CleanupBot II at 01:13, 14 August 2023

2023-08-14T01:13:01Z

New page

{{Short description|Private business school in Hyderabad}}
{{Use Indian English|date=July 2015}}
{{Use dmy dates|date=October 2020}}
{{Infobox university
|name = Indian School of Business
|image_alt = Logo of the Indian School of Business
|caption =
|founders = [[Rajat Gupta]]<br />[[Anil Kumar]]
|established = {{Start date and age|df=yes|paren=yes|2001}}
|type = [[Private school|Private]] [[business school]]
|chairman = [[Harish Manwani]]<ref>{{cite news|url=https://www.business-standard.com/article/news-ians/harish-manwani-is-new-chairman-of-isb-118011901533_1.html|title=Harish Manwani is new Chairman of ISB|publisher=Business Standard, 11:42pm IST|newspaper=Business Standard India|date=19 January 2018|access-date=14 January 2019}}</ref>
|dean = Madan Pillutla
|academic_staff = 65 permanent, 104 visiting<ref name="VF">{{cite web|url=https://www.isb.edu/faculty-research/faculty/directory|title=Faculty|publisher=Indian School of (ISB)|website=Isb.edu|date=12 July 2013|access-date=19 September 2018}}</ref>
|city = [[Hyderabad]] (from 2001) and [[Mohali]] (from 2012)
|country = [[India]]
|campus = [[Urban area|Urban]], {{convert|260|acre|ha|1}}
|colours = {{colour box|SkyBlue}} Sky blue
|accreditation = [[Association to Advance Collegiate Schools of Business|AACSB]],<ref>{{cite web|url=https://datadirect.aacsb.edu/public/profiles/profile.cfm?interstitialComplete=1&runReport=1&unitid=55665&userType=All|title=ISB DataDirect in AACSB |website=aacsb.edu}}</ref> [[EQUIS]],<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/services/education/isb-gets-equis-accreditation-reaccreditation-from-aacsb/articleshow/58030944.cms|title=ISB gets EQUIS accreditation; reaccreditation from AACSB|last=Basu|first=Sreeradha|date=5 April 2017|work=[[The Economic Times]]|access-date=9 February 2019|archive-url=https://archive.today/20190209181308/https://economictimes.indiatimes.com/industry/services/education/isb-gets-equis-accreditation-reaccreditation-from-aacsb/articleshow/58030944.cms|archive-date=9 February 2019|language=English|url-status=live}}</ref> [[Association of MBAs|AMBA]]<ref name=":0" />
|website = {{URL|http://www.isb.edu|isb.edu}}
|image_name = Indian_School_of_Business,_Hyderabad_Logo.png
}}

The '''Indian School of Business''' ('''ISB''') is a [[Private school|private]] [[business school]] established in India in 2001. It has two parallel campuses in India, in [[Hyderabad]] ([[Telangana]]) and [[Mohali]] ([[Punjab, India|Punjab]]). It offers certificates in various [[post-graduate]] management programs.<ref>{{Cite book|title=Indian School of Business}}</ref> ISB became the 100th [[Triple accreditation|Triple Accredited]] business school in the world ([[Association of MBAs|AMBA]], [[EQUIS]], [[Association to Advance Collegiate Schools of Business|AACSB]]) upon achieving AMBA accreditation on 12 May 2020.<ref name=":0" />

ISB is currently the highest ranked business school from India in [[Forbes]], [[Financial Times]], [[The_Economist|Economist]], Poets&Quants and [[Bloomberg_Businessweek|Bloomberg Businesssweek]] Global MBA Rankings<ref>{{Cite web|title=Which MBA? {{!}} The Economist|url=https://whichmba.economist.com/ranking/full-time-mba|access-date=2021-07-26|website=whichmba.economist.com|language=en}}</ref><ref>{{Cite web|url=https://rankings.ft.com/rankings/2859|access-date=2021-07-26|website=rankings.ft.com}}</ref><ref>{{Cite web|title=Best International MBAs: One-Year Programs|url=https://www.forbes.com/business-schools/list/international-1-year/|access-date=2021-07-26|website=Forbes|language=en}}</ref><ref>{{Cite web|url=https://poetsandquants.com/2019/12/29/insead-claims-first-for-fifth-time-in-a-row-in-poetsquants-2019-2020-international-mba-ranking/4/|title=INSEAD Claims First for Fifth Time in a Row|date=30 December 2019}}</ref>

