There are lots of comments.. Both the article and the comments seem to be one sided (earlier from ISB and later from IIM Folks). Let me give some balanced perspective here.
IIMs do have a great history. No doubt. ISB, a new kid on block is certainly doing a good job (why else will IIM A introduce a one year programme for exp profnls?)
I recently talked to both IIM guys and ISB junta. There isnt any perceptible difference between the two. That said, getting into IIMs is surely one of the toughest thing (some european survey ranked getting into IIM A toughest in the world). May be ISB has some good screening process in place? or Hazaar Junta writes CAT but only a few apply to ISB? Another aspect is that the CAT junta is tested mostly on math and verbal (anything else?).. but apparently, ISB's screening process is based on the european/american model and looks at personality as well as gmat score. Which school comes first depends on which scale you use. If it is only GMAT/CAT, IIMs will. As you broaden it (experience (qlty/qnty), maturity, diversity etc, rankings could change.
Fee - IIMs cost lower. A fact. (ofcourse they are subsidized).
ISB is different kind of institute which provide B-Education to experinced person and in IIMs most of students are freshers, so this is not a point to compared ISB to IIMs
Well, reading this article makes one wonder whether rediff.com maked any enquiries about the veracity of claims people make? For one, average salaries are eyewash, across campuses.Nine lakhs, like horses could fly. Two, there have been endless talk of how ISB has failed t deliver and how the much promising start has gone sour. I'd like to ask a couple of questions here- McKinsey is supposed to be behind the movement to get ISB going but after the first couple of years, they avoid the ISB campus for placements. Any clues why? Does the nine lakh figure include any foreign placements where the dolar salaries have been directly converted to rupees? And yes, an IIM grad would enter ISB only to do a doctoral, whats so special about that? Last but least, with all due regards, how many of those studying at ISB would have chosen ISB over say IIM-A, had they made it?
It is a surprise to see the people of ISB/IIMs talk about standards. These schools take students from virtually every major (including lawyers and medicine) and surpise surprise, anyone can complete their PGP (MBA) in two years. In an average university in the US, it takes three and a half years to finish your Masters, if you dont have the required prerequisites in Finance, Economics, Marketing/Management and General Business. An MBA graduate from any average university in the US is PERFECT !!
How many papers do these elite schools publish. What a shame? these so called premier institutes dont have a proper website (or may be they dont have any publications ??)
Before comparing any B-school in India with Kelloggs please compare them with the third rate B-schools in the US and see who has better standards.
RE:Re: Standards
by Gaurav on Oct 27, 2004 11:19 AM
Well, isn't it so obvious,Karthik, that you happen to be one of those with the Big American dream in your eyes??:) A casual perusal of the internet will tell you all the premier B schools, be it the IIMs or the others have a website, have faculty which has done extensive research and have A class publications to their name.so I don't know where you got that brainstorm from. PERFECT, yeah right,just perfectno wonder then they take 3-3.5 years to do an MBA.The fact that the IIM grads do it in two years is a testimonial to their hardwork and not an incrimination of any laxity of the system. Your thoughts make me wonder whether it would be worth it to make you go through the grind of an IIM for a week, maybe better sense would dawn on you then.Because right now they reek of ignorance. I personally believe that such a comparison is out of place in the first place.Its just like comparing the economic might of the US and India. Lets not deride the effort that goes in to get into such places and the contribution the IIMs have made to the corporate houses in India.Plus how many of your "perfect" MBAs make any difference at all in the run of the mill jobs tey do in the US?? food for thot!
whatever message u try to convey about ISB's facilities. it will not convince many. The problem is the process of selection into ISB is very inferior compared to that os IIM's. IIT-JEE and IIM's CAT are the 2 most challenging entrance exams in the country. so the student quality has to be improved in ISB for it to get an recognition. Now some one who has enough money in his pocket can study at ISB. that should not be the case.
With reference to this article wht i would like to say is tht its not only the money that matters in real life.Even if ISB's Lead to more pay package i am quite sure an IIM student will have far much greater confidence then ISB student.This is bcos clearing one of the toughest exams(thts CAT) in the world is not a childs play.Just haveing money and going to ISB won't work.
Can you provide ISB address or mail address? Is ISB conducting Diastance education with specified Contact schdule? Is there any maximum age limit to join ISB?
The companies which go to IIMs & ISBs are in no comparison in terms of quality of companies or jobs (check out for the main recruiters in these campuses).
I have had interaction with the so called hi-tech ISBians. Whatz the use of latest infra, if you are not in a position to use them.
Yes, I agree, they might get good infra, good profs...but cant get good students (heard that most of the ISBians would have given 2-3 failed CAT attempts before joining ISB).
i had asked a person who was faculty at a prestigious intitute abroad where he would place ISB....globally that is....as a B school and he said in another 30 years it would probably fetch rank 30 in the U.S of A....forget globally!i'm not saying ISB is trash but the students there tend to build so much hype regarding the place when EVERYONE knows getting into ISB is not anywhere near as tough as getting into even IIM-K.forget IIM-A!
