ISB

The Indian School of Business (ISB), located in Hyderabad, was founded in 2001 by visionaries from the corporate and academic worlds to meet the need for a world class business school in Asia. Its vision is to emerge as an internationally top-ranked, research-driven independent management institution that grooms future leaders for India and the world. In just over a decade, the ISB is already ranked among the best B-Schools in the world (ranked 29th in 2016 Financial Times Global MBA Ranking).

Conceived as a not-for-profit institution, the ISB is funded by corporate houses, foundations, and individuals. It is associated with numerous global schools, including the Wharton School, the London Business School, and the Kellogg School of Management.

Programmes The ISB offers a unique one-year Post Graduate Programme in Management (PGP), short-duration Executive Education programmes for middle and senior management (CEE), a part-time Post Graduate Programme in Management for Senior Executives (PGPMAX), a five-year doctoral-equivalent Fellow Programme in Management (FPM), and a masters level Programme for family business scions.

Post Graduate Programme in Management The ISB offers full-time one-year Post Graduate Programme in Management (PGPM) that is specially designed for professionals with work experience. The programme combines industry experience with strong fundamentals of management. It specifically caters to corporates, which encourage their high-potential employees to pursue one-year programmes to don leadership roles. The one-year programme minimises career interruptions, saves on opportunity costs, recharges and equips executives for an exciting career ahead.

As international exposure is the key to success in today’s economy, the ISB runs the International Student Exchange Programme, which enables students to study in leading business schools for two terms. To this end, it has tied-up with over 32 leading schools, including those from the U.S. and Europe.

Faculty The ISB boasts of high quality, top-ranked faculty – eminent management intellectuals with research and teaching experience – drawn from premier B-Schools across the world. In addition, the visiting faculty comprises revered professors from Wharton, Kellogg, LBS, Cornell, Chicago, and UCLA.

Campuses The ISB has two world class campuses – in Hyderabad and Mohali — that provide students an ideal study environment. Both the campuses are equipped with state-of-the-art libraries, air-conditioned lecture theatres, computer centres, meeting rooms and auditoriums. The lecture theatres are equipped with a broadband communication network that ensures global connectivity.

Profile of PGP Class of 2017

Batch Size 908
Campus
Hyderabad 623
Mohali 285
Gender
Female 31%
Male 69%
Age
Range 22–42
Average 27
GMAT
Range 590–770
Average 704
Work Experience (in years)
Range 2–20
Average 5 Years
Academic background
Engineers 74%
Non-engineers 26%
Non Indian passport holders 15%

UC Haas

The Haas School of Business at the University of California, Berkeley, is a centre of excellence in  business education. The School, also called Haas, has a hoary tradition of imparting the best quality of management education. It is the oldest business school at a public university in the United States.

The College of Commerce was established in 1898. In 1942, the College of Commerce was transformed into the Department of Business Administration. Thirteen years later, the Graduate School of Business Administration came into being. In 1989, a year after celebrating its centenary, the GSBA was renamed the Haas School of Business, after Walter Haas, Sr., a 1910 alumnus and president of San Francisco-based Levi Strauss for nearly 30 years.

Haas offers a full-time, two-year, residential MBA programme. The full-time MBA curriculum focuses on the “strategic and organizational challenges of innovation, and leading edge innovations in subjects such as finance and marketing”. The course curriculum covers innovation as technological progress. The basic idea behind this approach is that upon graduation, the participants will be able to lead innovatively in organizations ranging from major multinational companies to fast-growing startups, nonprofit organisations, or businesses of their own.

The school is heavily influenced by the teaching and research ethos at Berkeley and by its strong connections with business in nearby Silicon Valley. On-campus visits by executives, including teaching stints, are regular events. While the school has a strong research base it also lays much emphasis on the teaching abilities of faculty members.

The school has over 83 full-time and 125 part-time faculty members. Haas faculty members are renowned the world over for their expertise in their chosen fields of academics. They are also active as business consultants and board members, and as high-level government appointees. The faculty members, with their diverse consulting and managerial experience, continue to challenge current thinking, research new ideas, and affect the future of business.

The average annual intake is about 240. The programme receives approximately 3,700 applications in a year. The course participants come from many countries worldwide and hence bring diverse cultural, academic, and work ethos to the classroom. Some notable alumni of Haas are:

  • Rodrigo Rato, former MD, IMF;
  • Arun Sarin, ex-CEO, Vodafone;
  • Paul Otellini, CEO, Intel;
  • Scott Adams, creator of Dilbert;
  • Ralph Bahna, former chairman of Priceline.com;
  • Allan Holt, Managing Director, Carlyle Group;
  • Shantanu Narayen, president & CEO, Adobe Systems;
  • Bengt Baron, president, Absolut Vodka, and Joe Jimenez, CEO, Novartis..

The admission requirements are: First degree; work experience; TOEFL or IELTS (if first language not English); references; 1-3 essays; interview by invitation, and a laptop.

