Indian School of Business Visit Day 1
Day 1 was extremely informative and after an elaborate south Indian breakfast, we soon headed to a presentation hall where the admission team was waiting for us.
I will try to keep the points of the presentation in bullets because these will be really helpful for future international and domestic applicants.
PGP Program overview
- Hima Bindu (admissions team)
- Area Leaders: Associates of specific subjects from associate schools including Wharton (finance), Kellogg (marketing), MIT (operations)
- Research centers in 13 different areas
- Healthcare- Special focus on Healthcare management and consultancy considering 2X healthcare expansion in India by 2020
- Merit Based school NO CASTES- Hence no university status! In my opinion its a bold but truly commendable decision by the admission team.
- Center of emerging markets- Community development
- AACSB accredited – Only south Asian school to have the accredition
- Famiy business program (NEW)– Not Full time
- PGPMAX program for senior execs – Min 10 years of exp
- 29% women
- 5% truly international students
- 50 permanent faculty- 100+ visit ISB annually from all over the world
- Case study- being independent of HBS. ISB publishes its own India based cases jointly with HBS and Ivey (Western Ontario)
- ISB is NOT FOR PROFIT
ISB Admission presentation
- Mr. Kannan (Director of admissions)
Admission committee consists of admissions, alumni, recruiters, faculty and deans
Current students volunteer to read applications and provides opinions.
A 3rd executive from the admissions team looks through the application and read opinions and calls for interview.
There is a strong possibility of the removal of the video essay next year
- 770 intake since the class of 2013 keeping the admission ratio constant
- Campuses are NOT selected on the basis of profiles, however a near identical profile homogeneity is maintained.
- Campus interaction in the form of exchange opportunities
- In spite of having a HIGHER admission percentages the selectivity is similar because the applicant pool is getting stronger.
- 1 year program with the same amount of contact hours (680 hours at ISB comnpared to 720 hours in a typical 2 year program)
- Experimental learning program with recruiters (this serves as a sandbox internship experience)
- PaEV- Planning and Entrepreneurial venture
- Consulting, BFSI and IT are the top 3 recruiters with 13, 14 and 21 percentages.
- Largest consultant employers: Deloitte, McKinsey, Booz
- Most of the recruits join the Indian arm of the companies.
- Sales and Marketing: Unilever. P&G however has a lower presence
- EDI- Entrepreneurship development Initiative provides Financial support, Mentoring and other resources.
- Non profit recruits have a 2 year loan forgiveness program.
- GMAT and academic record is almost given a 40-50% weight.
- Need based, merit based and corporate scholarships. However full tuition waivers are NOT possible and 50% tuition waiver is the maximum.
- Most international candidates are (600)
- Indian passport holders localed internationally
- Indian origin International passport holder
- Truly internationals (25-30) with an admission rate of 50%
Doing Business in IndiaISB does not fail to recognize that foreign perception of India is still not entirely satisfactory. It is still a slightly un-exaggerated version of
However ISB is extremely determined to show other more important facets of the Indian business-friendly culture which is pretty evident from stats such as:India continues to be one of the major growing economies and provides one of the greatest places to work post MBA
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