==History==
The Indian School of Business (ISB) was started in 1996 by a group 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 School of the University of Pennsylvania|Wharton]] and [[Kellogg School of Management|Kellogg]].<ref>[http://www.consultingnetwork.co.in/isb-the-mckinsey-way/784/ ISB – The Mckinsey Brainchild] {{Webarchive|url=https://web.archive.org/web/20110514161942/http://www.consultingnetwork.co.in/isb-the-mckinsey-way/784/ |date=14 May 2011 }}. Consulting Network (15 May 2009). Retrieved on 18 July 2013.</ref> 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 Chief Minister of Andhra Pradesh Sri Nara Chandra Babu Naidu Plays an important role for establishment of ISB in Hydearbad. The foundation stone for the campus was laid in 1999 and was inaugurated by [[Prime Minister of India|Prime Minister]] [[Atal Bihari Vajpayee]] in 2001.<ref>[http://www.thehindubusinessline.in/2001/12/03/stories/140377mm.htm Resource management need of the hour: PM], Hindu Business Line, HYDERABAD, 3 December 2001. Retrieved 19 September 2018.</ref> The [[Government of Punjab, India|Government of Punjab]] sanctioned the Mohali Campus in 2010; its foundation stone was laid in September 2010 by Punjab Chief Minister [[Parkash Singh Badal|Prakash Singh Badal]],<ref>{{cite news|url=http://twocircles.net/2010aug11/foundation_stone_isbs_second_campus_mohali_laid.html#.WDvNBrJ97IV|title=Foundation stone of ISB's second campus in Mohali laid|agency=IANS|date=11 August 2010|access-date=19 September 2018}}</ref> and was inaugurated in December 2012 by the then [[Minister of Finance (India)|Union Minister of Finance]], [[P. Chidambaram]].<ref>{{Cite news|url=https://www.thehindubusinessline.com/news/education/ISB-opens-campus-in-Mohali/article20534656.ece|title=ISB opens campus in Mohali|date=3 December 2012|work=[[Business Line]]|access-date=29 January 2019|archive-url=https://archive.today/20190129133627/https://www.thehindubusinessline.com/news/education/ISB-opens-campus-in-Mohali/article20534656.ece|archive-date=29 January 2019|url-status=live}}</ref><ref>{{Cite web |url=http://events.isb.edu/MohaliCampusInauguration/ |title=Archived copy |access-date=28 November 2016 |archive-url=https://web.archive.org/web/20130530230718/http://events.isb.edu/MohaliCampusInauguration/ |archive-date=30 May 2013 |url-status=dead }}</ref>

==Campuses==
{{multiple image|perrow = 1
| direction=vertical
| image1 = 04 isb.jpg
|alt1=
| image2 = ISB's Mohali Campus.jpg
|alt2=
| footer = ISB's Hyderabad campus (top) and Mohali campus (bottom)
}}
The Indian School of Business has two parallel campuses in [[Mohali]], [[Punjab, India|Punjab]]; and [[Hyderabad]], [[Telangana]].

===Hyderabad campus===
It is the older campus and was designed by [[Vikram Lall]] and established in 2001 and is spread across {{convert|260|acre}}.<ref>{{cite news|url=https://timesofindia.indiatimes.com/business/india-business/Chanda-Kochhar-on-board-of-ISB/articleshow/5434643.cms|title=Chanda Kochhar on board of ISB|author=Swati Bharadwaj-Chand|work=The Times of India|agency=TNN|date=12 January 2010|access-date=19 September 2018}}</ref> It includes the academic centre, a recreation centre, and four student villages each accommodating 130 to 210 students.<ref>{{cite web|url=http://www.isb.edu/pgp/campuses/hyderabad|title=ISB Hyderabad Campus|access-date=19 September 2018}}</ref>

The Hyderabad campus is certified by the Indian green building council.<ref>{{cite web |title=IGBC – Smart Cities & Green Building Concept in India |url=https://igbc.in/igbc/ |website=igbc.in}}</ref>

