It’s done! You’ve decided you want to do an MBA and perhaps, you are already in this imaginary cabin with beautiful interiors, with your MBA degree on the wall and a notification on your phone that your six-figure salary has just been credited to your bank account. Looks perfect, right? However, it is still a dream to come true.
Now, to work towards it, you will have to take your first step that paves your way to this corporate dream. It’s time to know about a B-school that would identify your potential and shape you into an eminent business personality. Well, here is a B-school that has produced some of the well-known business tycoons who are now CEOs, CFOs, and COOs of top companies like Whatsapp, Flipkart, and Viacom. If you are someone who aspires to get into India’s top B-school, then this article is for you.
How did it start?
Ranked 24th on the chart of the Financial Times Global MBA 2019, ISB is known for having the best faculty and great placements. The school was started by Rajat Gupta and Anil Kumar, in 1996, and these two masterminds directed teams of McKinsey consultants to start the functioning of ISB. Soon enough, national and international players joined the Executive board and formal partnerships with Wharton and Kellogg were established, uplifting the standard of education in ISB. In no time, ISB was among the top business schools of India with its functional campus in Hyderabad.
The Governing Board at ISB
Today, the administration of ISB consists of the Dean’s Council, along with its Executive and Governing boards. With some globally known names on the panel such as Anil Ambani, Rahul Bajaj, Purnendu Chatterjee, Laxmi Mittal, Sunil Bharti Mittal and more, ISB receives active participation from its administration in policy making and coordination of the school’s overall activities. You can check out the complete list of governing bodies of ISB.
Courses at ISB
Apart from its flagship program, i.e., PGP in Management, over the period of time ISB has introduced a couple of Executive MBA programmes for experienced professionals. Furthermore, it also has a five-year doctoral-equivalent Programme (FPM), along with a master’s level programme for the ones who are to inherit their family business. Some of the top programs at ISB are-
1. Post Graduation Program in Management (PGPM)
ISB’s PGP is very well designed to give a 360-degree learning experience to every student. Due to its world-class faculty, exceptional placement opportunities, international student exchange network, alumni connect and infrastructure, ISB attracts thousands of applicants each year to apply for the PGPM program. PGPM students need to have a work experience of more than two years. However, it also allows applicants to secure a deferred admission in ISB via Early Entry Option and ISB Young Leadership Program (YLP).
2. Post Graduation Program for Professionals (PGPpro)
ISB PGPpro is an executive MBA equivalent program that is specifically designed for professionals with 5-12 years of working experience. It brings world-class education at the convenience of weekend sessions, which is an amalgam of the classroom and online learning. PGPpro starts with online preparatory courses sourced from Harvard Business School Publishing and consists of a 16-month programme with seven modules. The classes for PGPpro are offered in Bengaluru, Delhi, Mumbai, and Hyderabad. It is a great opportunity for working professionals who do not have an option to take a break in the middle of their careers.
3. Post Graduation Program for Senior Executives (PGPMAX)
PGPMAX by Indian School of Business is a postgraduate program designed for experienced professionals, senior executives, and entrepreneurs with a work experience of 10-25 years in total. The executive MBA equivalent program runs for the duration of 15 months to prepare individuals with higher career aspirations to become global leaders. What makes ISB PGPMAX a hit is the blend of academic and experiential learning facilitated by senior faculty members with rich teaching and industry experience. Moreover, the diverse classrooms consist of Directors, Business Heads, and Business Owners that add to the learning of each individual.
4. Post Graduate Program in Management for Family Business (PGP MFAB)
Inheriting your family business while the market is changing rapidly can become pretty challenging. ISB offers Post Graduate Program in Management for Family Business, which is uniquely crafted for individuals who want to inherit their family business. The compressive general management program focuses on how to sustain the business while adding to its standardized growth. The program runs for about 15 months that transitions students to become future entrepreneurs with a sound knowledge of national and international markets.
ISB Campuses- Hyderabad vs Mohali
Indian School of Business follows “One School, Two Campuses” vision. With campuses situated in Hyderabad and Mohali, it is equipped with some of the finest facilities. The top B-school adheres to its idea of bringing world-class education in classrooms. ISB Hyderabad has 600 seats while ISB Mohali has 288 seats, except for which, everything is common between these campuses. The curriculum runs parallel and undergoes up-gradation each year to be at par with top B-schools. Along with this, both the campuses have best professors of the teaching fraternity and have the same visiting faculty from some of the top universities like Yale, Wharton, Rochester, Duke and more. The placements are conducted at any one of the campuses. Students of the other campus would have to fly down for the interviews. ISB makes sure that recruitments are purely based on the merit of the student. Students are instructed not to disclose their campuses to the recruiters during interviews. However, once the candidate is hired, employers are given the details of each student’s campus. All the students of ISB have an option to exchange their campus if they can’t find any particular elective at their respective campus.
Opportunities at ISB
Indian School of Business believes in each candidate’s potential to become future entrepreneurs if they have the right exposure and opportunity. Today, ISB is India’s largest educational hub because it brings a plethora of opportunities to aid students in their overall development.
1. Class Structure:
ISB’s classrooms are foremost in exposing students to the diversity that prevails in India. Students from different cultural and industrial backgrounds come together under one roof and learn from their peers’ experiences. This brings numerous networking opportunities while it adds to their learning experiences. ISB makes sure that each campus has similar crowd quality by taking their GMAT scores, work experience, etc. into account while allotting them a campus.
