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Indian School Of Business
Established 2001
Type Private business school
Dean Ajit Rangnekar
Faculty 35 Permanent Faculty
~100 Visiting Faculty
Postgraduates 567 (2010)
Location India Hyderabad, AP, India
Website ISB.edu

The Indian School of Business (ISB) is an international business school in Hyderabad, India. The school offers postgraduate programmes in Management (Master of Business Administration - MBA), post-doctoral programmes, as well as executive education programs for business executives. It's idea was conceived in 1995 by a group of Fortune 500 entrepreneurs in collaboration with Andhra Pradesh's state government[1]. Rajat Gupta, former Managing Director of McKinsey & Company Worldwide and Nara Chandrababu Naidu, the then Chief Minister of Andhra Pradesh played a pivotal role in establishing the institution.

Indian School of Business's partners include Kellogg School of Management, Wharton Business School and London Business School[2]. The accelerated one-year post graduate programme course is ISB's specialty.

The Indian School of Business is ranked 15 among the top 100 global B-schools, as per the Financial Times annual MBA 2009 rankings[3].

Contents

History

Indian School of Business

In 1996, a group of business leaders and academicians recognised the need for a globally top-ranked and distinctive business school in Asia. They realised that the evolving business scenario would require young leaders trained in the nuances of transitional economies, yet exposed to a global perspective.The vision of the founders was to create a school that was different in many ways – with innovative academic programmes, and a world-class, yet affordable, overall value proposition[4].

In less than a year after that, the Executive Board was formed, followed shortly by the formation of the International Academic Council comprising of the academic associations of Kellogg School of Management and the Wharton School. The London Business School followed shortly thereafter. The Government of Andhra Pradesh welcomed the ISB into Hyderabad, laying the foundation stone for the campus in 1999. The Post Graduate Programme was launched in 2001 with the first batch comprising 128 students, followed by the launch of the Executive Education Programmes.

Campus

The Indian School of Business campus is located in Gachibowli, Hyderabad.

The campus has been designed in such a way that parts of it maintain the vegetation, rock formations, and natural habitat, while other parts of the campus have manicured lawns, boulevards, and gardens. A wide variety of flora and fauna including the national bird of India, the peacock, can be found within the campus. A virtual campus tour is available on the institution's homepage.[5]

ISB Library

The Academic Block is at the heart of the ISB. It consists of the lecture halls, the auditorium, library, professors' rooms, administrative offices and the cafeteria. All lecture halls have AV equipment and network connectivity, and the Khemka auditorium seats 400 people. The library has over 31,000 books, 2000 AV resources, 374 print journals, and a Computer Centre with online access to 40 online databases including over 2,000 e-journals.[6]

The residential facility for full-time students consists of four housing blocks called Student Villages (SV), each accommodating up to 130 students at a time. Each SV has separate wings for individual students and for students with families. All student rooms are provided with broadband Internet connectivity and in addition, Wi-Fi connectivity is available in almost all parts of the campus.

There is a separate Executive Housing (EH) available for candidates of executive programs, visiting professors, and corporate executives. Permanent faculty reside in the Faculty Housing block.

Recreational facilities include a fitness center, swimming pool, tennis, squash, badminton and basketball courts, football grounds as well as indoor sports such as billiards, carrom, and chess.

The Class of 2008 raised funds from the student community towards constructing the "Class of 2008 Events Lounge" for on-campus parties. The open-air amphitheater was constructed from funds donated by the Class of 2009.

Other on-campus conveniences include a grocery store, book-store, bank/ATM, travel desk, medical-aid/doctor, and a small creche for kids.

Academic Programs

The academic programmes at the Indian School of Business provides the latest practices and trends in management education with the flexibility to explore different areas of interest. ISB's learning model emphasises on the close connection between management education and management practices that focuses on creating business leaders.

The following programs are offered at ISB.

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Post Graduate Program in Management

The one year programme in management education follows a combination of core courses, selected electives and an experiential learning project, which allows students to interact with the industry.

Unlike many other business schools in India, ISB requires prospective students to have significant full-time work experience prior to admission and has a recommended minimum work experience of two years. The admission process is highly competitive and invites applications from students with good Graduate Management Admission Test scores and diverse professional experience. The shortlisted students are then interviewed by a panel of 2-3, mostly drawn from the ISB faculty and alumni.

