Since 1955 Program Announcement 2015-2016 Contents Program Directors & Coordinators 40 Academic Calendar 2015-2016 42 Vision & Profile Programs MS (Mathematics) International Linkages 02 155 44 Undergraduate Programs Message of the Admission Policies BBA EMBA (Executive MBA) Dean & Director & Procedures 88 158 03 45 BBA (Entrepreneurship) PhD Programs The Policy Makers 96 PhD (Computer Science) Rules & Regulations 04 166 51 BS (Accounting & Finance) Programs on Offer 106 PhD (Economics) Fee Structure 06 169 57 BS (Computer Science) 114 Anatomy of Financial Assistance PhD (Mathematics) Higher Education 58 BS (Economics 171 08 & Mathematics) Facilities & 120 PhD (Statistics) Academia Infrastructure 172 63 BS (Social Sciences & Liberal Arts) Associate Deans & Courses and Enhancing our 126 Chairpersons Course Descriptions Outreach 10 Graduate Programs 174 71 MBA Full Time Faculty 136 Contact Information Journey of 12 246 Excellence MS (Computer Science) Visiting Faculty 76A & 76B 149 25 Student Services MS (Economics) Adjunct Professors 77 152 38 Important Events & Heads of Departments Activities (2014-2015) 39 83 PROFILE The cornerstone of the Institute of Business Administration was laid in the year 1955. Sixty years down the line, the institute remains dedicated to the task of imparting valuable education and work ethics to its students. The institute has gone through major changes over these six decades in order to embrace a wider set of disciplines in its curricula. These changes have been made in order to respond to the requirements of the society, market and economy. They are also an outcome of associations forged with credible institutions, local and international and various stakeholders, prominent being the IBA Alumni. Infrastructural and technological advancements have been accomplished despite their expected share of challenges. The cumulative impact of these developments is that the IBA today provides a conducive environment to its students continuously enriching their academic pursuits with networking, entrepreneurial, cultural and experiential learning. The blend of these sure-footed steps has enabled a more wholesome environment of enlightenment. The Institute takes pride in honing skills that would not only make our graduates highly valued professionals, but at the same time imbibe ethical values in them, so that they are able to exhibit and demonstrate standards of integrity in the wake of temptations and compulsions. Vision IBA also encourages its students and faculty to develop a global perspective, but to apply their knowledge and practices towards finding the solutions of local problems. In this connection, IBA has received accreditation from the South Asia Quality Assurance Systems (SAQS) and gained membership of various “To become a world-class business international and regional professional bodies, associations and networks. school for leadership and innovation in IBA has received accreditation from the National Business Education management” Accreditation Council (NBEAC), an HEC body. The Association to Advance Collegiate Schools of Business (AACSB), has assigned a Mentor to IBA pursuing the process of accreditation. ‘‘Champions do not become champions when they win the event, but in the hours, weeks, months and years they spend preparing for it. The victorious performance itself is merely the demonstration of their championship character.’’ T. Alan Armstrong MESSAGE OF THE DEAN & DIRECTOR The year 2015 is a turning point in IBA’s recent history, as it would be embarking upon a new five year strategic plan. The Strategy 2020 is being formulated by a group of Faculty members in consultation with the Stakeholders – Students, Staff, Faculty, Alumni, Employers and Board members. The draft plan will then be discussed internally and placed before the Board of Governors for its approval. I do not wish to pre-empt the results of this exercise, but suffice it to say that the coming years will witness consolidation of existing Academic Programs, Infrastructure, IT Facilities and Community Outreach activities