ISB Post Graduate Program (PGP) is designed for those looking for a top MBA Program for a transformation in career by expanding their existing skills and refining their goals. ISB PGP has marked its rank constantly on the global B-schools list. It has taken #31 position (ranked by Financial Times) in 2024. This one-year MBA program at ISB helps the mid-career professionals to learn business strategies and functions through a case-based approach. It also helps understand practical industry applications of ideas and concepts. The program aims to help develop a decision-making approach and challenge old beliefs.
ISB PGP Admission Process 2024
Each applicant planning to apply to PGP needs to fulfill the following application requirements.
- One letter of recommendation from an employer or academic supervisor
- Current resume of the student
- Two required essays.
- GMAT or GRE score
- Online application form
The shortlisted candidates are invited for the interview in-person or on Skype. Upon successfully completing the two-stage process, the applicants receive the final admit from the school.
ISB PGP Eligibility Criteria 2024
To apply for the program, one should complete 2 years of full-time work experience in any sector. Usually, most of the applicant applying for the program will have 4-5 years of experience (average of the class of 2022). One can also apply for PGP within the age group range of 22-46 years (average age group in the class of 2022 was 26 years).
There is no cut-off score for the GMAT / GRE. However, the range of GMAT in the current class is 600 to 780 and the range of GRE is 311 to 335.
In 2022, the average GRE for the class was 310 and GMAT was 709.
ISB average scores are 710 for GMAT and 324 for GRE.
Army, Navy, Defence backgrounds etc. will get some consideration because they will not be in the competitive pool with regular candidates. ISB always looks for candidates from diverse backgrounds to enter their classroom. Hence candidates from low represented backgrounds will get some consideration.
Faculty Information
The permanent team of faculty has been chosen from international business schools based on their research superiority and teaching insight. They are well published, and their work appear in the world’s top-rated journals. Visiting faculty from top B schools across the world also teach at ISB. The instructors have received awards and have been recognized for their achievements internationally in their respective fields. They also regularly engage in industry and government consultation and bring the real-world insights and external experience into their class.
Salary Figures
ISB being a global brand has grown a healthy relationship with many multinational companies, which leads to having a good ROI (salary post MBA on campus). In 2022, an average salary of INR 34 lakhs (mid 80% of class) was offered to candidates through-campus placements by 270+ companies, making a total of 2066 offers. To know more about career trends at ISB, read this: ISB placement.
Fee and Financing
Candidates who receive an offer should pay INR 2,95,000 (Inclusive of tax) as admission fee to confirm their seat. Before starting the semester in April, one must pay INR 37 lakhs (approx.) which includes tuition fee, campus accommodation, Alumni Association membership, and tax (mentioned fees exclusive of books and other expenses). ISB lets you to pay the program fee in 2 installments (on prior discussion with admissions committee). However, a discount is offered for payment in one shot.
To appreciate exceptional applicants and support deserving candidates, ISB awards several tuition fee waivers and scholarships during admission or after enrolment.
ISB funded tuition fees waivers include corporate and donors fund scholarships. The following are the different categories of fee waivers.
Merit Waivers – Award based on the overall weighted score on the applicant during the admission process.
Need-Based Waivers – Corporate donors and ISB awards up to 40 scholarships of INR 5 lakhs to deserving candidates whose family income is not more than INR 12 lakhs per annum.
ISB Merit by Diversity – To encourage students with diverse profiles, ISB gives scholarships of INR 5 lakhs to up to 10 students.
AIESEC – ISB Waivers – Upto 3 scholarships of INR 5 lakhs to AIESECers.
International Diversity – ISB also offers up to 30 scholarships of varying amounts to deserving international students.
Bridge to India – Given to Indian origin students currently working abroad, who plan to move back to India. INR 5 – 10 lakhs scholarships to up to 5 students.
Campuses
ISB PGP is offered on two campuses, Hyderabad and Mohali. So, The entire selection process is independent of your choice of location. You will have an option to indicate your preference for Hyderabad or Mohali campus in the application. While the school will take your preference into consideration. The final decision on allotment of campus will be taken by the admissions committee. Both campuses have the same ISB curriculum and run in parallel with each other. There is no difference in the curriculum, apart from the choice of electives.
The total number of aspirants shortlisted for ISB PGP will be 900 (approx.). The seating capacity at Mohali campus is less compared to the Hyderabad campus (first ISB campus). So, the seats are divided between both the campuses in the ratio of 3:7 (3 for Mohali and 7 for Hyderabad).
Cycles for Application
It is advisable to apply early to plan and work on relocation arrangements. However, applying in any round (R1, R2 & R3) will have equal chances of selection (unless applicant is not looking for scholarship). The seats are allotted for each cycle, the number of offers made vary based on the decision of the admissions committee.