Indian School of Business
| Indian School of Business | |
|---|---|
 |
|
| Established | 1999 |
| Type | Private |
| Chairman | Adi Godrej |
| Dean | Ajit Rangnekar |
| Co-Founders | Rajat Gupta and Anil Kumar |
| Academic staff | 40 Permanent Faculty ~100 Visiting Faculty |
| Postgraduates | 574 (2012) |
| Location | Hyderabad, Andhra Pradesh, India 17°21′58″N 78°28′34″E / 17.366°N 78.476°ECoordinates: 17°21′58″N 78°28′34″E / 17.366°N 78.476°E |
| Campus | Urban |
| Nickname | ISB |
| Website | ISB.edu |
The Indian School of Business is a business school in Hyderabad, India. It offers a Post Graduate Programme in Management (MBA-equivalent), a Fellow Program in Management, and a Post Graduate Programme in Management for Senior Executives (executive education). The school is a public-private partnership founded by two senior executives of McKinsey and Company and governed by a board of national and international business leaders.
The school's MBA-equivalent program was ranked #20 in the world in the 2012 Financial Times Global MBA Rankings.[1] The school is notable for being the first Indian institution and youngest institution ever to be considered a top global business school by the Financial Times, ranking among the top 20 worldwide seven years after opening.[2][3]
ISB has also been involved in controversies, including its co-founders and executive board members Rajat Gupta and Anil Kumar involved in the Galleon Group insider trading case,[4][5][6] as well as dean emeritus Mendu Rammohan Rao and board member Ramalinga Raju involved in the Satyam Scandal.[7][8] They have all since resigned.[6][9]
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[edit] History
ISB was started in 1996 by a group of business leaders and academicians led by McKinsey & Company senior executives Rajat Gupta and Anil Kumar.
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 national and international 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.[10] The London Business School followed shortly thereafter. Finally, Pramanth Sinha, then a junior partner at McKinsey in India, was persuaded by Gupta and Kumar to take a leave of absence from McKinsey to be the school's first dean.[11][12]
Rajat Gupta became the school's first chairman; he served on the executive board with Anil Kumar until both resigned in the Galleon insider trading investigation from 2009-2011. Adi Godrej succeeded Gupta as chairman in 2011.[13]
The foundation stone for the campus was laid in Hyderabad in 1999. The Post Graduate Programme was launched in 2001 with an initial batch of 128 students, followed by the executive education programmes. The school’s Hyderabad campus was inaugurated by Prime Minister of India Atal Bihari Vajpayee in 2001. Its first graduation ceremony was held on June 24, 2002 and was presided over by President A. P. J. Abdul Kalam.[12]
[edit] Campus
ISB's Hyderabad campus is located in Gachibowli. According to ISB, the campus contains indigenous vegetation, rock formations, lawns, boulevards, and gardens. The campus consists of lecture halls, the auditorium, library, professors' rooms, administrative offices, auditorium and the cafeteria. ISB says that all lecture halls have AV equipment and network connectivity, the auditorium seats 400 people, and 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. ISB students have housekeeping services.[15]
ISB's Mohali campus is set to open in 2012.[16]
The Mohali campus will house four institutes:
- Max Institute of Healthcare Management
- Bharti Institute of Public Policy
- Munjal Global Manufacturing Institute
- Punj Lloyd Institute of Physical Infrastructure Management
[edit] Research
ISB has a small group of research faculty.[citation needed] According to a London Business School paper, the research output at ISB has been the highest among Indian institutions in the area of management in the period 2000-2009.[17] The school 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
According to the ISB, 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.[18]
[edit] Rankings
In 2012, ISB's Financial Times global ranking was #20.[19] In 2011, ISB's Financial Times global ranking was #13.[20] In 2010, ISB's Financial Times global ranking was #12.[21]
In 2010 QS Global 200 Business Schools Report[22] the school was ranked 9th in the Asia Pacific region.
[edit] Partnerships
ISB has academic associations with the Kellogg School of Management, Wharton School, London Business School, the Fletcher School, and the MIT Sloan School of Management. Kellogg and Wharton were the founding partner schools. These schools help design the curriculum and develop course material, participate in research and share faculty for the PGP, PGPMAX and Executive Education programmes.
