INSTITUTE OF BUSINESS ADMINISTRATION (IBA):
Introduction:
The Institute of Business
Administration (IBA), Karachi; is a public university in Karachi, Sindh,
Pakistan.
IBA was accredited by the South Asian
Quality Assurance System (SAQS) in 2011.
CFA University Partner and the first
university in Pakistan to be granted that status by the CFA Institute.
History of IBA:
It was in 1955 the Institute of Public and Business
Administration (IPBA) was established, making it one of the oldest business
school outside North America. Initial technical support was provided by the
world famous Wharton School of Finance, University of Pennsylvania. Soon after
the University of Southern California set up various facilities at the
Institute and several prominent American professors were assigned to the IBA.
The course contents, the curriculum, the pedagogical tools and the assessment
and testing methods were developed under the guidance of reputed scholars from
these two institutions. IBA has zealously guarded the high standards and
academic traditions it had inherited from Wharton and USC while adapting and
adjusting them with the passage of time.
In 1956 a two-year MBA morning program commenced as
a constituent unit of the University of Karachi. Faculty was hired in the
department of Public and Business Administration, in collaboration with the
University of Pennsylvania and assisted by United States International
Corporation Administration, now USAID. In 1957, a two-year MBA evening program was launched to
cater to the needs of numerous working executives and managers who were
interested in furthering their careers through part-time business studies.
It was in 1965 the faculty of IBA, Dhaka University and Kelley School of
Business jointly developed the two-year MBA program for former East Pakistan.
The first computer course, Electronic Data Processing was offered in 1966.
After the complete construction of the Institute's two campuses, morning and
evening classes commenced at the main campus in 1965, and at the city campus in 1967. In 1968 a two-year BBA program was introduced,
followed by the launch of a three-year BBA (Hons.) program in 1982, which has now been upgraded to a four-year BBA
program.
The Faculty of Computer Science was
originally established as the Center for Computer Studies in 1983 with the collaboration of IBM, Pakistan. It
initially offered a PGD in System Analysis along with a two-year MBA (MIS)
program to overcome a shortage of software professionals in the country. It now
offers BS (Computer Science), MS (Computer Science), and PhD programs. It was
in 1989 the PGD (System Analysis) program was upgraded to a two-year MBA (MIS)
program. At the start of a new decade, a two-year MBA (Banking) program
was launched in collaboration with ANZ-Grindlays Bank. In 1993, two programs, a two-year MBA Executive and a
three-year BBA Executive were started at the city campus. Till 1994, the University of Karachi awarded degrees to the
graduates. In that year, the Sindh Assembly elevated the Institute's status to
that of a degree-awarding institution.
In 1997, a three-year BBA (MIS)
honors program was announced to cater to the increasing role of information
technology in business. The MIS program was renamed to Management Information
System and Sciences program in recognition of the fact that it covers both
Information Systems and Computer Sciences. The PGD (Computer Science)
evening program was offered to part-time students in 1998. In the same year, a three-year Bachelors in
Computer Science (BCS) honors program was announced, along with a three-year
BBA (MIS) program, and a three-year BS (Computer Science) program. At
the start of the 21st century, in 2002, all undergraduate programs were upgraded to
four-year degree programs. In the same year, Centre for Executive Education
(CEE) was established. In 2004 the National Talent Hunt (NTHP) program was
launched. In 2005 PhD's in CSE, MIS and ICT were offered.
In 2008, a two-year MS in Computer Science, Information
technology and Software Engineering were offered along with a BS in Software
Engineering and Information Technology. In the same year the four-year BCS
degree title was renamed to BS Computer Science. In 2009, IBA introduced its first weekend Executive MBA
Program (EMBA) of 2.5 years, focusing on the needs of the mid-career
professionals, serving in the Corporate Sector, Banks and Government
departments. The curriculum, methodology and course material have been
developed in consultation with industry experts and lead resource persons. The
Center for Computer Studies was renamed to Center for CS and MIS. In the same
year, two MoU's were signed: a 10-year MoU was signed with Babson College, USA
for setting up the IBA Center for Entrepreneurial Development (CED); and
another with the CFA Institute.
The Center for CS and MIS was renamed
to Faculty of Computer Science in 2010. M.S. (Economics) program was introduced, along
with the Dean's List and Best Final Year Project awards. The use of Enterprise
Resource Planning (ERP) was also implemented in the same year. The MBA
curriculum was revamped in 2011, with the new program of study requiring a
minimum of two years of relevant work experience. PhD (Economics) was launched
in the course of that year. The IBA was awarded South Asia Quality Assurance
Systems (SAQS) accreditation by AMDISA. The Departments of Mathematical
Sciences, and Social Sciences and Liberal Arts were established marking the
Institute to be more than a business school. During the same year, the IBA
received membership of the European Foundation for Management Development.