Find below the profile for the ‘Entering Class for Fall 2014’:

  1. Enrolled students: 241
  2. Women: 43%
  3. Median Age: 28 years
  4. Median work experience: 5 years
  5. Average GMAT: 717

The full-time MBA programme fee is about U.S.$1,12,000 (Class of 2015).

For more info on the Haas MBA, visit http://www.haas.berkeley.edu

IMD

The International Institute of Management Development, more famously known by its abbreviated form, IMD, is ranked among the best business schools in the world. IMD is located in Lausanne, a beautiful and scenic town in Switzerland.

The world-class IMD was established in 1990 following the merger of two business schools: IMI and IMEDE. IMI was founded in Geneva by Alcan in 1946, while IMEDE was established by Nestle in Lausanne in 1957.

The full-time MBA programme at IMD is consistently rated among the world’s best. The MBA programme at IMD is geared to meet one specific need of the corporate world—develop leaders, and not just managers.

To this end, the MBA programme at IMD challenges students to expand their global business knowledge base, thus being intensive and international in scope.

Also, with a student faculty ratio of 3:1, the MBA programme is highly personalised so that each student is challenged by his 89-90 classmates.

The duration of the programme is 10 months. The teaching methods employed during the intensive course include Case Study discussions, hands-on projects, leadership exercises, and intensive personal coaching.

Apart from core courses like finance, students learn what it takes to lead multinational workforces, communicate with stakeholders, develop creative solutions to business issues, and drive innovation through entrepreneurial practices—in short, all those skills which would help them understand and thrive in the real time corporate scenario.

For a business school of its size and reputation, the class size is very modest. The school has an intake of about 90 students. These students come from a wide variety of countries, bringing diversity to the classroom, which is often seen as the hallmark of a great school. The students have a minimum work experience of about 3 years, thus bringing in rich and varied industrial experience to the classroom.

Following are the statistics related to the Class of 2013: Class enrollment – 90; Nationalities represented – 45; Average age at entry (min. 25) – 31; Average years of work experience (minimum 3) – 7; Women – 24%. The educational background of the class is as follows: Engineering – 34%; Business and Commerce – 19%; Finance and Economics – 16%; Social Sciences – 14%; Natural Sciences – 9%; IT and Computer Science – 8%.

IMD believes in an integrated faculty (that is, without departments) and feels this can only be achieved with modest faculty numbers. The MBA programme is also small (IMD puts a lot of its effort into executive education). Its contacts with global business are excellent and its numerous corporate partners are keen supporters of the school, sending their managers there on short courses and recruiting MBA graduates.

To get into the IMD MBA programme, the following are the admission requirements: First degree; at least three years’ work experience; three references; 10 essays; interview; laptop; and strong command of written and spoken English.

Along with these, an aspirant would need to submit the school’s online application form with three letters of recommendation. The school would then inform the aspirant of an on-campus interview (i.e. if short-listed), which forms a very important part of the evaluation process. The tuition fee for the 10-month MBA programme at IMD is about U.S.$90,000, which includes the fee for the project.

Famous alumni

  • Harsh Goenka, Chairman, RPG Enterprises
  • Paul Bulcke, CEO, Nestle
  • Philipp Humm, CEO, T-Mobile USA
  • Oswald Grübel, CEO, UBS
  • Søren Skou, CEO, Maersk Line
  • Mark Rutte, Prime Minister, Netherlands
  • Susanne Klatten, Member of the Board, BMW
  • Thomas Schmidheiny, Chairman, Holcim
  • Matti Alahuhta, CEO, Kone Corporation
  • Jon Fredrik Baksaas, President and CEO, Telenor
  • Svein Aaser, CEO, DnB NOR
  • Mark Opzoomer, CEO, Rambler Media
  • Milinda Moragoda, Sri Lankan Cabinet Minister of Justice, Law Reform and MP
  • Gerard Kleisterlee, CEO, Royal Philips Electronics
  • Bjarni Ármannsson, CEO, Glitnir Bank, Iceland
  • Michael Patsalos-Fox, Chairman, Americas, McKinsey & Company
  • Ian Charles Stewart, Founder, Wired
  • Diego Molano Vega, Minister of Information Technologies and Communications,Colombia
  • René Müller, CEO, GMC SOFTWARE AG, Switzerland
  • Prince Pieter-Christiaan of Orange-Nassau, van Vollenhoven, Netherlands

For more info about IMD, visit www.imd.org

LBS

The London Business School (LBS) is one of the few non-U.S. business schools that consistently finds a place in lists of global top ten B-Schools that are drawn up by various international business magazines every year. Located in London, one of the financial and business nerve centres of the global economy, LBS is uniquely placed to take advantage of its access to the vibrant London business community.