The ISB also announced that dean Ajit Rangnekar was appointed as a member of the Board of Directors of the Graduate Management Admission Council (GMAC), an association of top graduate business schools around the world.[23]
On December 2 2011, ISB announced its accreditation by the Association to Advance Collegiate Schools of Business, making it the first business school in South Asia to be recognized by the global body. [24]
[edit] Controversy
[edit] Founders and dean
The institution’s co-founders, dean, and board members have been involved in several controversies in their respective careers. These, in chronological order, are:
- Board member Byrraju Ramalinga Raju resigned over role in Satyam case[25]
- Dean Mendu Rammohan Rao resigned over role in Satyam case[26][27][28][29][30]
- Co-founder and executive board director Anil Kumar resigned over role in Galleon case[31][32][33]
- Co-founder and chairman Rajat Gupta resigned over role in Galleon case[34][35][36][37][38][39][40]
[edit] AICTE regulations
None of ISB's programmes are approved by AICTE, the central accreditation body in India[41] According to ISB, AICTE does not have rules to recognize ISB's short duration programs.[42] As of currently, AICTE approves short duration programs as well.[43]
[edit] References
- ^ Unknown (Unknown). "Global MBA rankings 2011". Survey. Financial Times Ltd. http://rankings.ft.com/businessschoolrankings/indian-school-of-business/global-mba-rankings-2011#global-mba-rankings-2011. Retrieved 2011-04-26.
- ^ http://rankings.ft.com/businessschoolrankings/indian-school-of-business/global-mba-rankings-2008
- ^ http://www.isb.edu/media/UsrNewsMgmt.aspx?topicID=163
- ^ "Rajat Gupta writes to ISB Board Members". The Times Of India. http://economictimes.indiatimes.com/news/international-business/rajat-gupta-writes-to-isb-board-members/articleshow/7615804.cms.
- ^ "Rajat Gupta effect: Panic grips Indian School of Business". The Times Of India. 2011-03-04. http://economictimes.indiatimes.com/news/news-by-industry/services/education/rajat-gupta-effect-panic-grips-indian-school-of-business/articleshow/7626036.cms.
- ^ a b "Anil Kumar seeks leave of absence from ISB board". The Times Of India. http://articles.economictimes.indiatimes.com/2009-10-20/news/28406041_1_mendu-rammohan-rao-isb-ajit-rangnekar.
- ^ "ISB Dean quits from core govt committees after Satyam fiasco". The Times Of India. http://articles.economictimes.indiatimes.com/2009-01-05/news/27646707_1_satyam-fiasco-mendu-rammohan-rao-isb-dean.
- ^ "ISB dean, Maytas Infra chairman quit". The Times Of India. http://articles.economictimes.indiatimes.com/2009-01-08/news/27654598_1_mendu-rammohan-rao-satyam-board-b-ramalinga-raju.
- ^ http://indiatoday.intoday.in/site/Story/132979/latest-headlines/rajat-gupta-quits-as-indian-school-of-business-chairman.html
- ^ http://www.consultingnetwork.co.in/isb-the-mckinsey-way/784/
- ^ http://www.isb.edu/knowisb/PramathSinha.Shtml
- ^ a b http://business.outlookindia.com/article.aspx?102115
- ^ "Adi Godrej elected ISB chairman". Business Line. http://www.thehindubusinessline.com/industry-and-economy/article1594504.ece. Retrieved 25 April 2011.
- ^ http://www.isb.edu/Campustour/academic_centre.html
- ^ "ISB Learning Resource Centre". http://www.isb.edu/lrc/.
- ^ "ISB Mohali to be functional from 2012". The Times Of India. http://timesofindia.indiatimes.com/city/chandigarh/ISB-Mohali-to-be-functional-from-2012/articleshow/4090405.cms.
- ^ "Management Research Rankings of Indian Schools". http://www.london.edu/assets/documents/facultyandresearch/Management_Research_Rankings_of_Indian_Schools.pdf.
- ^ "ISB Centres of Excellence". http://www.isb.edu/intermediatepages/Centres_of_Excellence.shtml.
- ^ "Business School Rankings". http://rankings.ft.com/businessschoolrankings/global-mba-rankings-2012.
- ^ "Business School Rankings". http://rankings.ft.com/businessschoolrankings/global-mba-rankings-2011.
