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Submitted By : Zohaib Azhar
2 | Page . It was established in 1955 with initial technical support provided by the world famous Wharton School of Finance. An IBA student. The course contents. Institute of Administration IBA Business IBA is the oldest business school outside North America. the curriculum. the University of Southern California set up various facilities at the Institute and several prominent American professors were assigned to the IBA. the pedagogical tools and the assessment and testing methods were developed under the guidance of reputed scholars from these two institutions. attending a government run institution with fewer facilities. University of Pennsylvania. Most arguments though aren’t objective. 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. later. would never concede to LUMS being better than his own almamater whereas LUMS students would always refer to the HEC Rankings to prove whose better.IBA versus LUMS No Karachi versus Lahore debate is ever complete without a heated discussion on which of the two above business schools are better.
Till 1994. A bill is pending in the Assembly for conferring the status of a University to IBA. The faculty. Despite a rapid increase in the number of business schools. the University of Karachi awarded degrees to the graduates. The IBA provides an enabling environment. The IBA Philosophy The recurrent theme of the 50 years of IBA's existence is that business education should be rigorous but also relevant and looking to the future. staff. In that year. the IBA has maintained its position as the premier Institution of higher learning in the field of Management and Business Administration. conducive to scholarship and research. the Sindh Assembly elevated the Institute's status to that of a degree-awarding institution. Students acquire 3 | Page . students and members of the industry work together to achieve learning goals.
to become active participants and leaders. With his resilient efforts and patronage of the business community. and to apply their knowledge in realworld context. Lahore University of Management Sciences (LUMS) One of the largest universities of Pakistan. started the establishment of what was to become one of the leading universities of South Asia.knowledge and skills through constructive and distinctive processes that encourage them to develop understanding of business concepts and issues. 4 | Page . They are encouraged to take responsibility for their own learning. The idea of establishing the university took root in the mind of Syed Babar Ali. Pro Chancellor. and ambitious plans for the future. the Lahore University of Management Sciences (LUMS) is a world class academic institution with a proud history of achievement. The IBA programs are designed to provide world-class professional managers and entrepreneurs for the business and industry in Pakistan. LUMS who is the guiding spirit behind the university. academia and representatives of the government. think independently and to make rational choices.
In addition to this. Many members of the Board are representatives of the business community and form a crucial link between the University and the business world. As a result. 1985. 1984. was incorporated on November 7. Consequently all land and university buildings are owned by NMF.With support of ten of the leading public and private sector corporations of Pakistan. being the sponsors of LUMS. LUMS has strived to achieve the aim of imparting world class education while encouraging research and intellectual growth in the country. LUMS has 5 | Page . Since its inception in 1985. The principal functions of the Board are to set broad policy guidelines and to review the operations of the University which functions on no-profit. the University was given the legal right to establish degree-granting programmes. no-loss basis. the sponsoring body of the University. comprises leading members of the business community. The Board of Trustees. the policy-making body of the University. The NMF was granted a charter by the Government of Pakistan for establishing the University on March 8. the government also granted authorisation to set up other schools under the aegis of the "Lahore University of Management Sciences". the National Management Foundation (NMF). academia and representatives of the government. Through this charter. raise the necessary funds for the University’s operations and meet its infra-structure requirements. The Board of Governors of the NMF.
Adapted from leading business schools all over the world and then customised through local cases. Hard Work We believe that sustained hard work provides the underpinning for the socio-economic development of a nation. LUMS Philosophy Merit Based Approach LUMS adheres to merit as the sole criteria in it's decision making. The LUMS Business School. The first class of MBA students graduated in 1988 and was rapidly placed in national and international companies while others became successful entrepreneurs. which is the distinctive quality of the LUMS MBA programme. Value Addition Our programmes are structured so that every activity enhances student learning and individual development. this methodology has produced top business graduates of the country. All activities are thus designed with definite learning objectives. Intellectual Rigour The programmes offered at LUMS not only require the capacity 6 | Page . The LUMS MBA programme is first rate in standards and is based on the case methodology of teaching. This applies to all aspects of its operations. LUMS academic programmes help develop the stamina and diligence essential for success in the increasingly competitive international environment. now known as the Suleman Dawood School of Business (SDSB) opened its doors to the first batch of MBA students in 1986. to admission and evaluation of students.played a key role in setting high standards of academics and producing professionals who can compete with counterparts from any university across the world. from selection of faculty and staff.