Founded in 1964, the London Institute of Business Management (as it was called then) offered an MSc degree in management. The school changed its name to London Business School in 1986, and the MSc programme was renamed MBA (Master of Business Administration) in 1987. The school currently offers six degree programmes–the widest range among the top business schools in the world. In addition to offering a full-time MBA programme, LBS offers a Master in Finance programme, an Executive MBA programme, and dual EMBA-Global programme (the last one in collaboration with the Columbia Business School), the Sloan Leadership and a Doctoral programme in management.

Diversity is the hallmark of LBS with over 1000 students from 100 countries pursuing postgraduate education in the campus. The school also boasts of a multinational faculty team comprising over 140 faculty members from over 30 countries. The international character of this school can be gauged from the fact that over three-fourths of the faculty and students come from outside the UK.

The MBA programme at LBS is one of the most sought-after and also one of the most rigorous in the world. MBA students take a prescribed set of core courses that include courses in Finance, Marketing, Strategy, Managerial Economics, Financial Accounting, Information Management, Operations Management, Business Ethics and Corporate Social Responsibility, and Organisational Behavior. Interestingly, students are also required to take a course in a second language (other than English). Most of the core courses are completed in the first year. In the second year, students focus on the core areas they want to specialise in. LBS students are spoilt for choice as far as electives are concerned: they have over 70 optional courses to choose from! The fee for pursuing the full-time MBA programme commencing in August 2014 is  approximately £64,200.

LBS’ Master in Finance (MiF) programme, one of the best of its kind, is the degree of choice for those who wish to make it big in investment banking. The MiF degree from LBS is widely seen as a passport to the ‘City’ (investments banks that have offices in the heart of the London Business District).

The EMBA programme is tailor-made for fully-employed professionals and is just as rigorous and demanding as the full-time MBA programme is. Participants of the EMBA-Global programmes are awarded dual degrees: from LBS and the Columbia Business School.

LBS is also at the cutting edge of management research and is home to several world-class research centers including Hedge Fund Centre, Centre for Corporate Governance, Coller Institute of Private Equity, Deloitte Institute of Innovation & Entrepreneurship. In addition, LBS has a centre that is devoted to research in India’s role in global economy: The Aditya V Birla India Centre.

LBS has more than 36,000 alumni in over 130 countries. Some renowned alumni of LBS are:

  • Cyrus Mistry, Chairman, Tata Group;
  • M. Birla, Chairman, A. V. Birla Group;
  • Tony Wheeler, founder, Lonely Planet;
  • Huw Jenkins, CEO, UBS Investment Bank;
  • Sir Chris O’Donnell, CEO, Smith & Nephew, and
  • John Sunderland, Chairman, Cadbury Schweppes.

For more information about LBS, visit www.london.edu

IESE

IESE Business School, located at Barcelona, is the graduate business school of the University of Navarra in Spain. IESE stands for Instituto de Estudios Superiores de la Empresa, which in transliteration, means Institute of Higher Business Studies.

Rankings

Founded in 1958, IESE Business School is regarded as a centre of excellence for management education. It has consistently been ranked among the top ten MBA programmes in the world. In fact, IESE Business School has been by ranked The Economist’s Which MBA?2013 survey as the world’s fifth best business school for full-time programmes.

  • #1 in Executive Education by Financial Times 2012 Executive Education Ranking
  • #1 In Europe for Open Programmes, Financial Times 2011
  • #3 Best International Two-Year Programme, Forbes Magazine 2011
  • #2 in Open Programmes, BusinessWeek 2011
  • #1 in Europe, The Economist 2010

In 1958, when executive education was not known and offered outside the U.S., IESE Business School began with executive education programmes for business managers. The launch of these programmes opened a new chapter in the evolution of management education for managers in Europe.

In 1964, IESE Business School became the first continental European business school to launch a two-year MBA programme. The programme was launched under the guidance of an advisory committee set up by Harvard Business School and IESE Business School. By 1967, IESE Business School had assisted in the establishment of 16 associated schools on four continents. In 1974, to meet the ever-growing demand for executive education, IESE opened a campus in Madrid, capital of Spain.

IESE Business School has an annual intake of 500 for MBA, 520 for Executive MBA, 60 for Global Executive MBA, 41 for MRM and PhD, and 520 for Executive Education. The world-renowned faculty at IESE Business School includes 100 full-time and around 70 external collaborators.

IESE Business School has two top class campuses in Barcelona and Madrid, a center in New York and offices in Munich and São Paulo. The school also delivers diverse programs all over the world. Realizing the fact that in a fast-paced world where all things are customized to meet the requirements of the markets, in the 1990s, IESE entered into joint-programmes with top-notch American B-Schools (like Harvard Business School, Stanford Graduate School of Business, and MIT Sloan School of Management) to offer open-enrollment and customised programmes.

IESE Business School’s success is built on a humanistic approach to business and leadership, complemented by a world class faculty producing ground-breaking research; the global scope of its programs, faculty, students and campuses; a practical and relevant teaching methodology; and a growing alumni network of 40,000 professionals world-wide prepared to take on today’s challenges and lead business into the future.

