Institute of Business Administration, Karachi
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|Motto||Leadership and Ideas for Tomorrow|
|Location||Karachi, Sindh, Pakistan|
The Institute of Business Administration (IBA) is a prominent university in Karachi, Pakistan. Established in 1955 in collaboration with the Wharton School, it was the first business school in Asia set up on the US-MBA model. Since 2014, HEC has consistently ranked it to be one of the best business schools in Pakistan.
It started as a constituent college within the University of Karachi. However, in 1994, its status was elevated to an independent institution in Pakistan. It is one of the two Pakistani business schools to be awarded the coveted certification by the South Asian Quality Assurance System (SAQS). IBA, today, has expanded into several other disciplines including computer science, economics and mathematics. Majority of its students are enrolled in business-related disciplines.
IBA is pursuing accreditation of AACSB and Its programs are affiliated with 15 institutions worldwide, which include Babson College, Indian School of Business, S. P. Jain Institute and Northwestern University. It alumnus include Pakistan's current President Mamnoon Hussain, former Prime Minister and Citi Bank Director Shaukat Aziz, Sarfaraz K. Niazi and Asad Umer. The university is currently headed by Ishrat Hussain.
IBA is the brainchild of Mehmood Qadir (M.Q.), established in 1955 by the Wharton School of the University of Pennsylvania. The United States Agency for International Development (USAID) sponsored the program and approached the Wharton faculty to establish a business school in Karachi, Pakistan.
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 Bachelor of Business Administration (BBA) (Honors) program was introduced; this was upgraded to a four-year program by the President Pervez Musharraf administration. The institute's graduate program offering includes executive Master of Business Administration (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 renamed 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.
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.
Dean & Director
Following the retirement of Dr Ishrat Hussain (Dean and Director of Institute of Business Administration, Karachi), Dr. Sayeed Ghani, Associate Professor and Associate Dean — Faculty Computer Sciences, IBA has been appointed as Acting Dean and Director Institute of Business Administration, Karachi as of March 2016. Dr. Ghani has a B.S. from MIT and M.S. and Ph.D from Columbia University in Electrical Engineering.
Dr. Ishrat Hussain holds a Master's degree in Development Economics from Williams College and a Ph.D. in Economics from Boston University. He is a graduate of the Executive Development Program jointly sponsored by Harvard, Stanford and INSEAD. He was also the Governor of the State Bank of Pakistan, Pakistan's Central bank from 2 December 1999 to 1 December 2005.
- 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
- Irfanullah Khan Marwat, former Provincial Minister of Sind, is a senior Pakistani politician.
- 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
- Quentin D’Silva, former Chairman & Chief Executive, Shell Pakistan Limited
- :: History ::. Iba.edu.pk. Retrieved on 2011-05-22.
- :: IBA Students
- PPI, PPI (26 August 2011). "Achievements : IBA certified by South Asian System (Karachi city)". Express Tribune. Retrieved 26 August 2011.
- "Institute of Business Administration - Karachi". iba.edu.pk. Retrieved 2016-02-23.
- 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.
-  Archived 24 December 2012 at the Wayback Machine.
- 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
- https://web.archive.org/20110524111222/http://www.efmd.org/index.php?option=com_content&view=article&id=944&Itemid=38. Archived from the original on 24 May 2011. Retrieved 31 May 2011. Missing or empty
- 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.