ISB plans to double students' scholarships to Rs 8 cr

The Indian School of Business is planning to double the total amount of student scholarships to Rs 8 crore, as part of efforts to lure good talent as well as provide opportunities for wider section of aspirants.

"We are planning to increase the total amount of scholarships to Rs 8 crore for students of class of 2013, which runs from April 2012 to March 2013.

"The amount of scholarships planned is double than what was offered for 2012 class," Indian School of Business (ISB) Deputy Dean Deepak Chandra told PTI.

These scholarships would be for the full-time Post Graduate Programme in Management, the tuition fee for which is about Rs 18.9 lakh.

A premier business school, Hyderabad-based ISB is gearing up to open its second campus in Mohali by early next year.

According to Chandra, the aim of increasing the scholarships is to attract good talent apart from bringing in students with diverse profiles.

ISB hopes to see more international students and those from small towns, among others, he added.

"The scholarships would be awarded based on merit and need," he said.

Moreover, the doubling of scholarships comes at a time when the school is increasing the number of students intake. With the Mohali campus, ISB is expected to have over 770 students.

These scholarships would be in addition to those offered by corporates for ISB students. Many global entities including Citigroup, HSBC and Novartis are already offering scholarships.

Among others, ISB has academic alliances with Kellogg School of Management, The Wharton School, London Business School and MIT Sloan School of Management.