| Revision as of 17:27, 26 April 2011 editMy2011 (talk | contribs)720 edits added →Controversy: -- please don't just dive in and change the lede without discussion← Previous edit | Revision as of 19:50, 26 April 2011 edit undoWifione (talk | contribs)16,760 edits Please read up Misplaced Pages:Manual of Style (lead section) for understanding that ''all'' prominent controversies need to summarized in lede and WP:College and university article guidelines to understand why rankings can't be synthesizedNext edit → | ||
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| The '''Indian School of Business''' ('''ISB''') is a graduate ] and research institution in ] with campuses in ] and ]. It offers a short duration Post Graduate Programme in Management (]-equivalent), a Fellow Program in Management (]-equivalent), as well as several ] programs. ISB has been included in the list of those institutions that run courses violating ] (AICTE) regulations.<ref name="Zee1">{{cite web|url=http://www.zeenews.com/news622722.html|title=200 unapproved institutions, 21 fake universities identified|accessdate=2011-04-26 | author=Press Trust of India | date=April 29, 2010 | work=News report|publisher=Zee News Limited}}</ref> According to ISB, AICTE does not have rules to recognize ISB's short duration programs.<ref name="BusinessToday1">{{cite web|url=http://businesstoday.intoday.in/story/aicte--time-to-revamp/1/2013.html|title=AICTE - time to revamp|accessdate=2011-04-26 | author=Rishi Joshi | date=May 4, 2008 | work=News report|publisher=Living Media India Ltd}}</ref> As of August 2010, AICTE had started approving short duration programs too.<ref name="ET1">{{cite web|url=http://articles.economictimes.indiatimes.com/2010-08-11/news/27580618_1_aicte-nod-aicte-approval-certificate-programme|title=Great Lakes' 1-yr mgmt course gets AICTE nod | |||
| |accessdate=2011-04-26 | author=Dibyajyoti Chatterjee, ET Bureau | date=August 11, 2010 | work=News report|publisher=Bennett, Coleman & Co. Ltd}}</ref> ISB was ranked #13 in the ] Global MBA Rankings 2011 with the alumni recommending a rank of #28.<ref name="FT1">{{cite web|url=http://rankings.ft.com/businessschoolrankings/indian-school-of-business/global-mba-rankings-2011#global-mba-rankings-2011|title=Global MBA rankings 2011|accessdate=2011-04-26 | author=Unknown | date=Unknown | work=Survey|publisher=Financial Times Ltd}}</ref> | |||
| ⚫ | ISB has been involved in controversies, including AICTE non-recognition, its co-founders and executive board members ]and ] both involved in the ] ] case<ref>{{cite news|url=http://economictimes.indiatimes.com/news/international-business/rajat-gupta-writes-to-isb-board-members/articleshow/7615804.cms|title=Rajat Gupta writes to ISB Board Members | work=The Times Of India}}</ref><ref>{{cite news|url=http://economictimes.indiatimes.com/news/news-by-industry/services/education/rajat-gupta-effect-panic-grips-indian-school-of-business/articleshow/7626036.cms|title=Rajat Gupta effect: Panic grips Indian School of Business | work=The Times Of India | date=2011-03-04}}</ref><ref name = "ET-kumar">{{cite news|url=http://articles.economictimes.indiatimes.com/2009-10-20/news/28406041_1_mendu-rammohan-rao-isb-ajit-rangnekar|title=Anil Kumar seeks leave of absence from ISB board | work=The Times Of India}}</ref> and dean emeritus ] involved in the ].<ref>{{cite news|url=http://articles.economictimes.indiatimes.com/2009-01-05/news/27646707_1_satyam-fiasco-mendu-rammohan-rao-isb-dean|title=ISB Dean quits from core govt committees after Satyam fiasco | work=The Times Of India}}</ref><ref>{{cite news|url=http://articles.economictimes.indiatimes.com/2009-01-08/news/27654598_1_mendu-rammohan-rao-satyam-board-b-ramalinga-raju|title=ISB dean, Maytas Infra chairman quit | work=The Times Of India}}</ref> They have all since resigned.<ref name = "ET-kumar" /><ref>http://indiatoday.intoday.in/site/Story/132979/latest-headlines/rajat-gupta-quits-as-indian-school-of-business-chairman.html</ref> | ||
| The '''Indian School of Business''' ('''ISB''') is a graduate ] and research institution in ] with campuses in ] and ]. It offers a Post Graduate Programme in Management (]-equivalent), a Fellow Program in Management (]-equivalent), as well as several ] programs. The vision of the school is “to be an internationally top-ranked, research-driven, independent management institution that grooms future leaders for India and the world.” | |||
