The School of Business and Management ITB (SBM ITB) is the only school/faculty in ITB built on the humanities and management science. The ministry requires higher education institutions to conduct Tri Dharma Perguruan Tinggi.
SBM ITB is developing itself to excel in education, to develop and to disseminate knowledge in the fields of business and management. The research activities focus on business cases and management practices of the leading successful companies in Indonesia so that the development of management will be relevant to the Indonesian context.
Proximity to business environment and reliable research methodology improves SBM ITB’s ability to create excellence in research. As part of the internalization strategy, SBM ITB aims to achieve international accreditation. Furthermore, SBM ITB emphasizes globalization in order to prepare its students to compete with the students of other leading business schools in Asia and Pacific.
Mission and Vision
The mission of SBM ITB is:
“To educate students to be innovative leaders with an entrepreneurial mindset and to develop and disseminate knowledge of business and management for the betterment of business, government, and society”.
The Vision of SBM ITB is:
“Being a world-class institution that inspires and develop new leaders with entrepreneurial spirit”.
The industrial engineering department of ITB recognized the importance of business and management education in Indonesia as early as the 1970s. This idea stayed in the department during the 1980s but was finally realized in 1990 when Prof. Mathias A’roef, a prominent figure in Indonesia in the field of Industrial Engineering, introduced the MBA program at ITB with a concentration in operational management. This, in turn, culminated in the founding of SBM ITB.
In 2002, the Governing Council approved the formation of an undergraduate program in business and management. A team was assigned to develop a vision and mission statement and to design learning methods best suited to the program. The team developed a curriculum which was considered a breakthrough in business and management education in Indonesia. It proposed the use of performance art to develop students’ self-confidence as well as skills in leadership, communication, and conflict resolution. In line with a social constructionist paradigm, the curriculum emphasized the importance of team-based learning as opposed to one-way lecturing. Some of the innovative courses designed by the team were Integrative Business Experience (which was adapted from a course offered at the University of Central Missouri), Management Practice, and Community Service. The team also proposed the use of English as the medium of instruction.
In December 2003, the School of Business and Management was formally established. The nomenclature “School” was chosen instead of “Faculty” to signify its autonomy. In the process, the MBA program which was initially run by the Faculty of Industrial Engineering, became part of the School of Business and Management, allowing it to have two programs; the undergraduate program and the MBA program.
In August 2004, SBM ITB admitted 115 students to the undergraduate program. SBM ITB has experienced continuous growth, and with the support of faculty and professional staff it aims to make a positive contribution to educational development in Indonesia. SBM ITB currently has a student body of 2,221.
SBM ITB has full authority to make decision sat the strategic and operational level. At the strategic level, SBM ITB is authorized to initiate international relationships and to offer new study programs. Nevertheless, the programs must comply with regulations imposed by the Ministry of Education of Indonesia.
At the operational level, SBM ITB has been granted certain degrees of autonomy by ITB. In finance, SBM ITB has the authority to manage 70% of its tuition fees; the remaining 30% is retained by ITB. The availability of financial resources has enabled SBM ITB to develop its remuneration system to attract and retain exceptional faculty members and to recruit the professional staff necessary to maintain a high level of service.
SBM ITB is authorized to develop its own curriculum, to propose and subsequently run a new academic program, to manage all academic programs (within SBM ITB), and to develop as well as to implement the SBM ITB research agenda. Both at operational and academic levels, SBM ITB is aligned with the policies of the Ministry of Research, Technology, and Higher Education of Indonesia. For example, in promoting the development of faculty, SBM ITB has designed the remuneration system based on three academic activities: teaching, research, and community services (as the basis of higher education in Indonesia).This situation leads to faculty members balancing those three activities to increase their competence and to contribute to SBM ITB’s mission.
As stated above, in 2015 ITB was ranked number one on the list of best universities released by the Ministry of Research, Technology, and Higher Education.
In 2009, just six years after its establishment in December 2003, SBM ITB received recognition from SWA Magazine (http://www.swa.co.id, a highly rated business magazine in Indonesia), as the best MBA program in Indonesia. The magazine also recognized the IBE (Integrative Business Experience) provided by SBM ITB as one of the most innovative programs offered by business schools.
