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ISB MBA – Types | Differentiation | Eligibility | Selection | Class Profile

The Indian School of Business (ISB) is one of the top-ranked business schools in India with campuses located in Hyderabad and Mohali. Their flagship program PGP (Post Graduate Programme) ranks number 1 in India and 24th globally according to FT Global MBA ranking 2019. Apart from the flagship ISB PGP (one-year, full-time) MBA, there are three different types of ISB MBA programs:

  1. ISB PGPpro (Post Graduate Programme in Management for Working Professionals), Executive MBA
  2. ISB PGPMAX (Post Graduate Programme in Management for Senior Executives), Global MBA
  3. ISB PGP MFAB (Post Graduate Programme in Management for Family Business), Global MBA

Types-of-MBA-Programs-in-ISB

In this article, we take a detailed look at the different type of ISB MBA programs. This article will cover the following:

Indian School of Business PGP (Post Graduate Programme in Management)

What is ISB PGP and Who is it for?

ISB Post Graduate Programme (PGP) is a 1-year MBA which is developed for young managers to develop management skills and is available at Hyderabad and Mohali campus. According to the FT Global MBA ranking, ISB PGP  is ranked number 1 in India and 24th globally for MBA.

Designed for Mid-Career Professionals

The program is designed for mid-career professionals and provides an opportunity to move laterally into various professional roles or a higher role with more responsibility.

ISB PGP focuses on five learning objectives: Interpersonal awareness and working in teams, integrative and critical thinking, global issues, effective communication, and ethical responsibility.

To enable a holistic and global approach for ISB PGP students, ISB provides exchange programs. Exchange programs help in building diversity and in understanding the dynamics of management in other countries, with efficient peer-learning experience. Apart from this, ISB PGP also encourages intercampus exchange which helps in cross-learning and increases the network across its campuses.

ISB PGP: Eligibility, Selection, Class profile, Placement, and Fee

If you an aspiring applicant, various paraments need to be fulfilled to get admission into ISB PGP.

You need to have:

  1. Bachelor’s degree or equivalent
  2. Valid GMAT / GRE Score
  3. Work experience of at least 24 months full time
  4. TOEFL/IELTS/PTE score (Applicable only if your undergraduate study language is not English)

Selection Criteria for ISB PGP

The applicants for ISB PGP are evaluated holistically based upon the below three factors:

ISB-PGP-Selection-Criteria-MBA

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ISB PGPpro (Post Graduate Programme in Management for Working Professionals)

What is ISB PGPpro, and Who is it for?

The Post Graduate Programme in Management for Working Professionals (PGPpro) is an MBA equivalent program held during weekends (Executive MBA). The program is for mid-career professionals with 5 to 12 years of work experience.

ISB PGPpro applicants should have a desire to move up the ladder of success by undertaking rigorous study and at the same time not compromising their busy schedules. PGPpro helps in improving decision-making ability as well as building strong managerial skills.

Below is a snapshot of ISB PGPpro:

ISB-Program-PGPpro-snapshot

The program provides strategy and leadership specialization with an additional area of specialization in either finance or marketing. PGPpro is best suited for individuals who want to focus on their work but at the same time want to gain knowledge and put it to immediate practice.

Eligibility Criteria for ISB PGPpro

To apply for PGPpro:

  • You need to have a bachelor’s degree or equivalent qualification in any discipline.
  • You need to have work experience between 5 and 12 years as on Jan 1, 2020 (Bengaluru and Mumbai) and as on July 1, 2020 (Delhi-NCR and Hyderabad).

Selection Criteria for ISB PGPpro

The applicant must excel in each parameter of ISB PGPpro selection criteria, and only high potential candidates will make it to the ISB executive program (PGPpro):

  1. Academic Performance
  2. Personal Attributes
  3. Professional Qualities and Work Quality
  4. Interview Performance

ISB-executive-MBA-PGPpro-Selection-Criteria

Application deadline and Fee for ISB PGPpro

There are three rounds of intake for ISB PGPpro:

Intake for Delhi and Hyderabad Dates Application Fee
Round 1 31- January-2020  

 

 

₹5,000

Round 2 30- April- 2020
Round 3 30- May- 2020
Intake for Mumbai and Bangalore Dates
Round 1 31 August 2019
Round 2 5- November-2019
Round 3 15-December-2019

Application Procedure for ISB PGPpro

The application process for ISB PGPpro is through an online application form that you submit over several sessions. Applicants can save and review the information before their final submission.

