The MIT Sloan School of Management (SSM), one of the five schools of Massachusetts Institute of Technology (US), will be an associate school of Indian School of Business for its upcoming Mohali Campus.
ISB dean Ajit Rangnekar announced this in the presence of David Schmittlein, John C Head III Dean- SSM. The new alliance of ISB coincided with the graduation ceremony of Class 2010 on Saturday.
Rangnekar said the ISB would also set up BML Munjal Institute for Manufacturing Excellence and Innovation and Punj Lloyd Institute for Infrastructure Management at Mohali.
SSM joins the leagues of The Wharton School, The Kellogg School of Management and London Business School (LBS), with which ISB has partnered for several years now.
Rangnekar told mediapersons that the association with MIT would give an impetus to research, particularly in areas of management and infrastructure.
There would be no financial commitment on either side and the alliance would help the two B schools be focused on research and promote faculty and student exchange programmes, he said.
MIT, as an associate school of ISB, would have a role in curriculum development and faculty support. The emphasis would be on emerging economies.
According to Rangnekar, Wharton and Kellogg have infused the best and latest in global management techniques into the ISB’s academic purview by helping it design the curriculum and develop course material. Faculty and researchers from these institutions teach regularly at ISB and also participate in research at the School.
In November 2000, ISB signed up with LBS for sharing faculty and research ideas. The Mohali campus will be ready in two years and the first batch of admissions are likely to happen from 2012.
