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"It's unlikely that we will see more than
one other business school of the stature of the
ISB launched in our lifetime."
- Donald P Jacobs, Dean Emeritus, Kellogg School
of Management
Privately funded academic
institutions the world over, depend to a large
extent on funding support from corporates, charitable
foundations, and alumni to meet their capital
and revenue expenditures. At our partner Schools,
Wharton and Kellogg, which are rated among the
top three business schools in the world, revenues
earned from educational programmes such as the
MBA and Executive Education Programmes, cover
only 45-50 percent of the total annual expenditure
of the school. The rest is met through generous
funding support, which can be both 'tied', i.e.,
for specific activities, or 'untied', which adds
to the endowment pool of the institution, funds
from which are used to cover the revenue deficit.
For any business school to
impart world-class education, it needs to be able
to attract very high quality faculty, and provide
the infrastructure for them to engage in cutting-edge
research, publications, and consulting, that will
stretch the frontiers of management thinking and
provide industry and practicing managers the knowledge
and tools to continuously enhance their productivity,
and create value and wealth for society.
The Indian School of Business
is a privately funded business school. It is a
collaborative effort by the leaders of industry
and three of the world's best-known business schools
- Wharton, Kellogg, and London Business School.
It offers world-class teaching and housing facilities
for both its one year post-graduate programme
as well as the Executive Programmes that it offers
for senior managers.
In getting the project off
from the drawing board and on to the ground, the
ISB has been fortunate to receive substantial
seed capital contributions and selfless investment
of time, talent, and resources from several benefactors.
The school requires generous funding support in
order to create a high-quality, research-driven
management education institution. Funds are required
on an ongoing basis for the following activities/programmes:
- Student scholarships
- Student exchange programmes
with other business schools around the world
- Research in different management
disciplines
- Industry / academic joint
research programmes
- Faculty exchange programmes,
for collaborative research
- Building academic facilities
such as Library, IT infrastructure for e-learning,
etc.
- Creating Centres of Excellence,
within the ISB, that will focus on research,
publications, and consulting
There are several ways in
which donors can contribute to the efforts at
the ISB, and become a part of this distinctive
global institution.
For more details, please contact:
Ravi S Kolathur
Director of Treasury
Indian School of Business
ravi_kolathur@isb.edu
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