McKinsey's Rajat Gupta to the chairman of Indian School of Business
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December 16, 1999
New Delhi, December 16: Backed by a number of leading corporates and global business educational institutions, the Indian School of Business (ISB) will come up in Hyderabad, imparting two management programmes to start with in 2001.
ISB has a tie-up with the world's leading corporations, including 23 of the Fortune 500 companies and the two prominent business schools: J L Kellogg Graduate School of Management at the Northwestern University and the Wharton School at the University of Pennsylvania.
While the school will offer a one-year postgraduate programme in management and executive education programme in 2001, a doctoral programme will start later.
Mckinsey's Managing Director Rajat Gupta will be ISB chairman, while Don Jacobs of Kellogg Graduate School will head office of the Dean.
Fee at the school will be two to 2.5 times than IIMs but 20 to 30 per cent cheaper than European and US schools, ISB Chief Executive Officer Pramath Sinha said.
The school will enroll both domestic and overseas students and expects that in later stages, admission ratio will be 50:50 for both categories. Overseas students will basically come from Asia. However, courses will be open for only those students who have work experience of at least two years.
There are 1,70,000 applications for 11,000 full-time MBA degrees in Asia-Pacific, while 40,000 students of Asian origin are currently enrolled in business-related courses in the United States, indicating huge requirement of these courses in the region, Sinha said.(Aaj Thank-India Today) |
