Indian School of Business (ISB) tops among World 20News »
Indian School of Business (ISB) tops among World 20
The Indian School of Business (ISB) here has been ranked 20th among the world’s top 100 business schools, by Financial Times.
The London-based newspaper released the annual ranking of full-time Master of Business Administration (MBA) programmes for 2008 on Monday. The Wharton School at the University of Pennsylvania, the London Business School and the Kellogg School of Management in the U.S., which are the ISB’s associate institutions, were ranked first, second and 24th respectively.
It is the first time that an Indian institution has figured in the top 100 business schools.
Kicking off celebrations on the sprawling ISB campus at Gachibowli on receipt of the news, Deputy Dean Ajit Rangnekar said this was probably the youngest business school to make it to Top 20. When it started academic activity in 2001 with a vision to become globally ranked, not many believed that was an attainable goal.
The sceptics have been proved wrong, he said amidst cheers from the students who gathered to cut a cake. A group sporting huge straw hats played western music.
Mr. Rangnekar appealed to the students not to let the achievement go to their head. Members on the board of the ISB could not be present as they were away at Davos. They had put their money and reputation behind building the institution, he said.
Mr. Rangnekar said the rankings were based on the performance of the alumni and faculty members. The ISB was investing a lot of resources on research to attract good faculty. He hoped the ranking would help the ISB get funds to supplement its research programmes. Admissions for 2008 have been completed.
He said there could be no comparison between the ISB and the Indian Institutes of Management as they were in different market segments. The overlap in their programmes was minimal. Students applying for admission to the ISB did not do so in the IIMs, and vice-versa, Mr. Rangnekar said.
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