 "Indian School of Business invites application for PGP in Management programme")
The Indian School of Business (ISB), Hyderabad recently released an admission notification inviting applications for its one-year PG programme (PGP) in management for the academic session 2017-18
Interested, eligible candidates are required to apply on its official website. Application deadline for cycle 1 of admissions is October 15, 2016 and cycle 2 is January 15, 2017.
Eligibility criteria
Interested PGP applicants need to have a Bachelors degree or equivalent in any discipline, a valid GMAT / GRE score and at least 24 months of full time post-qualification work experience by March 31, 2017. If English was not the language of instruction at undergraduate study level, then the candidates are required to submit their TOEFL / IELTS / PTE score too.
To apply under the Early Entry Option, cycle 1, for a deferred admission, Candidates need not have 24 months of full time post-qualification work experience by March 31, 2017.
Applying in either cycle does not impact chances of securing an admission offer, but ISB encourages candidates to apply in cycle 1 to improve chances of receiving a scholarship. Full tuition fee waivers are offered to select meritorious candidates only if applying for cycle 1 admissions. About 50% of all merit and need based waivers, says official website, are offered to cycle 1 applicants.
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ISB follows a rolling evaluation process for non-Indian passport holders, to enable them to complete their Visa formalities in time. The admission decisions for such candidates are conveyed within six weeks of receiving completed application. The deadline for such admissions is before January 15, 2017.
| Cycle 1 | Cycle 2 | |
| Application deadline | October 15, 2016 | January 15, 2017 |
| Offer decision-1 | November 10, 2016 | February 10, 2017 |
| Offer decision-2 | December 05, 2016 | March 05, 2017 |
| Acceptance date | 10 days from the date of the offer | |
Selection procedure
Applicant to the PGP in Management at the ISB is evaluated on the following parameters:
1. Academic credentials - While there are no cut off criteria applied to either the academic performance or the GMAT/GRE score, ISB keenly evaluates the 12th standard grades, graduation grades, post graduation and certification scores- wherever applicable along with the overall GMAT/GRE score.
2. Leadership potential - Applicants are evaluated through the initiatives taken, the responsibilities handled and the career progression achieved till date. ISB also evaluates on basis of the professional recommendation letter submitted.
3. Personal attributes- ISB also lays emphasis on the extracurricular activities and interests beyond work life. Diversity in all form of life, like work experience, educational background, nationality, among others is given due consideration.
For the shortlisted candidates, personal interviews will be conducted only in Bengaluru, Delhi, Hyderabad, Mohali and Mumbai. Those based out of an international location may opt for a telephone or Skype video conferencing interview, if shortlisted.
Application process
Candidates need to apply at the official website www.isb.edu for admission. The admission page will lead to online application or candidates can directly log on to www.isb.edu/pgp/admissions/apply-online. Applicants need to register to get started with the application. After creating a log in id and password, candidates can fill in the requisite details. Even those who are replying this year must create a fresh login and password. However, as a part of the Registration Form, they will be able to select the data fields they wish to re-use this year, instead of entering it again.
The applications that are complete and error-free will be reviewed by the admissions’ office. Shortlisted applicants will be called for an interview.
Application fees for the PGP 2016-17 and early entry option (PGP deferred) are:
• First time applicants – Rs. 5000
• Re-applicants – Rs. 2500
Information sessions
ISB conducts events, both nationally and internationally at different locations to clarify queries about ISB. Candidates need to register separately to be invited. The B-school also organizes networking opportunities with an alumnus to find out more about ISB and its one-year programme. ISB also conducts webinars to educate candidates on the application process, life at ISB, and student experiences.
Programme fees, scholarships and loans
The PG progamme at ISB is developed in association with international management schools such as Wharton, Kellogg School of Management, London Business School, MIT Sloan School of Management and The Fletcher School. It is among the premium priced schools. Here are the complete fee details:
| Particulars | Shared accommodation | Studio accommodation |
| Admission fee (non-refundable) + applicable GOI taxes Payable at the time of offer acceptance | Rs. 2,50,000 | Rs. 2,50,000 |
| Tuition & other costs - Payable by April 7, 2017 | ||
| Tuition Fee | Rs. 21,50,000 | Rs. 21,50,000 |
| Campus accommodation | Rs. 2,00,000 | Rs. 3,15,000 |
| One time contribution for life-time use of the on-campus libraries & recreation centres | Rs. 5,000 | Rs. 5,000 |
| Total Fee | Rs. 26,05,000 | Rs. 27,20,000 |
| Add: Service Tax + Cess (Net Present Rate: 15%) | Rs. 3,90,750 | Rs. 4,08,000 |
| Total Fees (inclusive of taxes) | Rs. 29,95,750 | Rs. 31,28,000 |
| ISB Alumni Association membership contribution | Rs. 15,000 | Rs. 15,000 |
| Interest-free refundable security deposit | Rs. 15,000 | Rs. 15,000 |
| Total amount payable | Rs. 30,25,750 | Rs. 31,58,000 |
| For International students Total amount payable (approximate) | $ 45,000 | $ 47,000 |
ISB awards several tuition fee waiver to reward exceptional PGP applicants and to support deserving candidates with limited financial resources. These waivers vary in amount from Rs 5 Lakh to full-tuition fee. All tuition waivers are adjusted against the payable tuition fee and are not be disbursed directly to the student. Each applicant will be eligible to receive only one of the tuition waivers.
Leading financial institutions in India provide funding for up to 95% of the programme expenses to ISB admits. The particulars of the loan facilities shall be as per the sanction letters and loan agreements entered in to between the bank / financial institution and the student.