- ^ "Business School Rankings". http://rankings.ft.com/businessschoolrankings/global-mba-rankings-2010.
- ^ "QS Global 200 Business Schools Report 2010 Asia Pacific region". http://www.topmba.com/mba-rankings/global-200/2010/region/asia.
- ^ http://www.educationtimes.com/educationTimes/CMSD/News-Room/1/2011092720110927175159570c63acf6c/Wheel-of-Change.html
- ^ Business Standard, Dec 05, 2011. (http://www.business-standard.com/india/news/isb-becomes-first-b-school-in-south-asia-to-get-aacsb-accreditation/457546/) and AACSB Website (http://www.aacsb.edu/accreditation/new-accred.asp)
- ^ http://www.coolavenues.com/news-wire/b-school-news/rajat-gupta-offers-resign-isbs-chairman
- ^ "ISB appoints new dean, as Rao resigns". The Times Of India. http://economictimes.indiatimes.com/news/news-by-industry/services/education/isb-appoints-new-dean-as-rao-resigns/articleshow/3953121.cms.
- ^ "Rammohan Rao resigns as ISB Dean". The Hindu (Chennai, India). 2009-01-09. http://www.hindu.com/2009/01/09/stories/2009010959221700.htm.
- ^ "Rammohan Rao quits as ISB dean". http://www.indianexpress.com/news/rammohan-rao-quits-as-isb-dean/408567/.
- ^ "Left calls for Satyam's Rammohan Rao's head". http://www.moneycontrol.com/news/business/left-calls-for-satyams-rammohan-raos-head_372805.html.
- ^ "Sebi to probe if Satyam, ISB violated corp governance norms". http://www.moneycontrol.com/news/business/sebi-to-probe-if-satyam-isb-violated-corp-governance-norms_374861.html.
- ^ "Anil Kumar seeks leave of absence from ISB board". The Times Of India. http://articles.economictimes.indiatimes.com/2009-10-20/news/28406041_1_mendu-rammohan-rao-isb-ajit-rangnekar.
- ^ 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. http://economictimes.indiatimes.com/news/international-business/rajat-gupta-most-important-bizman-to-be-charged-with-sec-laws/articleshow/7617308.cms.
- ^ "Rajat Gupta episode: How will it impact mighty McKinsey?". The Times Of India. http://economictimes.indiatimes.com/news/international-business/rajat-gupta-episode-how-will-it-impact-mighty-mckinsey/articleshow/7625599.cms.[dead link]
- ^ "Rajat Gupta may be asked to quit EMRI". http://economictimes.indiatimes.com/news/international-business/rajat-gupta-may-be-asked-to-quit-emri/articleshow/7623859.cms.[dead link]
- ^ "Will insider trading charges against ex-McKinsey head Rajat Gupta slur India story?". The Times Of India. http://economictimes.indiatimes.com/news/international-business/will-insider-trading-charges-against-ex-mckinsey-head-rajat-gupta-slur-india-story/articleshow/7616476.cms.
- ^ "ISB immune to scandals, brand still safe". http://www.moneycontrol.com/news/cnbc-tv18-comments/isb-immune-to-scandals-brand-still-safe_528301.html.
- ^ "Rajat Gupta quits at ISB chairman". http://www.financialexpress.com/news/Rajat-Gupta-quits-as-ISB-chairman-amid-SEC-charges/759067/.
- ^ Press Trust of India (April 29, 2010). "200 unapproved institutions, 21 fake universities identified". News report. Zee News Limited. http://www.zeenews.com/news622722.html. Retrieved 2011-04-26.
- ^ Rishi Joshi (May 4, 2008). "AICTE - time to revamp". News report. Living Media India Ltd. http://businesstoday.intoday.in/story/aicte--time-to-revamp/1/2013.html. Retrieved 2011-04-26.
- ^ Dibyajyoti Chatterjee, ET Bureau (August 11, 2010). "Great Lakes' 1-yr mgmt course gets AICTE nod". News report (Bennett, Coleman & Co. Ltd). http://articles.economictimes.indiatimes.com/2010-08-11/news/27580618_1_aicte-nod-aicte-approval-certificate-programme. Retrieved 2011-04-26.
[edit] External links
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