Institute of Business Administration, Karachi
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|Institute of Business Administration, Karachi|
|Motto||Leadership and Ideas for Tomorrow|
|Location||Karachi, Sindh, Pakistan|
The Institute of Business Administration (IBA), Karachi is a regionally acclaimed and distinguished, business administration university in Karachi, Pakistan. According to the Higher Education Commission of Pakistan, The IBA was set up in 1955 in collaboration with the Wharton School of the University of Pennsylvania and is the first business school in South Asia set up on the US MBA model. The school has alumni who are leaders in industry, government, and academia in Pakistan. It started as a business school within the University of Karachi.
IBA's status was elevated to become an independent, degree-granting institution in Pakistan in 1994 when it received a charter from the Sindh government. In 2011, the Institute of Business Administration joined a group of seven other top business schools in South Asia, six from India and LUMS from Pakistan when it was awarded the coveted certification by the South Asian Quality Assurance System (SAQS).
The IBA was established in 1955 by the Wharton School of the University of Pennsylvania. The United States Aid for International Development (USAID) sponsored the program and approached the Wharton faculty to establish a business school in Karachi, Pakistan in order to meet the demand for business managers in the port city. IBA, Karachi, is the first ever business school sponsored by the Wharton School.
The IBA offered post-graduate programs only for day scholars. In 1957, an evening program in graduate studies was started to cater to the needs of working executives and managers who were interested in furthering their careers through part-time business studies. In 1982, a three-year BBA (Honors) program was introduced; this was upgraded to a four-year program by the Musharraf administration. The institute's graduate program offering includes executive MBA for banking and financial services professionals, corporate managers, and public sector executives. These programs require work experience in the industry, resulting in a high average age of the class – upwards of 30 years. Till 1994, the University of Karachi awarded degrees to the graduates. In that year the Sindh Assembly elevated the institute's status to that of a degree-awarding institution.
The Center for Computer Studies (now referred to as the Faculty of Computer Science) was established in 1983 with the collaboration of IBM, Pakistan. It offered a diploma in systems analysis. It now offers BBA (MIS),BS (Economics and Mathematics), MBA (MIS) and BS (Computer Science, Software Engineering, Information Technology), MS (Computer Science, Software Engineering, Information Technology), and Ph.D. programs. In addition, a Ph.D. program in MIS/Computer Science and Engineering/ICT was launched in August 2005. The Ph.D. degree has been expanded to include Operations Research, Artificial Intelligence, Cryptography, Numerical Analysis and Numerical Computing. The Center for Computer Studies is ranked number 1, according to the Higher Education Commission rankings.
IBA has recently introduced two new bachelors program in Accounting and Finance.
When established the university had its only campus, called University campus, at Karachi University. Later another campus, known as City campus, was established for evening studies. City campus now holds morning and evening classes.
In 2006 the Institute of Business Administration was granted 50 acres (200,000 m2) of land by the Sindh Government for the development of an Education City in Karachi. The Tabba foundation in Pakistan donated the institute Rs.120 million for upgradate of facilities on the IBA campuses.
The United States government and the IBA are to establish a centre for entrepreneurship at the school to support new businesses, help create Pakistani enterprises and link students with private sector venture capitalists. The centre is being funded with an initial investment of Rs.42.5 million ($500,000,) by USAID. Babson College is assisting with that effort. Babson, which has a strong reputation in the field of entrepreneurship, is helping IBA design an entrepreneurship curriculum, train its faculty and help it institute extracurricular activities such as business plan competitions and student clubs.
IBA has also started its Entrepreneurship Development Program  in collaboration with Sindh Board of Investment. IBA has also signed an MoU with Madinah Institute for Leadership and Entrepreneurship (MILE) for promoting Executive Education in Pakistan.
Dr Ishrat Husain, former governor of the State Bank of Pakistan (SBP), is the dean and director Institute of Business Administration.
