Press Releases

ISB Inks MoU with Institute of Business Administration, Karachi

Hyderabad, April 13, 2012: The Indian School of Business (ISB)today signed a Memorandum of Understanding (MoU) with the Institute of Business Administration (IBA) in Karachi to provide executive education in Pakistan. The MoU was signed by Deepak Chandra, Deputy Dean, ISB and Dr Ishrat Husain, Dean and Director, IBA, Karachi, at the ISB campus.                                                                                

The collaboration brings together the Centre for Executive Education (CEE) at ISB, one of the largest executive education providers in Asia and IBA, the oldest business school outside North America, to provide executive education courses to senior management executives looking to fast track their careers.
Making the announcement, Deepak Chandra, Deputy Dean, ISB, said, “We are delighted to associate with the IBA to provide executive education programmes. This marks the beginning of a new chapter in the history of two distinguished business schools in the region. The ISB and IBA are equally dedicated to develop and enhance business leadership through innovative world class programmes in management. We are confident that this partnership will help generate tremendous opportunities for cross-collaboration between the two schools and sets the tone for many more future associations aimed at nurturing business leaders and entrepreneurs who would contribute to the growth of business and industry in Pakistan”.
This strategic alliance with IBA further fortifies the ISB’s international footprint and reinforces its position as a thought-leader in the field of management education. The move also brings the school closer to realising its overarching mission to cater to the leadership needs of emerging markets by increasing interest in management best practices. Pakistan is one of the countries that have growth potential among evolving Asian economies necessitating the need for a leadership pipeline to fuel its growth
Expressing his happiness, Dr. Ishrat Husain, Dean and Director, IBA added, “I am delighted to be here at Hyderbad to sign a MOU with one of the top ranking Global Business schools-- the Indian School of Business. In such a short period of time ISB has established its name as one of the leading Centres of excellence in Business Education. We at the IBA Karachi --which is the oldest Business school established in 1987 by Wharton-- feel privileged to enter into this partnership with ISB. We will start on a modest scale but will build up our relations over time as each one of the two institutions gets to know the other. As a long time advocate and firm believer in friendly relations between the two neighborly countries for peace and prosperity of our people this event represents a turning point. India had made huge advances in higher education, science and technology and we in Pakistan should benefit from their achievements. I hope the collaboration between ISB and IBA is beginning of a long process of collaboration between other institutions of higher learning in the two countries. I wish to express my deep gratitude to the members of the Board, Dean and Faculty members of ISB for agreeing to this journey together. We hope we will make further strides in the future which will add value for our students, faculty and the corporate sectors in the two countries”.

What does the MoU entail?
The course offerings will include ‘Open Programmes’ or short-duration programmes that are driven by research, ‘Custom-Designed Programmes’ or specialized courses devised to cater to specific needs of a particular organization as well as workshops and seminars. To begin with, the proposed programmes would focus on family business, entrepreneurship, business leadership, strategy and related domains. This would later be expanded to include programmes on Public Private Partnership (PPP) as well.
While ISB will focus on the design and delivery of the programmes, IBA will be responsible for their marketing and promotion. The programmes will be conducted by ISB’s globally renowned faculty. The first programme is slated to commence June, 2012.

About the Indian School of Business (ISB)
The ISB was established in 2001 with an aspiration to put India on the global map of management education. In less than a decade since its inception, the ISB has successfully pioneered several new trends in management education in India, and firmly established itself as a world-class management institution. In 2008, the ISB became the youngest institution to be ranked among the Top 20, in the Global B-school Rankings by the Financial Times, London, and since then has been ranked consistently among the top B-schools globally. The ISB today has a strong pool of research-oriented resident faculty and invites high calibre international faculty from reputed B-schools to teach in its Post Graduate Programme in Management (PGP), Post Graduate Programme in Management for Senior Executives (PGPMAX), and Executive Education Programmes. In addition to teaching, the visiting faculty also participates in collaborative research with the resident faculty. The school has over 4000 PGP Alumni and 13,000 Executive Education Alumni making an impact on business and society across the world. The ISB is in the process of setting up its second campus in Mohali, Punjab, which in addition to the current programmes, will also have specialist institutes for promoting research and education in areas critical to India’s development. The Mohali campus will be operational from April 14, 2012. For more information, visit www.isb.edu.

About Institute of Business Administration (IBA)
IBA is the oldest business school outside North America. It was established in 1955 with initial technical support provided by the world famous Wharton School of Finance, University of Pennsylvania; later, the University of Southern California set up various facilities at the Institute and several prominent American professors were assigned to the IBA. 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. A bill is pending in the Assembly for conferring the status of a University to IBA. Inspite of a rapid increase in the number of business schools, the IBA has maintained its position as the premier institution of higher learning in the field of management and business administration. 
IBA History: http://www.iba.edu.pk/about_iba.asp

For further information, please contact: 
Sriram Gopalakrishnan 
Director – Marketing and Communications
Indian School of Business 

Tel.:  939 456 8030 
E-mail: Sriram_gopalakrishnan@isb.edu
www.isb.edu