IIM-Calcutta
NEW DELHI: Indian Institute of Management, Calcutta is now in the elite list of 711 B-schools globally known as Association to Advance Collegiate Schools of Business (AACSB), after US announced the new members of this exclusive club. With this, IIM-Calcutta becomes the first IIM to receive this accreditation, which is considered to be the gold standard of by B-schools and less than 5% of the global business programme being accredited by it. IIM-Calcutta is only the third Indian B-school to be accredited by AACSB — two other are Indian School of Business, Hyderabad and T A Pai Management Institute, Karnataka.
In all there are 716 B-schools across 47 countries which have received AACSB accreditation. Apart from AACSB, the other global accreditation bodies are Association of MBAs (AMBA), European Quality Improvement System (EQUIS). IIM Calcutta has already been accredited by Association of MBAs (AMBA) this year. It is also the only Indian member of Community of European Management Schools (CEMS), which is an elite club of 29 premier business schools from across the world. Therefore IIM-Calcutta is the only institute in India to have dual accreditation by AACSB and AMBA and a member of CEMS.
Terming this a big opportunity for the B-school, Saibal Chattopadhyay, director, IIM-Calcutta said: "We have been waiting for this for a long time. To be assessed globally and then be a part of the exclusive club of 716 B-schools is a great opportunity. Therefore, this is a major breakthrough for us."
IIM-Calcutta underwent five years of assessment by AACSB, and based on 21 standard assessments of which 19 are applicable to the B-school, as it dosen't offer any undergraduate programme, has been given accreditation for a period of five years.
"We all like to be a global player, to have international faculty and students and with this accreditation we will be a part of the top international network of B-schools. What helped us is that we think differently in our continuous improvement. With the stringent parameters laid down by AACSB, we have gone through a five year journey of continuous improvement in a holistic manner which has had a positive impact on several aspects of the institute such as quality of students, faculty quality and research output, infrastructural facilities, among others. With this accreditation our responsibility has become many manifold. And indeed this is a huge opportunity for us to go global," added Chattopadhyay.
All accredited schools must go through a peer review process every five years in order to retain their accreditation. AACSB International also announced that ESPAE-Graduate School of Management (Ecuador), National Central University (Chinese Taipei), Newcastle University (United Kingdom) and the University of Canterbury (New Zealand) have earned accreditation in business, and Northumbria University (United Kingdom) has earned accreditation in accounting.
Posted by Besteducationhub.com
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