Indian business schools: Best practices

Leading schools such as the Indian Institutes of Management (IIMs) and the Indian School of Business are identifying best practices to help them benchmark with foreign schools and attract the best students and faculty.

Accreditation, evaluation and grading of programmes, as is the norm with business schools in the West, are a few of the things being considered.

International accreditation help students get their degrees recognised globally, while the business school is successful in securing more foreign partnerships and linkages.

The Indian School of Business (ISB) recently announced its accreditation by the Association to Advance Collegiate Schools of Business (AACSB), an US-based accreditation body.

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.”

Other top Indian b-schools such as the IIM Ahmedabad and IIM Bangalore have received approval from European agency EQUIS. IIM Kozhikode has applied for accreditation from AMBA (Association of MBAs), a UK-based organisation.

According to media reports, even newer business schools such as the Chandigarh-based Aryans Business School have become members of the AACSB.