43. Indian School of Business (ISB)
Indian School of Business (ISB)ISB Campus
Gachibowli, Hyderabad - 500032, , Andhra Pradesh, India,
Admissions: Tel: +91 040 23187474 or Fax: +91 040 23007099
Non-Indian Passport Holders:
Jan. 15, 2013 (rolling admissions)
Indian Passport Holders:
Cycle One: Sept. 15, 2012
Cycle Two: Nov. 30, 2012
The Indian School of Business (ISB) first climbed onto the world stage of business schools in 2008 when the school cracked The Financial Times’ ranking of the best global MBA programs. That year, the school found its way on the FT’s list at a rank of 20. Its best showing on the British newspaper’s ranking was in 2010 when the school placed 12th.
ISB has made the FT’s rankings for five consecutive years in a row–the best of any business school in India. The only other B-school in India to make the FT list has been the Indian Institute of Management at Ahmedabad. Not bad for a school that is only 11 years old.
When the ISB was set up in 2001, the school broke the mold as far management education in India was concerned. Positioned as India’s global school, ISB came with strong academic partnerships with the Wharton School and Kellogg School of Management – people like then Kellogg Dean Don Jacobs, then Wharton Dean Tom Gerrity, and London Business School’s Sumantra Ghoshal were personally involved in the planning. It promised a strong line-up of international faculty including such B-school stars as strategist C.K. Prahalad and marketing guru Philip Kotler. Even today, senior executives such as Dell CEO Michael Dell, British Sky Broadcasting chairman James Murdoch and WPP CEO Martin Sorrell along with senior academics like Kellogg Dean Sally Blount, INSEAD Dean Dipak Jain and MIT Sloan Dean David Schmittlein sit on the school’s board.
But ISB’s biggest point of differentiation was that it offered a one-year MBA, a new concept in the Indian market. Unlike other Indian business schools back then, it placed a huge emphasis on experience and diversity. “We gave the market a very different product. They were not just another substitute for the Indian Institute of Management (IIM) graduates, but a different category of people – more mature and more well-rounded,” says Ajit Rangnekar, the dean of the Indian School of Business, who wants the school to be among the top five in the world.
ISB seemed like a great project from the word go – the right academic backing, strong corporate supporters and an audacious plan. But it wasn’t always smooth sailing. Soon after launch in July 2001, the market turned south. In the wake of 9/11, a couple of the star professors backed out and finances came under strain. The next year, when the first batch of graduates was put into the market, jobs were in short supply. Some of worried corporate investors said that if given an opportunity to invest in projects like this again, they would stay away. “Back then, there were a whole lot of skeptics and even among the believers, almost everyone thought that it would take a lot longer for ISB to reach where it is today,” says Rangnekar.
Besides, another big worry was whether the same visiting faculty would keep coming to ISB year after year. There were other challenges too – building a base of permanent faculty in India was far from easy. India failed to offer a conducive research environment that would attract professors to relocate from the U.S. or Europe. But over the years, ISB has managed to overcome the issue.
“The myth was that you can’t attract world-class faculty to India, they can’t produce research here,” says Rangnekar. “But my one regret is that we haven’t been able to attract as many senior faculty as we would have liked to. That’s because they have spouses and children who have lives of their own and that’s very difficult to match here. I cannot recreate schools and I cannot recreate opportunities for spouses.” At the same time, Rangnekar is not keen to reduce the visiting faculty numbers below 40 percent. “That is the only way to ensure that students get global exposure and a global education,” he says.
One possible drawback: Some 74% of the students are former engineers and less than 4% are international. The lack of diversity is an issue that Rangnekar is trying to address. Another issue for some might be that the school doesn’t technically grant an MBA, but rather a Post Graduate Programme in Management (PGP). It’s pretty much the same thing as an MBA. The reason for this is that the All India Council for Technical Education (AICTE), India’s higher education regulator, simply refuses to recognize a one-year MBA.
Latest Up-to-Date MBA Rankings:
Poets&Quants (2012): 43 (among top non-U.S. schools)
BusinessWeek (2012): NR
Forbes (2011): NR
Financial Times (2012): 20 (Global) 9 (Non-U.S.)
The Economist (2012): NR
Rankings Analysis: The Indian Business School is only one of two B-schools in India to be ranked by Poets&Quants. The school placed 43th among the top 50 non-U.S. MBA programs.
Our ranking is largely based on The Financial Times, which in 2012 placed the school 20th in the world and ninth among non-U.S. business schools. The school has yet to be ranked among the best non-U.S. schools by either BusinessWeek or Forbes and has not yet made The Economist ranking.
