IBA is the oldest business school outside North
America. It was established in 1955 with initial technical support
provided by the world famous Wharton School of Finance, University
of Pennsylvania; later, 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.
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. A bill is pending
in the Assembly for conferring the status of a University to IBA.
Despite a rapid increase in the number of business schools, the IBA
has maintained its position as the premier Institution of higher
learning in the field of Management and Business Administration.
The IBA initially offered its MBA program only for day scholars. In
1957, an Evening Program was started to cater to the needs of the
numerous working executives and managers who were interested in
furthering their careers through part-time business studies. In
1982, a three-year BBA (Honors) Program was introduced 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 diploma in System Analysis to
overcome a shortage of software professionals in the country. It now
offers BS (Computer Science), MS (Computer Science), and PhD
programs. The PhD degree is being offered in the areas of Computer
Science and Engineering (CSE), Information and Communication
Technology (ICT), Operations Research, Artificial Intelligence ,
Cryptography, Numerical Analysis and Numerical Computing.
In 2009, IBA introduced its first weekend Executive MBA Program (EMBA),
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.
450 participants from more than 100 organizations are attending this
program steered by leading professionals and senior IBA faculty.
The Center for Executive Education organizes customized courses for
corporate clients and holds short courses on emerging issues and
themes for those engaged in business. The newly established Center
for Entrepreneurial Development at the IBA is envisioned to be a
breeding ground for high-growth businesses. It will be a pioneer in
educating and training those willing to adopt an entrepreneurial
career in life. The CED provides a conducive research and
development environment f o r innovation and also assists in turning
ideas into business opportunities. It aims to put Karachi on the
entrepreneurial map of the world and help Pakistan emerge as a
prosperous country with a competitive economy. IBA has recently
signed a 10 year collaboration with Babson which is the top most
entrepreneurship institute in USA.
IBA has recently introduced new BS degree programs in Economics and Mathematics ( Double Major), Social Sciences, Accounting and Finance and also MS/ Phd programs in Economics and Mathematics.