Policy (MPPP)Edit

ISB commenced its Management Program in Public Policy in 2015. The MPPP is oriented towards mid-career professionals in public and private sectors.

The program has been developed by ISB's Bharti Institute of Public Policy in consultation with The Fletcher School of Law and Diplomacy, Tufts University, USA. The course focuses on - Macroeconomic policy; Politics, government & public policy; Economic analysis & formulation of public policy; Public policy: theory & practice; Planning, budgeting, accounting and controlling; Public economics: Law, tax, and regulations; Regulating the financial service industry; Strategic management & administrative reforms; Theory & practice of negotiation; Agricultural & food policy; Financial management, international project finance, public sector finance & policy; Urban planning & governance; Corporate finance & Global financial markets; Environmental policy; Global diplomacy, India's foreign policy, Geopolitics & Security Studies. Course also spans across thematic areas through case work and guest lectures in the areas of Social Policy, Education, Skill Development, Employment, Healthcare, Energy Security, Manufacturing and Infrastructure.

Apart from these full-time courses, there are guest lectures of leading management, policy, media and governance practitioners The full-time faculty engaged in the course by ISB include, Prof. Prajapati Trivedi, who is the Faculty Chair of the programme, Prof. Laurent Jacque, Prof. Shashi Tharoor, Prof. N.C.Saxena, Prof. Shyam Saran, Prof. Pradeep Singh, Prof. Balveer Arora, Prof. Phil Ulhmann, Prof. K P Krishnan, Prof. Lawrence A. Weiss, Prof.John Floretta, Prof. Jagan Shah, Prof. Bharat Ramaswamy, Prof. Ashwini Chattre and Prof. Dishan Kamdar, and a number of guest faculty including Shri. Vinod Rai, the former CAG of India. The students of the first founding batch have been drawn from the government, public sector and civil society organisations, having large experience of working on the policy issues at the ground.[20]

ISBInsightEdit

ISBInsight is the biannual research periodical of the Indian School of Business (ISB), featuring articles based on management research from Indian and emerging markets.[21] ISBInsight also publishes interviews with thought leaders and decision makers from industry, academia, government and non-governmental organisations. It presents research across management areas such as strategy, marketing, information technology, accounting, behavioural studies, finance, economics and public policy.[22][23][24]

RankingsEdit

Institute rankings
Business – international
Financial Times (MBA) (2017)[25]27
Financial Times (MBA) (2019)[26]24
QS (MBA) (2018)[27]93
QS (MBA-Asia,Aus,NZ) (2018)[28]12

Worldwide, the Financial Times has ranked ISB #27 in its Global MBA Ranking 2017, the top ranking institute in India.[25]

According to FT Global MBA Ranking 2018, ISB ranks 28th for its one-year executive post graduate programme (EPGP). [29][30] The Financial Times Global MBA Rankings 2019 has placed Indian School of Business' (ISB) Post Graduate Programme in Management (PGP) at number 24 among the best institutions in the world.[31]

The QS Global 250 MBA Rankings 2018 ranked it 93 in the world[27] and 12 in Asia, Australia and New Zealand.[28]

ReferencesEdit

  1. ^ "ISB DataDirect in AACSB". aacsb.edu.
  2. ^ Basu, Sreeradha (5 April 2017). "ISB gets EQUIS accreditation; reaccreditation from AACSB". The Economic Times. Archived from the original on 9 Feb 2019. Retrieved 9 Feb 2019.
  3. ^ "Harish Manwani is new Chairman of ISB". business-standard.com. Business Standard, 11:42pm IST. 19 January 2018. Retrieved 14 January 2019.
  4. ^ "Faculty". Isb.edu. Indian School of Business (ISB). 12 July 2013. Retrieved 19 September 2018.
  5. ^ ISB - The Mckinsey Brainchild. Consulting Network (15 May 2009). Retrieved on 18 July 2013.
  6. ^ Resource management need of the hour: PM, Hindu Business Line, HYDERABAD, 3 December 2001. Retrieved 19 September 2018.
  7. ^ "Foundation stone of ISB's second campus in Mohali laid". IANS. 11 August 2010. Retrieved 19 September 2018.
  8. ^ "ISB opens campus in Mohali". Business Line. 3 December 2012. Archived from the original on 29 Jan 2019. Retrieved 29 January 2019.
  9. ^ http://events.isb.edu/MohaliCampusInauguration/
  10. ^ School of Business gets AACSB accreditation, Economic Times, PTI 2 December 2011, 08.50pm IST
  11. ^ "About AACSB". Association to Advance Collegiate Schools of Business. Retrieved 19 September 2018.
  12. ^ M. Ramya (9 November 2012). "ISB on the list of institutes unapproved by AICTE". The Times of India. TNN. Retrieved 19 September 2018.
  13. ^ "ISB PGP is not recognised by AICTE". Indian School of Business. Retrieved 19 September 2018.
  14. ^ "USCIS ruling on petition on ISB PGP equivalence" (PDF). United States Citizenship and Immigration Services. 4 October 2011. Retrieved 19 September 2018.
  15. ^ Swati Bharadwaj-Chand (12 January 2010). "Chanda Kochhar on board of ISB". The Times of India. TNN. Retrieved 19 September 2018.
  16. ^ "ISB Hyderabad Campus". Retrieved 19 September 2018.
  17. ^ Saumya Bhattacharya (5 April 2011). "Wharton business school to expand presence in India". The Economic Times. Economic Times Bureau. Retrieved 19 September 2018.
  18. ^ Komal Amit Gera (28 August 2012). "Goldman Sachs, ISB mentor women entrepreneurs". Business Standard. Chandigarh. Retrieved 19 September 2018.
  19. ^ "ISB launches young leaders' programme". Business Standard. Chennai/Hyderabad. 6 January 2011. Retrieved 19 September 2018.
  20. ^ http://www.isb.edu/sites/default/files/MPPP-class-profile-batch1-2015.pdf
  21. ^ "ISBInsight". ISBInsight. Retrieved 2018-09-25.
  22. ^ Books, Juggernaut (2018-08-17). "Juggernaut Books announces partnership with ISBInsight - the lowdown". the lowdown. Retrieved 2018-09-25.
  23. ^ "ISBInsight : Thought Leadership : Forbes India Magazine". Forbes India. Retrieved 2018-09-25.
  24. ^ "ISB Insights, Hyderabad 2018". www.glunis.com. Retrieved 2018-09-25.
  25. ^ a b "Global MBA Rankings 2017". Financial Times. 2017. Retrieved 18 June 2017.
  26. ^ "Global MBA Rankings 2019". Financial Times. 2019. Retrieved 28 January 2019.
  27. ^ a b "QS Global MBA Rankings 2018: Global". QS Quacquarelli Symonds Limited. 2017.
  28. ^ a b "QS Global MBA Rankings 2018: Asia, Australia & New Zealand". QS Quacquarelli Symonds Limited. 2017.
  29. ^ "ISB highest-ranked Indian management institute globally; IIM-B, IIM-C also improve ranking". www.businesstoday.in. Retrieved 2018-11-21.
  30. ^ Umarji, Vinay (2018-01-30). "ISB beats IIMs, top-ranked Indian B-school on Financial Times MBA Rankings". Business Standard India. Retrieved 2018-11-21.
  31. ^ "ISB, IIM-C, IIM-B improve positions in FT Global MBA rankings". The Economic Times. 28 January 2019. Archived from the original on 29 January 2019. Retrieved 29 January 2019.

External linksEdit