The last decade has seen an avalanche of higher education institutes in Pakistan thanks to the vibrant regime of Dr. Atta ur Rehman. While his contributions are exemplary, we saw some colleges and universities coming up just to earn profits and not providing quality education to their students. As I got involved in the hiring process at my companies (first Dunya TV and then GreenTech) Over the last couple of years, I was shocked and disappointed to see the quality of education these so called non-profit educational institutes are providing.
A fellow writer and a business graduate herself, Saman recently suggested that we should do some research on top universities and educational institutes in Pakistan and help the prospective students in choosing the right educational institute. Therefore, we’re going to start a new category called Education and will try to come up with posts to help not only the students living in Pakistan but overseas Pakistanis who want to get their kids enrolled in Pakistani educational institutes that provide quality education. First in this series is a list of top 5 business schools in Pakistan. The rankings are based on the quality of the students, faculty and most importantly market worth of each business school and not the HEC rankings which rank the universities based on God knows what criterion.
1. Suleman Dawood School of Business – (LUMS) – Lahore
The Lahore University of Management Sciences (LUMS) has achieved the status of Harvard University in Pakistan. Its pioneer school Suleman Dawood School of Business was launched in 1986. It is known for unique teaching methods, such as the case study method, preparation of students academically, personally, and professionally for successful careers and provides opportunities to make a difference.
2. Institute of Business Administration (IBA) – Karachi
Institute of Business Administration (IBA) Karachi 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.
- BBA (4 years)
- MBA (2 years)
- MBA - Evening (3-4 years)
- MS (Economics) - Evening (2 years)
- Executive MBA
- PGD – Evening
3. Shaheed Zulfikar Ali Bhutto Institute of Science & Technology (SZABIST) – Karachi
SZABIST is one of the top 20 business schools from Asia recognized by Business Week. Only two business schools from Pakistan are listed in Business Week’s rankings. SZABIST has been recognized internationally by Asia week, Asia Inc. and CNN as well.
4. Lahore School of Economics (LSE) – Lahore
The Lahore School of Economics (LSE) was established in 1993. It has acquired a good reputation in recent years for its quality of education and professional grooming of its students. It has become a second choice after LUMS for students interested in business studies.
- BSc (Hons) with Double Major in Economics and Finance
- BSc (Hons) with Major in Economics and Minor in Finance
- BBA (Hons) with Double Major in Finance and Marketing
- BBA (Hons) with Major in Marketing and Minor in Media Studies
- MBA with Major in Finance & Banking
- MBA with Major in Marketing
- MSc in Economics
- MPhil in Economics
- MBA for Professionals
5. FAST School of Business – Lahore
Although FAST School of Business established in 2004, it has gained a good reputation in business studies with its Alumni working in multinational companies including IBM, Unilever, P&G and AC Nielsen.
- BS (Accounting & Finance)
- Master of Business Administration (1½-year)
- Master of Business Administration (2½-year)
- Master of Business Administration (3½-year)
Although every institute has its own pros and cons but all the universities are worth spending your precious time and money to get quality business education. The preference may also depend on your personal choice.
About the Author
Osama Hanif Bhatti is the co-founder and CEO of OH Media and Marketing Ltd. He is also serving as Manager Online Marketing & SEO at GreenTech UK. He’s the editor of Bits Station and also contributes regularly on technology, environment, design and leadership at various other blogs. Follow him at twitter.com/osamahanif.