Education in India :- Indian School of Business gets global recognition

NEW DELHI: The Indian School of Business (ISB) announced its accreditation by the Association to Advance Collegiate Schools of Business (AACSB), making it the first B-school in South Asia to be recognised by this global body on Monday. 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 5 per cent of the world's B-schools.



Ajit Rangnekar, dean, Indian School of Business said: "We are delighted to have received the 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.


Adi Godrej, chairman, Indian School of Business said: "The AACSB Accreditation is yet another feather in the cap of ISB, adding to its track record of success and growth. The fact that this external endorsement of the school's quality has come on its 10th anniversary, makes it even more eventful."


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.