The very high public reputation of SBM ITB is evidenced by the lowstudent admission rate.The admission rate for the undergraduate programs in 2014-2015 was just 4%. There were 3,207 applicants for the 136 available places in the undergraduate programs. At a ratio of 24:1, SBM ITB has become one of the most sought after business schools in Indonesia.
Table below shows that BAN-PT, the Indonesia national accreditation board affiliated with INQAAHE, APQN, and AQAN, has given high rankings to SBM ITB.
||BAN PT Ranked
|Bachelor of Management
|Bachelor of Entrepreneurship
|Master of Business Administration(Bandung Campus)
|Master of Business Administration(Jakarta Campus)
|Master of Science in Management
|Doctor of Science in Management
*The Bachelor of Entrepreneurship and Doctor in Science Management received B grading as the programs did not yet have alumni at the time of the accreditation.
Out of the 18,420 programs from various universities nationwide that have been accredited by BAN-PT, only 1,833 (9.95%) have been awarded the highest ranking of A. This means that 4 of the 6 SBM ITB programs are already in the top 10% and we expect that the other two programs will also receive this high ranking.
SBM ITB is recognized by www.eduniversal-ranking.com at three palms (excellent). In 2013, the MBA program of SBM ITB was awarded the highest ranking of “Excellent” by ABEST21 (http://www.abest21.org). SBM ITB is a member of ASEAN University Network-Business and Economics (AUN-BE), and is certified by ISO 9001:2008.
SBM ITB’s international reputation is built through several levels, namely institutional, faculty, and student levels. At the institutional level, SBM ITB has forged collaborative partnerships with various international institutions (please see Appendix 1.2.1). SBM ITB has 28 international partners from 12 different countries such as Aalto University, St. Gallen University, Northumbria University, Groningen University, Delft University of Technology, University of Nebraska-Lincoln, Munich University of Applied Science, Pforzheim University, and Tokyo Institute of Technology. The collaborations cover faculty exchange, student exchange, a double degree program, a joint program, and research partnerships. There also have been joint international conferences and seminars on topics of mutual interest. These collaborations are evidence of the strong reputation that SBM ITB has among its peers.
In order to stay up-to-date on the latest developments in their respective fields, SBM ITB faculty members maintain active involvement in international scientific organizations, not only as members and in roles such as Secretary but also as reviewers, and members of panels and committees. The international scientific organizations in which the SBM ITB faculty members are involved include Society for Computational Economics (SCE), American Economic Association (AEA), Institute for Operations Research and the Management Sciences (INFORMS), International Society for the Systems Sciences (ISSS), and Agent Based Simulation for a Sustainable Society (ABSSS).
SBM ITB students actively participate in a variety of international events, and have received awards such as: (1)The Most Creative Design, HSBC Young Entrepreneur Challenge 2012; (2) The Most Outstanding Delegate of European Union with topic of Social Safety Net in Time of Crisis; (3) Delegation in The 13th AUN Educational Forum and Young Speakers Contest at Vietnam National University; (4) Runner up for Global Marketing Management in Madrid; (5) Qualifying for the regional finals of Global Social Venture Competition-Southeast Asia; (6) Winner of Trust DANONE National Competition 2012 and representing Indonesia at Trust DANONE International Competition in Paris; (7) Winner of ASEAN Entrepreneurship Competition; (8) Third place at the L’Oreal Brainstorm International Final in Paris; and (9) Scholarships for postgraduate studies from Lotus Unlimited Project Erasmus Mundus.
SBM ITB has three campuses that are located in Bandung, Jatinangor, and Jakarta. Bandung (the headquarters) is dedicated to the Bachelor of Management (BM), Master of Science in Management (MSM), Master of Business Administration (MBA), and Doctor of Science in Management (DSM). Jatinangor Campus is dedicated to the Bachelor of Entrepreneurship (BE) Program, while Jakarta Campus is dedicated to the Master of Business Administration (MBA), Doctor of Science in Management (DSM) Program, and Executive Education.
|Jl. Ganesha 10, Bandung
Jawa Barat – Indonesia
|Jl. WinayaMukti no. 1, Jatinangor
Jawa Barat – Indonesia
|TK Low Center for Executive Education
GrahaIrama 12th Floor, Jl. HR Rasuna Said Kav. 1-2
Jakarta – Indonesia