The Indian School of Business has formed academic alliances with the Kellogg School of Management at Northwestern University, the Wharton School at the University of Pennsylvania, and the London Business School (LBS), bringing the best of global management practices and thinking into ISB's curriculum. Kellogg, Wharton and the ISB signed a Memorandum of Understanding in November 1997, which provides for a sharing of expertise and academic resources. 

Kellogg and Wharton have infused the best and latest in global management techniques and thinking into the ISB's academic purview by helping to design the curriculum and develop course material. Most importantly, faculty and researchers from these and other leading institutions teach regularly at the ISB and also participate in research at the School. 

In November 2000, the ISB also tied up with London Business School, one of the top business schools in Europe. It collaborates closely with the ISB for sharing faculty and research ideas, and has contributed to developing the ISB's Executive Education Programmes.