The Indian School of Business (ISB) has been ranked number 20 in the global B-school rankings released by Financial Times, London [Images]. Topping the list were Wharton, London Business School and Columbia Business School at number one, two and three respectively.
Rajat Gupta, Chairman, ISB, said, "This is great news. The ISB graduated its first class in 2002 with a vision to establish an internationally top-ranked, research-oriented B-school in India. I am extremely proud that the students, faculty and staff have achieved this in such a short time. I am also delighted that the ISB has brought such academic and international recognition to India."
Within a span of six years, the ISB has made a mark for itself. It has successfully pioneered several initiatives in the field of management education by bringing in international best practices and people.
The ISB introduced the one-year programme, unique portfolio model of faculty, accepting students with prior work experience and diverse backgrounds, the GMAT score as a selection criterion, lateral placements, international quality research and several other initiatives. Being ranked 20 among global B-schools is a validation of the ISB's effort to establish an international B-school located in India.
Speaking on the occasion, M Rammohan Rao, Dean, ISB, said, "This is a vision come true for all of us at the ISB. We owe a lot to our faculty for their research work and for publishing in top tier journals. Our students and our staff have contributed a great deal for our achievement."
Looking ahead, the ISB intends to focus on ramping up its student numbers, increasing the strength of its faculty and setting up more research centres.