Indian School of Business

The Indian School of Business (ISB) is a private business school established in India in 2001. It has two campuses in Hyderabad (Telangana), and in Mohali (Punjab). It offers certificates in various post-graduate management programs. ISB became the 100th Triple Accredited business school in the world (AMBA, EQUIS, AACSB) upon achieving AMBA accreditation on May 12, 2020.

Indian School of Business
TypePrivate business school
Established2001 (2001)
FoundersRajat Gupta
Anil Kumar
ChairmanHarish Manwani[1]
DeanRajendra Srivastava
Academic staff
65 permanent, 104 visiting[2]
Location
Hyderabad (from 2001) and Mohali (from 2012)
,
India
CampusUrban, 260 acres (105.2 ha)
ColoursSky blue
AffiliationsAACSB,[3] EQUIS,[4] AMBA
Websiteisb.edu

History

The Indian School of Business (ISB) was started in 1996 by a group of businessmen and academics. Co-founders Rajat Gupta and Anil Kumar, senior executives of McKinsey & Company, directed teams of McKinsey consultants to start the school. Gupta recruited U.S. business leaders while Kumar recruited Indian leaders for its executive board. Formal partnerships were established with international business schools Wharton and Kellogg.[5] Pramath Sinha, then a junior partner at McKinsey in India, was persuaded to take a leave of absence to be the school's first dean. Rajat Gupta became the school's first chairman and was succeeded by Adi Godrej in 2011. The Government of Andhra Pradesh was pivotal in sanctioning ISB's Hyderabad campus in September 1998. The foundation stone for the campus was laid in 1999 and was inaugurated by Prime Minister Atal Bihari Vajpayee in 2001.[6] The Government of Punjab sanctioned the Mohali Campus in 2010; its foundation stone 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, P. Chidambaram.[8][9]

Accreditation

ISB is accredited by AMBA, EQUIS and AACSB.[10][11] ISB became the 100th Triple Accredited institution in the world upon achieving AMBA accreditation on May 12, 2020.

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 Cards, 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]

Campuses
ISB's Hyderabad campus (top) and Mohali campus (bottom)

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

Hyderabad campus

Designed by Vikram Lall and established in 2001, the Hyderabad campus is spread across 260 acres (110 ha).[15] It includes the academic centre, a recreation centre, and four student villages each accommodating 130 to 210 students.[16]

The ISB Hyderabad campus is certified by Indian green building council.[17]

Mohali campus

The Mohali campus began operations on 14 April 2012, and offers ISB's Post-Graduate Programme (PGP) and additional short-term executive education programs. The campus was designed by Perkins Eastman Architects led by Aaron Schwarz. The entire campus is Wi-Fi enabled. The academic block houses lecture theatres, faculty offices and lounge, the learning resource centre (LRC), and an atrium which can serve as a 500-seat auditorium. The campus also hosts four other research institutes:[18]

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

Programmes
Student receiving academic degree from Azim Premji during convocation, 2014. ISB Chairman Adi Godrej is in background.

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".[19]

Young Leaders' Programme

The Young Leaders' Programme (YLP) [20] select undergraduate students for mentoring over a period of two years while they work. These individuals are also awarded a scholarship of ₹100,000 (approx. US$2000) during the course of the programme. Mentored students can join ISB following successful completion of the work-mentorship programme. 45 undergraduate students were selected for when the programme began in 2011.[21]

YLP at Hyderabad includes integrated budgetary system (IBS), integrated financing system (IFS), management information service (MIS) marketing, and management control system (MCS).[22]

Management Programme in Public Policy

The Management Programme in Public Policy (MPPP) began in 2015 and was developed by the Bharti Institute of Public Policy in consultation with The Fletcher School of Law and Diplomacy. The programme is oriented towards mid-career professionals, examining public policy perspectives on a wide range of economic and management subjects. The first class of students were drawn from government, public sector and civil society organisations.[23]

