The 6900 plus strong alumni community of the Indian School of Business (ISB) is leaving no stone unturned to further strengthen the connect to the Alma Mater as more alumni coming back to School to contribute in their own way to its growth. The warmth of giving back to ISB is getting stronger every year.
Dr Satyanarayana Chava, Chief Executive Officer, Laurus Labs, is a repeat contributor. An alumnus of the Founding Class of Post Graduate Programme in Management for Senior Executives (PGPMAX), Dr Chava has agreed to contribute a monetary grant through his company, his second, to enhance the quality of teaching and research by funding Rs 1.5 crore spread over three years. Earlier he had contributed to ISB to support the ‘Technology Commercialisation Programme’ for scientists at ISB.
A Memorandum of Understanding (MoU) was signed on Tuesday, July 21, 2015, between Laurus Labs and ISB represented by Dr Satyanarayana Chava, CEO Laurus Labs and Ajit Rangnekar, Dean ISB respectively.
Speaking about the collaboration, Ajit Rangnekar, Dean ISB said, “ISB alumni are our brand ambassadors and standard bearers. They contribute to the School through Work, Wisdom and Wealth. Dr. Satya Chava is an inspiration for all of us. He has created a very successful business, and is passionate about contributing to social causes. On behalf of the ISB community, I thank him for his generosity.”
Dr. Chava has a successful track record of 26 years in the pharmaceutical industry, especially Research & Development, manufacturing and business development.
Speaking about this initiative, Dr Chava, said, “We consider this an investment in the future through ISB. It is my belief that the value of any great institution like ISB comes from three angles – its faculty, its students and the learning environment that it provides. We decided to invest in the first and contribute to building the faculty.”
Glimpses: ISB Alumni contributions
This has been a tradition at ISB for every graduating class to leave behind a gift for the School ranging from support for infrastructure to scholarships for the future classes. ISB alumni have established an Alumni Endowment fund which is used mostly for scholarships and research support.
1. PGPMAX alumni have contributed around Rs 66 lakhs to the Alumni Endowment Fund as their class legacy gift to institute scholarships and add to the research resources.
2. Total amount of alumni contributions over the last six years–around Rs 3.5 crore
3. Class gifts received– Around Rs 2 crore
4. Largest gift by an individual alumnus for scholarships-Nurture India scholarships–Rs50 lakh
5. Several alumni ventures incubated under the EDI have contributed around Rs 1 crore as on date
The ISB
The Indian School of Business (ISB) is a global Business school offering world-class management education across its two campuses – Hyderabad and Mohali. The School has grown at a rapid pace over the fourteen years since its inception and already has several notable accomplishments to its credit – it is the youngest school ever to consistently rank among the top Global MBA programmes, the first institution in South Asia to receive the prestigious AACSB accreditation, one of the largest providers of Executive Education in Asia, and the most research productive Indian management institution. A vibrant pool of research-oriented resident faculty, strong academic associations with leading global B-schools and the backing of an influential Board, have helped the ISB fast emerge as a premier global Business school in the emerging markets.
ISB is the only top rated B school in India that accepts only GMAT scores to its flagship 1 year Post Graduate Programme (PGP) in Management. The B school has offered admission to 813 new students with diverse profiles in the PGP class 2016. With an intake of 560 students at Hyderabad and 253 at Mohali campus, ISB has got a diverse set of achievers this year.
ISB’s PGP is a full-time, 1 year programme in Management designed for young working professionals to enable them transition into roles of greater responsibility, or pursue an entrepreneurial dream.
ISB has an enviable placement record for its PGP class for last many years. This year, a total of 350 companies contributed around 884 offers, as compared to 819 offers made last year. The technology sector continued to be the largest recruiting sector with 248 offers contributed by 48 companies. Consulting sector was the second largest recruiter, contributing 174 offers from 21 companies.
Around 48 offers were made by 46 start-up companies. The e-commerce sector was an active recruiter with leading e-commerce companies making a total of 81 offers in various roles.
Top recruiters at ISB included A T Kearney ; Accenture; Amazon; Apple; Bharti Airtel; Boston; Cipla; Cognizant; Deloitte; Goldman Sachs; HSBC; Nomura; Genpact; Phillips; Siemens among other prominent ones.
Average domestic compensation package has increased from Rs.17.41 lakhs to Rs.18.16 lakhs in this placement seson.
The PGP at ISB is offered concurrently at the ISB’s Hyderabad and Mohali campuses through a common admissions and placements process. The ISB brand is currently represented by a network of 7000+ accomplished alumni working in leading companies, government and non-profits spread across 32 countries worldwide and over 350 alumni entrepreneurs.
Admission process for PGP class 2016 is over, to enroll in the PGP Class of 2017, you will need to have
1. Bachelors degree or equivalent in any discipline
2. Valid GMAT score
3. Minimum 24 months of full time post-qualification work experience as of March 31, 2016
4. TOEFL / IELTS / PTE score (only if the language of instruction at undergraduate study level was not English)
Stay tuned to MBAUniverse.com for more updates on ISB