The MBA programme at IESE Business School is designed to reflect mirror real business situations and prepare participants for future goals. One of the teaching tools is the case study method, through which students are taught to analyse and tackle business situations.

MBA students at IESE Business School are imparted exceptional management skills, which help them thrive and come up trumps in a diverse, multicultural business environment. In a highly diverse class-room where students come from different parts of the world, they set up networks of peers with a global outlook. As this B-School itself proclaims, students are taught to ask not what, but how and why.

A two-year full time MBA programme at IESE Business School could cost about €59,000 excluding off-campus accommodation. Some of the notable alumni of IESE Business School include Juan Antonio Samaranch, former president of the International Olympic Committee, Luis Hernandez de Cabanyes, chairman, Renta Corporacion, and Maria del Pino, CEO, Unisono.

The  Economist Which MBA? 2013 survey notes that one of the main reasons that IESE Business School does so well is the quality of its careers placement. IESE graduates can expect an average salary of around U.S.$1,17,260, which represents a 153% increase on their MBA salary, with 95% of graduates finding a job within three months of graduation. The average work experience of 500 participants in the MBA programme is five years, with an average GMAT score of 680. For more information about IESE Business School, visit www.iese.edu.

NW Kellogg

Founded in 1908, the Kellogg School of Management at Northwestern University is widely recognised as a global leader in graduate business education. The school is home to renowned, research-based faculty and MBA students from more than 50 countries and six continents. Indeed, each year, approximately one-third of the school’s incoming class comes from outside the United States.

The Kellogg School of Management approaches management education holistically, emphasising analytical skills, people skills, in-depth business fundamentals, teamwork, and action-learning.  The Kellogg curriculum is designed so that students build a strong business foundation through required core courses and also have the flexibility to pursue a wide variety of elective courses. Of the more than 180 electives offered, several incorporate real-time and real-world problem-solving projects with companies worldwide and prepare students for today’s management issues.

Kellogg revolutionised graduate management education more than 50 years ago when it introduced executive education into its program, being one of the first business schools to do so. In the 1970s, Kellogg again changed the face of graduate management education when it introduced the teamwork concept into its curriculum. Both the Kellogg executive education and teamwork models have been emulated by business schools worldwide.

Programs

Kellogg offers the full-time MBA program, a part-time MBA program, an Executive MBA program and the Executive Education program. The school also offers three joint degree programs: the JD-MBA; the MD-MBA, and the Master of Management and Manufacturing (MEM-MBA).

In 2006, the Kellogg School launched the Kellogg-Miami Executive MBA program, located just outside of downtown Miami in Coral Gables, Florida. The program was initiated as part of a strategic global expansion campaign for the Kellogg School, geared toward better serving business education needs worldwide. Kellogg-Miami uses the same successful methods that are the foundation of the existing Kellogg School North American EMBA programs held on the Northwestern University campus in suburban Chicago. Additionally, the program offers Latin America-focused electives for those students who are interested. The Kellogg EMBA program has been ranked No. 1 by BusinessWeek and U.S. News & World Report for more than a decade.

Kellogg established the International Executive MBA Joint Degree Program (IEMBA) in Asia, Europe, the Middle East, and Canada beginning in 1996. Kellogg partners include the Leon Recanati Graduate School of Business Administration at Tel Aviv University in Israel; WHU-Otto Beisheim Graduate School of Management in Vallendar, Germany; The School of Business and Management at the Hong Kong University of Science and Technology in China, and the Schulich School of Business at York University in Toronto, Canada.

The annual intake is 625 and the average work experience is 5 years. The average GMAT for the class entering in 2013 is 715, with approximately 75 percent of enrolled students scoring between 650 and 740. The estimated total costs for the 2013-2014 academic year, including tuition, books and materials, computer equipment and living expenses, will be U.S.$87,190 for Two-Year MBA students; tuition is U.S.$59,085. The school recognizes three-year undergraduate programs (like B.Com) that are offered in India. In short, the admission requirements are: Bachelor’s degree; work experience (minimum two years); GMAT or GRE; TOEFL; two references; essay, and interview.

In Brief: Cultivating Leaders

Continually evaluating its curriculum, the Kellogg School involves students, corporate leaders, alumni, faculty and recruiters in identifying current and future trends to ensure that its program remains relevant. For example, during pre-term all incoming full-time MBA students are required to take an intensive management and organisations course. ‘Leadership in Organisations’ focuses on ethical decision making and effective team building, immediately providing new students with a common language about leadership and ethics. In subsequent courses, faculty discuss the ethical implications of various business decisions. All second-year students are required to complete ‘Values and Crisis Decision Making’. This intensive course is taken during pre-term, following the students’ completion of summer internships, and culminates in a 24-hour crisis management simulation.