that have made considerable headway. More efforts would have to be focused on attracting, retaining and motivating high quality Faculty that can add value to our academic endeavors. Research, Case studies, Executive Education, Consultancy Services to Industry would form an integral part of the portfolio of the Faculty members in addition to their teaching responsibilities. This is a big challenge but we hope we would be able to make progress in this dimension of our work as well. The other challenge has to do with the financial sustainability in the future. The existing financial sustainability model of IBA has successfully withstood the test of time, so far operational expenditures are being financed from internally generated revenues, government grants and income from the Endowment Fund. While the number of students has risen from 1800 to 3500 in the last seven years, thus contributing to enhanced internal revenues, the income from the Endowment Fund is likely to decline because of the lower interest rate regime. I hope the Board of Trustees of the Fund would step up their efforts to mobilize additional resources and beef up the size of the Fund. Husain, Ishrat (Hilal-e-Imtiaz) HEC Distinguished National Professor (Economics & Public Policy) PhD Boston University MA (Dev. Economics), Williams College, Massachusetts Former CSP Officer Former Chief Economist for Africa, East Asia & Pacific Region with World Bank Former Governor State Bank of Pakistan Ex-Chairman, National Commission for Govt. Reforms, Govt. of Pakistan Chairman, Global Advisory Council on Pakistan, World Economic Forum Chairman, Board of Directors, National Academy for Performing Arts President Association of Management Development Institutions of Pakistan Member, Advisory Council, Woodrow Wilson Center The Policy Makers 04 Patron Audit & Finance Committee Academic Board Dr. Ishrat ul Ebad Khan Chairman Chairman Governor of Sindh Mr. Zahid Bashir Dr. Ishrat Husain Board of Governors Chairman Dean & Director The Premier Insurance Co. Institute of Business Chairman Pakistan Ltd. Administration Karachi. Karachi Dr. Ishrat Husain Members Members Dean & Director Institute of Business Administration Karachi Dr. Ishrat Husain Dr. Zeenat Ismail Members Dean & Director Professor IBA, Karachi. IBA Karachi Mr. Justice Munib Akhtar Mr. Shahid Shafiq Judge, High Court of Sindh Karachi. Director Mr. Shahid Shafiq Dr. Mohammad Nishat Shahid Shafiq (Pvt.) Ltd. Director Professor Prof. Dr. Mohammad Qaiser Karachi. Shahid Shafiq (Pvt.) Ltd. IBA Karachi Vice Chancellor Karachi. Dr. Mahnaz Fatima University of Karachi, Karachi. Mr. Iftikhar A. Vohra Professor President Mr. Sohail Wajahat H. Siddiqui IBA Karachii. Prof. Dr. Abida Taherani Karachi Chamber of Chief Executive Officer Vice Chancellor Commerce & Industry Goldfire Holdings (Pvt.) Ltd. Dr. Nasir Touheed University of Sindh Jamshoro. Karachi. Professor Dr. A. Q. Mughal IBA Karachi Dr. Fazlullah Pechuho HEC Nominee Ms. Musharaf Hai Additional Chief Secretary Chief Executive Dr. Qazi Masood Ahmed Education & Literacy Deptt. Member Provincial L’Oreal Pakistan Professor Government of Sindh Karachi. Assembly of Sindh Karachi. IBA Karachi Selection Board Dr. Talat A. Wizarat Mian Muhammad Adrees Professor President Chairman IBA Karachi Federation of Pakistan Chamber of Commerce & Industry Karachi. Dr. Ishrat Husain Dr. Shakeel A. Khoja Dean & Director Professor Mr. Waqar Hassan Siddique IBA, Karachi. IBA Karachi Partner The Abraaj Group Members Dr. Muhammad Shahid Qureshi Dubai, United Arab Emirates. Professor Mr. Muhammad Saleem Bhounr IBA Karachi Mr. Shuaib Ahmed Sindh Public Service Commission Vice Chairman Hyderabad. Dr. Noman-ul-Haq Pakistan Gum and Chemicals Professor Company Ltd., Karachi. Mr. Shahid Shafiq IBA Karachi Director Mr. Wazir Ali Khoja Shahid Shafiq (Pvt.) Ltd. Dr. Sayeed Ghani Karachi. Associate Professor & Associate Ex-M.D. Dean IBA, Karachi. National Investment Trust Karachi. Mr. Tariq Kirmani Mr. Sohail Wajahat H. Siddiqui EP.xI.