Course Structure and Curriculum

The academic year begins in April and is divided into 8 terms - 4 core terms and 4 elective terms, with each term running for 6-7 weeks. During the core terms, all students take a variety of courses such as Accounting, Marketing, Finance, Organizational Behaviour, Information Technology, Strategy, Operations etc that provide the foundation for a business degree. In the elective terms, students can opt among the electives offered towards pursuing their concentration. Each course counts for 1 credit, and 6 credits from a track are required to obtain the concentration. It is mandatory to obtain concentration in any one area, though a student can choose a maximum of two concentrations.

The Experiential Learning Project is an integral part of the programme in which students, in groups of three to four, work on live projects in a corporate environment.

Academic and Social Clubs

There are a number of student run clubs including Consulting, Marketing, Business Technology, and Photography.

International Exposure

The International Student Exchange Programme provides the students an opportunity to spend a couple of semesters in ISB's exchange partner schools abroad. ISB has over 20 exchange partner schools across Asia, Europe, Africa, Australia, and North America. Some of the partner schools include Thunderbird School of Global Management, London Business School, Kellogg School of Management, CEIBS China, Fuqua School of Business, The Fletcher School, HEC Paris, Melbourne Business School, and Wharton Business School.

ISB, along with the Wharton Business School also offers The Wharton Global Consulting Practicum. This is a global consulting program that helps develop skills in negotiation and consulting from a global standpoint.

Placements

Unlike other B-schools in India, ISB conducts a rolling placement season for its students. ISB graduates have received both, Indian as well as foreign postings through on-campus placements.

Past recruiters include Google, McKinsey & Co, Goldman Sachs, Boston Consulting Group, Microsoft, Deutsche Bank, HDFC Bank, British Petroleum, Accenture, A T Kearney, Oliver Wyman, Yes Bank, Alvarez & Marsal, ArcelorMittal, DLF Limited, Zinnov, Cognizant Technology Solutions, Arthur D. Little, Infosys, Wipro, Diamond Management & Technology Consultants, Lufthansa, Pfizer, Bharti, Reliance ADAG, Capgemini, ZS Associates, Hewitt, The Parthenon Group, JLLM, Aditya Birla Group, Alghanim Industries, Dassault Systemes, Universal Consulting, Pricewaterhouse Coopers, NIIT, ICICI, Zensar Technologies, KPMG, Ernst & Young, Flagstone Re, Coca Cola, Value Partners, Citigroup, Deloitte, ITC, and Amazon among several others.

Post Doctoral Programme in Management

The institute believes in nurturing research in management and aims to contribute to the academicians and the industry. The Business Research Fellowship Programme (BRE) intends to focus on issues afflicting industries in both developing and developed markets.

The duration of the programme is up to 2 years and 4 months. The fellows would be required to publish their research in business/management in leading journals and also help the faculty in classes and in research. The school also provides qualified fellows opportunity to spend a couple of semesters in top business schools.

The programme expects the individual to demonstrate capabilities to do research. It looks for scholars who hold a Ph. D in Computer Science, Statistics, Operational Research, etc. The selection is based on past research, Statement of Purpose, recommendations followed by an on-campus presentation and interview.

Executive programmes

The Center for Executive Education (CEE) conducts management programmes of short and long term duration for middle and top management executives. The faculty for these programmes are drawn from the best across the globe in imparting executive trainings and with exposure to consulting for large organizations.

The programmes conducted by CEE for executives can be classified into 3 broad categories.

  • Open Programmes
  • General Management
  • Customised Programmes

The CEE offers Open Programmes on Marketing, Strategy and Leadership, Finance and Accounting and Operations and Technology. Along with top-notch faculty and innovative curriculum these programmes provide great opportunities for networking amongst the executives and share and learn from each other's experiences. These programmes draw a diverse set of entrepreneurs, CEO's and managers from a wide spectrum of industries.

The General Management Programme offered by CEE include Managing Young Global Enterprise (MY GLOBE), ISB Kellog Global Advanced Management Programme and Accelerated Management Programme. These programmes aim to transform the performance of both the individual and the organizations they represent or lead.

The CEE of the Indian School of Business also offers customized management programmes to meet the specific needs of organizations. ISB works with the clients to establish an integrated partnership based on what it calls a 4-D approach to learning. Discover, Develop, Design and Deliver.