Competition may not always be healthy but for the neutral observer it is always highly amusing. as an unbiased observer who graced the halls of neither IBA nor LUMS. but also the ability to think analytically and to solve problems. as learning without personal integrity will be of little value to the individual and the society. vying for the enviable title of the country’s best educational institution. his first question is: “Are you from LUMS?No?” Their mental process seems to contain a simple binary classification: LUMS or not LUMS. I would like to present a collection of arguments (based on impeccable logic and verified facts) presented by either side as to why one has always trumped the other. And so. Critical Analysis Versus IBA of LUMS In an age of no scarcity in rivalries.This time students of Pakistan’s two premier business schools are trading jabs at each other. The mental strength that comes from a rigorous academic programme prepares the participants to perform demanding intellectual tasks. new borders are being drawn. “It’s not even a university! It’s an institution.to work hard. Enter the LUMS student Confident and self-assured. The opinion on IBA is simple.” 7 | Page . Character Building We consider character building to be an integral aspect of our programmes.
HEC needs to have some form of bifurcation to define the difference between the two. Sleep deprivation at IBA may single-handedly drive the institution’s case to elevation to university status. quizzes and courses he has to juggle whilst keeping up appearances at social gatherings. the independence they gain while living in a different city (by that argument. citizens of Lahore should go to IBA instead) and the exposure they receive to different personalities during their time in college. Now we know which students are more promiscuous anyway. The LUMS student (or LUMINITE as they prefer to be called) then informs me of the well-rounded education they receive. he elaborates on the number of assignments. Those poor IBA graduates have no flexibility in their courses (and their thinking) and are stuck with the same people throughout their four years. They claim that they need a job that something more intrinsically fulfilling and that repetitive tedious tasks are hardly what their degree merits. LUMS clearly has the best music scene. The prima donna of college then recounts the hours of sleep he lost during his stint at IBA.Clearly. A common complaint that employers have is that LUMS graduates are much more fickle than their IBA counterparts. IBA students are apparently preferred by employers because of their ability to put their head down and work even the most repetitive of tasks. Surprisingly this claim is not denied by LUMINITES (a title which bears striking resemblance to a certain wood-gnawing insect and an ancient cult group known for their obsession with ambigrams). Enter the IBA student Displaying more restlessness than a New Yorker waiting at a pedestrian crossing. assuming LUMS takes over the responsibilities of the HEC. An IBA graduate was once known to work at a drainage 8 | Page . To top it all off. exams.
If you see different competitions around the world then it can be seen quite clearly that participation of IBA students is much more and better than LUMS. IBA is not bad. General Comparison between LUMS and IBA So. IBA considers fluff. But definitely here LUMS is better than IBA. What LUMS considers critical reasoning and analysis. The IBA graduate could recite the text contained in most of his books – backwards.Harvard but in general its not better than LUMS. Regarding his LUMS counterparts. The famed IBA diplomacy having deserted him here. Faculty: If one asks about LUMS fauclty then its one of the best in Asia. now after a general comparison between these two business schools now i will compare them on certain criteria. IBA does have some of excellent teachers from Cambridge. The IBAian (the verdict is still out on the pronunciation) then informs me of the job he has to get back to.cleaning firm without complaining about the quality of work even once. Students: In terms of students IBA has much more hardworking and brilliant students than LUMS. the IBA graduate marvels at how their heads can contain so much hot air. In HEC ranking IBA students are given more points than LUMS. and leaves with the same bustle he entered. he points out that the only practical skill they learn is how to talk – excessively. unlike his job-deprived LUMS counterpart. MIT. In HEC ranking LUMS has been given more points for faculty. 9 | Page .
So. its a matter of years that it would be converted into a university with excellent sports and recreational facilities. Ishrat Hussain to upgrade its facilities so as to meet the international standards. 10 | P a g e .Facilities: As far as facilities are concerned LUMS is better than IBA. But none the less IBA is doing concerted efforts under Mr. It has a vast land at its main campus in Karachi university.
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