ISB Admissions Explained: Your Step-by-Step Application Guide

The Indian School of Business (ISB), a bastion of excellence in the world of business education, needs little introduction. With a reputation that resonates globally, ISB has etched its name as one of the foremost business schools, setting the gold standard for management education.

But in this journey towards academic brilliance, the passport to ISB's hallowed halls is a meticulously crafted application. Your application isn't just a set of forms and documents; it's your canvas to paint your dreams, aspirations, and accomplishments. It's your voice that whispers to the admission committee, telling them why you belong at ISB.

From understanding the intricacies of ISB's unique offerings to navigating the application process with finesse, this guide is your trusted companion on this transformative journey towards becoming an ISB graduate.

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Table of Contents:

1. Understanding ISB

   • Introduction to ISB
   • Why ISB
   • Distinguished ISB Alumni
      

2. Admission Requirements

   • Eligibility Criteria
   • Entrance Exams
   • Suggested Score For ISB Admission
   • Crafting a Strong Application
      

3. Preparing for the Interview

   • Interview Types
   • Interview Tips
   • Commonly Asked Questions In ISB Interview
      

4. Financial Planning

   • Tuition and Fees
   • Important Notes
      
5. Key Dates and Deadlines

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Understanding ISB

Introduction to ISB:

It all began with a group of sharp-minded entrepreneurs and academics, including the likes of Rajat Gupta and Anil Kumar, who were top executives at McKinsey & Company. They saw a growing need for a world-class business school in Asia, one that could prepare leaders with a profound understanding of emerging economies and a global perspective. This aspiration has driven ISB to become a trailblazing institution known for its innovative programs, esteemed faculty, and commitment to thought leadership.

One remarkable achievement that sets ISB apart is its accreditation from the Association of MBAs (AMBA), making it one of just a few schools worldwide to attain the coveted "triple crown" recognition, alongside EQUIS and AACSB. This milestone underscores ISB's unwavering dedication to providing top-notch post-graduate business education.

What's truly unique is that ISB is funded entirely by private corporations, foundations, and individuals who share its vision. This not-for-profit status ensures that its pursuit of educational excellence remains steadfast, free from commercial interests.

Why ISB:

Studying at the Indian School of Business (ISB) isn't just a choice; it's an investment in your future, and it comes with a myriad of unique aspects and advantages that set it apart as a premier institution for management education.

1. World-Class Faculty: ISB boasts a distinguished faculty body that includes globally recognized professors and industry experts.

2. Cutting-Edge Curriculum: ISB's curriculum is designed to be dynamic and responsive to industry trends. The school frequently updates its courses to equip students with the latest skills and knowledge, ensuring they stay ahead in the competitive business landscape.

3. Unique Associations : The Indian School of Business (ISB) has academic alliances with the Kellogg School of Management at Northwestern University, The Wharton School at the University of Pennsylvania, London Business School (LBS) and MIT Sloan School of Management and The Fletcher School of Law & Diplomacy, Tufts University.

4. Global Exposure: ISB's tie-ups with renowned international business schools provide students with opportunities for global exposure through student exchanges, internships, and collaborative research projects.

5. Strong Alumni Network: ISB's alumni network is a powerful resource. Graduates of the institution have gone on to achieve remarkable success in various industries, and their achievements stand as a testament to the quality of education and networking opportunities offered by ISB.

Distinguished ISB Alumni:

The Indian School of Business (ISB) boasts an impressive roster of alumni who have made significant contributions to various fields. These accomplished individuals have not only excelled in their careers but have also left a lasting impact on the global stage. Among the notable ISB alumni are:

1. Ankur Warikoo: Founder of nearbuy and former CEO of Groupon India.
2. Neeraj Arora: Former Chief Business Officer of WhatsApp.
3. Shvetha Jaishankar: A multifaceted entrepreneur, author, and model.
4. Namrata Brar: A renowned news anchor, investigative journalist, and former US Bureau Chief for NDTV.
5. Viren Rasquinha: CEO of Olympic Gold Quest and former Captain of the Indian Hockey Team.
6. Manik Gupta: Founder of CVKey and former Chief Product Officer for Uber.
7. Sujayath Ali: Founder of ShopUp, contributing to the e-commerce landscape.
8. Nipun Malhotra: A dedicated social entrepreneur and activist.
9. Sriram Venkataraman: Distinguished as the CFO and COO of Flipkart.
10. Ravinder Singh: An accomplished author and motivational speaker.

These remarkable individuals exemplify the spirit of excellence and leadership that ISB instills in its graduates, making a significant mark in their respective domains and beyond.

