Know International MBA Accreditations: AACSB, AMBA, EQUIS, ACBSP, IACBE

Know International MBA Accreditations: AACSB, AMBA, EQUIS, ACBSP, IACBE

Edited By Prabha Dhavala | Updated on Feb 20, 2023 11:42 AM IST | #MBA

International MBA Accreditations like AACSB, AMBA, EQUIS, ACBSP, IACBE are much touted in the media when it comes to BSchools and management education. However, what are these international accreditations namely AACSB, AMBA, EQUIS, ACBSP, IACB and what do they add to any institute that offers management courses? This is one question that comes to mind when it comes to checking business schools and selecting one. In this article we check out the various accreditations like AACSB, AMBA, EQUIS, ACBSP, IACB and their importance.

Know International MBA Accreditations: AACSB, AMBA, EQUIS, ACBSP, IACBE
Know International MBA Accreditations: AACSB, AMBA, EQUIS, ACBSP, IACBE

Before starting to understand these accreditations, it's imperative to understand what accreditation actually means, the role it plays in ascertaining the quality of education at any institute and its importance for any MBA aspirant.

MBA Accreditation - Meaning, Types

The dictionary meaning of accreditation holds true in this case. Accreditation means the action or process of officially recognizing something as being qualified to perform a particular activity. In the case of MBA accreditation, this translates to the course and by extension the institute being rated as a quality one with value in the industry.

What are the types of MBA accreditation?

MBA aspirants must look for both national and international accreditations. This is because national accreditations take the domestic factors into consideration while international MBA accreditations allow for global recognition.

Types of International MBA Accreditation

Some of the popular MBA accreditations cited by business schools across the globe are AACSB, AMBA, EQUIS, ACBSP, IACBE. Each accreditation is looked at in detail in the section below.

  • AACSB: A global nonprofit association located in the USA, Netherlands and Singapore, AACSB accreditation indicates a business school’s commitment to four major factors - strategic management, learner success, thought leadership, and societal impact. To achieve AACSB accreditation for MBA, business schools undergo a rigorous process. Performance in critical areas, such as teaching, research, curricula development, and student learning is measured. More than 950 plus schools across the world have been accredited.
    The main advantage with choosing an institute with AACSB accreditation is that it is recognized worldwide by employers and universities. Therefore studying in an AACSB accredited institute would allow more access to top recruiters, vie for competitive salaries. Such institutes also attract excellent faculty hence the quality of education provided would be the best.
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BSchools in India with AACSB Accreditation


  • AMBA: Another recognised international MBA accreditation is from the Association of MBAs (AMBA). More than 260 business schools across 75 countries are part of the accredited institute list of AMBA for their MBA, DBA and Master’s Degree programmes. Programmes need to reflect the prescribed standards in teaching, learning and curriculum design, career development and employability, student, alumni and employer interaction to achieve accreditation from AMBA.
    A major advantage of the AMBA accreditation is that business schools are recognised at the international level.
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Institute having AMBA Accreditation

Goa Institute of Management

IIM Rohtak

Great Lakes Institute of Management, Chennai (and Gurgaon)

Indian School of Business

IMI New Delhi (and Bhubaneswar)

MDI Management Development Institute

Indian Institute of Management Calcutta

NMIMS School of Business Management

Indian Institute of Management Indore

S.P. Jain Institute of Management & Research

Indian Institute of Management Kozhikode

T. A. Pai Management Institute

Indian Institute of Management Lucknow

XLRI Xavier School of Management

Indian Institute of Management Tiruchirappalli

-


  • EQUIS: This is a comprehensive review system developed by the EQUIS Accreditation Board. The review process looks at a conceptual framework of quality criteria. An international committee evaluates each component of the framework as per the standards set up in place. EQUIS is internationally acknowledged and is often a prerequisite for entry to rankings. The assessment standards are set up such that schools can improvise on their strategies for curriculum development and design, research. EQUIS accreditation opens the doors to a vibrant community where mutual learning is encouraged amongst different systems of higher education.
    Factors that form part of EQUIS accreditation include MBA programmes, students and faculty, R&D pursued by a business school, Executive Education provided, resources and administration, Ethics, Responsibility and Sustainability, Internationalisation and connections.
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Institutes having EQUIS Accreditation:

IIM Ahmedabad

IIM Bangalore

IIM Calcutta

IIM Indore

Indian School of Business

IIM Kozhikode


  • ACBSP: One of the popular international MBA accreditation is by the Accreditation Council for Business Schools and Programs. Also known as ACBSP the accreditation process is modelled on the Baldrige model. The MBA accreditation process focuses on recognizing excellence in teaching, student learning outcome determination with a continuous improvement model. The learning approach with a focus on student-centered teaching is measured to ensure that students gain the right sets of skills.

