With ISB’s Round 2 deadline of Jan 15, 2017, fast approaching – we want to focus on ISB in our school spotlight series. This post will give you comprehensive information on the school, its pedagogy, placements and application questions.
The Indian School of Business (ISB) is located in Hyderabad and also has a second campus in Mohali. ISB offers a full-time Post Graduate Program in Management (PGP) in addition to a Post Graduate Program for Senior Executives (PGPMAX). The highlights of ISB’s program include a condensed time frame of only one year, as well as access to international faculty.
Academia at ISB
ISB has a full-time resident faculty of 45 professionals. In addition to its resident faculty, the school hosts over 120 visiting faculty throughout the year who are often affiliated with other MBA programs, such as Wharton, Kellogg and Sloan. ISB also features a Media Hub and five Centres of Excellence, which support research on areas ranging from analytical finance to entrepreneurship development.
ISB faculty members utilise a variety of teaching methods including seminars, simulations, and case studies. The PGP is broken into eight terms of approximately six weeks each. Pre-term and orientation activities, which are social and recreational in nature, commence in mid-April. Students also have the option of taking three modules covering statistics, accounting and other quantitative methods during pre-term. Classes begin in late April, and students graduate in mid-April of the following year.
During their first four terms, students are divided into study groups and undertake a series of core courses together. These courses are designed to give students a solid foundation in business principles including finance, marketing, strategy, operations, and investment IT management. The fourth core term crosses over with electives, as students can begin to direct their studies by choosing from the school’s more than 80 electives for the remaining terms.
By selecting specific combinations of courses, students can create concentrations or majors for themselves in one of six categories: entrepreneurship, finance, information and technology management, operations management, marketing, strategy and leadership, with four additional industry specialisations in healthcare, manufacturing, public policy, and infrastructure. Students can opt to take 18 to 21 elective credits, but must take at least six related credits for a concentration or specialisation. Under faculty guidance, students also can enroll in ISB’s Independent Study Program, which gives them the opportunity to focus on topics that are not as well represented by the school’s selection of electives.
To further prepare its students for reentry into the workforce, ISB offers several practicum courses, including the Experiential Learning Programme (ELP) and the Faculty Initiated Research Project (FIRP). The ELP gives students the opportunity to work with established businesses on a range of issues they are facing, which may include matters of market positioning, new product development, creating growth strategies, and talent management. This for-credit experience allows students to work in teams of four to five and gain insight into real-life business considerations and present recommendations to the businesses with which they have been matched. Moreover, many companies view this program as a pre-recruitment exercise.
ISB also maintains over 40 exchange partnerships with other business schools in the United States, Europe, Africa and Asia.
Concentrations at ISB
Programs offered at ISB
ISB offers three variants of its flagship management program at both its Hyderabad and Mohali campuses. The school follows a ‘two campuses one school’ approach. ISB evaluates candidates on the basis of:
The application process for each variant of ISB’s flagship management program is as follows:
Careers post ISB
POST-MBA Career Services ISB’s Career Advancement Services (CAS) seeks to help its students find jobs that will personally satisfy them as well as adequately compensate them. To assist students in their employment search, the CAS offers career counseling, skills workshops, résumé critique, interview practice, and additional support targeted at bolstering selected soft skills. The CAS’s Learning and Development team begin working with students by the start of their first term. The CAS Placement Process begins when students complete an online registration form.
Recruiters are welcomed on campus to conduct PreInterview processes, which can give students the opportunity to get a sense of each company’s culture and expectations. Students then create “expressions of interest” for companies that best fit their own set of skills and experience. Corporations then communicate with the CAS office to schedule interviews with eligible students. Career Statistics Within ISB’s Class of 2014, 766 students participated in the recruiting process. This ultimately led to a total of 884 job offers, 248 of which were made for positions in the technology sector.
The consulting sector was the largest recruiter, contributing 274 offers from 33 companies including A T Kearney, Accenture, Booz & Co, Boston Consulting Group, Deloitte, Ernst & Young, Global eProcure, KPMG, McKinsey & Company, Oliver Wyman, Parthenon, PwC, Siemens Management Consulting, and ZS Associates among others. The E-Commerce sector made the second largest number of offers on campus. 142 offers were made by 15 companies such as Amazon, Bluestone Jewellery, BookMyShow, Flipkart, Myntra, Snapdeal and Quikr among others.