Admission Requirements:

Eligibility Criteria:

Securing admission at the Indian School of Business (ISB) requires meeting certain eligibility criteria that are carefully crafted to ensure that students are prepared to excel in the rigorous academic environment and contribute meaningfully to the classroom experience.

Academic and Professional Prerequisites:

To be eligible for ISB's Post Graduate Program in Management (PGP), applicants must fulfill the following academic and professional prerequisites:

1. Bachelor's Degree: A bachelor's degree or equivalent in any discipline from a recognized university or institution is a fundamental requirement. The degree should be completed by the time of joining the program.
2. Competitive Entrance Exam Score: ISB considers scores from either the GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination). Applicants are required to submit their valid test scores as part of the application process. These scores help assess the applicant's aptitude for the program.
3. Professional Experience: ISB values candidates with prior work experience. While there is no strict minimum requirement for work experience, most admitted students typically have two or more years of full-time work experience, preferably in roles that demonstrate leadership, responsibility, and potential for growth.

Work Experience Requirements:

While ISB does not have a strict minimum work experience requirement, the admissions committee evaluates applicants based on the quality and relevance of their professional experience. Having a few years of work experience is beneficial for the following reasons:

1. Contributions to Classroom Discussions: Work experience equips students with practical insights that enrich classroom discussions and provide a real-world context for academic concepts.
2. Peer Learning: The diverse experiences of a cohort with varied work backgrounds enhance peer learning and collaboration.
3. Career Opportunities: Employers often seek candidates with prior work experience, and ISB's emphasis on practical learning can provide a strong foundation for career growth.

Entrance Exams:

The Indian School of Business (ISB) holds high standards for its admission process, and a critical component of this process is the evaluation of entrance exam scores. ISB primarily accepts scores from two internationally recognized entrance exams: the Graduate Management Admission Test (GMAT) and the Graduate Record Examination (GRE).

1. Graduate Management Admission Test (GMAT):

• The GMAT is a widely accepted standardized test used for admission to business schools globally.
• It assesses analytical, writing, quantitative, verbal, and reading skills.
• GMAT scores are considered for both the Post Graduate Program in Management (PGP) and the Post Graduate Program in Management for Senior Executives (PGPMAX) at ISB.
• The GMAT exam consists of four sections: Analytical Writing Assessment, Integrated Reasoning, Quantitative Reasoning, and Verbal Reasoning.

2. Graduate Record Examination (GRE):

• The GRE is another standardized test often accepted by ISB for admission.
• It assesses verbal reasoning, quantitative reasoning, and analytical writing skills.
• GRE scores are considered primarily for the Young Leaders' Program (YLP) at ISB.
• The GRE General Test measures an applicant's overall academic readiness.

Suggested Score For ISB Admission:

While ISB does not specify strict cutoff scores, it's essential to aim for competitive scores to enhance your chances of admission. Generally, competitive score ranges for GMAT and GRE at ISB are as follows:

• GMAT: A strong GMAT score typically falls in the range of 680 to 760 or higher. Scoring above 700 is considered highly competitive.
• GRE: For GRE, a competitive score would be around 320 to 330 or higher on the GRE General Test.

Keep in mind that ISB's admission process is holistic, and while test scores are important, they are not the sole determinant of admission. Other factors, such as academic performance, work experience, recommendation letters, and the quality of your application essays, also play a crucial role in the evaluation process.

Crafting a Strong Application:

Online Application Process:

Filling out the online application form for the Indian School of Business (ISB) is a crucial step in your journey to secure admission. Follow this step-by-step guide to navigate the application process effectively:

Step 1: Visit the ISB Application Portal:

• Start by visiting the official ISB application portal on the ISB website. This is where you will initiate the application process.

Step 2: Create an Account:

• If you're a first-time applicant, you'll need to create an account. Provide a valid email address and create a strong password.

Step 3: Select the Program:

• Choose the specific program you are applying for (e.g., Post Graduate Program in Management - PGP, Post Graduate Program in Management for Senior Executives - PGPMAX, Young Leaders' Program - YLP).

Step 4: Personal Information:

• Fill in your personal details, including your name, date of birth, gender, contact information, and nationality.

Step 5: Academic Background:

• Enter details about your academic history, including your undergraduate degree, institution, major, and academic achievements.

Step 6: Work Experience:

• Provide information about your work experience. Include details about your current and previous employers, job titles, roles, responsibilities, and significant achievements.

Step 7: Test Scores:

• Enter your GMAT or GRE scores, as applicable. Make sure to submit official score reports to ISB as well.