Applicants need to provide information such as academic certificates to their employment history. There is an online evaluation form that needs to be submitted for professional evaluations by previous employers/manager. Once the online application is submitted, shortlisted candidates attend an interview, and a decision is made within four weeks of completing the interview process.

Below is the snapshot for ISB PGPpro online application checklist:

ISB-executive-MBA-PGPpro-application-checklist

Program Fee and Placement for ISB PGPpro

For the academic year 2020-21, the total program fee is ₹30,41,000, which includes admission and tuition fee. In addition to this, there is a refundable deposit of ₹20,000.

As the program allows the student to apply their learnings immediately in their organization, thus there is no placement process for ISB PGPpro.

ISB PGPMAX (Post Graduate Programme in Management for Senior Executive):

What is ISB PGPMAX, and Who is it for?

This program is for experienced professionals/ senior executive and business owners with 10 to 25 years of work experience (Global MBA). ISB PGPMAX helps in preparing an individual to become a global leader and provide career advancement with real-world relevance approach.

The curriculum is designed to provide a holistic education which focuses on developing leadership skills, critical and integrative thinking, global awareness, and ethical responsibility.

ISB-PGPMAX-Snapshot-Executive-MBA

ISB PGPMAX follows a structured learning experience which comprises of classroom teaching, industrial visits, and stimulations (software’s that mimic real-life business situations).

ISB PGPMAX provides corporate sponsorship which helps organizations to sponsor high-potential employees and demonstrate commitment towards employee career development.

Class Profile for ISB PGPMAX 2019-20

The class size of ISB PGPMAX is 75, out of which 85% are males, and 15% are females. The average work experience of candidates is 40 years, with 36% of them in senior management level followed by 35% in upper-middle management, 22% as business owners and 7% CXO (C-level executives).

Below is the snapshot of the ISB PGPMAX 2020 Class Profile:

Class-Profile-ISB-PGPMAX-Executive-MBA

Eligibility Criteria for ISB PGPMAX

Following are the eligibility criteria for the ISB PGPMAX program:

  • You should have a bachelor’s degree or equivalent
  • You should possess a minimum of 10 years of full-time work experience
  • GMAT or GRE or SHL test (the link for SHL test will be shared to candidate post their application submission).

Selection Criteria for ISB PGPMAX

The applicants for ISB PGPMAX gets evaluated on a combination of many criteria’s, and thus, the below components of the application with the interview performance is crucial to enroll:

ISB-executive-MBA-PGPMAX

Application deadline and Fee for ISB PGPMAX

Application for the academic year 2020-21 is live, and there are two deadlines that aspiring applicants need to keep in mind:

  1. First Deadline: 15th November 2019
  2. Second Deadline: 15th March 2020

The application fee for ISB PGPMAX is ₹15,000.

Application Procedure for ISB PGPMAX

The first stage of ISB PGPMAX is an online application form that needs to be submitted along with the required documents. Applicants should mention their current role and responsibilities and should highlight their achievements and their motivation towards the program while filling out the application form.

Note: Candidates should pay close attention while filling out components such as Employer support letter where it states the consent of the employer to allow the applicant to study in the program.

The applicant also needs to submit two letters of recommendations and its advisable to use the online evaluation form by ISB.

After evaluating the online application form, shortlisted candidates come for an interview. Below is the snapshot for ISB PGPpro admission checklist:

ISB-PGPMAX- Online-application-checklist

Program Fee and Placement for ISB PGPMAX

For the academic year 2020-21, the program fee is ₹3,963,000, which includes your admission fee, tuition, boarding and loading, and course material. Apart from this, there is a refundable deposit of ₹20,000.

