http://www.businessweek.com/1998/40/b3598036.htm WHARTON SCHOOL AND NORTHWESTERN'S J.L. KELLOGG GRADUATE SCHOOL OF MANAGEMENT are normally fierce rivals. But the two B-schools are comfortable traveling buddies: Witness their working together for 14 years to develop the Sasin Graduate Institute of Business Administration in Bangkok. Now, the two parents have a second offspring: the Indian School of Business (ISB) in Hyderabad, due to open in 2000. The school's godfather--Rajat Gupta, managing director of McKinsey & Co.--took the idea to 10 elite B-schools. Wharton and Kellogg, Gupta says, were the ''best fit.'' And 200 U.S.-based teachers of Indian origin hope to teach at ISB. International donors will fund its $100 million campus. Why India? First, there's the need evidenced by so many Indian MBAs. Second, ''we're building a school not just for India but for the world,'' says Gupta. And, from Kellogg Dean Donald Jacobs: India ''has a large, rapidly growing economy, and it should have a world-class B-school.'' What about friction? ''Yes, Kellogg and Wharton are competitive,'' says Jacobs. ''That doesn't mean that we can't cooperate.'' They have done it here ! http://www.isb.edu But looks like ISB is not accredited by UGC and AICTE (Accrediting bodies of India) http://www.isb.edu/index_faq.html?topic=faq.html Do AICTE/ UGC recognise the ISB MBA? The ISB offers a Post Graduate Diploma in Management. The ISB certificate is jointly signed by the Deans of Kellogg, Wharton, and the ISB. The ISB diploma is not AICTE/UGC accredited. Should we think WHARTON SCHOOL AND NORTHWESTERN'S J.L. KELLOGG GRADUATE SCHOOL OF MANAGEMENT have an offspring which is unaccredited ? Take a look at the placements http://www.isb.edu/Pgp/apply/index_apply.html?topic=placement_sts.html Corporate world and "leading b-schools" does not care about accreditation now a days ??