What’s an accreditation?
Accreditation is an independent voluntary evaluation process designed to identify institutes and universities that meet rigorous academic standards. International accreditation from a reputable independent accrediting agency is one good way to check the quality of an institution. Consequently, internationally accredited institutes score over their peers in terms of student placements, global exposure and overall reputation and also draw in a higher level of talent. Sometimes accreditation agencies also provide platform for advice, support, research, exposure to international events and job portals to help candidates in developing a network internationally.
What’s an MBA accreditation?
MBA Accreditation is a voluntary process by which b-schools demonstrate their academic quality to an independent accrediting agency. Accreditation agencies evaluate the quality standards of a b-school’s teaching, faculty, services, and students, among other metrics. Institutional accreditation certifies that a b-school meets high academic standards. B-schools are among the most competitive in the world, bringing advancements in curriculum and research for over decades. The indicator of success for many of these schools has been accreditation. It denotes that the accredited b-schools has achieved and maintains the highest standard of imparting education. A b-school is typically accredited for 3-5 years and renewed afterwards.
How’s an MBA accreditation & its quality important for students?
For anyone who is going to spend a large sum of money on an MBA course, accreditation is an assurance that the programme they are pursuing is world class and will open up job avenues on international level.
However, there are different forms of MBA accreditation with different standards can make it difficult for prospective students to choose the best accreditation for their choice of school. So, students need to understand who the main accreditation organizations are, and what they are assessing. Second, students need to check for business accreditation by an agency that carries value in the field. The quality of the accreditation varies depending on how highly the accrediting agency is regarded by students, employers, and other educational institutions. This MBA accreditation not only speaks to the quality of the program but the better the MBA accreditation equals the better MBA brand.
What’re the prestigious international MBA accreditations?
There are three top accrediting agencies for MBA programs: European Foundation for Management Development (EFMD, based in the Europe); the Association of MBAs (AMBA, based in the UK); and the Association to Advance Collegiate Schools of Business (AACSB, based in the US). For any b-school, it can take considerable effort and expense to achieve MBA accreditation, and some of the world’s most revered institutions have only one MBA accreditation.
What’s Triple Crown accreditation in MBA?
Triple Crown (accreditation) describes a b-school accredited by 3 major accreditation bodies: AACSB, AMBA and EQUIS. In India, only 3 b-schools IIM Calcutta, IIM Indore & ISB Hyderabad are triple crown b-schools.
How’s MBA accreditation important for employers?
Most employers in India may not care much about such accreditations but outside employers may. For employers, it is an assurance that the candidates they are hiring have received the best business management education, at par with international standard. That such candidates will be equipped with the latest and most relevant skill-sets required for a rewarding career in the rapidly changing business environment.
List of Indian B-Schools accredited by AACSB/AMBA/EQUIS