Step 8: Essays and Statement of Purpose (SOP):

• Prepare and submit your essays and SOP based on the prompts provided by ISB. Craft these documents meticulously, as they play a significant role in the selection process.

Step 9: Recommendations:

• Identify and request recommendations from individuals who can speak to your professional and academic capabilities. Ensure they submit their recommendations directly to ISB.

Step 10: Pay the Application Fee:

• Pay the non-refundable application fee, which is typically required to complete the application process. Ensure you keep a record of the payment receipt.

First time applicants			Re-applicants
R1	R2	R3	R1	R2	R3
INR. 5,000	INR. 7,500	INR. 7,500	INR. 2,500	INR. 2,500	INR. 2,500

Step 11: Review and Submit:

• Carefully review all the information you've entered in the application form. Ensure accuracy and completeness before submitting your application.

Step 12: Await Notifications:

• After submitting your application, you will receive notifications and updates from ISB regarding the status of your application, interview invitations, and admission decisions.

Step 13: Interview Preparation:

• If you receive an interview invitation, prepare thoroughly for the interview. Be ready to discuss your application, goals, and reasons for choosing ISB.

Step 14: Admission Decision:

• Await the admission decision from ISB. If admitted, follow the provided instructions for enrollment and program commencement.

Remember that the application process may vary slightly depending on the program you are applying for and any updates made by ISB. Be sure to refer to the official ISB website and the application portal for the most current and specific guidance throughout the application process.

Statement of Purpose (SOP):

The Statement of Purpose (SOP) is a crucial component of your application to the Indian School of Business (ISB). It offers you the opportunity to articulate your aspirations, motivations, and qualifications concisely. Here are some valuable tips for crafting a compelling SOP and insight into what admissions committees typically look for:

Tips for Writing a Compelling SOP:

1. Be Authentic: Your SOP should reflect your true self, motivations, and experiences. Authenticity resonates with admissions committees.
2. Structure and Clarity: Organize your SOP with a clear structure. Start with an engaging introduction, followed by your academic and professional background, your reasons for pursuing an MBA, your career goals, and why ISB is the ideal fit for you. Conclude with a concise summary.
3. Show, Don't Just Tell: Illustrate your achievements and qualities with specific examples and anecdotes. Demonstrate how your experiences have shaped your aspirations.
4. Connect with ISB: Explain why you are drawn to ISB. Discuss the specific programs, faculty, resources, or aspects of ISB that align with your goals.
5. Focus on Goals: Articulate your short-term and long-term career goals. Explain how an MBA from ISB will help you achieve them.
6. Conciseness: Keep your SOP concise and within the specified word limit. Admissions committees appreciate clarity and precision.
7. Avoid Clichés: Avoid generic statements and clichés. Instead, provide unique insights into your journey and aspirations.
8. Proofread and Edit: Carefully proofread your SOP to eliminate grammatical errors and typos. Seek feedback from mentors or peers.

What Admissions Committees Look For:

Admissions committees evaluate SOPs to gain a deeper understanding of applicants beyond their academic and professional records. Here's what they typically look for:

1. Clarity of Purpose: Admissions committees seek clarity in your career goals and how an MBA aligns with them. They want to know if you have a clear vision for your future.
2. Fit with ISB: Committees assess if you've done your homework on ISB. They want to see how well you've researched the school and how you intend to contribute to its community.
3. Uniqueness: Committees appreciate unique perspectives, experiences, and aspirations. What sets you apart from other applicants?
4. Relevance: They evaluate the relevance of your academic and professional background to your MBA and career goals. How will your past experiences benefit you in your future pursuits?
5. Communication Skills: Your SOP demonstrates your ability to communicate effectively. It's an indicator of your written communication skills, which are essential in business.
6. Passion and Motivation: Committees look for passion and motivation in your words. They want to see that you are genuinely committed to your goals.
7. Self-Reflection: Admissions committees appreciate applicants who have self-reflective insights into their journey and decision to pursue an MBA.

Remember that your SOP is your chance to make a compelling case for your admission to ISB. Take the time to craft a well-thought-out and authentic narrative that showcases your potential as a future business leader.