ISB Policy Conclave

Every year ISB Organizing Policy Conclave Program, This Policy Conclaveis a policy summit that brings together luminaries from the public sector, private sector and the civil society along with the brightest minds at ISB to discuss policy issues. The idea is to focus on shaping the dialogue, setting the narrative and focusing agenda on issues that really matter for the India beyond 2020.[24]

ISBInsight

ISBInsight (stylized ISBInsight) is the biannual research periodical of ISB, featuring articles based on management research from Indian and emerging markets.[25] It presents research across management areas such as strategy, marketing, information technology, accounting, behavioural studies, finance, economics and public policy. It also publishes interviews with leaders and decision makers from industry, academia, government and non-governmental organisations.[26][27][28]

Rankings
Institute rankings
Business – international
QS (MBA) (2020)[29]98
QS (MBA-Asia) (2020)[30]12
Financial Times (MBA) (2020)[31]28

Worldwide, the Financial Times has ranked ISB No. 28 in its Global MBA Ranking 2020.[31] The QS Global 250 MBA Rankings 2020 ranked ISB at No. 98 worldwide[29] and No. 12 in Asia.[30] ISB has secured the 7th position globally in the Forbes Best Business Schools 2019 rankings[32]

See also

References
  1. "Harish Manwani is new Chairman of ISB". business-standard.com. Business Standard, 11:42pm IST. 19 January 2018. Retrieved 14 January 2019.
  2. "Faculty". Isb.edu. Indian School of Business (ISB). 12 July 2013. Retrieved 19 September 2018.
  3. "ISB DataDirect in AACSB". aacsb.edu.
  4. Basu, Sreeradha (5 April 2017). "ISB gets EQUIS accreditation; reaccreditation from AACSB". The Economic Times. Archived from the original on 9 February 2019. Retrieved 9 February 2019.
  5. ISB - The Mckinsey Brainchild Archived 14 May 2011 at the Wayback Machine. 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 January 2019. Retrieved 29 January 2019.
  9. "Archived copy". Archived from the original on 30 May 2013. Retrieved 28 November 2016.CS1 maint: archived copy as title (link)
  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. "IGBC - Smart Cities & Green Building Concept in India". igbc.in.
  18. Saumya Bhattacharya (5 April 2011). "Wharton business school to expand presence in India". The Economic Times. Economic Times Bureau. Retrieved 19 September 2018.
  19. Komal Amit Gera (28 August 2012). "Goldman Sachs, ISB mentor women entrepreneurs". Business Standard. Chandigarh. Retrieved 19 September 2018.
  20. "Admission Process and Courses @ Indian School of Business". PaGaLGuY.
  21. "ISB Hyderabad – Young leaders Programme Admission Process". PaGaLGuY.
  22. "ISB launches young leaders' programme". Business Standard. Chennai/Hyderabad. 6 January 2011. Retrieved 19 September 2018.
  23. "Profile" (PDF). isb.edu. 2016. Retrieved 13 May 2019.
  24. https://www.isb.edu/Policy-Conclave/about (website). 2020 http://www.isb.edu/Policy-Conclave/about. Missing or empty |title= (help); External link in |website= (help)
  25. "ISBInsight". ISBInsight. Retrieved 25 September 2018.
  26. Books, Juggernaut (17 August 2018). "Juggernaut Books announces partnership with ISBInsight - the lowdown". the lowdown. Retrieved 25 September 2018.
  27. "ISBInsight : Thought Leadership : Forbes India Magazine". Forbes India. Retrieved 25 September 2018.
  28. "ISB Insights, Hyderabad 2018". glunis.com. Retrieved 25 September 2018.
  29. "World University Rankings - Full Time MBA: Global 2020". TopMBA.com. 24 September 2019. Retrieved 22 January 2020.
  30. "World University Rankings - Full Time MBA: Asia 2020". Top Universities. 24 September 2019. Retrieved 22 January 2020.
  31. "Business school rankings". Financial Times rankings. Retrieved 13 February 2020.
  32. "India's ISB ranks 7th under Forbes' 'Best Business School 2019' list globally". India Today. 18 September 2019. Retrieved 19 September 2019.
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