IBA CONTINUOUSLY PRODUCING QUALITY BUSINESS GRADUATES
SHAMSUL GHANI (firstname.lastname@example.org)
July 07 - 13, 2008
With as many as 100 million young university-worthy people, the low turn out of professionally qualified people in Pakistan is a source of great concern. The economic conditions force majority of the aspiring and talented youth to end up as an undergraduate taking a sort of clerical or at the most a computer operator's job in a government or private organization. The rut of life and poor economic conditions create a powerful disconnect between them and the higher professional education. Successive governments' failure to give boost to the all important education sector through enhanced budgetary allocations and technical support has also added to the dearth of professionals. Private sector educational institutions, though maintaining near-international quality standards, have become out-of-reach for the common man due mainly to their highly unaffordable fee structures. In the given conditions, professional education appears to be the domain of the affluent alone. Higher Education Commission's inception, five years back, has kindled some hope for the betterment of professional education scenario. The capacity building programs taken up by the HEC during the last five years for the uplift both of the faculties and facilities at the institutions coupled with generous scholarship programs are something to cheer about for those concerned about the future of this country.
With the global focus riveting on economic and finance the requirement for quality business graduates was never as pressing as now. In Pakistan, the shift of focus from once-popular fields of medicine and engineering to the current highly-in fields of business, accounting, finance and IT underlines the fact that the management of fast depleting world natural resources will take a measured approach by international communities to secure a peaceful and sustainable co-existence. A business graduate is taught to make optimal use of available resources by inculcating him with the sense of various business disciplines related to economic, finance, market, technology etc.
A number of business schools throughout the country are offering under-graduate and post-graduate degree programs. Institution of Business Institution, IBA, the oldest business school outside North America, is busy since 1955 in producing quality business graduates that are highly in demand. Established under the USAID program, IBA got technical support first from the Wharton School of Finance, University of Pennsylvania and then from the University of Southern California. Besides setting up the required facilities at the institute, the Program also provided quality faculty assistance by assigning learned American teachers. Ranked second after LUMS, IBA boasts of having produced more than 7,500 business graduates since its inception, who are lodged in prestigious positions in the business, corporate and financial sectors of domestic as well as international origins. Besides imparting business training, IBA has also included in its curriculum the IT sector which has fast emerged to nicely dovetail the business and industry sectors. Its partnership with Microsoft allows it to keep abreast with the modern trends in software as well as hardware thereby enabling it to design programs and courses for students undertaking computer studies. Its agreement with the CBR to provide training to their personnel gives the public sector department a chance to review its decades-old organizational culture that has persistently undermined its performance. Another agreement recently executed between IBA and the International Finance Corporation, IFC provides IBA students a chance to benefit from state of the art teaching and training facilities in corporate governance.
According to the HEC rating, IBA ranks second in the Business field after LUMS. The table below shows ranking of top ten Business Universities of Pakistan.
HEC RANKING OF BUSINESS & IT
UNIVERSITIES OF PAKISTAN
Iqra University, Defence View KHI
Lahore School of Economics
Inst. of Business Mgt (IBM), KHI
Qurtuba University, D.I Khan
Karachi Inst. Of Econ. & Technol
City Uni. Of Sc. & IT, Peshawar
The ranking module is open to serious questions as the three top business universities have failed to reach the cut-off level of 60, generally utilized by these universities to award a minimum pass grade to its students. Only 4 out of 59 ranked universities have the distinction of surpassing the level of 60. These are; Agha Khan University, Karachi with an aggregate of 69.91; University of Agriculture, Faisalabad with an aggregate of 66.44; NWFP University of Agriculture, Peshawar with an aggregate of 64.10 and Pak Institute of Engineering & Applied Sciences, Islamabad with an aggregate of 61.35
IBA takes pride in developing an induction methodology based on pure merit. The aspiring lot is screened through a rigorous test and interview process and those finally selected are imparted business training in a demanding yet friendly and transparent academic environment. A series of continuously up-dated educational programs divided on semester basis finds place in the skillfully designed curriculum of the institute.
During a recent interview, Dr, Ishrat Hussain, Director IBA expressed his satisfaction over the quality of education being imparted by a number of accredited institutions, in the following words:
"Despite certain weaknesses within some institutes, there are many institutions in the country which are islands of excellence and are thriving mainly because of their high quality of education such as the Agha Khan University, IBA, LUMS, GIK, FAST, NUST and the HEJ institute. Now these are institutes which are recognized locally as well internationally, which speaks volumes for the fact that quality education does exist and there are universities which are clearly capable of producing substance. So, why not give them the due recognition for it?
Besides having benefitted from the services of such illuminaries in the capacity of its Dean / Director as Dr. Hashmi, Dr. Mateen, Dr. Wahab, Mr. Danishmand (and now) Dr. Ishrat Hussain, IBA prides itself in having on its Alumni list such notables as Mr. Shaukat Aziz, former Prime Minister, Pakistan; Mr. Tariq Kirmani, former Chairman & CEO, PIA; Mr. Asad Umar, CEO, Engro Chemicals; Mr. Mamoon Hussain, former Governor Sindh; Mr. Muneer Kamal, President KASB; Ms. Ayesha Aziz, MD, Pak Brunei Investment Company; Syed Fazle Hasan (Late), former acting Director IBA; Mr. Irfanullah Khan Marwat, former Sindh Minister for Mines & Mineral Development; Mr. Tariq Rezavi, CEO, Pak Arab Pipeline Company Limited, etc.