11/4/2010 International business schools entering…

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International business schools entering

India
By admin3
Created 03/11/2010 - 17:32

Early this year, the Indian School of Business

(ISB) [2], one of India’s leading business schools,
signed an agreement with the MIT Sloan School
of Management [3], to develop two new institutes
at the ISB’s upcoming campus at Mohali.

As part of the agreement, MIT will provide faculty

support and curriculum design in the areas of
manufacturing, operations and management of large
infrastructure, assist in faculty recruitment for the ISB,
provide teaching opportunity for MIT faculty, offer joint
[1] executive education programs and facilitate joint
action learning projects for students.

David Schmittlein, dean of MIT Sloan School of Management says “This is part of our
distinct international strategy of developing regionally dispersed, mutually beneficial institutional
partnerships, and allows MIT Sloan to contribute to world-class management education in India,
and creates opportunities for MIT Sloan faculty and students to work with local faculty and
students here in India.”

International colleges and universities have been collaborating with Indian educational
institutions since the early 1990s when government regulations did not allow foreign institutes to
set up campuses in India or, recognize foreign degrees awarded in India.

Collaborations were inked to help foreign institutes market their programs in India through a local
partner, participate in student and faculty exchanges as well as lend their expertise.
Collaborations ranged from twinning agreements, joint faculty and staff exchange programs to
support in curriculum design and pedagogy.

Business school collaboration

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11/4/2010 International business schools entering…

At present, there are a significant number of business schools in India that have collaborative
agreements with international institutes. The Indian Institutes of Management (IIMs) [4] ,
Management Development Institute (MDI), Xavier Labour Relations Institute (XLRI), Institute of
Management Technology (IMT), the list goes on.

According to Foreign Education Providers in India, a report on collaborative arrangements

commissioned by the UK India Education Research Initiative (UKERI), there are 143 Indian
institutions and 161 foreign education providers engaged in collaboration. The total number of
collaborations is 230. Each collaboration may have one or more than one program delivery and
the total number of programs that are collaboratively delivered is numerically 641.

The report goes on to say that the maximum number of collaborations is taking place in the field
of management and business administration. Out of the total of 641 programs, 170 (26.5%)
collaborative programs are offered in this field.

Great Lakes Institute of Management [5] , a management school based in Chennai collaborates
with several universities of international repute.

Professor S Sriram, executive director of Great Lakes says “We have agreements with
about half a dozen foreign universities such as Yale, IIT Chicago, University of Houston, and
Nanyang Technological University among others. These cover joint research, academic
programs, and student/faculty exchange. We get international faculty with global exposure while
our course curriculum incorporates current global trends.”

Typically, one business school collaborates with several international partners at the same time.
For instance, ISB has academic agreements with Kellogg School of Management [6] , the
Wharton School, and the London Business School [7] .

ISB has also set up a Centre for Case Development in collaboration with the Richard Ivey School
of Business at The University of Western Ontario [8] , to enhance case writing capabilities among
Indian academia, and also to distribute these cases worldwide. The school also collaborates
with Duke University’s Fuqua School of Business.

Similarly, the Fuqua School of Business [9] has agreements with multiple business schools such
as the Indian Institute of Management-Bangalore and Indian Institute of Management-
Ahmedabad.

International MBA partnerships

“India will continue to see increasing interest from foreign universities wishing to establish
partnerships with Indian schools as the nation continues its economic rise and the number of
students wishing to pursue MBA studies grows. The recent legislation allowing foreign
universities to enter the Indian market [10] will no doubt accelerate these trends,” says Vinoo Urs,
regional director for India at Duke University, Fuqua School of Business.
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11/4/2010 International business schools entering…

India’s top business schools, the Indian Institutes of Management collaborate with many
international institutes such as Copenhagen Business School (Denmark) [11] , ESSEC (France),
Cardiff University (UK), City University of New York (US), UCLA Anderson [12] (US) among
others. In fact, the IIMs are working toward increasing foreign collaborations in the field of faculty
and student exchanges, research and training.

With the government’s Foreign Universities Bill on its way to becoming a legislation, foreign
schools will be allowed to set up campuses in the country. Though many schools have taken the
collaboration route to enter the country, in the near future it may not be necessary to do so.

India's economy

There are also many institutes that are making inroads into the management education market
without taking the help of a partner. Harvard Business School [13] (HBS) delivered a range of
executive education programs in India this year and is hunting for space for a classroom to
deliver these programs in future.

Professor David Yoffie, senior associate dean and chair of executive education at HBS
explains, “India’s economy is vibrant and growing, and Harvard Business School offers a blend
of executive programs in India that help participants develop broad strategy and leadership
skills, as well as providing expertise and insights in key areas of the growth such as real estate
and professional services.

“The increase in executive education options in India is a positive trend that will lead to stronger
businesses, more educational opportunities and inclusive growth. At Harvard Business School,
we remain fully committed to India as a place we can teach and learn from Indian business
executives. That is why we offer executive education programs here in India and we look forward
to developing further timely and relevant executive programs in the future, based on the needs of
the market in India.”

While Harvard may choose to go solo, many foreign institutions are looking at partnering with
Indian institutions. Students stand to gain from such partnerships as both partners are able to
combine their expertise to offer greater value to students through a greater international focus [14]
and better international recognition of their qualifications.

For more information please sign up for our newsletter [15] , or you can discuss this topic on our
MBA forums [16] .

Asia India General

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11/4/2010 International business schools entering…
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Source URL: http://www.topmba.com/article/India/international-business-schools

Links:
[1] http://www.topmba.com/indian-institute-management-kozhikode-one-many-top-business-schools-india-0
[2] http://www.topmba.com/school_profile/indian-school-of-business/
[3] http://www.topmba.com/school_profile/sloan-school-of-management-massachusett-institute-of-technology/
[4] http://www.topmba.com/school_profile/indian-institute-of-management-bangalore/
[5] http://www.topmba.com/school_profile/great-lakes-institute-of-management-chennai/
[6] http://www.topmba.com/school_profile/the-kellogg-school-of-management-northwestern-university/
[7] http://www.topmba.com/school_profile/london-business-school/
[8] http://www.topmba.com/school_profile/richard-ivey-school-of-business-the-university-of-western-ontario/
[9] http://www.topmba.com/school_profile/the-fuqua-school-of-business-duke-university/
[10] http://www.topmba.com/articles/india/india-opens-top-business-schools
[11] http://www.topmba.com/school_profile/copenhagen-business-school/
[12] http://www.topmba.com/school_profile/ucla-anderson-school-of-management/
[13] http://www.topmba.com/school_profile/harvard-business-school/
[14] http://www.topmba.com/articles/india/mba-india-and-its-ever-increasing-global-importance
[15] http://qs-email.com/8GW-3J5/s2.aspx
[16] http://www.topmba.com/../../../../../board

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