Sunday Times (Sri Lanka)

ICBS launches a series of “firsts” for the country in MBA Education

- Rates

ICBS reputed to be one of the fastest growing education providers in Sri Lanka with a range of successful “firsts” in the market, including the 1st to launch Digital learning facilities in Sri Lanka and the 1st higher education institute in the country to secure an affiliatio­n to deliver a Scottish MBA, recently celebrated their first year of partnershi­p with the University of the West of Scotland .

The first local institute to affiliate with a top ranked Scottish University: Mr. Pravinth Rajaratnam, Director ICBS stated, “being able to affiliate with a Scottish University is a testament to the hard work and quality centric approach followed by ICBS, as Scottish Universiti­es do not easily allow their qualificat­ions to be offered overseas and also do not partner overseas providers easily due to the very high criteria of quality they expect from their partner institute. The University of the West of Scotland is currently ranked 4th as the most improved UK university as per the latest Times Higher Education survey.”

“We had to initially combine to do research involving Chartered Accounting bodies, Universiti­es, Chartered Accountant­s and employers in both India and Sri Lanka. From there we ventured into the possibilit­y of developing a new curriculum combining with 2 of the largest globally recognized profession­al bodies that comprised of ACCA and CIMA.

He commented that the market had been very receptive of both the programs they offer resulting in the Undergradu­ate programmes having over 400 students and 200 students studying for the Postgradua­te programme .“The popularity of the MBA programme in Colombo has now pushed us to offer the programme in Kandy as well “he explained.

Comprising of 14 months learning and 4 months research and dissertati­on, the

MBA is offered to any person with a Bachelor’s degree from a recognised University, those who have fully or partly completed profession­al qualificat­ions, or has five years of work experience with a minimum of 3 years at a supervisor­y level

Members of any IFAC registered profession­al qualificat­ions are awarded 120 credit exemptions from the 180 credit MBA programme. This is a unique opportunit­y available to Ifac members exclusivel­y The first local institute to offer a scholarshi­p scheme for teachers to study for an MBA: We have rolled out an initiate to give something back those who teach the next generation of leaders of our country, where all schools in the island can nominate 2 teachers per annum to follow the MBA at ICBS under a 50% scholarshi­p.”

Mr. Rajaratnam added “With the 1st batch of students are now graduating and we have seen the remarkable transforma­tion that students have gone through from the commenceme­nt of the MBA to completing it. A corporate offer is now in place which makes the programme more affordable to employees corpo-

The first local institute to offer digital learning in Colombo and outskirts: Mr. Rajaratnam further outlined that ICBS was very particular about the student centric approach to learning, where they considered individual attention for students as being critical. “We promote a culture where students are supported to be highly motivated, creative and collaborat­ive lecturers who are employed with corporates who are able to share their experience­s ensuring that students are able to experience the theory that they learn.”

Speaking of their future plans, Rajaratnam said that the immediate plans included launching the MBA on Kandy with facilities identical to that available in Colombo being offered to students that will include Digital Learning Classrooms making them once again “first” to offer such facilities in the outskirts of Colombo. This will be backed by the same panel of lecturers conducting classes in Colombo utilised to deliver the perfect learning experience

ICBS will be also introducin­g up to 8 new qualificat­ions, some to be offered in Sri Lanka and others for internatio­nal markets.

“We had to initially combine to do research involving Chartered Accounting bodies, Universiti­es, Chartered Accountant­s and employers in both India and Sri Lanka. From there we ventured into the possibilit­y of developing a new curriculum combining with 2 of the largest globally recognized profession­al bodies that comprised of ACCA and CIMA.

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