Indian School of Business explained

Indian School of Business
Image Alt:Logo of the Indian School of Business
Type:Private business school
Chairman:Harish Manwani[1]
Dean:Madan Pillutla
Academic Staff:65 permanent (104 visiting)[2]
City:Hyderabad (from 2001) and Mohali (from 2012)
Country:India
Campus:Urban, 260acres
Colours: Sky blue

The Indian School of Business (ISB) is a private business school in Hyderabad, India. It offers certificates in various post-graduate management programs.[3]

History

The Indian School of Business (ISB) was started in 1996 by a bunch 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.[4] 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 then Chief Minister of Andhra Pradesh Sri N. Chandrababu Naidu played an important role for establishment of ISB in Hyderabad. The foundation stone for the campus was laid in 1999 and was inaugurated by Prime Minister Atal Bihari Vajpayee in 2001.[5] The Government of Punjab sanctioned the Mohali Campus in 2010; its foundation stone was laid in September 2010 by Punjab Chief Minister Parkash Singh Badal,[6] and was inaugurated in December 2012 by the then Union Minister of Finance, P. Chidambaram.[7] [8]

Dipak Jain, Raghuram Rajan, Madhav Rajan are famous Indian academics who teach and research at ISB

Campuses

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

Hyderabad campus

It is the older campus and was designed by Vikram Lall and established in 2001 and is spread across .[9] It includes the academic centre, a recreation centre, and four student villages each accommodating 130 to 210 students.[10]

The Hyderabad campus is certified by the Indian green building council.[11]

Mohali campus

The modern 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:[12]

Academics

Accreditation

ISB is accredited by AMBA, EQUIS and AACSB.[13] [14] ISB became the 100th Triple Accredited institution in the world upon achieving AMBA accreditation on 12 May 2020.[15]

ISB is not accredited by the All India Council for Technical Education (AICTE)[16] and has not applied for such accreditation, as it offers a certificate program and not a degree or a diploma.[17] 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.[18]

Programmes

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

Type:Institute
Ft Mba 2022:32
Qs B A 2023:15

Worldwide, the Financial Times has ranked ISB  32 in its Global MBA Ranking 2022.ISB is ranked 7th globally (No.1 in India) in the Forbes Best Business Schools 2019 rankings[29] ISB is ranked 44th Globally in the Economist Global MBA rankings [30] Poets and Quants ranks ISB as the 17th best business school outside the US[31] It is ranked 5th in the Asia Pacific region by Bloomberg Businessweek's global rankings for best business schools.[32] ISB became the 100th Triple Accredited business school in the world (AMBA, EQUIS,[33] AACSB[34]) upon achieving AMBA accreditation on 12 May 2020.

ISB is currently the highest ranked business school in India, as ranked by Forbes, Financial Times, The Economist, Poets&Quants and Bloomberg Businessweek Global MBA Rankings.[35]

