It’s here and just in time
I
ndian schools should learn from the American debate on the relevance of the accreditation system- A Thothathri Raman, chairman SEAA Trust, New Delhi 

Two publications in a span of one year (Wall Street Journal, 14 October 2015, and New York Times, 20 October 2016) shook the world of accreditation. They literally rejected the nearly-a-century-old system of quality benchmarking widely practised in the world’s best business schools accusing them of connivance and cartelisation to help the colleges and universities accredited by them to qualify for state funding and academic support. wsj’s editorial accused accreditation agencies of forming a cartel among themselves to decide on what should be the definition of quality in mba education. And, New York Times, quoting the high profile Senator Marco Rubio (Republican Party’s Presidential runner-up), saw red in the sudden collapse of two accredited colleges, Corinthian Colleges and itt Technical Institute. It blamed the accreditation agency – Accrediting Council for Independent Colleges and Schools (acics) – the nation’s largest accrediting body for-profit schools which eventually led to the starting of the process of winding up of this agency – the first such decisive action against any agency in a century of accreditation practice.

Accreditation News

TAPMI (TA Pai Institute of Management Manipal)  is the latest and 11th addition to AMBA accredited schools in India. The school was accredited earlier by AACSB being  the second such school to be accredited by the AACSB almost a decade ago. 

EFMD  awarded the first ever  BSIS label  in India to BIMTECH Greater Noida in June 2019.  Launched in 2014, Business School Impact System (BSIS) by EFMD is comprehensive impact assessment tool  under aa framework of 120 indicators covering many dimensions including Financial Impact, Educational Impact, Business Development Impact, Intellectual Impact, Impact within Regional Ecosystem, Societal Impact and Image Impact

AACSB is once again revisitng its accreditaiton standrds  reducing  these further to   Nine from the present 15 but equally improving and expanding he scope of its coverage. The proposed three broad strategic goals and respective standards are given below:  

Strategic Management :

1. Strategic Planning 

2. Physical, Virtual, and Financial Resources

3. Faculty and Professional Staff Resources  .

Learner success   
4. Curriculum 

5. Assurance of Learning 
6. Learner Development
7 Teaching Effectiveness and Impact.

Thought Leadership
8. Impact of Scholarship

9. Engagement that Impacts Business and Society

These standards would be fully operational by 2023 while it would be optional from 2020

 In other news, AACSB had earlier in the year announced that Indian Institute of Management IndoreLahore University of Management Sciences, Texas A&M University–Texarkana,University of Agder, and University of Macau have earned accreditation in business. This latest round of ratifications now brings the total number of AACSB accredited schools to 856 institutions, across 56 countries or territories. 

Two new schools have been accredited by AACSB taking the number of schools accredited by the AACSB to 10. Indian Institute of Management (IIM)  Udaipur, first of the newer IIMs to be accredited by any international agency.   The second B-school is S P Jain Institute of Management & /research  which already has the AMBA accreditation. 

IFIM Bangalore  became the sixth AACSB accredited school India from among the 51 members of the agency in India 

Indian School of Business ISB Hyderabad gets its second international accreditation, this time EFMD-EQUIS 

AACSB changes its logo and website design after a long gap to reflect the new thrust  for expansion worldwide

Rajagiri Centre for Business Studies and SDMIMD joined the ACBSP accredited schools list in November last year. "Getting ACBSP accreditation  is a major milestone in our quality improvement process", says Dr Joseph I. Injodey, Executive Director of  RCBS   

SDMIMD, Mysore becomes the first  EFMD-EPAS accredited school of India adding to its ACBSP accreditation obtained merely  few months ago! "Being a single programme (PGDM) school, the EPAS accreditation fitted like a 'T' for us ", says Dr N R Parasuraman, Director of the school. 

Indian Institute of Management, Calcutta (IIM-C) has become the first triple crowned accredited school of the country with AACSB, AMBA and EFMD accreditation (more) 

AMBA, London changes it logo  once again as launches its celebration  marking half  a century of existence. 

XLRI Jamshedpur   gets twin International Accreditation with  AACSB International  and AMBA respectively according their accreditation recognition 

Indian Institute of Management Indore gets AACSB accreditation in February 2019 and last year it got the  AMBA Accreditation . 

Institute of Management & Technology IMT Ghaziabad  has become 4th AACSB  accredited school in India

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