The Indian School of Business (ISB) today announced its accreditation by the Association to Advance Collegiate Schools of Business (AACSB), making it the first business school in South Asia to be recognized by this premier global body. This acknowledgement by the oldest and longest serving global accrediting body for business schools implies that ISB now joins the exclusive league of the world’s best business schools. The AACSB accreditation has been earned by less than five percent of the world’s business schools.
Ajit Rangnekar, Dean, Indian School of Business said, “We are delighted to have received the prestigious AACSB accreditation, which is regarded as the hallmark of excellence in business education. The AACSB is unique because of its mission-driven approach, evaluating the applying schools against peer schools with similar missions. Given our commitment to creating research-based knowledge, and developing leaders through innovative world-class programmes, we are delighted to have this robust and independent reaffirmation of our adherence to our mission.”
He further added, “We are confident that this recognition will translate into increased interest by the international community comprising of faculty, students and recruiters, and help us chart Asia’s and India’s growth as the global management education hub.”
Today Asia is increasingly being viewed as the next global management hub. Within Asia, India is emerging as a significant player owing to factors such as opening and globalising of Indian economy, massive explosion of higher education and a change in approach from being ‘inward looking’ to ‘outward looking’. Against this backdrop, international accreditation will enable Indian B-schools to strengthen their global standing and raise the quality of Indian education. With ISB being the first Indian management education institution to earn the AACSB accreditation, it aims to put India firmly on the world management education map.
Expressing happiness over the development, Adi Godrej, Chairman, Indian School of Business said: “The AACSB Accreditation is yet another feather in the cap of ISB, adding to its spectacular track record of success and growth. The fact that this external endorsement of the school’s quality has come on its tenth anniversary, makes it even more eventful. I congratulate the entire ISB community on this accomplishment. The achievement further strengthens ISB’s mission to put India on the world map of top quality management education by consolidating our global position.”
Achieving AACSB accreditation is a process of rigorous internal review, evaluation, and adjustment. Over the years, ISB has developed and implemented a plan to meet the AACSB accreditation standards, which requires a high quality teaching environment, a commitment to continuous improvement, and curricula responsive to the needs of businesses.
The ISB’s accreditation by the AACSB coincides with the tenth anniversary of the school and bears testimony to its demonstrated record of growth and accomplishment since its inception in 2001. The combination of world-class faculty, cutting edge research and collaboration with world renowned global b-schools has enabled ISB to take giant strides to become the youngest institution to be ranked among the top 20 b-schools in the world. ISB’s accreditation reflects its emergence as a pivotal player which will shape tomorrow’s global management education landscape.
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