The prestigious AACSB Accreditation has been awarded to the Indian Institute of Management Lucknow (IIML); Symbiosis International University-Symbiosis Centre for Management and Human Resource Development (SCMHRD) Pune; and ICFAI Business School (IBS) Hyderabad. AACSB accreditation is awarded to the institute for its demonstrated focus on excellence in all areas- quality in teaching, research, curriculum development, and student learning.
With these three new accreditations – IIM Lucknow, SCMHRD Pune, and IBS Hyderabad, the total number of Indian B-schools with AACSB accreditation has gone to 14 including 4 AACSB Accredited IIMs.
In its recently released press release, AACSB (Association to Advance Collegiate Schools of Business) announced that Indian Institute of Management Lucknow; Symbiosis International University– Symbiosis Centre for Management and Human Resource Development Pune; and ICFAI Business School Hyderabad have earned accreditation along with 8 other B-schools and universities in China, France, and other countries.
Here are the schools that have been AACSB accredited:
- ICFAI Business School, Hyderabad (India)
- Indian Institute of Management Lucknow (India)
- Symbiosis International University-Symbiosis Centre for Management and Human Resource Development (India)
- Business School of Central University of Finance and Economics (China)
- East China University of Science and Technology (China)
- Huazhong University of Science and Technology (China)
- SILC Business School, Shanghai University (China)
- The School of Management at Xiamen University (China)
- Inalde Business School (Colombia)
- Universidade do Vale do Rio dos Sinos – UNISINOS (Colombia)
- Paris School of Business (France)
- Waseda Business School (Japan)
Indian B-Schools with AACSB Accreditation
With the award of three more accreditations, the B-schools with AACSB accreditations are gone to 14 from 11 earlier:
- ISB Hyderabad
- IIM Calcutta
- XLRI Jamshedpur
- SPJIMR Mumbai
- IIM Indore
- School of Business Management at NMIMS Mumbai
- IMT Ghaziabad
- TAPMI Manipal
- IIM Udaipur
- IFIM Bangalore
- Amrita School of Business (ASB) Coimbatore
- IIM Lucknow
- SCMHRD Pune
- ICFAI (IBS) Hyderabad
AACSB Accreditation has been received by only 5 percent of the world’s B-Schools offering business degrees at the bachelor level or higher. With the latest AACSB Accreditation, a total of 874 institutions across 56 countries and territories have earned and maintained AACSB Accreditation. Furthermore, a supplemental AACSB Accreditation is also maintained by 190 institutions for their accounting programs.
To receive AACSB accreditation, a institute must go through a rigorous, multi-stage review process to get assessed their quality of the educational services on a framework of 15 international standards. These standards ensure continuous improvement and provide focus for schools to deliver on their mission, innovate, and drive impact.
A proper accreditation of the B-School and its programmes from the national or internationally reputed bodies such as the National Board of Accreditation (NBA), Association to Advance Collegiate Schools of Business (AACSB), European Quality Improvement System (EQUIS) and Association of MBAs (AMBA), etc is helpful for prospective students and parents to shortlist the best business schools to invest their time and money. As, in India approximately 3000 business schools offer MBA/PGDM programs.
The AACSB, a American professional organisation founded in 1916, is the longest-serving global accrediting body for B-Schools, and the largest business education network connecting students, educators, and businesses worldwide AACSB has offices located in Tampa, Florida, USA; Amsterdam, the Netherlands; and Singapore.
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