===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:<ref>{{cite news|url=https://economictimes.indiatimes.com/jobs/wharton-business-school-to-expand-presence-in-india/articleshow/7870141.cms|title=Wharton business school to expand presence in India|author=Saumya Bhattacharya|work=The Economic Times|publisher=Economic Times Bureau|date=5 April 2011|access-date=19 September 2018}}</ref>
*Max Institute of Healthcare Management
*Bharti Institute of Public Policy
*Munjal Institute for Global Manufacturing
*Punj Lloyd Institute of Infrastructure Management

==Academics==
===Accreditation===
ISB is accredited by [[Association of MBAs|AMBA]], [[EQUIS]] and [[Association to Advance Collegiate Schools of Business|AACSB]].<ref>[http://articles.economictimes.indiatimes.com/2011-12-02/news/30468131_1_accreditation-isb-dean-ajit-rangnekarIndian School of Business gets AACSB accreditation], Economic Times, PTI 2 December 2011, 08.50pm IST</ref><ref>{{cite web|url=https://www.aacsb.edu/about|title=About AACSB|publisher=Association to Advance Collegiate Schools of Business|access-date=19 September 2018}}</ref> ISB became the 100th [[Triple accreditation|Triple Accredited]] institution in the world upon achieving [[Association of MBAs|AMBA]] accreditation on 12 May 2020.<ref name=":0">{{Cite news|last=Biswas|first=Preeti|date=May 13, 2020|title=ISB is 100th business school in the world to receive 'Triple Crown' accreditation|work=The Times of India|url=https://timesofindia.indiatimes.com/home/education/news/isb-is-100th-business-school-in-the-world-to-receive-triple-crown-accreditation/articleshow/75717746.cms|url-status=live|access-date=January 11, 2021}}</ref>

ISB is not accredited by the [[All India Council for Technical Education]] (AICTE)<ref>{{cite news|author=M. Ramya|url=https://timesofindia.indiatimes.com/home/education/news/ISB-on-the-list-of-institutes-unapproved-by-AICTE/articleshow/17151176.cms|title=ISB on the list of institutes unapproved by AICTE|date=9 November 2012|work=[[The Times of India]]|agency=TNN|access-date=19 September 2018}}</ref> and has not applied for such accreditation, as it offers a certificate program and not a degree or a diploma.<ref>{{cite web|url=https://www.isb.edu/faqs/pgp#pgp-faq-60|title=ISB PGP is not recognised by AICTE|publisher=Indian School of Business|access-date=19 September 2018}}</ref> The [[US Citizenship and Immigration Services]] (USCIS) has ruled that for the purposes of [[Visa policy of the United States|US Visa]] and [[Permanent residence (United States)|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]].<ref>{{cite web|url=https://www.uscis.gov/sites/default/files/err/B5%20-%20Members%20of%20the%20Professions%20holding%20Advanced%20Degrees%20or%20Aliens%20of%20Exceptional%20Ability/Decisions_Issued_in_2011/Oct042011_02B5203.pdf|title=USCIS ruling on petition on ISB PGP equivalence|date=4 October 2011|publisher=United States Citizenship and Immigration Services|access-date=19 September 2018}}</ref>

===Programmes<span id="programs"></span>===
[[File:Graduation ceremony with Azim Premji.JPG|thumb|Student receiving academic degree from [[Azim Premji]] during convocation, 2014. ISB Chairman [[Adi Godrej]] is in background.]]

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".<ref>{{cite news|url=https://www.business-standard.com/article/sme/goldman-sachs-isb-mentor-women-entrepreneurs-112082800062_1.html|title=Goldman Sachs, ISB mentor women entrepreneurs|work=[[Business Standard]]|author=Komal Amit Gera|location=[[Chandigarh]]|date=28 August 2012|access-date=19 September 2018}}</ref>

