Attention: Assignment Editor
Immediate Release
Schulich School of Business Launches New MBA Program in India
TORONTO, ON – Friday, November 13, 2009 – The first MBA program to be delivered in India by a leading international business school from outside the country was launched in Toronto by the Schulich School of Business on Monday, November 9, 2009.
“Schulich is proud to provide one of the first truly international MBA degree programs to be offered in India,” said Schulich Dean Dezsö J. Horváth, CM. “The Schulich MBA in India offers students a unique MBA experience, including exposure to faculty and students from around the world. At the same time, it will develop expertise in two of the world’s major trading regions.”
The Schulich MBA in India is a two-year program. The first year is taught in Mumbai, the commercial capital of India, at the S.P. Jain Institute of Management and Research (SPJIMR). The second year is taught in Toronto at the Schulich School of Business. Schulich faculty will deliver the majority of the courses in Mumbai and all courses in Toronto. However, some of the courses in Mumbai will be delivered by India-based Adjunct Professors and will include local content with an India focus in some of the case studies. A partnership between Canada’s Scotiabank and India’s HDFC Bank will provide students with the benefit of a preferred loan program. Upon completion of the program, graduates receive a Schulich MBA degree.
“This evening’s gathering has been organized to share with you the latest development in our continuing commitment to bring our academic programs to a global audience and to incorporate the global dimension of management even more completely into our fabric as a School,” said Schulich Associate Dean, Academic, David Dimick during his opening remarks at the Launch.
Dean Dezsö J. Horváth, CM, welcomes guests to the Schulich MBA in India Launch | Mrs. Preeti Saran, Consul General of India in Toronto, speaks to attendees at the Schulich MBA in India Launch |
India has one of the fastest growing economies in the world and in the next three decades, it is anticipated that the country will become the third largest economy on earth. At the Launch, Preeti Saran, Consul General of India in Toronto, outlined the importance of education in a country where 50 per cent of the population is under 25 years of age.
“To meet the developmental aspirations of our one billion people, we have to invest in quality education,” said Mrs. Saran. “Programs like the Schulich MBA in India will create opportunities for Indian students who are looking to acquire world class management training. Given the need for quality education, I am certain [this program] will attract the best and the brightest students from India and prepare them for global careers, both in India and around the world.”
The Schulich MBA in India is the newest MBA program offered in India. It received government approval from the All India Council for Technical Education (AICTE), the national regulatory body governing school accreditation and the delivery of degree programs. The inaugural class of the new program will begin on January 4, 2010.
Several special guests who helped facilitate the Schulich MBA in India program were acknowledged at the Launch, including faculty and staff from the School; members of the Canadian government (the High Commissioner for Canada in India, the current and former Consuls General for Canada in India); and members of the Indian government (representatives from the Ministries of Education, Higher Education, External Affairs, Human Resources and Development, as well as the Prime Minister of India’s Office).
“Getting to the actual Launch of our new program was not an overnight journey. Nor was it one we completed on our own,” said Dean Horváth. “Sincere thanks to each and every one of our supporters. We at Schulich are very excited about what we hope will be a lifelong relationship with India.”
| Mumbai-based Schulich India Country Advisors (left to right) Subhabrata Basu and Imran Panju attend the Schulich MBA in India Launch | (Left to right) Monte Kwinter, Member of the Provincial Parliament for York Centre, Chair of the Ontario Investment and Trade Advisory Council and Parliamentary Assistant to the Minister of Economic Development and Trade chats with Dean Dezsö J. Horváth, CM, and other guests at the Schulich MBA in India Launch |
Schulich’s ties with India go back more than 15 years. The School has formed academic exchange partner agreements with a number of India’s leading management schools, including the Indian Institute of Management (IIM) Ahmedabad, IIM Bangalore and the Indian School of Business (ISB) in Hyderabad. Schulich has also established a Satellite Centre in Mumbai to recruit students, provide career placement services to alumni, offer executive education programs, support local Schulich alumni chapters and handle local media relations. With the creation of the Schulich MBA in India, the School is taking on a bold new initiative.
In his closing remarks at the Launch, Ashwin Joshi, Executive Director of the Schulich MBA in India program and Schulich Associate Professor of Marketing, said, “The Schulich MBA Program in India marks a significant milestone in the evolution of the relationship between India and Canada.” “It also represents a significant event in the on-going process of educational reform that is underway in India. As such, it is important for all of us to work together to make this initiative a spectacular success, as such success will foster greater levels of closeness between the two Commonwealth countries.”
“I ask from all of us that we contribute to this program, be it in the form of serving as guest lecturers or as recruiters of the graduates from this program,” continued Joshi. “The success of this initiative will require the enthusiasm and support of all our loyal stakeholders. I look forward to working with you in realizing the full potential of this incredibly exciting initiative in the field of management education.”
About Schulich
Known as Canada’s Global Business School™, the Schulich School of Business in Toronto is ranked among the world’s leading business schools by a number of global surveys. Schulich’s MBA program is ranked #1 in the world by the Aspen Institute (a Washington, DC-based leadership think tank) in a global survey that identified which schools are doing the best job of preparing future business leaders for the environmental, social and ethical complexities of modern-day business. Schulich’s MBA program is ranked #1 in Canada by The Wall Street Journal, Forbes, The Economist and Expansión (a Time Warner publication based in Mexico City). The Kellogg global network of EMBA partner schools, which includes the Kellogg- Schulich EMBA, is ranked #1 in the world by The Wall Street Journal, and the Kellogg-Schulich EMBA is ranked #1 in Canada by the Financial Times of London. For complete ranking details, please visit www.schulich.yorku.ca.
Global, innovative and diverse, Schulich offers business programs year-round at two Toronto campuses — its new state-of-the-art complex on York University’s main campus and its downtown Miles S. Nadal Management Centre located in the heart of the city’s financial district. The School also operates representative offices in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; and Moscow, Russia. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to careers in the private, public and nonprofit sectors, and has more than 21,000 alumni working in approximately 90 countries. Schulich pioneered Canada’s first International MBA (IMBA) and International BBA (iBBA) degrees, as well as North America’s first ever cross-border executive MBA degree, the Kellogg-Schulich Executive MBA. Schulich’s Executive Education Centre provides executive development programs annually to more than 16,000 executives in Canada and abroad.