During their time at the Kellogg School, students have numerous opportunities to further develop their leadership skills through experiential workshops, conferences and other activities. The school also provides all first-year students with a 360-Degree Leadership Assessment program, which queries the students on several aspects of leadership and will ultimately provide concrete feedback for the students to develop their own leadership plans.

The Kellogg School’s strong global foundation ensures students and alumni valuable access to companies worldwide and informs faculty expertise on a range of international business issues. The school’s partnerships and alliances with renowned universities around the world create numerous opportunities for exchange programs and executive education seminars.

With nearly 70,000 alumni worldwide, the Kellogg Alumni Network includes CEOs and senior executives across industries and within the public, private, and nonprofit sectors.

Famous alumni

  • Arthur Andersen, founder of the auditing firm bearing his name, member of faculty between 1909 and 1922; member of the Northwestern University Board of Trustees in 1933–34.
  • Ali Babacan, Deputy Prime Minister of Turkey
  • Bala V. Balachandran, J. L. Kellogg Distinguished Professor of Accounting and Information Management.
  • Ronald Dye, faculty member since 1986, Chairman of Department of Accounting & Information Management since 2001 and Leonard Spacek Professor of Accounting Information & Management.
  • Shane Greenstein, an expert on the business economics of computing, communications and the internet and the chair of the Management and Strategy Department from 2002 to 2005.
  • Ravi Jagannathan, Chicago Mercantile Exchange/John F. Sandner Professor of Finance.
  • Philip Kotler, #4 management guru of all time as ranked by the Financial Times and marketing scholar.
  • Marvin Manheim, William A. Patterson Distinguished Professor of Transportation.
  • Dale T. Mortensen, awarded the Nobel Prize in Economics in 2010 for his work on the search and matching theory of frictional unemployment.
  • Keith Murnighan, Harold H. Hines Jr. Distinguished Professor of Risk Management.
  • Roger Myerson, faculty between 1976 and 2001; winner of the 2007 Nobel Prize in Economics.
  • Mark Satterthwaite, A.C. Buehler Professor in Hospital and Heath Services Management.
  • Mohanbir Sawhney, pioneer in the field of technology management, and selected as one of the 25 most influential people in e-Business as ranked by Businessweek in May 2000.
  • Dr Prabha Sinha, Co-Founder of ZS Associates, was an Associate Professor of Marketing at the Kellogg School of Management until 1987.
  • Robert J. Weber, the Frederic E. Nemmers Professor of Decision Sciences.
  • Oprah Winfrey, the American media proprietor, talk show host, actress, producer, and philanthropist, taught a Dynamics of Leadership course until 2001.
  • Robert C. Wolcott, Co-Founder and Executive Director of the Kellogg Innovation Network (KIN).
  • Andris A. Zoltners, Co-Founder of ZS Associates, is a Frederic Esser Nemmers Distinguished Professor Emeritus of Marketing at Kellogg, where he had been a faculty member for more than 30 years.

For more information on the Kellogg School of Management, please visit  www.kellogg.northwestern.edu

Business School Ranking

U.S. MBA
Bloomberg Businessweek 4
U.S. News & World Report 4
Worldwide MBA
Business Insider 11
CNN Expansion 17
Economist 23
Financial Times 15

Dartmouth Tuck

of business in the world. At the time, given the fact that the U.S. economy was fast expanding, a large number of college graduates were going into business. Also, as there were no management schools, an acute need was felt for a business school, which could help impart essential and advanced knowledge of management.

To fill up this space, in 1900, the Amos Tuck School of Administration and Finance was set up by Edward Tuck (the school was named in memory of his father). However, in 1941, the school’s name was changed to the Amos Tuck School of Business Administration.

Tuck’s primary goals are, to offer the world’s best business leadership education, and to have a faculty of thought leaders. The school offers true access to exceptional faculty and a broad range of career opportunities.

Today, the Tuck MBA is ranked among the best programmes in the world. The school offers only the full-time, residential MBA programme.

The small size of the school enables it to easily adapt to emerging practices in management education. The school constantly reviews and upgrades its course structure to keep pace with the dynamic nature of business education. Tuck provides its students with comprehensive coverage of the world’s best business practices and exposure to leading-edge concepts in all important business disciplines. The wide range of electives (nearly 60) helps students concentrate on their chosen areas of study.

Students at Tuck also have the opportunity to undertake faculty-directed independent research and projects, pursue joint and dual degrees, participate in global consulting projects, and explore their professional and personal interests through student organizations. Such activities help students explore and expand their potential as leaders.

This is what the Which MBA survey (carried out by The Economist Intelligence Unit) has to say about Tuck: “The school is noted for general management, teamwork, close student–faculty relations and the Tuck “experience” of a small residential programme in a beautiful, semi-rural setting. Almost all work is done in assigned teams and the ability to succeed in collaborative work is essential. This is backed up by students, who comment on Tuck’s community spirit and, given the school’s fairly remote location, the excellent job done by the careers service.”