Recommendation Letters:

Recommendation letters play a significant role in the admission process at the Indian School of Business (ISB). They provide insights into your character, abilities, and potential as a student and future leader. Here's how to approach and select recommenders, along with a sample recommendation letter request:

How to Approach and Select Recommenders:

1. Choose Recommenders Thoughtfully:
   • Select individuals who can speak to your professional and academic capabilities, work ethic, leadership potential, and character.
   • Consider past or current supervisors, mentors, professors, or colleagues who know you well.
2. Discuss Your MBA Goals:
   • Schedule a conversation with potential recommenders to discuss your MBA aspirations, why you've chosen ISB, and how their recommendation can support your goals.
3. Provide Context and Information:
   • Share your resume, academic transcripts, and a summary of your achievements and experiences to help recommenders understand your background and goals.
4. Highlight Specific Achievements:
   • Remind recommenders of specific projects, accomplishments, or experiences that showcase your skills and character. These details can help them write more compelling letters.
5. Ask Politely:
   • Request recommendation letters politely and well in advance of application deadlines.
   • Ensure that your recommenders are comfortable with writing the letters and have the time to do so.
6. Follow Up Gratefully:
   • After receiving confirmation from recommenders, express your gratitude for their support.
   • Keep them updated on your application progress.

Preparing for the Interview:

Interview Types:

The Indian School of Business (ISB) may conduct different types of interviews during its admission process. These interviews serve as an opportunity for the admissions committee to learn more about you, assess your suitability for the program, and gauge your potential contributions to the ISB community. Here's an overview of different interview formats commonly used by ISB:

1. Alumni Interviews:

• Format: Alumni interviews are typically conducted by ISB alumni who are part of the admissions interview panel.
• Purpose: These interviews assess your compatibility with the ISB culture and your potential for success in the program. Alumni may inquire about your motivations, goals, and experiences.
• Focus: Expect questions related to your career trajectory, leadership experiences, contributions to your workplace, and how an MBA aligns with your aspirations.
• Preparation: Research ISB thoroughly, as alumni often appreciate candidates who demonstrate genuine interest in the school.

2. Admission Committee Interviews:

• Format: Admission committee interviews are conducted by members of the ISB admissions team.
• Purpose: These interviews aim to evaluate your academic and professional qualifications, as well as your fit with ISB's values and objectives.
• Focus: You may be asked about your work experience, academic background, leadership potential, and reasons for choosing ISB. Expect questions related to your short-term and long-term goals.
• Preparation: Review your application thoroughly, as the interview may delve into details mentioned in your essays and application form.

3. Video Essays (Kira Talent):

• Format: ISB uses Kira Talent for video essays, which are a component of the admission process.
• Purpose: Video essays assess your communication skills, presence, and ability to think on your feet. They provide insights into your personality beyond what's visible on paper.
• Focus: You may be asked to respond to specific questions or prompts provided by ISB. These questions can cover a wide range of topics, from your achievements to your interests outside of work.
• Preparation: Practice speaking clearly and concisely. Familiarize yourself with the technology to ensure a smooth recording experience.

4. Group Discussions (GD):

• Format: Some ISB programs may include group discussions as part of the interview process.
• Purpose: GDs evaluate your ability to collaborate, communicate effectively, and present your ideas in a group setting.
• Focus: Topics for GDs can vary widely, but they often revolve around current events, business scenarios, or ethical dilemmas.
• Preparation: Brush up on your general knowledge, practice active listening, and work on your ability to contribute constructively in a group discussion.

It's important to note that the interview format may vary depending on the program you are applying for and any updates made by ISB. Prior to your interview, thoroughly review the communication from ISB to understand the specific format and expectations. Additionally, prepare answers to common MBA interview questions and practice your responses to ensure you present your best self during the interview.

Interview Tips:

Preparing for an interview with the Indian School of Business (ISB) is a crucial step in your MBA admission journey. Here are some valuable tips to help you excel in your ISB interview:

1. Know Your Application Thoroughly:

• Be prepared to discuss the details in your application, including your essays, academic background, work experience, and career goals. Review your application to ensure consistency and accuracy.

2. Research ISB:

• Familiarize yourself with ISB's programs, faculty, culture, and values. Understand what sets ISB apart and why it's the right choice for your MBA journey.

3. Practice Mock Interviews:

• Consider conducting mock interviews with friends, family, or mentors to refine your interview skills. Practice answering common MBA interview questions.

4. Be Ready to Explain Your Goals:

• Prepare a clear and concise explanation of your short-term and long-term career goals. Explain how an MBA from ISB will help you achieve these goals.

5. Showcase Leadership and Problem-Solving:

• Highlight instances where you demonstrated leadership, teamwork, and problem-solving skills in your professional and personal life. Use concrete examples to illustrate your abilities.

6. Be Authentic:

• Be yourself during the interview. Authenticity and genuine enthusiasm can make a positive impression.

7. Communicate Effectively:

• Practice clear and articulate communication. Ensure your responses are structured and well-organized.