-AM. DKarachi. DAsrs. oScaiajjtaed P rHoafeisdseorr Chief Executive Officer IBA Karachi Goldfire Holdings (Pvt.) Ltd. Karachi. Mr. Jalees Ahmed Siddiqui Dr. Nasir Afghan Ex- Chief Executive Assistant Professor & Mr. Zahid Bashir IGI Insurance Limited Program Director MBA IBA, Karachi. Karachi. Chairman The Premier Insurance Co. Pakistan Ltd. Mr. Najmus Saquib Hameed Mr. Jawwad Ahmed Farid Karachi. Chairman CAElcOhemy Technologies (Pvt.) Limited The Layton Rahmatullah Ms. Musharaf Hai Benevolent Trust Karachi. Karachi. Chief Executive Mr. Mohammad Shoaib L’Oreal Pakistan Mr. Fazlullah Qureshi Chief Executive Karachi. Member, Board of Directors Al-Meezan Investment National Rural Support Programme Management Ltd. Islamabad. Karachi Excerpts of Academic Calendar 05 2015-2016 Excerpts of Academic Calendar 2015-2016 June 24, 2015 Summer Fall August 21, 2015 to Semester Semester to August 13, 2015 2015 2015 December 31, 2015 January 18, 2016 Spring Convocation to Semester December 05, 2015 2015 May 24, 2016 2016 June 13, 2016 Summer Fall to Semester Semester August 19, 2016 August 02, 2016 2016 2016 August 20, 2015 Eid ul Fitr* July 18 to 20, 2015 (Fall 2015) Orientation Eid ul Adha* September 24 to 26, 2015 January 16, 2016 Days Ashura* October 23 & 24, 2015 (Spring 2016) (*Subject to sighting of the moon) Programs on Offer 06 Master of Business Bachelor of Science (BS) Bachelor of Business Administration (MBA) S. No Information Administration (BBA) Economics Computer Social Sciences Accounting & Morning Evening & Maths Science & Liberal Arts Finance Higher Secondary School A minimum of 16 years of education Certificate (Pre-engineering OR Higher Secondary School Higher Secondary School out of which 4 years should have General Group with Certificate Certificate with a Minimum been spent in an HEC recognized Mathematics) with Minimum (Any Group with 60% marks) of 65% marks university / degree awarding institute with: 60% marks OR OR A minimum of 60% aggregate marks OR 'A' Level (Minimum 1 'B' and 2 ‘A’ Level (Minimum of 2 ‘B’s OR Admission and 1 ‘C’) in 3 principal subjects 'A' Level (Minimum 1 'B' and 2 'C's) 'C's) in 3 principal subjects A minimum of 2.50 CGPA on a scale of 1 in 3 principal subjects including OR Requirement OR Mathematics American High School Diploma 4.00 (as applicable) American High School & OR (Minimum of 80%) Diploma Minimum of 80% A minimum of 2 years of relevant work American High School Diploma OR OR experience gained after graduation / Minimum of 80% An International An International Baccalaureate completion of 16 years of education OR Baccalaureate (Minimum (Minimum 25/45) with 2.5 CGPA or 60% whichever is An International Baccalaureate 24/45) applicable** (Minimum 24/45) n English Composition (MCQs) n English Composition (MCQs) n English Composition (MCQs) 2 Aptitude Test n English Comprehension n English Composition (MCQs) n English Comprehension n English Comprehension Component (Essay Writing Skills) n Mathematics (MCQs) (Essay Writing Skills) (Essay Writing Skills) n Mathematics (MCQs) n Mathematics (MCQs) n Mathematics (MCQs) Aptitude Test - 3 SAT-1 SAT-I & SAT-II (Mathematics) SAT-I GMAT Difficulty Level BBA Degree from IBA, Minimum Aptitude Test Minimum 1900 score in SAT-I Minimum 1840 score in SAT-I & Min Minimum 1840 score in SAT-I 2.5 CGPA & 2 years Work Experience 4 OR 650 score in SAT-II (Mathematics) OR Exemption*# ACT score of 29 OR ACT score of 28 ACT score of 28 OR Minimum 600 score in GMAT 5 Student Profile Avg Age: 19 Avg Age: 19 Avg Age: mid 20s 43 courses, 45 courses, 49 courses, 147 credit hours, 48 courses, 46 courses, 144 credit hours 42 courses, 147 credit hours + 3 Research Research Project 1 Culminating 72 credit hours, for BBA Projects for 150 credit hours 147 credit hours Experience/ 127 credit hours duration 24 months Graduation Responsible BBA Responsible Responsible Thesis Responsible Comprehensive exam 72 credit hours, 6 (Entrepreneurship) Citizen Internship Responsible Citizen Internship duration 42 months Requirement Citizen Internship Responsible Citizen Internship (RCI) Citizen Initiative (RCI) Corporate Internship Comprehensive