Function wise Consulting, General Management/Strategic Planning and Sales & Marketing were the most preferred areas for ISB graduates from the Class of 2015 attracting 20%, 16% and 11% of students respectively.
Women students at ISB, who comprise 30% of the class, fared exceptionally well both in terms of offers received as well as roles. Reflecting a trend of recruiting women for strategic roles, several leading companies offered key roles such as Country Head, Country Manager, DGM, EA to CEO and General Manager among others. Axis Bank’s ‘Women Leadership Programme’ returns to ISB: With an initiative that it exclusively introduced at ISB, Axis bank continued to hire women students in significant numbers from ISB for the third year running.
IT/ITES, BFSI and Pharma and healthcare sectors made up for 25% of the total offers jointly. The emerging markets story too played out strongly on the campus this year with several international offers being made. An interesting highlight of the international placements was the participation of companies from Africa.
The ISB PGP/EEO Application
ISB accepts both the GMAT and the GRE. Your performance on these standardized tests gives the admissions committee an understanding of your ability to cope with an academically rigorous curriculum. However, GMAT and GRE are not the only factor that decides your admission at ISB. No “cut off” criteria are applied to the GMAT/ GRE scores.
The GMAT Code for ISB is N2D-J5-01
The ISB GRE codes are as follows:
The application can be submitted along with the test centre/unofficial score report. The official score report from Pearson VUE (GMAT) / ETS (GRE) should reach the ISB Admissions Team within three weeks of application submission.
Application Essay questions
Essay 1: If we were to admit just one more student, make a compelling argument as to why that student should be you by describing an (only one) achievement in your personal / professional life that you are most proud of. What did you do that sets you apart from others? What did you learn?
(400 words max)
Essay 2: Describe a (only one) defining moment in your personal / professional life when you had to make a risky decision, and explain what you did, why and the outcome?
Describe a (only one) situation in your personal / professional life when you had to interact with people from diverse backgrounds. How did it affect you and what did you learn?
(300 words max)
Essay 3: What are your post ISB career plans and how will your past experiences and the Post Graduate Programme in Management (PGP) contribute to taking you there?
(300 words max)
Essay 4: Please use this space to provide any other information not covered elsewhere in the application that could significantly impact your candidature at ISB.
Note: It is not necessary for you to write this essay. Please use this space only if there is something really significant that you would like us to know.
(200 words max)
ISB now requires only one recommendation. Evaluators can submit their evaluations either online or offline mode. Candidates opting for the online mode must necessarily update the current official email id’s of their recommender in ISB’s online application form. We will forward the questionnaire to your evaluator as a web link.
In case the candidate cannot provide an official email id – the candidate should choose the offline mode of recommendation in the application form and fill in the evaluator/s personal email ID. ISB will forward a questionnaire to your evaluator as an e-mail attachment with an upload link to fill in, scan and upload the completed form
How do you know your fit for ISB?
ISB evaluates candidates on the basis of:
Financing at ISB
The tuition for ISB is INR 17,50,000 for the 2016-2017 academic year. The full cost of the program, however, rises with additional fees and also depends on whether students choose to live on campus in a shared accommodation or in a studio apartment. The program cost includes an admissions fee, library and recreation fee, living costs, and books, computer and meal plans among other assorted fees. For those who choose shared accommodation, the total cost of the program is INR 2,543,700. Students who choose studio accommodations must pay a bit more for their independent living, with a total cost of INR 2,674,800.
ISB offers merit- and need-based scholarships that range from partial scholarships to full coverage of tuition. Each scholarship has its own requirements, which vary from focusing on a student’s nationality to how he or she scored on the GMAT exam. Students are automatically considered for some scholarships, while for others students must provide supplemental information and be interviewed before being awarded any funding.
ISB has partnered with several banks and lending institutions, including Credila and Andhra Bank, to offer loans to its students. These loans can amount to up to 95 percent of the cost of the PGP depending on a student’s collateral. The repayment and additional fees also vary from one organization to another.
Cost of Attendance