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    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. 

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