Institutes having ACBSP Accreditation


  • IACBE: Recognized by the Council for Higher Education Accreditation (CHEA), IACBE is an accrediting organization that accredits business, accounting, and business-related degree programs (associate, bachelor’s, master’s, and doctoral levels) in institutions of higher education across the globe. Some significant benefits of IACBE accreditation include external quality assurance, sharing of best practices and public accountability.

Importance of MBA accreditation

While most students don't bother with understanding accreditation and its uses, it is imperative to always pick an institution that has accreditation. International MBA accreditation is a vital factor that should always be considered by students while choosing an institute. The reason being that accredited institutes have to maintain quality in various aspects like the curriculum, practices, employ good faculty, inculcate research to name a few. Moreover, international MBA accreditation also allows for a global presence/ recognition. All these combine to give a wholesome institute that makes the MBA worthwhile.

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Questions related to MBA

Have a question related to MBA ?

Hello Harsh,

your plan is well structured for becoming an investment banker. focus on excelling in B.Com (//B.Com) (Hons) clearing CFA levels, and getting into a top MBA program for better career opportunities. also, gain relevant inernships and networking experience to strengthen your profile.

if you want more information then drop the question.

Greetings! Here's a detailed response to your query

While considering the best MBA colleges in Bhubaneshwar here is a detail and the type of MBA courses they provide :-

1. XIM University, Bhubaneswar provides a flagship MBA in Business Management, alongside specialized MBA programs tailored to specific career paths. These include Human Resource Management, Rural Management, and Sustainability Management. The university is known for its rigorous academic standards and robust industry connections.

2.KIIT School of Management (KSOM) is a well-regarded business school located in Bhubaneswar, Odisha, India. KSOM offers a range of programs, including:

Master of Business Administration (MBA)

Bachelor of Business Administration (BBA)

Doctoral programs in Management (PhD)

It also offers specialised MBA programs.

3.The International Management Institute (IMI) Bhubaneswar is a prominent business school located in the capital of Odisha.

Primarily offers the Post Graduate Diploma in Management (PGDM).

Also offers other programs like Fellow Program in Management.

4.Siksha 'O' Anusandhan (SOA) University:

Offers MBA programs with specializations in:

General Management

Hospital Management

Hospitality Management


Hope this helps!!!



Yes, you can pursue an LLB separately after completing your MBA, as the LLB course is open to graduates from any field.

Eligibility:

To pursue an LLB, you need to have completed a graduation degree in any field, which you have already done with your MBA.

Course Duration:

The LLB course is a three-year program.

Admission Process:

Admission to LLB courses can vary depending on the university, with some requiring entrance exams and others having specific minimum percentage requirements in your graduation.

State-Level Entrance Exams:

Some states also conduct common entrance exams for admission to LLB courses.

Career Paths:

An LLB degree can open up various career paths, including practicing law, working in legal departments of businesses, or pursuing further studies like an LLM.

MBA and LLB Combination:

Having both an MBA and an LLB can be beneficial, especially for careers in areas like corporate law, mergers and acquisitions, and business law.

Yes, you can pursue LLB separately after completing your MBA. Here’s how:

Available at law colleges like Delhi University, Government Law College (GLC) Mumbai, and Bangalore University. Admission is usually through entrance exams like DU LLB, MH CET Law, or LSAT India.

Hello! I'm excited to help you learn more about this topic. Here's a comprehensive response..

An MBA is like a special school that teaches you all the management related stuff like how to handle money, plan strategies, and make good choices and builds organizational and management skills. It's like getting a super-powered set of skills to understand how businesses work and become a great manager. This degree can help you get better jobs and achieve your career goals in the business world and create or build innovative business ideas of your own.

There are different types of MBA programs

  • Two year full time program
  • One year full time program
  • Part time
  • Specialized
  • Executive
  • Online
  • International

If you're thinking about getting an MBA in India, you'll need to take an entrance exam. There are quite a few options, like CAT, XAT, NMAT, MAT, CMAT, SNAP, and GMAT. Each of these tests is a bit different in terms of how hard it is and what it focuses on. The best exam for you will depend on the kind of MBA program and the specific colleges you're interested in  an entrance exam.

Getting an MBA in India can cost anywhere from Rs.2 lakhs to more than Rs.30 lakhs. The price depends on the school and the specific program you choose for the standard two-year, full-time course. So, you'll find a wide range of options to fit different budgets.

Some of the career paths include:-Management Consulting, Entrepreneurship, Marketing Management , Financial Management etc.

For further queries in any specific region you can always upload a question on Careers360.

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