IIM vs. ISB

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Difference between IIM and ISB

Indian business schools have made a name for themselves all over the world. It’s quite true that they are respected and looked over by students all over the world to get the degrees of their dreams. Institutes like IIM have made a name for themselves with people whereas Indian School Of Business is also preferred by international students. There us a lot of competition among students every year to get an admission into IIMS. Every year, lakhs of students appear for the famous entrance exam of IIMs known by the name of CAT. This exam also does not have much success rate and it’s as low as one in 200. So many students every year aspire to enter an IIM.

IIM
ISB

Education

The Indian Institutes of Management are funded by the government of India. But the IIMs are still independent institutions. All the IIMs offer different kinds of courses right from MBA, executive MBA and PhD. On the other hand, ISB is a private institution. It also has a lavish building and peacocks can also be seen in the campus. It only offers MBA and Executive Education programmes. Each of the IIMs has become popular for their own specializations. For instance, IIM Calcutta is famous for its Financecurriculum.

Spread

IIMs have branches in different Indian states. There are seven IIMs in total, located in Calcutta, Bangalore, Lucknow, Ahmadabad, Bangalore, Kozhikode, Shillong and Indore. On the other hand, there is only one Indian School of Business which is located in Hyderabad. The government of Andhra Pradesh was responsible for the setting up of ISB.

Established

ISB is not an institution with a long history unlike the IIMs which can claim a long standing reputation for quality. ISB was established in the year 2001 whereas IIMS have been in operation for the past 50 years. IIMs are known for their quality education whereas ISB had the 12th rank in the top 100 business schools of the world. IIMs came into existence in 1961 when the first Indian Institute of Management was established in Calcutta.

Summary

  • IIMS are very strict when it comes to admitting students. The same is not the case with ISB.
  • International alliance

    -Indian School of Business has actually formed strategic partnerships with many schools like London Business School, Wharton School of Business Management and Kellogg School of Management.
  • Origin

    -IIMs were formed by the government. Although the chief minister of Andhra Pradesh, Chandra babu Naidu, played a vital role in setting up this organization, the ISB WAS actually set by entrepreneurs of fortune 500 companies.
  • Placement

    -Placement wise, IIMS have better chances of getting one a job in any part of the world.But ISB can also national and international placements for its students. The IIMS are often compared to Harvard in terms of the quality of education.
  • Facilities

    -You can find a lot of facilities at the ISB like gardens, lawns and boulevards. IIMs are quite plain in comparison.

 
 

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