AACSB rankings - What it means and which B-schools in India have these

AACSB rankings - What it means and which B-schools in India have these

Team Careers360Updated on 04 Nov 2024, 05:13 PM IST

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.

AACSB Rankings - What it Means?

AACSB rankings - What it means and which B-schools in India have these
AACSB rankings - 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 Rankings - The importance of the ranking

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.

Which B Schools in India have these AACSB Ranking

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)

IIM Calcutta

21.92 Lakhs

35.07 LPA

115 LPA

IIM Indore

17.6- 22.12 Lakhs

25.68 LPA

100 LPA

IIM Lucknow

9.8- 26.05 Lakhs

30 LPA

123 LPA

IIM Udaipur

14-22.70 Lakhs

20.09 LPA

46.77 LPA

ISB Hyderabad

28.26- 42.38 Lakhs

34.08 LPA

-

VIT Business Schools

6.97 Lakhs

09. 68 LPA

15 LPA

XLRI, Jamshedpur

14-28.6 Lakhs

29.89 LPA

75 LPA

TAPMI

17.34 Lakhs

13.5 LPA

32.03 LPA

SCMHRD

5.92-21.7 Lakhs

23.71 LPA

35.02 LPA

SBM, NMIMS

6-25.00 Lakhs

26.63 LPA

67.8 LPA

SPJIMR

22.50 Lakhs

33 LPA

81 LPA

Rajagiri Business School, Kochi

7.87 Lakhs

6 LPA

-

MDI Gurgaon

24.99 Lakhs

26.13 LPA

60 LPA

K J SIM

14.14-22.32 Lakhs

12.79 LPA

28.25 LPA

JAGSOM, Bangalore

15.95 Lakhs

13. 30 LPA

43 LPA

IMI Delhi

22 Lakhs

16.71 LPA

70 LPA

IMT, Ghaziabad

21.38 Lakhs

17.35 LPA

62.86 LPA

IIFT. Delhi

17.17-21.77 Lakhs

29.1 LPA

76.5 Lakhs

ICFAU Business School, Hyderabad

17.01 Lakhs

9.71 LPA

21 LPA

BIMTECH

13-14 Lakhs

11.10 LPA

24.43 LPA

Amrita School of Business Coimbatore

10.5-11/ 10 Lakhs

08.33 LPA

24.84 LPA

Great Lakes, Chennai

21 Lakhs

15.1 LPA

37 LPA

Frequently Asked Questions (FAQs)

Q: Which institution is the latest Indian institution to get AACSB accreditation?
A:

The Great Lakes Insititute of Management, Chennai is the latest institution to get AACSB accreditation.

Q: Which institution is the first Indian institution to get AACSB accreditation?
A:

Indian School of Business or ISB, Hyderabad is the first Indian institution to get AACSB ranking/accreditation. 

Q: Is MIT AACSB accredited?
A:

Yes. MIT, Massachusetts Insititute of Technology is AACSB accredited. 

Q: Is Harvard an AACSB?
A:

Yes, Harvard has an AACSB has the AACSB accreditation. 

Q: Does AACSB Accreditation matter for an MBA?
A:

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.

Q: Is IIM AACSB accredited?
A:

Yes. 4 IIM is AACSB accredited. They are IIM Calcutta, IIM Indore, IIM Lucknow, and IIM Udaipur. 

Q: Is AACSB accepted in India?
A:

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.

Q: How many colleges in India are AACSB accredited?
A:

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. 

Articles
|
Upcoming Bschool Exams
Ongoing Dates
VITBEE Application Date

31 Oct'25 - 12 Apr'26 (Online)

Ongoing Dates
B-MAT Application Date

19 Nov'25 - 8 Feb'26 (Online)

Certifications By Top Providers
Online MBA
Via Jaypee Institute of Information Technology, Noida
Corporate Law
Via National Law University, New Delhi
Strategic Management
Via Indian Institute of Management Bangalore
Online BBA
Via Jaypee Institute of Information Technology, Noida
Management of Commercial Banking
Via Indian Institute of Technology Kharagpur
Management of Inventory Systems
Via Indian Institute of Technology Kharagpur
Udemy
 703 courses
Edx
 467 courses
Swayam
 236 courses
Emeritus
 231 courses
Explore Top Universities Across Globe
University of Essex, Colchester
Wivenhoe Park Colchester CO4 3SQ
Oxford Brookes University, Oxford
Headington Campus Oxford OX3 0BP UK
Northumbria University, Newcastle City Campus
Sutherland Building, Northumberland Road, Newcastle-upon-Tyne, NE1 8ST
Cardiff Metropolitan University, Cardiff
Llandaff Campus, Western Avenue, Cardiff, CF5 2YB
University of Reading, Reading
Whiteknights PO Box 217 Reading Berkshire RG6 6AH
Bristol Baptist College, Bristol
The Promenade, Clifton Down, Bristol BS8 3NJ

Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

Hello,

Here are some top colleges accepting XAT and CAT exams :

Top colleges accepting CAT:

  • IIMs (All Indian Institutes of Management)

  • FMS Delhi

  • SPJIMR Mumbai

  • MDI Gurgaon

  • IIT Bombay (SJMSOM)

  • IIT Delhi (DMS)

  • IIFT

  • IMT Ghaziabad

  • JBIMS Mumbai

Top colleges accepting XAT:

  • XLRI Jamshedpur

  • XIMB Bhubaneswar

  • IMT Ghaziabad

  • Great

Hi there,

A female candidate with a CAT percentile of 67.97 and low sectional scores should target private and tier-2/3 B-schools that accept overall CAT scores in the 60–70 percentile range and have flexible sectional criteria.

Some suitable options include AIMS Institute Bangalore, Doon Business School Dehradun, Christ Institute of

Hi there,

Yes, you are eligible for XISS Ranchi with a CAT percentile of 67.60.

According to recent admission trends, the CAT cutoff for the PGDM in Human Resource Management for the general category has been around 60 percentile. For other programs such as Marketing, Finance, and Rural Management, the

Hi there,

Careers360 offers a wide range of eBooks and study materials to assist with CAT preparation. You can access past CAT question papers with solutions to understand the exam pattern and difficulty level. Additionally, there are quantitative aptitude handbooks, cheat sheets, and section-specific practice sets for arithmetic, algebra, and

Hi there,

The minimum eligibility criteria for a general candidate to receive a call from IIM Sambalpur are as follows:
VARC: 65%ile
QUANTS: 65%ile
LRDI: 65%ile
Overall: 90%tile
Keep practising and aim to improve your score. You can also focus on other management exams where you may secure a strong