In 2012 the Learning Management System (LMS) was put
into effect. A number of undergrad, grad post grad programs were launched,
including a four-year BS Economics and Mathematics program, MS Mathematics, PhD
Mathematics and MS programs leading to PhD. The Institute signed MoUs with the
University of Malaya; the Indian School of Business (ISB), to promote executive
education in Pakistan; and with the SP Jain Institute of Management and
Research. The IBA was registered as an education provider of the Project
Management Institute (PMI), USA. It was in 2012 the Institute's alumni crossed the 10,000
graduates mark.
The Institute offered four-year
undergraduate programs in the Department of Social Sciences and Liberal Arts,
and in the Department of Accounting and Finance. To facilitate student and
faculty exchanges along with research collaborations, the IBA International
Resource Center (IRC) was established. The Social Sciences and Liberal Arts
Department set up the Ardeshir Cowasjee Center for Writing for students to
explore creative avenues through prose. MoU's for the BS Accounting and Finance
Program were signed with the Institute of Chartered Accountants of Pakistan
(ICAP) and the Institute of Bankers Pakistan (IBP). In 2014 Centre for Excellence in Journalism
(CEJ-IBA) was established through an agreement between the IBA and the US State
department. CEJ is a collaboration between the International Center for
Journalists (ICFJ), the Institute of Business Administration (IBA), and the
Medill School of Journalism at Northwestern University. In the same year, PhD
in Computer Science was offered. Two more MoUs were signed for the BS
Accounting and Finance Program with the Chartered Institute of Management
Accountants (CIMA), and the Association of Chartered Certified Accountants
(ACCA).
The Centre for Excellence in Islamic
Finance (CEIF) was established in 2015 at the Aman Tower, city campus with the
objective of providing a platform for discovery, enhancement and dissemination
of knowledge in the field of Islamic Finance. It aims to be a world class
Centre which, through education and research, carries on IBA's legacy of
thought leadership in the Islamic Finance industry. PGD in Supply Chain
Management, Human Resource Management and Healthcare Management was also
introduced during the year.
In 2016 a MoU was signed with the International
Centre for Education in Islamic Finance (INCEIF), Malaysia for cooperation with
the IBA CEIF followed by the launch of a two-year MS in Islamic Banking and
Finance program offered by the Center in 2017. 2018 saw a one-of-its-kind portal
introduced by the Institute, the IBA Job Portal which was conceived and
designed in-house by the ICT department in collaboration with the Career
Development Center and the Alumni Department. This portal enables alumni and
students to create their profiles and find jobs/internships, while employers
can post vacancies and search profiles for hiring purposes. The job portal will
be the most effective tool in streamlining the placement procedure and building
a network of students, alumni and employers. The CEJ-IBA introduced the
MS Journalism program in 2018. The same year saw the launch of BS Economics,
along with an approval of the MS Management program by the Higher Education
Commission.
Vision:
To be among the best learning
institutions in Pakistan.
Mission:
To impart quality education in
numerous educational fields to students selected on merit irrespective of
ethnicity, gender, religion, or financial means.
To provide a teaching and learning environment
that encourages critical thinking, ethical conduct and effective decision
making.
To undertake original research that enriches
teaching which benefits business, government and civil society.
Core Values:
Discipline - Discipline requires self-regulation and adherence to
an established code of conduct. Discipline facilitates the smooth functioning
of the institute and is essential for an IBA student.
Creativity – Creativity breeds innovation which is critical for an
institution to expand its frontiers. IBA students are encouraged to generate
new ideas to attain their goals.
Tolerance – Tolerance represents the ability and willingness to
accept and coexist with other opinions and behaviors. Tolerance is an essential
characteristic of successful individuals and societies.
Integrity – Integrity suggests the quality of being honest and
having strong moral principles. Integrity is crucial to the reputation of
individual students as well as that of the IBA.
Teamwork - Teamwork requires harmonizing individual effort to
achieve a common goal. Without teamwork, individual efforts can be wasted and
institutions can suffer.
According to Time’s Educations, IBA
was ranked among the top 600 Asian universities. Institute of Business
Administration (IBA) Karachi has established itself as the leading business
institute of Pakistan. After putting your efforts for 13 years, one does
deserve a healthy campus life where he can find new learning opportunities and
feel like home every passing day, and where he can find friends like a family
who can be their support system. We believe IBA is well known for providing
quality campus life to its students. You may hear people talking about a lot of
stuff not good at IBA, but you will hardly find anyone who will not be
satisfied with IBA’s campus life.
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