ISB PGPMAX is for experienced working professionals and thus,  does not offer placement services. As the applicants continue to work while pursuing the program, they get to implement their leanings practically and get a better understanding of the senior-level roles and leadership requirements.

ISB PGP MFAB (Post Graduate Programme in Management for Family Business)

What is PGP MFAB, and Who is it for?

ISB PGP MFAB is a 15 months course targeting applicants who want to learn concepts towards handing business and apply the same immediately without discontinuing their work. The idea of the program is quite similar to top global MBA programs.

ISB PGP MFAB is taught from an owner’s perspective and helps the applicant to build a network.

ISB-PGP-MFAB-Snapshot-Family-Business

In addition to the management courses like accounting, strategy, marketing, finance, and leadership, PGP MFAB will focus on challenges related to the unique family business. The program includes international immersion which helps in both academic and experimental learning experience.

Class Profile for ISB PGP MFAB 2020

ISB PGP MFAB 2020 has 18% female and 82% male students with 47% of the batch having 2 to 4 years of experience. Majority of the batch is from manufacturing business, followed by infrastructure at 11% and automobiles at 8%.

Below image is a snapshot of ISB PGP MFAB batch 2020:

Class-Profile-ISB-PGP-MFAB

Eligibility Criteria for ISB PGP MFAB

To apply for Post Graduate Programme in Management for Family Business (PGP MFAB) you need to have:

  • A bachelors’ degree or equivalent qualification
  • No work experience is required, but ISB strongly believes that the experience of 2-3 years will add a lot of value
  • Business Admission Test (BAT) is compulsory

Selection Criteria for ISB PGP MFAB

For ISB PGP MFAB applicants will be evaluated on a combination of the below factors:

ISB-PGP-MFAB-Selection-Criteria-Family-Buisness

 

Application deadline and Fee for ISB PGP MFAB

Application for the academic year 2020-21 is live, and there are two deadlines that aspiring applicants need to keep in mind:

  1. First application deadline: 15th November 2019
  2. Second application deadline: 15th March 2020
  3. BAT (Business Admission Test): Ongoing

The application fee is ₹15,000, which includes the application fee for BAT as well.

Application Procedure for ISB PGP MFAB

The first step towards applying for ISB Post Graduate Programme in management for Family Business is to register online and fill out the online application form.

After applying, shortlisted candidates are invited to an interview the date for which is communicated 2 to 7 days before the meeting.

Below is the snapshot for the ISB PGP MFAB admission checklist:

ISB-PGP-ISB-MFAB-Admission-checklist

 

NOTE: It is mandatory for the applicants to appear for Business admissions test. The test helps in gauging analytical thinking through real-world problems.

Program Fee for ISB PGP MFAB

For the academic year 2020- 21 the program fee is ₹41,97,600, which includes your admission fee, tuition fee, accommodations, books, food, and course material. Plus ₹20,000 refundable deposit is charged.

Key Takeaways

Types Of MBA Programs in ISB
Differentiating factors ISB PGP ISB PGPpro ISB PGPMAX ISB PGP MFAB
Targeted to Young Managers Working Professionals/Mid-Career professionals C- level executives, directors, and country head. Family Business owners
Work experience Required

At least 24 months

Full time

Between 5 to 12 years Between 10 to 25 years

2 to 3 years

Not required, but recommended by ISB

Duration of the course One year 18 months 15 months 15 months
Type of MBA Program One year full-time MBA

Weekend Program

(Executive MBA)

One Week class every 6th Week.

(Global MBA )

One Week class every 6th Week (Global MBA )
International Immersions International / Inter-campus Exchange One week 2 Weeks Two week
Admission Fee

₹2,983,000 to ₹3,105,000

(depending on accommodation type)

₹ 3,041,000 + ₹20,000 (Refundable deposit) ₹ 3,963,000+ ₹20,000 (Refundable deposit) ₹41,97,600 +  ₹20,000 (Refundable deposit)
Test required GMAT /GRE None GMAT/GRE/SHL BAT (Business Admission Test)

 

 

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