| The Indian School of Business has been consistently ranked among the top 20 business schools in the world by ''].''<ref>{{cite web|url=http://www.isb.edu/media/UsrSiteNewsMgmt.aspx?topicid=498|title=ISB MOVES UP IN GLOBAL MBA RANKINGS – STANDS AT 15}}</ref> It is also ranked among the top business schools in ] and ] by various publications.<ref>{{cite web|url=http://www.topmba.com/mba-rankings/top-business-schools-report-2010/regions/top-business-schools-in-asia-australasia|title=Top Business Schools in Asia and Australasia}}</ref> | |||
| ⚫ | |||
| ==History and Location== | ==History and Location== | ||
| ] | ] | ||
Revision as of 19:50, 26 April 2011
 | |
| Type | Private, unaccredited |
|---|---|
| Established | 1999 (1999) |
| Chairman | Adi Godrej (since 2011) |
| Dean | Ajit Rangnekar |
| Co-Founders | Rajat Gupta and Anil Kumar |
| Academic staff | 40 Permanent Faculty ~100 Visiting Faculty |
| Postgraduates | 574 (2012) |
| Location |  Hyderabad, India Mohali, India |
| Campus | multiple |
| Website | ISB.edu |
The Indian School of Business (ISB) is a graduate business school and research institution in India with campuses in Hyderabad and Mohali. It offers a short duration Post Graduate Programme in Management (MBA-equivalent), a Fellow Program in Management (Ph.D-equivalent), as well as several executive education programs. ISB has been included in the list of those institutions that run courses violating All India Council of Technical Education (AICTE) regulations. According to ISB, AICTE does not have rules to recognize ISB's short duration programs. As of August 2010, AICTE had started approving short duration programs too. ISB was ranked #13 in the Financial Times Global MBA Rankings 2011 with the alumni recommending a rank of #28.
ISB has been involved in controversies, including AICTE non-recognition, its co-founders and executive board members Rajat Guptaand Anil Kumar both involved in the Galleon Group insider trading case and dean emeritus Mendu Rammohan Rao involved in the Satyam Scandal. They have all since resigned.
History and Location
In 1996, a group of business leaders and academicians — led by Rajat Gupta and Anil Kumar — 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 while exposed to a global perspective. The vision of the founders and executive board was to create a school that was different in many ways — with innovative academic programmes and a world-class, affordable value proposition.
The school has been called “the McKinsey brainchild” for the close involvement of McKinsey & Company in its inception: co-founders and senior partners Rajat Gupta and Anil Kumar worked closely together and directed teams of McKinsey consultants to start the school. First, the Executive Board was formed of global business leaders: Gupta recruited U.S. leaders while Kumar recruited Indian leaders. Next, the ISB established formal partnerships with international business schools: Kumar recruited Wharton, while Gupta recruited Kellogg. The London Business School followed shortly thereafter. Finally, Pramanth Sinha, then a junior partner at McKinsey, was persuaded by Gupta and Kumar to take a leave of absence from McKinsey to be the school's first dean.
Rajat Gupta became the school's first chairman; he served on the executive board with Anil Kumar until both were entangled in the Galleon insider trading case from 2009-2011. Adi Godrej succeeded Gupta as chairman in 2011.
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 an initial batch of 128 students, followed by the launch of the Executive Education Programmes. The school’s Hyderabad campus was inaugurated by the Prime Minister of India, Atal Bihari Vajpayee, in 2001. Its first graduation ceremony on June 24, 2002 was presided over by President A. P. J. Abdul Kalam.
Hyderabad Campus
ISB's Hyderabad campus is located in Gachibowli. The campus has been designed in such a way that certain parts maintain the indigenous vegetation, rock formations, and natural habitat while other parts 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.
The Academic Block is the heart of the Hyderabad campus. It consists of 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. 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 to construct 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, bookstore, bank, travel desk, doctor, and a small creche for children.
Mohali campus
ISB's Mohali campus is spread across 70 acres in Knowledge City, Mohali. It is slated to open in 2012.
The Mohali Campus will house four institutes:
- Max India Institute of Healthcare Management
- Bharti Institute of Public Policy
- BML Munjal Hero Honda Institute of Manufacturing Excellence and Innovation
- Punj Lloyd Institute of Physical Infrastructure Management
Academics
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.