====Young Leaders' Programme====
The Young Leaders' Programme (YLP)<ref>{{cite web|url=https://www.pagalguy.com/articles/admission-process-and-courses-indian-school-of-business|title=Admission Process and Courses @ Indian School of Business|website=PaGaLGuY|date=10 April 2019}}</ref> select undergraduate students for mentoring over a period of two years while they work. These individuals are also awarded a scholarship of {{INR|link=yes}}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.<ref>{{cite web|url=https://www.pagalguy.com/articles/isb-hyderabad-pgpm-along-with-young-leaders-programme-admission-process|title=ISB Hyderabad – Young leaders Programme Admission Process|website=PaGaLGuY|date=25 March 2019}}</ref>

YLP at Hyderabad includes integrated budgetary system (IBS), integrated financing system (IFS), management information service (MIS) marketing, and management control system (MCS).<ref>{{cite news|url=https://www.business-standard.com/article/management/isb-launches-young-leaders-programme-111010600017_1.html|title=ISB launches young leaders' programme|work=Business Standard|location=[[Chennai]]/[[Hyderabad]]|date=6 January 2011|access-date=19 September 2018}}</ref>

====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.<ref>{{cite web|url=http://www.isb.edu/sites/default/files/MPPP-class-profile-batch1-2015.pdf |title=Profile |date=2016 |website=isb.edu|access-date=2019-05-13}}</ref>

====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.<ref>{{cite web|url=http://www.isb.edu/Policy-Conclave/about |date=2020 |website=isb.edu/Policy-Conclave/about |format=website}}</ref>

===''ISBInsight''===
''[[ISBInsight]]'' (stylized ISB''Insight'') is the biannual research periodical of ISB, featuring articles based on management research from Indian and emerging markets.<ref>{{cite web|url=http://isbinsight.isb.edu/about-us/|title=ISBInsight|website=ISBInsight|language=English|access-date=2018-09-25}}</ref> 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.<ref>{{Cite news|url=http://blog.juggernaut.in/juggernaut-books-announces-partnership-with-isbinsight/|title=Juggernaut Books announces partnership with ISBInsight – the lowdown|last=Books|first=Juggernaut|date=2018-08-17|work=the lowdown|access-date=2018-09-25|language=English}}</ref><ref>{{cite web|url=http://www.forbesindia.com/thought-leadership/isbinsight/952/1|title=ISBInsight : Thought Leadership : Forbes India Magazine|website=Forbes India|language=English|access-date=2018-09-25}}</ref><ref>{{cite web|url=https://www.glunis.com/IN/Hyderabad/1851419775174062/ISB-Insights|title=ISB Insights, Hyderabad 2018|website=glunis.com|language=en|access-date=2018-09-25}}</ref>

==Rankings==
{{Infobox India university ranking
| type=Institute
| FT_MBA_2020 = 28
}}

Worldwide, the ''[[Financial Times]]'' has ranked ISB {{abbr|No.|number}} 32 (No.1 from India) in its Global MBA Ranking 2022 .<ref name=Rankings_FT_MBA_2020/><ref name="Rankings">{{cite web |last1=Times |first1=Financial |title=FT MBA Rankings 2021 |url=http://rankings.ft.com/businessschoolrankings/indian-school-of-business |website=Financial Times |publisher=Financial Times}}</ref>
ISB is ranked seventh globally (No.1 from India) in the [[Forbes]] Best Business Schools 2019 rankings<ref>{{Cite news|url=https://www.indiatoday.in/education-today/news/story/india-s-isb-ranks-7th-under-forbes-best-business-school-2019-list-globally-1600722-2019-09-19|title=India's ISB ranks 7th under Forbes' 'Best Business School 2019' list globally|date=18 September 2019|work=India Today|access-date=19 September 2019}}</ref>
ISB is ranked 44th Globally (No.1 from India) in the [[The_Economist|Economist]] Global MBA rankings <ref>{{Cite web|url=https://whichmba.economist.com/ranking/full-time-mba/2021/indian-school-of-business|title = Indian School of Business | Full-time MBA 2021 | Which MBA? | the Economist}}</ref>
Poets and Quants ranks ISB as the 17th best business school (No.1 from India) outside the US<ref>{{Cite web|url=https://poetsandquants.com/2019/12/29/insead-claims-first-for-fifth-time-in-a-row-in-poetsquants-2019-2020-international-mba-ranking/4/|title=INSEAD Claims First for Fifth Time in a Row|date=30 December 2019}}</ref> It is ranked fifth in the Asia Pacific region (No.1 in India) by [[Bloomberg Businessweek]]'s global rankings for best business schools.<ref>{{Cite web|date=2021-09-16|title=ISB, IIM-Bangalore in top 10 Asia-Pacific varsities: Bloomberg Best B-Schools MBA ranking 2021|url=https://indianexpress.com/article/education/bloomberg-best-b-schools-mba-ranking-2021-isb-iim-bangalore-in-top-10-asia-pacific-varsities-7510884/|access-date=2021-09-17|website=The Indian Express|language=en}}</ref>

