AACSB stands for the Association of Advance Collegiate Schools of Business which is a professional and accreditation organization, operating from the USA. It was primarily called the American Assemble of the Collegiate Schools of Business when it was formed in 1916 and from the beginning, the intention or the goal was to provide accreditation to the business schools. AACSB is one of the accreditors of the triple accreditation. AACSB provides services to over 1900 member organizations and more than 1000 accredited business schools worldwide. Read this article to learn about the AASCB Ranking, what it means, and which B Schools in India have these.
Being a career-oriented course that can change the life of an applicant in the coming days, because of the hefty money the courts can procure, students are ready to invest in the MBA course, even if they have to take a loan. Apart from the monetary investment the student would invest their time and effort in the course for another 2 years. However, one might feel that all this money and efforts are in vain if they have not taken or at least applied for the right B-School, that is best suited for them. AACSB ranking ensures that the students get a perfect return on the investment they have made in the courses. The AACSB ranking and accreditation make sure that the schools that are in the ranking, pass through the rigorous quality standards. AACSB ranking means the B-School has done well, can grant degrees in their own country, and has the appropriate local and regional institutional accreditation.
AACSB ranking and accreditation help the applicant decide the best B-School for their future.
Attending an AACSB-ranked business school may benefit you both during and after your studies. Here is the importance of the AACSB Ranking listed below.
Attending an AACSB-ranked or accredited business school can improve your career prospects and ensure you receive the highest quality teaching. \
The AACSB ranking serves as a quality standard so you can be assured that the business school’s programs are of the highest quality.
The good quality of education is provided by the best faculty who are respected for being experts across disciplines of MBA.
The AACSB accreditation means that the school’s degrees will be highly regarded by graduate employers and other universities.
This will give students who have studied an AACSB-ranked program, they have a competitive edge for a successful career and will receive better opportunities for graduate education.
In the future career, while all companies or organizations might not check if the MBA program is done from the AACSB-ranked or accredited schools, recruiters might prefer the ranked B-Schol when selecting for the managerial rank.
There are 22 B-Schools in India including 4 IIMs that have the AACSB Ranking and Accreditation. ISB, Hyderabad is the first B-School from India to get the AACSB Ranking while Great Lakes, Chennai is the latest inclusion in this list.
B-Schools in India | Course Fees ( in INR) | Average CTC (in INR) | Highest CTC (in INR) |
21.92 Lakhs | 35.07 LPA | 115 LPA | |
17.6- 22.12 Lakhs | 25.68 LPA | 100 LPA | |
9.8- 26.05 Lakhs | 30 LPA | 123 LPA | |
14-22.70 Lakhs | 20.09 LPA | 46.77 LPA | |
28.26- 42.38 Lakhs | 34.08 LPA | - | |
6.97 Lakhs | 09. 68 LPA | 15 LPA | |
14-28.6 Lakhs | 29.89 LPA | 75 LPA | |
17.34 Lakhs | 13.5 LPA | 32.03 LPA | |
5.92-21.7 Lakhs | 23.71 LPA | 35.02 LPA | |
6-25.00 Lakhs | 26.63 LPA | 67.8 LPA | |
22.50 Lakhs | 33 LPA | 81 LPA | |
7.87 Lakhs | 6 LPA | - | |
24.99 Lakhs | 26.13 LPA | 60 LPA | |
14.14-22.32 Lakhs | 12.79 LPA | 28.25 LPA | |
15.95 Lakhs | 13. 30 LPA | 43 LPA | |
22 Lakhs | 16.71 LPA | 70 LPA | |
21.38 Lakhs | 17.35 LPA | 62.86 LPA | |
17.17-21.77 Lakhs | 29.1 LPA | 76.5 Lakhs | |
17.01 Lakhs | 9.71 LPA | 21 LPA | |
13-14 Lakhs | 11.10 LPA | 24.43 LPA | |
10.5-11/ 10 Lakhs | 08.33 LPA | 24.84 LPA | |
21 Lakhs | 15.1 LPA | 37 LPA |
Frequently Asked Questions (FAQs)
The Great Lakes Insititute of Management, Chennai is the latest institution to get AACSB accreditation.
Indian School of Business or ISB, Hyderabad is the first Indian institution to get AACSB ranking/accreditation.
Yes. MIT, Massachusetts Insititute of Technology is AACSB accredited.
Yes, Harvard has an AACSB has the AACSB accreditation.
There is no hard and fast rule that AACSB accreditation is mandatory for MBA. However, due to its popularity, the AACSB-accredited schools are highly regarded not only in India but also in the international job market. The AACSB-accredited schools must pass very rigorous quality standards. They have been proven to provide the best in business education worldwide.
Yes. 4 IIM is AACSB accredited. They are IIM Calcutta, IIM Indore, IIM Lucknow, and IIM Udaipur.
Yes. Being a well-reputed accreditation and ranking organization, AACSB is not only highly regarded in India but there are 22 B-Schools, that have the AACSB accreditation.
In India, 22 B-schools including IIMs are AACSB accredited. ISM, Hyderabad is the first business school to have the AACSB accreditation, while the Great Lakes became the latest school from India to attain the much acclaimed AACSB accreditation.
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