Hyderabad & Mohali: The Indian School of Business (ISB) today celebrated the success of its ranking in Financial Times London ‘Top 50 Global MBAs for Finance’ by ‘Ringing the Bell’ at the Bombay Stock Exchange (BSE). ISB continues to be the only Indian B-School in the Top 50 FT Finance MBA ranking globally. Mr Adi Godrej, Chairman, Godrej Group and Member, ISB Executive Board led the bell ringing ceremony. Other dignitaries present during the ceremony were – Professor Rajendra Srivastava, Dean ISB; Professor Krishnamurthy Subramanian, Executive Director – Centre for Analytical Finance and Associate Professor of Finance at ISB; Mr Raamdeo Agrawal, Co-founder, Motilal Oswal Group; Mr Ashishkumar Chauhan, MD & CEO of BSE Limited; Mr Arun Thukral, MD, Axis Securities Ltd; and Mr Prakash Kalothia, CEO & Managing Director, Lapis India Capital. As part of the ceremony, a panel discussion on ‘Future of Finance as we know it’ was organised.
Professor Rajendra Srivastava, Dean ISB announced ISB’s entry in the city of Mumbai through its first off-campus programme-‘PGPpro’ (a weekend programme for working professionals). He also announced that a PGP in Finance would also be launched in Mumbai soon. He thanked the recruiters and alumni from Mumbai who were present there during the event. He said, “Mumbai is the financial capital of India and what could be a better place to announce the PGP Finance, which is exclusively for the people working in the Finance sector. Many of our faculty are on the boards of banks and financial institutions and also contribute to policy-making decisions at national level.
It’s a moment of pride for us and we are very happy that our ranking has gone up from the last year. This has been possible due to the success of our alumni network, our recruiters, strong research credentials of our faculty and support from the industry. Today’s Bell Ringing not only celebrates our success but also marks our entry in the city, he further added.
The panel moderated by Professor Krishnamurthy Subramanian discussed the topic around the changing dynamics of finance and how can that be inculcated in management programme to make students industry ready.
ISB has been ranked at number 44 in the recent rankings released by Financial Times, London for the Top 50 Global MBAs for Finance. The school has improved 2 positions over its previous year rankings and has been judged on various parameters such as:
* ISB is among the top five schools globally in terms of salary percentage increase.
* Increase in the percentage of female students in finance
* Research in the area of Finance (in terms of publishing journals)
* Alumni working in the Finance Sector
The school continues to progress on parameters such as value for money rank, career progress rank and career service rank compared to the last year rankings. The percentage of female students in finance has been increased from 11% last year to 31% this year. Similarly the salary increase percentage this year is 178% compared to 135% of last year.
ISB has a large alumni network of 9600 alumni with a good number of them working in the financial sector. Around 13% of our alumni network work in the Banking and Finance sectors with companies like Citi Group, Goldman Sachs, Deutsche Bank, J P Morgan Chase, Barclays Bank, Societe Generale, ICICI Bank, Axis Bank, Matrix Partners, UBS among others, and several of them run their own ventures. ‘Artha’ – a platform that connects students and alumni, with the industry leaders and policymakers in the area of finance and banking is one of the signature events of the ISB students. The Finance club again connects students with the alumni network and industry leaders in this area through various activities and events. The alumni are now forming themselves into a Special Interest Group (SIG) in the area of Fintech.
Note: The FT rankings are based on a survey of ISB’s alumni who have graduated from the Post Graduate Programme in Management (PGP) three years ago, restricting the analysis only to those who work in finance.