Tuck boasts of a world-class faculty, who leverage their research and teaching activities to broaden the knowledge horizon of students. Tuck partners with many institutes including the Fletcher School of Law and Diplomacy at Tufts University; Kennedy School of Government at Harvard University, and Thayer School of Engineering at Dartmouth College.

The Class of 2016 has 281 participants from 26 countries, with previous full-time work experience of 100%. The average GMAT score of the current class is 716; women make up 32% of the class.

The admission process, which is highly selective, is based on transcripts, GMAT/GRE scores, essays, recommendations, interview, and written application, while TOEFL is required for most international applicants. The total cost of the Tuck MBA programme comes to nearly U.S.$1,85,000, which includes expenses toward books, board, insurance and housing. For more information on the Tuck MBA, visit www.tuck.edu.

Noted alumni

  • Eric A. Spiegel, CEO, Siemens USA;
  • Jim Weber, CEO, Brooks Running Company; John Bello, founder of SoBe Beverages and former President of National Football League Properties;
  • Peter R. Dolan, ex-CEO, Bristol-Myers Squibb;
  • William F. Achtmeyer, current Tuck School Board of Overseers Chairman and Parthenon Group Co-Founder;
  • Kevin McGrath, CEO, Digital Angel;
  • Christopher A. Sinclair, former CEO, PepsiCo;
  • Kamran Pasha, screenwriter and director;
  • Sean M. Joyce, Deputy Director of the Federal Bureau of Investigation, and
  • Don M. Wilson III, former Chief Risk Officer of JPMorgan Chase.

Harvard GBS

Yale President Richard Levin remarked in 2001: “Harvard is blessed with the broadest and deepest assembly of intellectual talent and academic resources in the world, and it is to Harvard that the whole world looks for leadership. These are mere facts.”

Seven presidents of the United States of America (John Adams, John Quincy Adams,   John F. Kennedy, Franklin D. Roosevelt, Theodore Roosevelt, Rutherford B. Haynes, and George W. Bush) have graduated from Harvard University. Since 1974, 19 Nobel Prize winners and 15 Pulitzer Prize winners have served on the Harvard faculty. Around 75 Nobel Prize winners have associated with the University while 167 Harvard faculty are in the United States Academy of Sciences. The University boasts the largest University library in the world and the third largest in the world after the Library of Congress and the British Library. Harvard also has the largest financial endowment, with $32 billion in 2012.

Harvard Business School, also known as HBS, is one of the graduate Schools of Harvard University. The School’s official name is ‘Harvard University Graduate School of Business Administration: George F. Baker Foundation’. The School was established in 1908 in Cambridge, Massachussetts, with 59 students. Since then, the School has produced leaders and ideas that have shaped the way the world does business. An iconic B-School, it pioneered the case study method of teaching, developed the first entrepreneurship program, and popularised the amphitheatre model of classrooms.

By the 1920s the class size reached around 500 students. In 1927, the School was moved  to its present location in Allston, near Boston. This new campus was across the Charles river from old campus and hence the custom of referring to the rest of the University as ‘across the river’, started. Currently, the the School’s MBA Class of 2015 has 941 students, which makes its program one of the largest in the world. The entire batch is divided into sections. Each section takes classes together for the first year. The aim behind this is to form a deep social bond amoung the students who hail from different countries and cultures.

Teaching is almost exclusively done through the case method, also referred to as the Socratic method. In 1911, the “problem” method, the predecessor to the case method, was introduced to the classroom where businessmen were invited to present real life problems to students. In 1925 the case method was introduced as a powerful interactive learning process which is continued till date. Case studies replicate actual business situations and are taught so that students work together to make difficult decisions under typical management conditions, including a lack of complete information, complex tradeoff situations, and time pressure. This method provides the students with the skills, insight, and self-confidence – all necessary to meet the demands of real business situations.

HBS faculty work with leaders in organisations across the world to research and write about 350 cases every year, out of which 85% are international business issues. The course content at HBS is updated every year to ensure relevance to the current and emerging practices. A majority of case studies used as teaching tools by B-Schools all over the world come from HBS.

The School attaches a lot of importance to research that has had great impact on business as well as on teaching at
B-Schools. HBS contributions range from key advances in the nature of leadership, strategy and decision making to organisational behavior. The School has a  self-funded research budget of $70 million. The School has research centers and offices in many cities around the world including in Hong Kong, Tokyo, Buenos Aires, São Paulo, Paris, and Palo Alto that coordinate research and build local relationships. Every year the faculty authors or co-authors about 35 books and produces more than 300 academic papers. The School owns Harvard Business School Publishing, which publishes business books, teaching cases, and the monthly Harvard Business Review.

HBS has one of the most distinguished faculty members among all B-Schools. In 1985, ‘Prophets of Regulation’, by Thomas McCraw, received the Pulitzer Prize and in 1997, Robert C. Merton received the Nobel Prize in Economics.  Both Thomas and Robert are professors of the faculty. In addition to being leaders in their academic fields, many of HBS faculty have hands-on business experience as consultants, entrepreneurs, investors, advisors, board members, and executives.