IBA has 81 full-time and 85 part-time and visiting faculty members teaching courses in Management, Marketing, HR, Strategy, Finance, Economics, Quantitative Methods, Organizational Behavior, Computer Sciences, Ethics, Social Sciences, Chinese, Arabic. The faculty is drawn from two streams: academic and practical. The academic faculty mostly consists of those holding Doctorate or Master’s degrees, while the practical faculty draws upon the large reservoirs of top leaders, chief executives, and or managers in the corporate sector.
Faculty members engage in research and writing papers, advising companies and organizing training courses for the industry, public sector etc. Teaching tools include lectures, class participation, role-playing, business games, class presentations, case studies, research reports, and company visits.
- IBA was accredited by the South Asian Quality Assurance System (SAQS) in 2011.
- Member of the European Foundation for Management Development.
- CFA University Partner and the first university in Pakistan to be granted that status by the CFA Institute.
This is a partial list of notable alumni of Institute of Business Administration, Karachi.
- Mamnoon Hussain, President of Pakistan, a textile businessman, and senior figure of Pakistan Muslim League.
- Shaukat Aziz, former Prime Minister of Pakistan. He has also had a distinguished career at Citibank across several geographies at senior positions.
- Irfanullah Khan Marwat, former Provincial Minister of Sind, is a senior Pakistani politician and a leader of Pakhtoons living in Karachi.
- Asad Umar, ex-CEO Engro Corporation, politician and Member National Assembly from Islamabad
- Abdul Quayyum Khan Kundi, ex-president Pakistan Chamber of Commerce USA, businessmen, columnist
- Sheheryar Munawar Siddiqui
- Abbas Hashmi, founder of Green Card Capital and investment banker
- Fazal Nathani, Canadian business tycoon
IBA Students Council (ISC)
In 2009 a new students council system was put in place. One student body was put in place for both campuses as opposed to program-based student councils (previously BASC, ESF and BITS). The main governing student body structure includes elected vice president, treasurer, general secretary, two campus coordinators and three executive council members.
Clubs and societies structure
Each club and society has a manager, treasurer, two campus coordinators, and three executive council members. Beside the students governing body, a faculty member is assigned as its patron, who acts as an advisor. The difference between a club and society is that for clubs only a current MBA student can qualify to run for the election of a manager (beside meeting a minimum GPA requirement), whereas a society can have a manager from any program (MBA, BBA, BS, MS).
- Leadership Club
- Entrepreneurship Club
- Mathematics and astronomy Club
- Human Resource Club
- Marketing Club
- Finance Club
- Economics Club
- Social Sciences Club
- Iqra Society
- Community Welfare Society (CWS)
- Music Society
- Dramatics Society
- Literary Society
- Sports Society
- Computer Science Society (CSS)
- Public Speaking Society (PSS)
- Arts Society
- Media and Publication Society (M&P)
- Go Green Society
- Photography Society
- Adventure Society
- Alumni Society
- Placement Society
- :: History ::. Iba.edu.pk. Retrieved on 2011-05-22.
- Ranking of Higher Education Commission (HEC) Recognized Universities in Pakistan
- PPI, PPI (26 August 2011). "Achievements : IBA certified by South Asian System (Karachi city)". Express Tribune. Retrieved 26 August 2011.
- Archive. 13 November 2005. Dawn. Retrieved on 2011-05-22.
- Archive. 19 November 2006. Dawn. Retrieved on 2011-05-22.
- Tabba Foundation. IBA (9 October 2009). Retrieved on 2011-05-22.
- IBA, US join hands for new business. Pakobserver.net. Retrieved on 2011-05-22.
- [dead link]
- Sindh Board Of Investment, Government Of Sindh. Sbi.gos.pk. Retrieved on 2013-08-03.
- Archive | 29 July 2008. Dawn.Com. Retrieved on 2011-05-22.
- http://tribune.com.pk/story/239621/achievements-iba-certified-by-south-asian-system-karachi-city/. Missing or empty
- [dead link]
- CFA Program University Partners. Cfainstitute.org. Retrieved on 2013-08-03.
- The only CFA accredited university of pakistan. Paklinks.com (2009-04-28). Retrieved on 2013-08-03.