Tuition & Fees: $40,000
Average GMAT: 710
GMAT Range: 670 – 750 (mid-80%)
Acceptance Rate: NA
Full-Time MBA Enrollment: 770 (majority at Hyderabad campus)
Mean Age: 27
Average International Salary: $121,008 for Class of 2011
Average Domestic Salary: 1,792,715 Indian Rupees ($32,168)
Percentage of MBAs with Job Offers Three Months Later: NA
International companies made 92 offers to the school’s graduates in 2012, compared with as 83 a year earlier. The positions offered were across 11 countries namely, Germany, Switzerland, Italy, U.K., U.S., Dubai, Nigeria, Singapore, Malaysia, Sri Lanka and Hong Kong. Leading companies such as Apple, Astra Zeneca, Bloomberg, Booz, BT, Delta Partners, Expedia, GE, Goldman Sachs, and PRTM were among a list of 73 participating companies this year. Some of the global companies such as Novartis and Siemens made offers across multiple countries and with varied roles.
Consulting: The consulting sector accounted for more than 30% of offers to graduates in 2012 from companies such as AT Kearney, Accenture, Booz & Co, Deloitte, Diamond Consulting, Gallup Pte Ltd, KPMG, McKinsey & Co, Parthenon Group, PRTM, PwC, The Boston Consulting Group, and Valcon Management Consultants.
Technology: The technology sector was the second leading sector that yielded about 28% of the offers through a broad spectrum of roles in Technology Consulting, Sales, Product Management and Project Management. The companies in this sector include Apple, Cognizant, Facebook, Google, IBM India, Infosys, Microsoft, and Siemens AG among others.
FROM THE INDIAN SCHOOL OF BUSINESS:
Right Place Right Time – In competitive markets that increasingly resemble a battle field, where do you, an aspiring business leader, find the much desirable shades of azure? The answer, as every MNC has acknowledged over the last decade, points to a YOUNG COUNTRY that also happens to be one of the most robust economies in the world. INDIA
India has become famous as the land of opportunities and is closely associated with future growth and expansion. It is emerging fast as the next economic powerhouse and is set to be one of the top three economies of the world.
Most organizations around the world already have a significant presence in India and the remaining aspire to have this presence soon. They hire individuals, with an exposure to India, for various roles. These roles, which involve handling the Indian market, vendors or associates, are based either inside or outside India.
India’s global rise is matched by the improved quality of lifestyle in Indian cities. With a thriving economy, India’s booming urban development and its cultural diversity contribute to a high-quality lifestyle for locals and tourists alike.
Also empowering India is its highly qualified work-force, which already forms a critical mass for companies with India on their growth plans. This talent and expertise has transcended across several industries, making India a hotbed for industrial development.
Greater living per life:
The Indian movie market is bigger than that of USA and Canada combined
India is the largest English speaking nation in the world
India is the second-most social network savvy country in the world with 31 million registered users on Face book and 2.8million on Google+
India is one of the only three countries that make super computers, the US and Japan being other two
India has the world’s youngest internet population with 75 per cent of all users under the age of 35 years
India is responsible for nearly half the world’s outsourced services
India has the second largest Pharmaceutical market
India is currently the second biggest Auto market
The Indian government has just opened its retail industry to USD 30billion in investments by Foreign Institutional Investors (FII)
Indian School of Business (ISB)
The Indian School of Business was founded in to groom the business leaders of future. It brought together the finest of business thinkers, leaders, academicians and entrepreneurs and incorporated their learning to design programmes which were global in scope while addressing business challenges in an Indian context. So what the ISB provides an aspiring business leader like you are the tools to leverage the colossal opportunity that India and other emerging economies represent.
ISB’s growth in one eventful decade is remarkable to say the least. Now, with more and more aspirants who prefer to go with our global outlook, the time is right to widen our reach.
ISB’s Mohali campus, spread across 70 acres in the Knowledge City, has been set up under the visionary leadership of the Government of Punjab. With this, ISB’s intake of students will go up to 770 (560 in Hyderabad and 210 in Mohali) for the class of 2013. The facilities at the new campus will be on par with Hyderabad and will reflect similar values of quality and excellence. A select faculty pool will teach across both campuses.
The Indian School of Business became the first B-school in South Asia to be recognized by the Association to Advance Collegiate School of Business (AACSB) which is the oldest and longest serving global accrediting body for business schools. Less than 5% of the world’s business schools have earned the AACSB accreditation.
Over the years, we have built associations with top-ranked schools across the globe, like the Kellogg School of Management, The Wharton School, the London Business School, MIT Sloan School of Management and The Fletcher School. Our research output has also been recognized as the highest amongst all B-schools in India in the last decade, according to a study done at the London Business School. This means at the ISB, you get the best global inputs combined with a strong India focus.
To be an internationally top – ranked, research driven, independent management institution that grooms future leaders for India and the world.
