MBA aspirants need no longer run to the US
for an MBA degree which is recognised the world over.
A premier school of business is soon to be set up right
here in the city. The Indian School of Business (ISB)
is a result of a unique collaboration of 50 of the
world's top corporations, 23 of which belong to the Fortune
500 companies. Besides, the business school is affiliated
to the JL Kellogg Graduate School of Management and
the Wharton School (University of Pennsylvania).
The foundation stone for the 250-acre campus in
Gacchibowli (near IIIT) was laid in December 1999.
Admissions will commence from July 2001. Construction
of the school is currently underway.
The objective is to create an 'institution for innovative
management education that exemplifies excellence in every
aspect, harnesses the best of management practices in
the East and West and is significantly more affordable
than its peers. The school is slated to be comparable
to the best of its kind in the world.
The curriculum will be identical to that offered in the
US. The courses include a one-year post-graduate programme
equivalent to an MBA degree, Doctoral and Research
Programmes and an Executive Education Programme,
targeting executives of top corporations. The school
expects students from abroad to constitute 25 - 40 per
cent of its total strength, which it believes will grow
by 75 per cent in six years.
Entry will be on the basis of GMAT scores (and
TOEFL scores for foreign students). Candidates
must have a minimum work experience of two years. The
graduation certificates issued will be jointly signed
by the Deans of IBS, Wharton and Kellogg.
Twenty faculty members from top US and European business
schools have formed an International Academic Council
(IAC). Besides designing the curriculum, the professors
will provide the teaching input and be involved in faculty
selection. The school plans to draw from a pool of Indian
professors teaching abroad.
On February 18, 2000 ISB received a grant of $
1 million from the Goldman Sachs Foundation (for
promoting excellence and innovation in education worldwide).
The school is the first in Asia to receive such a grant.
The vision and purpose of this school is best described
in the words of Mr. Rajat Gupta, Chairman, ISB
and Managing Director of McKinsey & Co Inc. -"the
ISB's curriculum is a blue print for moulding business
leaders who thrive on change."
For admission details contact:
Indian School of Business, P.O. Box 149, General Post
Office, Hyderabad – 500 001
Phone: 300 2234 / 300 5736
Fax: 300 1963