Academic programs
The following programs are offered at the ISB:
Post Graduate Program in Management
The yearlong 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. Apart from ISB's core faculty, visiting faculty from associate schools such as Wharton, Kellogg, and London Business School also teach in the PGPM program. 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.
The programme offers an MBA-equivalent degree.
Fellow Program in Management
The Fellow Program in Management is a doctoral program (PhD-equivalent) in Management.
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. Fellows are required to publish their business/management research in leading journals and aid 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 doctoral degree in Computer Science, Statistics, Operational Research, etc. Selection is based on past research, statements of purpose, and recommendations as well as an on-campus presentation and interview.
Center for Executive Education
The Center for Executive Education (CEE) conducts management programmes of short- and long-term duration for middle and top management executives. Faculty for these programmes are drawn from respected executive coaches with exposure to consulting for large organizations.
The CEE offers open programmes in Marketing, Strategy and Leadership, Finance and Accounting and Operations and Technology. Along with top-notch faculty and innovative curricula these programmes provide opportunities for networking amongst the executives themselves. These programmes draw a diverse set of entrepreneurs, chief executives 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 a 4D approach to learning: Discover, Develop, Design and Deliver.
Admission
Admission to the school is highly competitive and includes applications from students with high GMAT scores and diverse professional experience. Shortlisted students are then interviewed by a panel of two or three drawn from the ISB faculty and alumni.
Course Structure and Curriculum
The academic year begins in April and is divided into eight terms of 6-7 weeks each: 4 core terms and 4 elective terms. 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 directly in a corporate environment.
Academic and Social Clubs
There are a number of student-run clubs, fourteen professional clubs ("Business Technology", "Consulting", "Emerging Markets", "Energy, Manufacturing & Operations", "Entrepreneurship & VC", "Finance", "General Management", "Healthcare", "Marketing", "Media", "Net Impact", "Real Estate", "Retail Club" & "Women in Business"), and eleven social clubs (International, Arts & Creativity, Dance, Golf, Music, Photography, Radio, Quiz, Theatre, Sports, Spouse & Family Association).
Exchange programs
The International Student Exchange Programme provides students an opportunity to spend two semesters in one of the ISB's 20 exchange partner schools abroad. Partner schools include Queen's School of Business, 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.
The ISB together with the Wharton 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 business 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. Regular recruiters include Google, McKinsey & Co, Goldman Sachs, Boston Consulting Group, Microsoft, Deutsche Bank, HDFC Bank, British Petroleum, Pepsico, 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, Novartis, 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.
Research
ISB has a small but growing group of research faculty. The research output at ISB has been the highest among Indian institutions in the area of management in the period 2000-2009.
ISB has seven Centers of Excellence, each with a particular focus on issues relevant to emerging markets:
- 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)
- Centre for Teaching, Learning and Case Development
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.
Seminars and Conferences
The First International Conference on Igniting the Genius Within, organised by the Centre for Leadership, Innovation, and Change (CLIC). at the ISB, offered participants a unique opportunity to experience the confluence of three themes - Leadership, Innovation and Change.
In addition, many conferences are organized on topics such as private equity and strategic management. This showcases ISB's high exposure and leverage upon both Industry and academia.
Alumni Reunions
Reunions happen at important business hubs in India, and some chapters like the New Delhi and the Mumbai chapter are active in organising meets. School representatives are sometimes present at these meets.
Solstice
Solstice is the ISB’s annual flagship Alumni reunion event. Spread over three days, this event marks the homecoming of ISB Alumni from the world over with professional speaker events, networking events, alumni showcases, guest performances, musical concerts, fun activities, parties and a whole lot more.
Rankings and Reputation
In 2011, ISB's ranking dropped to #13 from #12 in 2011 according to The Financial Times. It debuted the rankings list at #20 in 2008 and had moved up to #15 by 2009. In the 2009 QS Global 200 Business Schools Report the school was ranked 13th in the Asia Pacific region.
ISB is the first Indian institution to be ranked globally among business schools, notably ranking in the top twenty business schools worldwide in its first year of inclusion.
ISB maintains close alliances with The Wharton School, Kellogg School of Management, London Business School, and MIT Sloan School of Management. It is a member of the Global Business School Network and the Top Asia Business School alliance.