==Notable alumni==
===Business===
*[[Bijai Jayarajan]], Founder, Loylty Rewardz <ref>{{cite news |last1=Sharma |first1=Milan |title=How Bijaei Jayaraj revived his defunct company Loylty Rewardz through VC funding |url=https://economictimes.indiatimes.com/small-biz/entrepreneurship/how-bijaei-jayaraj-revived-his-defunct-company-loylty-rewardz-through-vc-funding/articleshow/17347431.cms?from=mdr |publisher=[[The Economic Times]]|date=26 November 2012}}</ref>
*Aman Gupta, CEO & Co-founder, Boat.
*[[Nipun_Malhotra_(social_entrepreneur)|Nipun Malhotra]], Founder, Nipman Foundation <ref>{{Cite news |title=A little goes a long way|url=https://www.indiatoday.in/magazine/supplement/story/20141013-a-little-goes-a-long-way-805460-2014-10-04|work=India Today|date=4 October 2014}}</ref>

===Arts and entertainment===
*[[Shilpa Singh]], Miss Universe India 2012
*[[Runki Goswami]], Indian Classical singer and composer<ref>{{Cite web|last=Mehta|first=Ayushi|date=2017-06-06|title=MS. RUNKI GOSWAMI|url=https://thenewhunt.in/ms-runki-goswami/|url-status=live|archive-url=https://web.archive.org/web/20170828093451/https://thenewhunt.in/ms-runki-goswami/|archive-date=2018-08-28|access-date=2021-11-29|website=The New Hunt|language=en-US}}</ref>
*[[Namrata Brar]], Indian-American journalist
*[[Shvetha Jaishankar]] (MBA 04), Journalist and Author <ref>{{cite news | url=https://timesofindia.indiatimes.com/hyderabad-times/This-model-means-business/articleshow/174741.cms | newspaper=The Times of India | title=This Model Means Business | date=10 September 2003 | first=Revathy | last=Menon | access-date=18 October 2018 }}</ref>
*[[Ravinder_Singh_(author)|Ravinder Singh]], Author <ref>{{cite news|url=https://www.business-standard.com/article/pti-stories/author-ravinder-singh-s-new-book-attempts-augmented-reality-116081200782_1.html|title=Author Ravinder Singh's new book|work=businessstandard.com|date=12 August 2016}}</ref>

===Sports===
*[[Anshul Kothari]], Indian swimming team <ref>{{Cite news | url=https://www.forbesindia.com/article/sports-special/family-value-support-system-of-sportspersons/53683/1|title=Family value|date=2019-05-25|work=forbesindia.com|access-date=2019-05-25}}</ref>

*[[Viren Rasquinha]] (MBA 09) - Former Indian Hockey Captain <ref>{{Cite web|url=https://www.businesstoday.in/magazine/cover-story/young-indian-business-leaders-viren-rasquinha/story/15084.html|title=Olympian Quest|date=2011-05-15|work=businesstoday.in|access-date=2021-09-21}}</ref>

==See also==

* [[List of business schools in Hyderabad, India]]

==References==
{{Reflist|40em}}

==External links==
* {{Official website}}

{{Triple accreditation}}
{{Hyderabad topics}}
{{Authority control}}

{{DEFAULTSORT:Indian School Of Business}}
[[Category:Indian School of Business]]
[[Category:2001 establishments in Andhra Pradesh]]
[[Category:Research institutes in Punjab, India]]
[[Category:Education in Mohali]]
[[Category:Educational institutions established in 2001]]
[[Category:2012 establishments in Punjab, India]]

Indian School of Business - Revision history

CleanupBot II at 01:13, 14 August 2023