Benefits of the One –Year Programme at ISB
The PGP at the ISB is delivered in one intense year, with 680 contact hours between faculty and students. This is comparable to most two-year MBA programmes, which usually have 760 contact hours. While this makes the programme more demanding, it also allows students to get back to their careers quickly and reduces the opportunity cost of studying an extra year. It is designed to be challenging, comprehensive and global in scope. In 2008, ISB became youngest institution to be ranked among the Top-20, in global B-School Rankings by the Financial Times, London, and since then has been ranked consistently among the top B-schools globally. From the unique faculty model we follow and the innovative curriculum to the vast alumni network (4000+) or the career opportunities, the one year at the ISB will make a great deal of difference to your outlook.
ISB alumni have summarized the benefits of the one-year programme as follows:
- The intensity of the programme teaches students to analyze situations quickly, think on their feet and apply their skills to real business situations.
- One year at ISB was such a transformational one because our learning goals for the PGP focus on critical and Integrative thinking, working in teams, Ethical responsibility, Global awareness, and Effective Communication.
- One-year programmes have a great advantage over two-year programmes because of the tremendous savings in opportunity costs.
Two distinguishing factors of the ISB curriculum are its brevity and density. Spanning just over 11 calendar months from the end of April to the beginning of the following April, the program is divided into eight six-week terms, and students attend class Monday through Thursday each week. The mandatory core curriculum includes 16 courses spread over four terms and a pass/fail leadership development program, which spans the first two terms. Students take the entire core with their sections and five-person study groups, and no testing-out is permitted. Following an optional one-week pre-term with three modules covering quantitative methods, accounting, and business statistics,
The ISB’s 24-week core includes the following courses:
• “Financial Accounting in Decision Making”
• “Marketing Management”
• “Managerial Economics
• “Statistical Methods for Management Decisions”
• “Competitive Strategy”
• “Decision Models and Optimisation”
• “Global Economics”
• “Marketing Decision Making”
• “Corporate Finance”
• “Managerial Accounting”
• “Operations Management”
• “Government, Society, and Business”
• “Investment Analysis”
• “Management of Organisations”
• “Strategic Analysis of IT”
Students get a mere five days between each of the core terms to rest up for the next one. “It’s very intense to say the least,” remarked one student who spoke with mbaMission. After Term 4, students have two and a half weeks off before beginning four more terms of electives. Breaks vary between the elective terms because the exam schedule for electives is expanded compared with the exam schedule for core courses, but all students get two weeks off between Terms 7 and 8 in mid-February for on-campus interviews.
The final four terms of the ISB program are completely customized, and students can specialize in one or two (maximum) of the following concentrations:
• Information Technology Management
• Operations Management
• Strategy and Leadership
Choosing from among 70 electives, students must take at least 16 but can select up to 19 courses for their final four terms. Beginning in Term 5, students select and register for electives using an online auction-type system that we learned can be quite competitive. Students begin with a bank of points, which they then use to bid and pay for various electives each term through the end of the academic year.
In addition to the 70 electives, most students elect to participate in one or more of the specialty programs offered at ISB, including Independent Study, Faculty Initiated Research Projects, and the Experiential Learning Programme, which pairs student teams with industry partners to solve real-world business issues.
Another offering is highly popular, “Planning an Entrepreneurial Venture” with Professors Kavil Ramachandran and Subramonia Sarma, includes sessions with venture capitalists, entrepreneurs, and project consultants, and empowers student teams to cultivate their own business plans and participate in domestic and international business plan competitions. A select group of students also participates in the Wharton Global Consulting Practicum each year, partnering with a team of students from the Wharton School to complete a real consulting engagement.
A unique feature about the ISB is its faculty line up. Students at ISB attend classes taught not only by the ISB’s resident faculty but also from the visiting faculty from our associated schools.
The ISB is associated with Kellogg School of management, The Wharton school, London Business School, the Fletcher School and MIT Sloan Management. These associations help us in bringing the best of the faculty under one roof to give our students a unique learning experience. The ISB has 45 resident faculty and over 100 visiting faculty, who come to ISB from top global schools.
The resident faculty provides insights into emerging markets and the Indian business context, while the visiting faculty adds an international flavor to the curriculum. ISB faculty, one of the alumni expressed an opinion that truly defines them – that the ISB faculty are facilitators first and teachers next. Because they know just how to bring out the wealth of knowledge that’s right there within the classroom. Apart from sharing global best-practices, the faculty at the ISB constantly plays the role of guiding discussions in the classroom so students gain more insights in every session. The unique faculty model further enhances your experience.
The link below will take you through the ISB’s entire professor body
In order to encourage cross-learning and increase networking across the campuses, there will be an inter-campus exchange programme during Terms 3 and 4. Through a transparent process, an equal number of students from each campus will have the opportunity to swap their starting locations and spend a maximum of two core terms on the other campus.