Controversy
Founders and dean
The institution’s co-founders and dean has been involved in three notable controversies in their parallel careers. These, in chronological order, are:
- Dean Mendu Rammohan Rao resigned over role in Satyam case
- Co-founder and executive board director Anil Kumar resigned over role in Galleon case
- Co-founder and chairman Rajat Gupta resigned over role in Galleon case
AICTE regulations
ISB has been included in the list of those institutions that run courses violating All India Council of Technical Education (AICTE) regulations. According to ISB, AICTE does not have rules to recognize ISB's short duration programs. As of August 2010, AICTE had started approving short duration programs too.
References
- ^ Press Trust of India (April 29, 2010). "200 unapproved institutions, 21 fake universities identified". News report. Zee News Limited. Retrieved 2011-04-26. Cite error: The named reference "Zee1" was defined multiple times with different content (see the help page).
- ^ Rishi Joshi (May 4, 2008). "AICTE - time to revamp". News report. Living Media India Ltd. Retrieved 2011-04-26. Cite error: The named reference "BusinessToday1" was defined multiple times with different content (see the help page).
- ^ Dibyajyoti Chatterjee, ET Bureau (August 11, 2010). "Great Lakes' 1-yr mgmt course gets AICTE nod". News report. Bennett, Coleman & Co. Ltd. Retrieved 2011-04-26. Cite error: The named reference "ET1" was defined multiple times with different content (see the help page).
- Unknown (Unknown). "Global MBA rankings 2011". Survey. Financial Times Ltd. Retrieved 2011-04-26.
{{cite web}}: Check date values in:|date=(help) - "Rajat Gupta writes to ISB Board Members". The Times Of India.
- "Rajat Gupta effect: Panic grips Indian School of Business". The Times Of India. 2011-03-04.
- ^ "Anil Kumar seeks leave of absence from ISB board". The Times Of India.
- "ISB Dean quits from core govt committees after Satyam fiasco". The Times Of India.
- "ISB dean, Maytas Infra chairman quit". The Times Of India.
- http://indiatoday.intoday.in/site/Story/132979/latest-headlines/rajat-gupta-quits-as-indian-school-of-business-chairman.html
- "History of Indian School of business". December 20, 1999.
- http://www.consultingnetwork.co.in/isb-the-mckinsey-way/784/
- http://www.isb.edu/knowisb/PramathSinha.Shtml
- "Adi Godrej elected ISB chairman". Business Line. Retrieved 25 April 2011.
- "ISB Learning Resource Centre".
- The Times Of India http://timesofindia.indiatimes.com/city/chandigarh/ISB-Mohali-to-be-functional-from-2012/articleshow/4090405.cms.
{{cite news}}: Missing or empty|title=(help) - "Management Research Rankings of Indian Schools" (PDF).
- "ISB Centres of Excellence".
- "Centre for Leadership, Innovation and Change".
- "Business School Rankings".
- "QS Global 200 Business Schools Report 2009 North America".
- (Source: http://rankings.ft.com/businessschoolrankings/global-mba-rankings)
- "ISB associate schools list".
- The Times Of India http://economictimes.indiatimes.com/news/news-by-industry/services/education/isb-appoints-new-dean-as-rao-resigns/articleshow/3953121.cms.
{{cite news}}: Missing or empty|title=(help) - "Rammohan Rao resigns as ISB Dean". The Hindu. Chennai, India. 2009-01-09.
- "Rammohan Rao quits as ISB dean".
- "Left calls for Satyam's Rammohan Rao's head".
- "Sebi to probe if Satyam, ISB violated corp governance norms".
- The Times Of India http://articles.economictimes.indiatimes.com/2009-10-20/news/28406041_1_mendu-rammohan-rao-isb-ajit-rangnekar.
{{cite news}}: Missing or empty|title=(help) - http://www.business-standard.com/india/news/isb-asks-kumar-to-step-down-voluntarily/373604/
- http://www.moneycontrol.com/news/cnbc-tv18-comments/galleon-accused-mr-anil-kumar-quits-isb-board_435035.html
- http://ibnlive.in.com/news/rajat-gupta-resigns-as-isb-chairman/146618-7.html
- "Rajat Gupta most important bizman to be charged with SEC laws?". The Times Of India. 2011-03-03.
- "Rajat Gupta episode: How will it impact mighty McKinsey?". The Times Of India.
- "Rajat Gupta may be asked to quit EMRI".
- "Will insider trading charges against ex-McKinsey head Rajat Gupta slur India story?". The Times Of India.
- "ISB immune to scandals, brand still safe".
- "Rajat Gupta quits at ISB chairman".
External links
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