exam (RCI) Citizen Internship (RCI) Corporate 8-10 week Corporate for Non BBA Corporate (RCI) Corporate internship Background Internship Corporate Internship Internship Corporate Internship Internship Internship Tuition fee of Fees Fall Rs. 164,500 / Rs 164,500 / Rs 33,000/- for all 7 Rs. 164,500 / Semester Rs. 128,500 / Semester 2015**** Semester Semester part-time students Per Course****** 8 Classes Start August August & January August August & January 9 Duration 4 years full time 2 years to 5 years 3.5 years to 7 years 10 Campus Main / City Main Main / City Main / City Note: * Participation in Group Discussion & Interview is mandatory **** IBA reserves the right to revise the fees without prior notice ** For details, see work experience requirement ***** Full-time MS students shall be paid a stipend of Rs 25,000/- per month *** All equivalency claims shall be evaluated by the HEC (www.hec.gov.pk) ****** See Page - 57 Programs on Offer 07 Master of Science (MS) Executive MBA Doctor of Philosophy (PhD) Computer Computer Economics Mathematics Various Specializations Economics Mathematics Statistics Science Science A minimum of 16 years of education out of A minimum of 16 years which 4 years at an HEC recognized A minimum of 16 years of education of education (BS/MSc- university / degree awarding institute and out of which 4 years should Mathematics) out of minimum 3 years of post qualification work have been spent in an which 4 years should have experience MS / M Phil / Equivalent in relevant subject from HEC OR HEC recognized university have spent in an HEC Qualified Chartered Accountants with 2 recognized local / foreign university with: / degree awarding institute with: recognized university / years of post-qualification work experience Minimum 60% aggregate marks in the last degree degree awarding OR A minimum of 60% aggregate institute with: A minimum Qualified ACCA upon completion of 3 years OR marks of 60% aggregate marks post ACCA work experience A minimum 3.0 CGPA in the last degree where applicable*** OR OR A minimum of 14 yeaOrRs of education out of Also have to fulfill specific requirements by the respective departments A minimum of 2.50 CGPA on a A minimum of 2.50 which 2 years at an HEC recognized scale of 4.00 (as applicable) CGPA on a scale of 4.00 university/degree awarding institute and (as applicable) minimum 6 years post qualification work experience. HEC rules will be applicable. nnn EMSnuagbthljiesechmt CSaotpimcescp i(aoMlsiCzitaQiotsino) n(MCQs) nn EMnagthlisehm Caotimcsp (oMsCitQiosn) (MCQs) nnn BEAnupgspillniiseehds CsM oEamnthgpelriemshhae (tMnicsCsi oQ(Mns C)\ Q Csa)se Study nnn EMSnpagethclisieahmli zCaaottimciospn (oMsCitQiosn) (MCQs) nC(nM o MECmnaQgptshloi)seshmitioatnics nC(nM o SECmtnQagptsilosi)ssthiictison GRE General + Specialization GMAT GRE General + Specialization GRE Math --- Subject Test BBA Degree from IBA, Minimum 2.5 Minimum 650 score in Minimum 650 score in quantitative GRE (Int'l) Minimum 650 OR CGPA & 3 years Work Exp quantitative GRE (Int'l) score in GRE --- OR OR 160 score in quantitative revised GRE (Int'l) subjective Math Minimum 600 score in GMAT 160 score in quantitative revised GRE (Int'l) Avg Age: mid 30s Avg Age: mid 20s Avg age: 26 Avg work exp: 10 years 54 credit hours 15 courses & 11 Core courses 55 credit hours Thesis 6 Core courses+ 22 courses 8 courses 6 courses 4 elective 28 credit hours (9 credit Hours) 2 electives 72 credit hours 24 credit hours + 18 credit hours + courses + through courses [45 credit 24 credit hours + 1 Project Comprehensive Comprehensive Thesis 30 credit 27 credit hours through courses Thesis 6 credit hours Comprehensive exam Exam + Dissertation Exam + Dissertation hours through thesis 9 credit Hours through Thesis] Rs 30,000/- per course MS full-time students are required to pay Rs 20,000/- per course Monthly stipend and full tuition fee waiver Rs 83,500/- per semester***** (for Govt. Employees, armed forces and non-profit organizations) August August & January August September, January & May August August & January 2-2.5 years 2 years - 5 years 4-5 years City Main Main Main Main / City Main # Candidates appearing in IBA’s aptitude test will not be able to avail To apply for any of the above programs the option of fielding the SAT score if they do not qualify the aptitude Please visit our website at www.iba.edu.pk or email [email protected] test. Anatomy of 08 Higher Education Higher education starts with undergraduate studies leading upto graduate courses; these are stopovers in a student’s journey of obtaining knowledge and carving out a career in the chosen field of study. Undergraduate courses lay the basic foundation that is used as a springboard to pursue graduate courses or a master’s degree. Courses at an undergraduate level, also referred to as bachelor’s courses, are usually taken after completing 10+2 / equivalent level in most countries. These courses are classified as BS / BA / BBA. Undergraduate programs are designed to strengthen the knowledge-base of young students. Courses in the freshman year are of an introductory level, with a gradual increase in their difficulty approaching sophomore, junior, and senior years. It is only after successful completion of undergraduate courses that a student can aspire to go for higher studies and enroll into a graduate course such as a master’s degree program. An undergraduate degree lasts four years, whereas a graduate degree lasts two years. The highest graduate degree that a student can pursue is the doctoral degree which involves intensive research work. Undergraduate Programs Graduate Programs The IBA launched its Bachelor programs in The IBA initially offered MBA program only for Business Administration in 1982, conducted day scholars. In 1957, an Evening Program was under the aegis of the Karachi University, these launched to cater to the needs of the 3-year programs continued till 1994. Upon numerous working executives and managers, acquiring degree awarding status that year, who were interested in furthering their careers the nomenclature, the bachelor programs was through part-time business studies. changed to bring it in consonance with The outstanding aspect of graduate programs international standards. The curricula of the is the study in a “specialized” field, as obtaining bachelor level programs were also revised, and a Master’s degree involves acquiring complex they became 3-year ‘Undergraduate Programs’. analytical and critical skills in a “particular” field. Later in 1999, to keep step with the universal Additionally, producing original work, including bias of technology in higher studies, IBA the writing and defense of a thesis or launched its first BS programs – to this end dissertation, is a major constituent of graduate the BS (Computer Science) program was studies. The MS degree is an “untagged” introduced. In 2002, in pursuit of making IBA degree, as the name of the major is excluded undergraduate degrees compatible with from the degree title, whereas MBA is a international standards, all IBA undergraduate “tagged” degree. Over the years, the MBA programs were upgraded as 4-year degree program has evolved significantly, aided by programs. Thereafter, cognizant of the growing the revamped curriculum. Commencing 2011, it demand for a diversified nature of studies; in has been made mandatory that 2012 and 2013, IBA introduced a series of BS undergraduates have 2 years of work Programs, including BS (Economics & experience before embarking on MBA study Mathematics), BS (Social Sciences / Liberal Arts) programs. The MBA Executive Program was & BS (Accounting and Finance), thus expanding launched in 2009 for the in service the array of undergraduate qualifications and professionals who cannot attend week-days degrees available to its students. These program. This program attracts senior level offerings were augmented by incorporating executives both from private and public student-conducted tutorials, projects and other sectors. initiatives leading to a highly satisfying experience under a credible faculty and insightful mentors.
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