By far the largest and most significant accreditation agencies for MBA programs and business
schools are the three international bodies: the Association to Advance Collegiate Schools of Business
(AACSB), EFMD’s European Quality Improvement System (EQUIS), and the Association of MBAs
Of the three bodies mentioned, two accredit entire business schools – AACSB and EQUIS – while AMBA accredits individual programs.
Many of the top business schools have earned accreditation from all three bodies, which in turn makes them very attractive institutions for employers seeking the most talented of graduates; highly skilled faculty seeking to continue nurturing the world’s next business leaders; and MBA applicants looking to ensure they are taught at one of the world’s top business schools.
“Applicants should be able to differentiate between national accreditations, usually validating sufficient quality, and international accreditations, often much more demanding,” says Professor Julio Urgel, deputy director general of operations and quality at EFMD.
AACSB International—The Association to Advance Collegiate Schools of Business (AACSB) connects educators, students, and business to achieve a common goal: to create the next generation of great leaders.
Synonymous with the highest standards of excellence since 1916, AACSB provides quality assurance, business education intelligence, and professional development services to over 1,600 member organizations and nearly 800 accredited business schools worldwide.
When educational, professional, and business organizations become members of the AACSB Business Education Alliance, they are part of a movement united to improve the quality of business education around the world. AACSB connects, shares, and inspires innovation and quality throughout the member network, as well as the business community. The collective strength of the organization is founded on diverse perspectives, a global mindset, and a commitment to making a difference.
With its global headquarters in Tampa, Florida, USA; Europe, Middle East, and Africa headquarters in Amsterdam, the Netherlands; and Asia Pacific headquarters in Singapore, AACSB’s mission is to foster engagement, accelerate innovation, and amplify impact in business education.
AACSB Accredit Business-Schools
1. Indian Institute of Management Calcutta
2. Indian School of Business Hyderabad
3. IMT Ghaziabad
4. T. A. Pai Management Institute
5. XLRI Jamshedpur
6. IFIM Banglore
EQUIS accreditation is the most comprehensive institutional accreditation system for business and management schools. It is acknowledged worldwide by potential students, faculty, employers, corporate clients and the media, often being a pre-requisite for entry to rankings.
EQUIS covers all the activities of business school, including degree and non-degree programmes, knowledge generation and contribution to the community.
EQUIS accreditation ensures a rigorous quality control, benchmarking business school against international standards in terms of governance, programmes, students, faculty, research, internationalisation, ethics, responsibility and sustainability, as well as engagement with the world of practice.
EQUIS Accredit Business-Schools
1. Indian Institute of Management Ahmadabad
2. Indian Institute of Management Bangalore
3. Indian Institute of Management Calcutta
4. Indian School of Business, Hyedrabad
The Association of MBAs (AMBA) is a global organisation founded in 1967 which focuses primarily on international business school accreditation and membership.
Based in London, AMBA is one of the three main global accreditation bodies in business education and styles itself as the world's impartial authority on postgraduate management education. It differs from AACSB in the US and EQUIS in Brussels as it accredits a school's portfolio of postgraduate management programmes but does not accredit undergraduate programmes. AMBA accredits approximately 2% of the world's business schools, and is the most international of the three organisations having accredited schools headquartered in 54 countries, compared with the 52 for AACSBand 38 for EQUIS.
AMBA Accredit Business-Schools
1. Great Institute of Management, Chennai
2. IMI New Delhi
3. Indian Institute of Management Calcutta
4. Indian Institute of Management Indore
5. Indian Institute of Management Kozhikode
6. Indian Institute of Management Lucknow
7. MDI Management Development Institute
8. NMIMS School of Business Management
9. SP Jain Institute of Management & Research
10. XLRI Xavier School of Management
11. NMIMS School of Business Management, Bangalore Campus
12. Great Lakes Institute of Management, Gurgaon Campus
13. NMIMS School of Business Management, Hyderabad
14. T. A. Pai Management Institute
The National Board of Accreditation (NBA), India was initially established by AICTE (All India Council of Technical Education) under section 10(u) of AICTE act, in the year 1994, for periodic evaluations of technical institutions & programmes basis according to specified norms and standards as recommended by AICTE council.
NBA in its present form came into existence as an autonomous body with effect from 7th January 2010, with the objective of Assurance of Quality and Relevance of Education, especially of the programmes in professional and technical disciplines, i.e., Engineering and Technology, Management, Architecture, Pharmacy and Hospitality, through the mechanism of accreditation of programs offered by technical institutions.
NBA has introduced a new process, parameters and criteria for accreditation. These are in line with the best international practices and oriented to assess the outcomes of the programme.
Association of Indian Universities in the nodal agency for granting academic equivalence to the degrees awarded by the accredited foreign universities / Institutions for purpose of admission to higher courses. Over the years, the flow of foreign students joining Indian Universities has increased considerably which has necessitated us to bring out the revised edition.
It contains the details of equivalence accorded to foreign qualification by the Association of Indian Universities and universities in the country and also the mechanism for granting equivalence to foreign qualifications.
Assessment and Accreditation is broadly used for understanding the “Quality Status” of an institution. In the context of Higher Education, the accreditation status indicates that the particular Higher Educational Institutions (HEI) – a College, a University, or any other recognised Unit therein, meets the standards of quality as set by the
Accreditation Agency, in terms of its performance, related to the educational processes and outcomes, covering the curriculum, teaching-learning, evaluation, faculty, research, infrastructure, learning resources, organisation, governance, financial well being and student services.