Indian School of Business

Indian School of Business
Logo of the Indian School of Business
Type Private Business School
Established 2001 (2001)
Chairman Harish Manwani
Dean Rajendra Srivastava
Academic staff
 47 permanent, 104 visiting[1]
Location Mohali and Hyderabad, India
Campus Urban, 260 acres (105.2 ha)
Colours Sky Blue
Website ISB.edu

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

History

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. First, 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.[2] 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.,[3] while the foundation stone for Mohali campus was laid in September 2010 by Punjab Chief Minister Prakash Singh Badal,[4] and was inaugurated in December 2012 by the then Union Minister of Finance, Shri P Chidambaram[5]

Accreditation

ISB is accredited by the Association to Advance Collegiate Schools of Business (AACSB),[6] a non-profit membership organization that provides a quality certification to its member schools and their programs.[7] ISB is not accredited by the All India Council for Technical Education (AICTE)[8] and has not applied for such accreditation, as it is not a university and it does not offer either a degree nor a diploma.[9] The US Citizenship and Immigration Services (USCIS) has rulled 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.[10]

Campuses

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

Hyderabad campus
Hyderabad campus

The Hyderabad campus was set up in 2001 and is spread across 260 acres.[11] It includes the academic centre, four student villages, each accommodating 130 to 210 students, and a recreation centre.[12]

Mohali campus
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:[13]

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

Programs

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".[14]

Young Leaders' Programme (YLP)

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).[15]

Management Programme in Public Policy (MPPP)

In April 2015 ISB started a highly innovative course in Public Policy. The MPPP is tailor-made for mid- career professionals both in the public and private sector.

In April 2016, ISB completes the first Management Programme in Public Policy of its founding batch, and is ready to start the second batch. The programme has been developed by the ISB's Bharti Institute of Public Policy in consultation with one of the world’s leading public policy schools - 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.[16]

ISBInsight

ISBInsight is the biannual research periodical of the Indian School of Business (ISB), featuring articles based on management research from Indian and emerging markets.[17] 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.[18][19][20]

Rankings

Institute rankings
Business – international
Financial Times (MBA) (2017)[21] 27
QS (MBA) (2018)[22] 93
QS (MBA-Asia,Aus,NZ) (2018)[23] 12

Worldwide, the Financial Times has ranked ISB #27 in its Global MBA Ranking 2017, the top ranking institute in India.[21]

The QS Global 250 MBA Rankings 2018 ranked it 93 in the world[22] and 12 in Asia, Australia and New Zealand.[23]

References

  1. ↑ "Faculty". Isb.edu. Indian School of Business (ISB). 12 July 2013. Retrieved 19 September 2018.
  2. ↑ ISB - The Mckinsey Brainchild. Consulting Network (15 May 2009). Retrieved on 18 July 2013.
  3. ↑ Resource management need of the hour: PM, Hindu Business Line, HYDERABAD, 3 December 2001. Retrieved 19 September 2018.
  4. ↑ "Foundation stone of ISB's second campus in Mohali laid". IANS. 11 August 2010. Retrieved 19 September 2018.
  5. ↑ http://events.isb.edu/MohaliCampusInauguration/
  6. ↑ School of Business gets AACSB accreditation, Economic Times, PTI 2 December 2011, 08.50pm IST
  7. ↑ "About AACSB". Association to Advance Collegiate Schools of Business. Retrieved 19 September 2018.
  8. ↑ M. Ramya (9 November 2012). "ISB on the list of institutes unapproved by AICTE". The Times of India. TNN. Retrieved 19 September 2018.
  9. ↑ "ISB PGP is not recognized by AICTE". Indian School of Business. Retrieved 19 September 2018.
  10. ↑ "USCIS ruling on petition on ISB PGP equivalence" (PDF). United States Citizenship and Immigration Services. 4 October 2011. Retrieved 19 September 2018.
  11. ↑ Swati Bharadwaj-Chand (12 January 2010). "Chanda Kochhar on board of ISB". The Times of India. TNN. Retrieved 19 September 2018.
  12. ↑ "ISB Hyderabad Campus". Retrieved 19 September 2018.
  13. ↑ Saumya Bhattacharya (5 April 2011). "Wharton business school to expand presence in India". The Economic Times. Economic Times Bureau. Retrieved 19 September 2018.
  14. ↑ Komal Amit Gera (28 August 2012). "Goldman Sachs, ISB mentor women entrepreneurs". Business Standard. Chandigarh. Retrieved 19 September 2018.
  15. ↑ "ISB launches young leaders' programme". Business Standard. Chennai/Hyderabad. 6 January 2011. Retrieved 19 September 2018.
  16. ↑ http://www.isb.edu/sites/default/files/MPPP-class-profile-batch1-2015.pdf
  17. ↑ "ISBInsight". ISBInsight. Retrieved 2018-09-25.
  18. ↑ Books, Juggernaut (2018-08-17). "Juggernaut Books announces partnership with ISBInsight - the lowdown". the lowdown. Retrieved 2018-09-25.
  19. ↑ "ISBInsight : Thought Leadership : Forbes India Magazine". Forbes India. Retrieved 2018-09-25.
  20. ↑ "ISB Insights, Hyderabad 2018". www.glunis.com. Retrieved 2018-09-25.
  21. 1 2 "Global MBA Rankings 2017". Financial Times. 2017. Retrieved 18 June 2017.
  22. 1 2 "QS Global MBA Rankings 2018: Global". QS Quacquarelli Symonds Limited. 2017.
  23. 1 2 "QS Global MBA Rankings 2018: Asia, Australia & New Zealand". QS Quacquarelli Symonds Limited. 2017.
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