Regal Recognition

Updated on: Wednesday, December 07, 2011

The Indian School of Business (ISB) recently announced its accreditation by the Association to Advance Collegiate Schools of Business (AACSB), making it the first business school in South Asia to be recognised by this premier global body.

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 five per cent of the world's business schools.

Commenting on this momentous occasion, 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.”

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.

Expressing happiness over the development, Adi Godrej, chairman, Indian School of Business said, “The AACSB Accreditation is yet another feather on the cap of ISB, adding to its spectacular track record of success and growth. The fact that this external endorsement of the school’s quality has come on its tenth anniversary, makes it even more eventful.”

Regal Recognition

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