ISB is globally known to have the best faculty from leading international business schools. The institute has professors like W. Bruce Allen from The Wharton School, Sunil Chopra from Kellogg School of Management, Aradhna Krishna from the University of Michigan, Anjani Jain from Yale and many more prominent professors as a part of ISB’s teaching faculty. Some globally known professors like Robert Stine, Jay Anand, Prakash Kale, Sarang Deo, etc have been awarded for their researches and experiences, are also a part of ISB’s teaching faculty. With this, the visiting faculty adds to the vibrancy by introducing students to the latest practices and researches going around the world.
Indian School of Business is affiliated to Wharton School of the University of Pennsylvania and Kellogg School of Management through its formal partnerships in place. Along with this, MIT Sloan, which is affiliated to The Punj Lloyd Institute, assists ISB in designing its curriculum and making changes in the existing format which enhances ISB’s standard of education and helps the institute to be one amongst the top B-schools. Furthermore, through its academic and industry associations, ISB has established strong links with prestigious institutions. This helps students in leveraging the opportunity of gaining expert advice for academic and professional needs.
4. Student Exchange Network:
The well known ISB’s International Student Exchange Network helps students dwell in the international culture as it opens doors to outdoor learning through its partnerships. It is not only a medium to gain a holistic and global view but, it widens their perspective which in turn helps students to understand the dynamics of management in other economies. While students from some top B-schools like ESADE, Melbourne, Wharton, etc are being invited to spend time on ISB campus, ISB students, in turn, visit the campuses of these partner schools. This cross-cultural interaction mutually benefits and brings a multitude of networking opportunities for ISB students.
Currently, ISB is India’s most famous school for an MBA and it is truly escalating the lives of students through their on-campus placements. Recruiters from Aditya Birla Group, Amazon, Apple, Deloitte, Future Group, Google, Infosys, KPMG, Microsoft and 375 such companies regularly hire students from ISB campus. Interestingly, these global companies offer attractive packages to reward young talents. In the year 2018, the average package offered to an ISB candidate was of INR 22, 14,684 per annum. Indian School of Business gives the perfect opportunity to each of its students to turn their dreams into reality by working at one of the top corporate houses of the world.
6. Alumni Connect
Indian School of Business actively receives participation from its Alumni network. Some of the graduates of ISB have landed in C-Level positions at the top firms and continue to guide students even after their MBA. Some of the notable alumnus of ISB like, Ajith Andhare (COO, Viacom), Neeraj Arora (VP Business Development, Whatsapp), Viren Rasquinha (CEO, Olympic Gold Quest), Ankur Warikoo (Founder & CEO, Nearbuy), Alok Goel (former CEO of FreeCharge and Partner at SAIF partners), and more have actively contributed to the growth of ISB by bringing in placement opportunities for students. Students can leverage the extensive alumni network while they are at ISB and later.
What does ISB look for in an applicant?
There are no set parameters on which ISB judges its applicants. However, some of the traits of applicants that help ISB evaluate the potential of its candidates are their leadership skills, academic and extra-curricular achievements. ISB also takes a student’s personal attributes like communication skills, ability to handle pressure, etc. into account to have the brightest lot that can add value to ISB’s heritage and position in the future.
While looking at an applicant’s academic performance, ISB reviews their academic journey and their GMAT scores. From the applicant’s high school scores to his performance during graduation, everything is taken into consideration by the school. Along with this, ISB also takes the GMAT scores into account before short-listing a candidate. The GMAT scores of the current batch range from 600-780. ISB also takes a keen interest in profiles that have exceptional extra-curricular achievements as it values the overall growth of each individual.
Since ISB believes in their idea of producing future entrepreneurs; they evaluate applicant based on skills that would make them leaders in the near future. To select best applications from the pool, student’s essays and recommendation letters play a critical role where they mention their abilities and goals. Students need to identify their strengths and write a convincing essay that shall prove their inclination towards the program for which they can ask one of the Leverage Edu experts for help. Along with this, candidate’s presentation skills, confidence, communication skills and ability to express their thoughts and multi-tasking abilities are also taken into account while short-listing applications.
Procedure to apply for PGP at ISB
In order to apply for a PGP program at ISB, students need to download the application form which is available at ISB’s official website. Once students fill in their personal details, scores etc, they can attach a copy of their updated resume, academic records, and professional degrees, letters of recommendation, income proof, essays, and GMAT and TOFEL/IELTS scores, if applicable and submit the application online. Students must make sure they adhere to the given deadline to avoid missing the opportunity.
ISB Fees, Payments and Scholarships
While ISB eliminates the cost of opportunity for its Indian candidates, one would still need their finances in place to support their education. The annual fee for ISB’s flagship program PGP in Management is INR 3,607,200.00 plus GST for the academic year 2019-20. The admission fee remains non-refundable once the offer is accepted by the candidate. Applicants have an option to pay the fee in one go, or in four installments. Security deposit of INR 20,000 is paid in addition to the programme fee, which is later refunded after deducting dues payable to the school if any.
Now that you’re roughly familiar with the fee structure of different programs, you might be wondering if ISB offers scholarships based on merit. Well yes; to our relief, they have up to 125 scholarships under different categories listed by the school. All students are entitled to apply for scholarships that are awarded to exceptional applicants with limited financial resources. Generally given during admission, or after enrolment at the discretion of AdCom or the corporate donor, these can be of great help as it can waive up to 50% of a student’s tuition fee. The nature of these scholarships can be merit-based or need-based or any other category listed by the school. You can figure out how to apply for a scholarship at ISB by asking an expert who would help you choose the right scholarship program amongst the list given by the ISB.
ISB has turned the lives of countless students by providing them a platform to gain world-class education and the right opportunities to become future leaders. Today, ISB brings in great opportunities for students like no other institute through its global network. To gain a wider perspective of ISB, one can connect with the experts who are ISB graduates through Leverage Edu for free. With all the necessary elements that are taught at ISB to become future leaders, the institute leaves no stone unturned.