The School has 45 acres of campus with 32 buildings with state-of-the-art class rooms, meeting spaces, and the Baker Library. It offers MBA, Doctoral program and several executive development programs.

An admission ticket to Harvard Business School is a hot commodity. Approximately 9,000 students applied last year; just 13% got in. The cost of education in HBS is around U.S.$90,000, including board and lodge, for each year and about 65% of the students who are admitted get some kind of financial assistance.

The mediun base salary of the 2012 graduating batch was U.S.$120,000 per annum. About 1400 companies are recruiting partners with the B-School. Currently, 57 chief executives of Fortune 500 companies are HBS alumni, by far the largest representation by any B-School.

A century after its founding, HBS continues to be “the brand” for management education and it is one that everybody would love to have in their resume.

Stanford GBS

The Leland Stanford Junior University, commonly known as Stanford University,  is a private university founded by railroad magnate and California Governor Leland Stanford and his wife, Jane Stanford. The University was named in the honour of their son, Leland Stanford, Jr. who died of typhoid as a teenager. Stanford is located in Stanford, which is located in the world-renowned Silicon Valley, California. The University is often referred to as “The Farm” because it is located on the same place what was once the site of Leland Stanford’s horse farm. Stanford is widely regarded as one of the most prestigious universities in the United States. It enrolls around 7000 undergraduates and 8900 graduate students. The University has approximately 1700 faculty members including 19 Nobel Laureates and 23 McArthur fellows.

Stanford offers MBA programs through its Graduate School of Business (GSB), which is widely regarded as one of the premier business schools in the world. Stanford GSB is almost always listed among the top five programs in the world in all the leading B-school rankings. This consistently high ranking can be attributed to the scope of the school’s research endeavours, its role in the development of Silicon Valley’s leading businesses, and the prominence of its alumni in many leading venture capital and private equity firms, consultancies, and emerging tech companies.

The Stanford Graduate School of Business was founded by the business leaders on the American West Coast as they were concerned that California’s young people were moving to the East Coast to attend business schools and then were remaining there. The school was proposed by Herbert Hoover (who later became U.S. President) when he was the secretary of commerce in the Calvin Coolidge cabinet. The school was established in 1925.

There are currently 799 MBA candidates and 101 PhD candidates enrolled at the GSB. The Stanford GSB has historically been the most selective business school in the U.S., where, for the class of 2012, only 6.8% of applicants were offered admission.  The average GMAT score was 728 and the students had an average work experience of four years. Almost 50 per cent of students had humanities or social science degrees, about 35% had engineering degrees, and the remaining had business degrees. Around ten per cent of the students had advance degrees in their respective fields.

The school is relatively diverse compared to its peer institutions. The most recent class was approximately 35% female, 20% ethnic minorities, and 42% international. Last year’s intake of approximately 400 students represents more than 50 different countries and 159 different colleges and universities. The student body also has Fulbright scholars and Coro, Gardner, Rhodes, Rotary, and Truman fellows.

There are three Nobel Prize winners on the faculty (Michael Spence, Myron Scholes, and William Sharpe). The GSB has 18 members of the American Academy of Arts and Sciences, and five members of the National Academy of Sciences and three recipients of the John Bates Clark Medal in Economics. The GSB faculty maintains very close links with the venture capital, finance, and technology firms located in the Silicon Valley.

All the major companies hire Stanford MBAs and the top four hiring industries were financial services, management consulting, technology, and consumer products. The median base salary offered by the companies was around U.S.$125,000 and the average sign on bonus was U.S.$20,000.

Stanford GSB operates with an annual operating revenue U.S.$156 million and is the second wealthiest business school in the U.S. with an estimated endowment of over U.S.$980 million and a per capita endowment similar to that of Harvard Business School. Stanford GSB has partnerships with other leading business schools. The school offers a number of Executive Education programs jointly with Harvard Business School, MIT Sloan School of Management, and the London Business School.

Famous alum.ni

  • Jeffrey Bewkes, President & COO, Time Warner
  • Carlos Brito, CEO, Anheuser–Busch InBev
  • John Browne, Chairman, BP
  • Sir Howard Davies, Director of the London School of Economics, former Deputry Governor of the Bank of England
  • Robert Fisher, Chairman, Gap, Inc.
  • Vinod Khosla, Billionaire, Co-Founder, Sun Microsystems, and Founder, Khosla Ventures. Venture Capitalist, Kleiner, Perkins, Caufield & Byers
  • Phil Knight, Billionaire. President, CEO and Founder, Nike, Inc.
  • Richard Kovacevich, Former Chairman and CEO, Wells Fargo
  • Henry A. McKinnell, Chairman and CEO, Pfizer Inc.
  • Scott McNealy, Co-founder, Chairman, & former CEO, Sun Microsystems
  • Tom Peters, Best-selling author and management guru

Chicago Booth

The University of Chicago Booth School of Business (BSB) is the second oldest business school in the United States. The BSB was previously called the Chicago Graduate School of Business. In 2008, the school was named after alumnus David Booth following a U.S.$300 million donation, the largest gift in the university’s history.

