The Institute of Business Administration (IBA), Karachi is the oldest business school outside North America. It was established in 1955 with initial 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 is proud to have preserved the high standards and academic traditions it had inherited from Wharton and USC, while adapting and enhancing them with the passage of time.
A large number of Pakistani faculty members received advanced degrees from Wharton and the University of Southern California. IBA has continued to develop formal partnership and collaboration agreements with a number of universities and institutions within and outside Pakistan, for the purpose of student and faculty exchange, executive education, and joint research. IBA became the first Business School in Pakistan to enter into a strategic partnership with the Indian School of Business, Hyderabad (ISB) – the 12th ranked top Global Business School. It has also signed partnership collaborations with Babson College, MA, USA, University of Malaya, Malaysia, and the Institute of Chartered Accountants of Pakistan (ICAP).