10 SEP 2019

Indian School of Business Launches Goldman Sachs 10,000 Women Ambassadors Programme

Hyderabad, India, September 9, 2019 -- The Indian School of Business (ISB) and Goldman Sachs today announced the launch of the Goldman Sachs 10,000 Women Ambassadors Programme to help fuel the continued growth of India’s economy through the acceleration of women-owned businesses. The programme is the first-ever advanced course for Goldman Sachs 10,000 Women, which has trained more than 1,500 women entrepreneurs, from more than 20 states in India, since 2008.

Goldman Sachs 10,000 Women is a global initiative that fosters economic growth by providing women entrepreneurs around the world with a business and management education, mentoring, networking, and access to capital. Founded on the understanding that investing in women entrepreneurs leads to economic growth and stronger communities, Goldman Sachs 10,000 Women has reached more than 10,000 women from 56 countries to date, partnering with more than 30 leading business schools and 100 academic and non-profit partners. In 2008, ISB was the inaugural partner of Goldman Sachs 10,000 Women in India and trained the first 45 cohorts of more than 1,300 women.

A 2018 report by McKinsey indicates that India has one of the largest opportunities in the world to boost GDP by advancing women’s equality, which would lead to $770 billion of added GDP by 2025.1 The current female contribution to India’s GDP is 18 percent, one of the lowest proportions in the world, reflecting the fact that only 25 percent of India’s labour force is female. The report estimates more than 70 percent of the potential GDP opportunity resides in increasing women’s participation in the labour force by 10 percentage points and calls for a focus on opportunities to address the lack of access to the fundamental enablers of economic opportunity for women.

Designed in partnership with the faculty at ISB, the fully-funded Goldman Sachs 10,000 Women Ambassadors Programme seeks to address and enable such economic opportunity. The programme is an advanced course that builds on the business fundamentals taught in Goldman Sachs 10,000 Women and is specifically designed to fast-track high-potential business owners through a curated curriculum that focuses on business expansion and organisational growth strategies, including building organizational capabilities, leveraging finance for growth, and harnessing the power of digital marketing through customer analytics.

“Following up on our nearly decade-long, successful partnership with Goldman Sachs 10,000 Women, where graduates reported growth in revenues and job creation in their businesses across India, we are thrilled to launch the first-ever Goldman Sachs 10,000 Women Ambassadors Programme,“ said Dr. Philip Charles Zerrillo, Deputy Dean, ISB. “ISB is extremely committed to women’s entrepreneurship and this one-of-its-kind programme aimed at current business owners will provide the tools necessary for participants to take their operations to the next level.”

“Launching the first-ever Goldman Sachs 10,000 Women Ambassadors Programme in India is a testament to the success of women entrepreneurs in the country,” said Charlotte Keenan, Global Director for Goldman Sachs 10,000 Women. “This programme signifies our belief in the potential of women entrepreneurs in India to grow their businesses and serve as ambassadors in their communities and beyond.”

The programme will begin on November 17, 2019 at ISB’s Mohali campus. It will be taught by ISB faculty and industry specialists and will consist of two residencies over three months.

To qualify for the programme, one must be a graduate from Goldman Sachs 10,000 Women and apply for the Goldman Sachs 10,000 Women Ambassadors Programme at: www.isb.edu/ambassadorsprogramme Goldman Sachs 10,000 Women is currently delivered in partnership with the Indian Institute of Management Bangalore (IIM Bangalore). Candidates interested in applying for Goldman Sachs 10,000 Women may access the programme website. https://www.nsrcel.org/10000-women/

1 https://www.mckinsey.com/featured-insights/gender-equality/the-power-of-parity-advancing-womens-equality-inindia-2018


About Indian School of Business

The Indian School of Business (ISB) is a global business school offering world-class management education across its two campuses – Hyderabad and Mohali. The School has grown at a rapid pace over the past eighteen years since its inception and already has several notable accomplishments to its credit – it is the youngest school ever to consistently rank among the top Global MBA programmes, one among the select 100 global b-schools to have AACSB and EQUIS accreditation. ISB is one of Asia’s largest providers of Executive Education, and the most research-productive Indian management institution. A vibrant pool of research-oriented resident faculty, strong academic associations with leading global bschools and the backing of an influential Board, have helped the ISB fast emerge as a premier global business school in the emerging markets. For details visit www.isb.edu.

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.

Goldman Sachs has been serving Indian clients since the early 1990s and established an onshore presence in India in December 2006 following a ten-year joint venture. Today, it serves leading corporate and institutional clients through corporate finance (investment banking), equity sales and trading and fixed income securities businesses, as well as providing macro-economic and investment research. Goldman Sachs is also an active investor in India, deploying more than $3.4 billion in capital since 2006.

In 2004, Goldman Sachs opened its office in Bengaluru. Today, as an integral part of the firm’s global activities, the Bengaluru office with more than 5,000 professionals is the firm’s second largest office in the world. In 2019, the firm invested $250 million and opened a new, state-of-the-art campus in Bengaluru.

About Goldman Sachs 10,000 Women

Goldman Sachs 10,000 Women is an initiative to foster economic growth by providing women entrepreneurs around the world with a business and management education and access to capital. The
initiative has reached women from 56 countries through a network of 100 academic, nonprofit, and bank partners. In partnership with the International Finance Corporation (IFC), Goldman Sachs 10,000 Women launched the first of its kind global finance facility in 2014 to enable access to capital to more women entrepreneurs. The Goldman Sachs 10,000 Women curriculum is available online through Coursera, creating access to a business education in more corners of the world. For more information on Goldman Sachs’ investment in female entrepreneurs, visit https://www.goldmansachs.com/citizenship/10000women/