Centres of Excellence

ISB has 7 Centers of Excellence, each with a particular focus on issues relevant to emerging markets. As of 2009, the centers are

  • Centre for Analytical Finance (CAF)
  • Centre for Emerging Market Solutions (CEMS)
  • Centre for Global Logistics and Manufacturing Strategies (GLAMS)
  • Srini Raju Centre for Information Technology and Networked Economy (SRITNE)
  • Centre for Leadership, Innovation and Change (CLIC)
  • Wadhwani Centre for Entrepreneurship Development (WCED)
  • Indu Centre for Real Estate and Infrastructure(ICREI)

The Centres focus on generating research by working closely with industry through conferences, seminars, and workshops. ISB plans to start a centre for Strategic Marketing in the future.[7]

Faculty

ISB follows a model of having a mix of visiting and resident faculty.

Visiting faculty from business schools around the world come and offer courses at ISB. These professors come from various fields of research and specialization. Faculty from schools such as Wharton, Kellogg, London Business School, UCLA, IESE Spain, INSEAD France, Kenan-Flagler, Duke Fuqua, U Mich, Haas, Emory Goizueta, Ohio State, and Cornell (among others) have taken courses at ISB. During the course of the term, the visiting faculty stay on campus providing students with an opportunity to interact with them outside of class hours.

Apart from visiting faculty, there are good number of permanent resident faculty. A profile of the ISB faculty can be found on the ISB website.[8]

Seminars and Conferences

The First International Conference on Igniting the Genius Within, organised by the Centre for Leadership, Innovation, and Change (CLIC).[9] at the ISB, offered participants a unique opportunity to experience the confluence of three themes - Leadership, Innovation and Change - perused through three lenses:

  • Wisdom Perspectives: Based on ideas and world-views from the spiritual domain that have withstood the test of time and give us direction, passion and meaning
  • Scientific Principles: Based on latest research in the areas of neuro sciences, cognitive sciences, and complexity models
  • Management Practices: Based on best practices from around the world

For more details visit: http://www.isb.edu/CLIC/IgnitingtheGeniusWithin.Shtml

Alumni Reunions

Distinguished Visitors

Other prominent personalities who have visited ISB include Prof. Jeffrey Sachs and Thomas Friedman.

Global MBA Rankings

In 2009, ISB was ranked #15 among the top 100 global B-schools, as per the Financial Times annual MBA rankings[12]. It debuted the rankings list at #20 in 2008.

ISB is the first Indian B-School to find a place in FT's Global B-School rankings and made it to the top twenty in the very first year of its inclusion in list.[13]

Expansion Plans

Executive Board

  • Rajat Gupta, Chairman, ISB
    • Senior Partner Emeritus, McKinsey & Company, Inc
  • Anil Ambani, Group Chairman and CEO, Reliance Anil Dhirubhai Ambani Group
  • Rahul Bajaj, Chairman, Bajaj Auto Limited
  • Purnendu Chatterjee, Chairman, The Chatterjee Group
  • Keki Dadiseth, Chairman, Omnicom India
  • Yogesh Deveshwar, Chairman, ITC Limited
  • Adi Godrej, Chairman, The Godrej Group
  • Srini Raju, Chairman, ILabs; Managing Director and Co-Founder, Peepul Capital
  • Uday Kotak, Executive Vice Chairman and Managing Director, Kotak Mahindra Bank Limited
  • Anil Kumar, Former Director, McKinsey & Company, Inc.
  • Harish Manwani, President, Asia & Africa, Unilever Plc
    • Chairman, Hindustan Lever Limited
  • Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon India Limited
  • Lakshmi Mittal, President and CEO, Arcelor Mittal Steel Company
  • Sunil Kant Munjal, Managing Director, Hero Corporate Services Limited
  • N R Narayana Murthy, Chief Mentor, Infosys Technologies Limited
  • Shiv Nadar, Founder, HCL Technologies Limited
  • Sanjay Nayar, CEO and Country Head for Kohlberg Kravis Roberts & Co in India
  • Deepak Parekh, Chairman, HDFC
  • Rajendra Pawar, Chairman, NIIT Limited
  • Nimmagadda Prasad, Vice Chairman, Matrix Laboratories Ltd
  • Girish Reddy, Founder, Prisma Capital Partners LP
  • Analjit Singh, Chairman, Max India Limited
  • K P Singh, Chairman of the Board, DLF Limited
  • Syam Prasad Reddy, Chairman and Managing Director, Indu Projects Ltd
  • Pramath Raj Sinha, Founding Dean, Indian School Business
    • Founder and Managing Director, 9.9 Mediaworx Pvt Ltd
  • Mallika Srinivasan, Director, Tractor and Farm Equipment Limited

References

External links


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