Programme Structure for the class of 2013 across Hyderabad and Mohali
Core Term 1: Leadership, Analytical and Functional courses (Common to both campuses)
Core Term 2: Leadership, Analytical and Functional courses (Common to both campuses)
Core Term 3: Leadership, Analytical and Functional courses (Common to both campuses, though this term and term 4 will have campus exchange option between Hyderabad & Mohali on a 1:1 basis)
Core Term 4: Leadership, Analytical and Functional courses (Common to both campuses, though this term and term 4 will have campus exchange option between Hyderabad & Mohali on a 1:1 basis)
Elective Terms 5, 6, 7 & 8: Marketing Major, Finance Major, Strategy & Leadership Major, IT Major, Operations Major, Entrepreneurship Major (IT and Operations Major not offered at Mohali. Terms 5 to 8 will have campus exchange option available for different concentration areas).
Class Profile at ISB
Total Accepted: 767
Average Age: 27
Age Range: 25-30 (Mid-80% range)
GMAT Average: 710
Work Experience: 5 years
Work Experience Range: 2.7 years-7.5 years (Mid-80% range)
Percentage of Non-Indian Passport Holders: 3.4%
Number of Nationalities: 11
Tuition Fee: INR 18,50,000, 41,000 USD (approx)
Application Fee: INR 3,000, 60 USD
Cycle 1 – September 15, 2012
Cycle 2 – November 30, 2012
Non-Indian Applicants: 15-Jan-13 All Non-Indian passport holders)
The Indian School of Business (ISB) not only attracts the best students from all over the world but also provides them an opportunity to work with the best in the corporate world. The ISB’s placement system helps students find career opportunities in the best organizations, with challenging roles and responsibilities, attractive remuneration, and at interesting locations.
Our placement statistics are proof of the ISB edge and reflect how our graduates are regarded to be on par with the world’s best, by both Indian and international companies. Our students have been placed in senior management positions such as COO, VP-International Marketing, Head-Marketing, International Country Manager, etc, in leading domestic and international companies. Several students who came with significant experience in one area have been able to switch industries – from Armed Forces to Healthcare and automobile, from Shipping and Railway to IT – the success stories are many.
Top notch Recruiters – The list of recruiters include Goldman Sachs, Deutsche Bank, HSBC, McKinsey, AT Kearney, Booz & Co, BCG, Delta Partners, etc, other such leading recruiters from all top sectors including Consulting, Finance, Marketing, Operations, IT, Pharmacy among others.
|Testimonials of our Graduated students and AlumniPrashant Kumar Ivaturi – ISB Co 2012 “The year that we all eagerly awaited for, has gone by in a flash. The year has been special, and for good reasons too.”Jorge Malibran Angel – ISB Co 2012 He says, “Moreover with a 50% share of worldwide IT and BPO offshore outsourcing, India was the obvious choice”.Alexandra Sosnovskaya – ISB Co of 2012 “The primary reasons to choose ISB were 1-year rigorous on-campus program, excellent professors, and ISB’s position in the rating and scholarship program for international AIESECers”.Keisuke Matsumoto – ISB Co of 2011 “If you are applying to business schools just because others are doing the same, ISB is not your destination. If you really want to differentiate yourself and change your life, I strongly recommend you ISB.”Piero Guizzetti - ISB Co of 2007 “Choosing the ISB was a leap of faith. I came with a western orientation and left with a global perspective focusing on emerging economies. India is heading towards the centre of the world, and I was there.”Joseph A Hopper – ISB Co of 2003 “The ISB experience is a lot more than just what happens on campus; It is a much larger concept.”Support from the Indian School of Business to all aspirantsAdmissions team at ISB are always available to respond swiftly to all queries, please feel free to write to us for any further information and support you required from ISB.
We wish to inform you that the Indian School of Business’s (ISB’s) Post Graduate Programme in management’s application for the class of 2014 is now live in our portal. You may please click on http://pgpapp.isb.edu and start filling your application.
We look forward to your application for the class of 2014.
Come to India and the Indian School of Business (ISB) – “Expand Your Thinking”
Read an interview with V.K. Menon, the senior director of placements for the Indian School of Business. In this interview, he explains what ISB looks for in an applicant, how it treats re-applicants to the school, and how ISB had doubled scholarship aid for its students.
For more information on the school:
Hima Bindu, Associate Director – Admissions and Financial Aid
Indian School of Business,
Gachibowli, Hyderabad – 500032,
Andhra Pradesh, India
Tel: +91 040 23187474
Fax: +91 040 23007099
J V Ram Kamesh, Associate – Admissions and Financial Aid
Indian School of Business,
Gachibowli, Hyderabad – 500032,
Andhra Pradesh, India
Tel: +91 040 23187403
Fax: +91 040 23007099