The festive season 2023 has brought in great news for Indian management education. One of Indian B-schools Great Lakes Institute of Management, Chennai has earned the prestigious AACSB International Accreditation. The AACSB accreditation places Great Lakes in an elite league of leading educational institutions globally. With these accreditations, the total number of Indian B-schools with AACSB Accreditation has gone up to 22. AACSB Accreditation provides a framework of international standards on which B-Schools assess the quality of their education.
The new accreditation has recently been announced by AACSB International. Sharing the news with MBAUniverse.com, Prof. Suresh Ramanathan, Dean, Great Lakes Institute of Management, said, “The AACSB accreditation further reinforces our commitment to achieving world-class standards of scholarship and pedagogy with the aim of having a lasting impact on business as well as society."
Earlier, BIMTECH Greater Noida, Rajagiri Business School Cochin, K J Somaiya Institute of Management Mumbai and IMI New Delhi were amongst the few global B-schools that had earned the AACSB Accreditation. Now there are four IIMs with AACSB Accreditation and the total number of Indian B-schools with AACSB Accreditation has gone up to 22 from 21 earlier. A total of 950+ institutions across 59 countries and territories have earned AACSB accreditation in business.
Founded in 2004, by Padma Shri Awardee Dr. Bala V Balachandran, Great Lakes Institute of Management, Chennai is one of the premier B-schools in India. Within a short span of 19 years Great Lakes has emerged as a top-ranked business school. Great Lakes offers One Year full-time MBA (PGPM) for experienced professionals, Two-year MBA (PGDM), Part-Time Executive MBA for senior managers, and Weekend Executive MBA Program. Great Lakes alumni currently numbering 13,000+, work at world-renowned organizations both in India and overseas across 30+ nations. Great Lakes has 50+ full-time faculty and 150+ visiting faculty including over 25+ international faculty from top global schools like Yale, Kellogg, Stanford, and Harvard. Further collaborations with the world’s leading institutions like Cornell University, The University of Chicago Booth School of Business, University of Bordeaux, SKEMA Business, Frankfurt School of Finance and Management.
List of AACSB Accredited B-Schools in India - MBAUniverse.com
With the award of Accreditation to Great Lakes Institute of Management, Chennai, B-schools with AACSB accreditations in India are:
- Amrita School of Business (ASB) Coimbatore
- BIMTECH Greater Noida
- Great Lakes Institute of Management, Chennai
- ICFAI (IBS) Hyderabad
- IIM Calcutta
- IIM Indore
- IIM Lucknow
- IIM Udaipur
- IMT Ghaziabad
- Indian Institute of Foreign Trade (IIFT)
- International Management Institute (IMI) New Delhi
- ISB Hyderabad
- JAGSoM Bangalore
- K J Somaiya Institute of Management Mumbai.
- Management Development Institute (MDI) Gurgaon
- Rajagiri Business School Cochin
- School of Business Management at NMIMS Mumbai
- SCMHRD Pune
- SPJIMR Mumbai
- TAPMI Manipal
- VIT Business School Vellore
- XLRI Jamshedpur
(List in alphabetic order)
AACSB accreditation is awarded to the institute for its demonstrated focus on quality in teaching, research, curriculum development, and student learning. The Accreditation has been earned by only 5 percent of the world's schools offering business degrees at the bachelor level or higher. AACSB Accreditation provides a framework of 15 international standards against which business schools around the world assess the quality of their educational services. These standards ensure continuous improvement and provide focus for schools to deliver on their mission, innovate, and drive impact. Founded in 1916, AACSB is the longest-serving global accrediting body for business 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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