The BSB was launched in 1898 by Edmund James, a former director of the Wharton School. The school has consistently featured among the top business schools in the world in various rankings. In fact, The Economist’s Which MBA survey ranks BSB as the world’s best school for full-time MBA programme.

For more than a century, the Chicago BSB has been known as an innovator in business education and a creator of ideas which have revolutionized the business school education as well as business practices. The University of Chicago BSB can boast of many firsts: It is the first business school to have a Nobel Laureate on its faculty (George Stigler). It can also boast of having had George Stigler, Merton Miller, Ronald Coase, Gary Becker, Robert Fogel, and Myron Scholes, all Nobel Economics Laureates, on the faculty, another first for a B-School. Chicago BSB was the first to initiate the PhD programme in business in 1920, the first to award a business PhD to a woman, the first to offer an Executive MBA degree in 1943 and the first to establish a minority relations programme in 1964.

Chicago BSB is the first and probably the only top U.S. business school with permanent campuses in three continents: Asia, Europe, and North America. In North America, the main campuses are located in Chicago. The Hyde Park Centre, located seven miles from downtown Chicago, is the platform for the regular MBA and the Doctoral programmes. The platform for the Executive MBA, weekend MBA and non-degree Executive education programmes is the Gleacher Centre. The centre is located in downtown Chicago in proximity to the NBC Tower and the Wrigley Building and features stunning views of Chicago skyline and waterways. The European campus is in London and is located in the heart of the city’s financial district. The Asian campus is located in Singapore, with a new campus coming up in Hong Kong in 2014.

The school now has 1162 full time MBA students, 123 PhD students, 354 weekend MBA students, 1119 Evening students, and 539 Executive MBA students. The school has 205 faculty.

For MBA students, the school offers a very flexible curriculum. For graduation, the required courses are very few while the number of electives offered is huge. So, students are free to choose classes that suit their individual experiences, interests, and career goals.

Notable faculty at BSB include Eugene Fama, the co-winner of this year’s Nobel Prize in Economics (for empirical analysis of asset prices) and the originator of the efficient market theory; Steven Levitt, author of Freakonomics and winner of the prestigious John Clark Medal (given once every two years to the most outstanding American economist under the age of forty); Kevin Murphy, a recipient of John Clark Medal, and John Bates, behavioral economist, all serve on the faculty board of Chicago BSB.

The Chicago MBA students are recognized, respected and sought after by the world’s top business organisations. Students at Chicago BSB come from more than 43 countries and nearly every industry and background imaginable. The school has an annual intake of 575.  Last year, the average salary offered was U.S.$113,217 per annum; the average GMAT score of the Class of 2013 was 722 while the average age and average work experience was 27 and five years. The programme tuition fee is around U.S.$112,000.

Famous Alumni

  • John Meriwether (CEO and Principal of JWM Partners, former CEO of Long Term Capital Management)
  • Peter G. Peterson, Chairman of The Blackstone Group; U.S. Secretary of Commerce, 1972-73
  • Roger G. Ibbotson, founder of Ibbotson Associates
  • Jon Corzine, former Governor of New Jersey & former CEO of Goldman Sachs
  • Brady Dougan, CEO of CSFB
  • Mark Loughridge, CFO of IBM
  • Michael Larson, Investment Manager of Bill Gates
  • Brady Dougan, CEO of Credit Suisse Group
  • Frederik “Frits” Seegers, CEO of Global Retail and Commercial Banking at Barclays
  • William E. Conway, Jr., Founding Partner and Managing Director of The Carlyle Group
  • Luis Miranda, President and CEO of IDFC Private Equity, India’s largest infrastructure private equity firm
  • David G. Booth, Co-founder and CEO of Dimensional Fund Advisors
  • John Meriwether, Founder and CEO of JWM Partners; Founder of Long-Term Capital Management, one of the world’s most influential hedge funds
  • Susan Wagner, co-founder and COO of BlackRock
  • Charles M. Harper, former Chairman and CEO of ConAgra Foods, Inc.
  • Mark Loughridge, CFO of IBM
  • Tom Schoewe, CFO of Walmart
  • John S. Watson, Chairman and CEO of Chevron Corporation
  • Richard Teerlink, former Chairman and CEO of the Harley-Davidson Motor Company
  • Satya Nadella, President, Server & Tools Division at Microsoft
  • James O. McKinsey, Founder of McKinsey & Company
  • Harold L. Sirkin, Senior Partner of The Boston Consulting Group (BCG) and adviser to U.S. President Barack Obama
  • David Lawee, Head of Corporate Development at Google