Goldman Sachs Launches '10,000 Women', ISB to be the Indian Associate

Goldman Sachs Launches '10,000 Women', ISB to be the Indian Associate

10,000 Underserved Women Around the World Will Receive a Business and Management Education
Partnerships Between Universities in the U.S. and Europe and Business Schools in Emerging and Developing Economies to Improve the Quality and Capacity of Business Education
Indian School of Business (ISB) to be the Indian Associate for this Program

The Goldman Sachs Group, Inc. (NYSE: GS) today announced '10,000 Women', a global initiative that will provide 10,000 underserved women, predominantly in developing and emerging markets, with a business and management education. The Indian School of Business (ISB) will be the India associate to implement this global initiative in India. The initiative will invest in a largely untapped yet significant resource - the exponential power of women as entrepreneurs and managers. Through partnerships between universities in the U.S. and Europe and business schools in emerging and developing countries, 10,000 Women also will seek to have a lasting impact on the quality and capacity of business education in developing regions around the world.

The initial partnerships will support pragmatic, flexible and shorter-term programs, resulting in business and management certificates that can open doors for thousands of women whose financial and practical circumstances prevent them from receiving a traditional business education. There will also be a select number of MBA and BA degrees conferred.

"Those of us who champion open markets must also do our part to create more opportunity to ensure economic growth is more broadly shared," said Lloyd C. Blankfein, Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc. "10,000 Women focuses on a critical, yet often overlooked area where we believe Goldman Sachs can use its resources and convening power to help build the foundation to expand the ranks of business women, managers and entrepreneurs around the world."

Speaking about the ISB’s association with this global initiative, Deepak Chandra, Associate Dean, Executive Education, said, "In the past, women have not been encouraged to step out of the traditional mould into 'male' domains such as ‘business’. It is very important for influential B-schools such as the Indian School of Business, to take on the responsibility of breaking traditional barriers and mind-sets and provide opportunities for women to utilize their entrepreneurial talents. I am very hopeful that this program will help us to support women to recognize their leadership potential and make an impact on society."

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Contributed by -
Ms. Bhuvana Ramalingam,
Director - Communications,
Indian School of Business, Hyderabad.

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