Notable alumni

Business

Arts, Entertainment, and Writing

Sports

Education

See also

External links

Notes and References

  1. News: Harish Manwani is new Chairman of ISB. Business Standard, 11:42pm IST. Business Standard India. 19 January 2018. 14 January 2019.
  2. Web site: Faculty. Indian School of (ISB). Isb.edu. 12 July 2013. 19 September 2018.
  3. Book: Indian School of Business.
  4. http://www.consultingnetwork.co.in/isb-the-mckinsey-way/784/ ISB – The Mckinsey Brainchild
  5. http://www.thehindubusinessline.in/2001/12/03/stories/140377mm.htm Resource management need of the hour: PM
  6. News: Foundation stone of ISB's second campus in Mohali laid. IANS. 11 August 2010. 19 September 2018.
  7. News: ISB opens campus in Mohali. 3 December 2012. Business Line. 29 January 2019. https://archive.today/20190129133627/https://www.thehindubusinessline.com/news/education/ISB-opens-campus-in-Mohali/article20534656.ece. 29 January 2019. live.
  8. Web site: Archived copy . 28 November 2016 . https://web.archive.org/web/20130530230718/http://events.isb.edu/MohaliCampusInauguration/ . 30 May 2013 . dead .
  9. News: Chanda Kochhar on board of ISB. Swati Bharadwaj-Chand. The Times of India. TNN. 12 January 2010. 19 September 2018.
  10. Web site: ISB Hyderabad Campus. 19 September 2018.
  11. Web site: IGBC – Smart Cities & Green Building Concept in India . igbc.in.
  12. News: Wharton business school to expand presence in India. Saumya Bhattacharya. The Economic Times. Economic Times Bureau. 5 April 2011. 19 September 2018.
  13. http://articles.economictimes.indiatimes.com/2011-12-02/news/30468131_1_accreditation-isb-dean-ajit-rangnekarIndian School of Business gets AACSB accreditation
  14. Web site: About AACSB. Association to Advance Collegiate Schools of Business. 19 September 2018.
  15. News: Biswas. Preeti. May 13, 2020. ISB is 100th business school in the world to receive 'Triple Crown' accreditation. The Times of India. January 11, 2021.
  16. News: M. Ramya. ISB on the list of institutes unapproved by AICTE. 9 November 2012. The Times of India. TNN. 19 September 2018.
  17. Web site: ISB PGP is not recognised by AICTE. Indian School of Business. 19 September 2018.
  18. Web site: USCIS ruling on petition on ISB PGP equivalence. 4 October 2011. United States Citizenship and Immigration Services. 19 September 2018.
  19. News: Goldman Sachs, ISB mentor women entrepreneurs. Business Standard. Komal Amit Gera. Chandigarh. 28 August 2012. 19 September 2018.
  20. Web site: Admission Process and Courses @ Indian School of Business. PaGaLGuY. 10 April 2019.
  21. Web site: ISB Hyderabad – Young leaders Programme Admission Process. PaGaLGuY. 25 March 2019.
  22. News: ISB launches young leaders' programme. Business Standard. Chennai/Hyderabad. 6 January 2011. 19 September 2018.
  23. Web site: Profile . 2016 . isb.edu. 2019-05-13.
  24. Web site: http://www.isb.edu/Policy-Conclave/about . 2020 . isb.edu/Policy-Conclave/about . website.
  25. Web site: ISBInsight. ISBInsight. English. 2018-09-25.
  26. News: Juggernaut Books announces partnership with ISBInsight – the lowdown. Books. Juggernaut. 2018-08-17. the lowdown. 2018-09-25. English.
  27. Web site: ISBInsight : Thought Leadership : Forbes India Magazine. Forbes India. English. 2018-09-25.
  28. Web site: ISB Insights, Hyderabad 2018. glunis.com. en. 2018-09-25.
  29. News: India's ISB ranks 7th under Forbes' 'Best Business School 2019' list globally. 18 September 2019. India Today. 19 September 2019.
  30. Web site: Indian School of Business | Full-time MBA 2021 | Which MBA? | the Economist.
  31. Web site: 30 December 2019 . INSEAD Claims First for Fifth Time in a Row .
  32. Web site: 2021-09-16. ISB, IIM-Bangalore in top 10 Asia-Pacific varsities: Bloomberg Best B-Schools MBA ranking 2021. 2021-09-17. The Indian Express. en.
  33. News: Basu . Sreeradha . 5 April 2017 . ISB gets EQUIS accreditation; reaccreditation from AACSB . live . https://archive.today/20190209181308/https://economictimes.indiatimes.com/industry/services/education/isb-gets-equis-accreditation-reaccreditation-from-aacsb/articleshow/58030944.cms . 9 February 2019 . 9 February 2019 . . English.
  34. Web site: ISB DataDirect in AACSB . aacsb.edu.
  35. Web site: Best International MBAs: One-Year Programs . 2021-07-26 . Forbes . en.
  36. Web site: Our Team . CarTrade Tech . 20 February 2024.
  37. Web site: Amit Kumar: The Theory of Wait. 21 February 2024.
  38. Web site: TED.com . TEDxIIMA. 21 February 2024.
  39. News: Sharma . Milan . How Bijaei Jayaraj revived his defunct company Loylty Rewardz through VC funding . The Economic Times. 26 November 2012.
  40. News: A little goes a long way. India Today. 4 October 2014.
  41. Web site: Mehta. Ayushi. 2017-06-06. MS. RUNKI GOSWAMI. live. https://web.archive.org/web/20170828093451/https://thenewhunt.in/ms-runki-goswami/. 2017-08-28. 2021-11-29. The New Hunt. en-US.
  42. News: This Model Means Business . The Times of India . 10 September 2003 . Revathy . Menon . 18 October 2018 .
  43. News: Author Ravinder Singh's new book. businessstandard.com. 12 August 2016.
  44. News: Family value. 2019-05-25. forbesindia.com. 2019-05-25.
  45. Web site: Olympian Quest. 2011-05-15. businesstoday.in. 2021-09-21.
  46. Web site: Executive Committee OGQ . 2024-05-21 . ogq.org.
  47. Web site: GoalIsb. 2023-05-24. goalisb.com. 2023-05-24.