8. Dress Professionally:

• Dress in professional attire for the interview, even if it's conducted online. Your appearance should reflect your seriousness about the interview.

9. Prepare Questions:

• Have thoughtful questions ready to ask the interviewer. This demonstrates your genuine interest in ISB and the program.

10. Stay Updated:

• Stay informed about current events, business news, and relevant industry trends. This knowledge may come in handy during the interview.

Commonly Asked Questions In ISB Interview:

While every ISB interview is unique, some commonly asked questions include:

1. Tell me about yourself.
2. Why do you want to pursue an MBA, and why ISB in particular?
3. What are your short-term and long-term career goals?
4. Discuss a challenging situation you faced at work and how you handled it.
5. Describe a leadership experience you've had.
6. How will you contribute to the ISB community?
7. What do you consider your strengths and weaknesses?
8. How do you handle stress or tight deadlines?
9. Share an accomplishment you're proud of.
10. Discuss a current business trend or issue that interests you.

Practice your responses to these questions and have a bank of stories and examples ready to support your answers. Remember that the interview is an opportunity to showcase your qualifications and fit for ISB. Be confident, composed, and well-prepared to make a strong impression.

Financial Planning:

Tuition and Fees:

Program Fee for Academic Year 2024-25	Amount (₹)
Total Program Fee	₹41,63,000
Admission Fee	₹3,00,000
Tuition Fee	₹38,63,000

 

Additional Costs and Deposits	Amount (₹)
Security Deposit	₹20,000 (refundable)
Alumni Fund Contribution	₹25,000 + GST (non-refundable for graduates)
Lifetime Use of Recreation Centre	₹15,000 + GST

Expenses Not Included in the Program Fee

• Travel for classes at ISB-Hyderabad/Mohali
• Travel (airfare/local conveyance) for the international immersion
• Purchase of laptops and other electronic aids recommended by the Programme Office
• Other miscellaneous expenses like mini bar, laundry, beverages, meals outside campus, etc

Important Notes:

• The fee structure for the academic year 2024-25 will be updated soon.
• The security deposit of ₹20,000 is refundable after deduction of any dues payable to the school.
• An alumni membership fee of ₹25,000 + GST is payable and non-refundable for participants who successfully graduate from the program. It is fully refundable for participants who do not graduate.
• A deposit of ₹15,000 + GST is required for the lifetime use of the ISB Recreation Centre.
• ISB reserves the right to revise the program fee.
• Participants can remit the fees in foreign currency based on the prevailing exchange rate.
• The refund of any fee is subject to the prevailing refund policy.
• It is mandatory to live in accommodation provided by the school during the days of classes.
• All participants are required to have a personal laptop meeting minimum specifications provided by the school.
• Scholarship opportunities.

Key Dates and Deadlines:

Application Timeline:

Round 1:

• Application Deadline: September 10, 2023
• Interview Timelines (tentative): September through November (shortlisted candidates informed five days prior to the interview date)
• Final Results: To Be Announced (TBA)
• Acceptance Due Date: 15 days from the offer date
• Fee Payment Date: As mentioned in the admission offer letter
• Programme Commencement for PGP2024-25 (tentative): April 20, 2024

Round 2:

• Application Deadline: To Be Announced (TBA)
• Interview Timelines (tentative): October through February (shortlisted candidates informed five days prior to the interview date)
• Final Results: TBA
• Acceptance Due Date: 10 days from the offer date
• Fee Payment Date: As mentioned in the admission offer letter
• Programme Commencement for PGP2024-25 (tentative): April 20, 2024

Round 3:

• Application Deadline: TBA
• Interview Timelines (tentative): February through March (shortlisted candidates informed five days prior to the interview date)
• Final Results: TBA
• Acceptance Due Date: 5 days from the offer date
• Fee Payment Date: As mentioned in the admission offer letter
• Programme Commencement for PGP2024-25 (tentative): April 20, 2024

Please note that the interview timelines are tentative, and specific dates for Round 2 and Round 3 will be announced by ISB at a later time. It's essential to refer to the official ISB website or communications from ISB for the most up-to-date information on application deadlines and interview schedules.

In closing, the path to ISB is paved with careful preparation, a compelling application, and a commitment to excellence. As you embark on this journey, remember that each step matters, from acing entrance exams to crafting a standout application and excelling in interviews. Financial planning is crucial, and staying informed about deadlines is a must. Embrace the adventure with confidence, for ISB offers not just education but also personal growth and lifelong connections. Your dedication will lead you to a bright future in the world of business management at one of India's finest institutions.