The Indian School of Business is poised to become one of the top 10 business schools in the world by 2011, ISB's directors of admissions and financial aid said in an interview with Indian Web portal Rediff.
India's booming economy has created a huge demand for management talent in India and a 'reverse brain drain' that is attracting foreign students to the country's top management schools.
ISB Director of Admissions and Financial Aid I.V. Ranga Rao said that ISB has grown dramatically in the past few years and will continue growing in the future. The School has grown from 126 students in 2001 to 418 today and plans to expand to 560 students within a few years.
ISB already has international exchange programs with 26 schools in a dozen different countries, and is conducting a worldwide campaign to reach potential applicants from China, Korea, Taiwan, and Sri Lanka.
Mr. Rao said that ISB has received approximately 3,000 applications this year. The ratio of applicants to admits is usually about 5 to 1.
The qualities that ISB looks for in applicants are "intellectual strength, diverse background, good academic skills, leadership and, of course, good GMAT scores."
Diversity is "an ISB trademark," with students coming from a range of professional, educational, and geographic backgrounds. Current students include medical doctors, engineers, and a naval architect in addition to businesspeople.
Two of the School's current goals are to increase the number of women enrolling at the School and to attract more students from smaller Indian cities and towns where there is a strong entrepreneurial ethic based in the textile industry.
Overall, ISB's goal is to train managers whose skills will "build and nurture global companies." Given ISB's strong upward trajectory, it is not unrealistic to expect that "tomorrow's global companies will be shaped by ISB brains. "
Source: "ISB To Be in Top 10 Global B-List" - Rediff News, July 4, 2006