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

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    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.

    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.

    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 aspirant,

    The Amity Foundation founded the private institution known as Amity institution, Greater Noida. The institution offers courses leading to diplomas as well as undergraduate, graduate, and doctorate degrees in fields like journalism, engineering, general management, business administration, commerce, and information technology. Courses at Amity University, Greater Noida are admitted on an entrance basis, with a personal interview coming after. Amity University, Greater Noida has received a "A+" accreditation from the National Assessment and Accreditation Council (NAAC) and is recognized by the University Grants Commission (UGC).

    To know the fee structure of MBA course, please visit the following link:

    https://www.careers360.com/colleges/amity-university-greater-noida-campus

    Thank you

    Hope it helps you.

    In LPU the admissions for 2024-25 is started already so you can register for admissions 2024-25.

    Hello aspirant,

    Indeed, you can pursue an MBA following any undergraduate degree. As a result, you don't need to be concerned. In order to enroll in an MBA program, you must apply and take the national CAT exam. The MBA places at different universities will be distributed according to your CAT scores. If you have already applied for CAT, great. If not, I regret to inform you that the registration process was ended last month.

    Thank you

    Hope it helps you.

    Lovely Professional University is best university for MBA. They gave great placement and business opportunities to the students there is 100% placements in the university. And help the students in their business ideas I am a student of LPU and LPU is helping me grow as a person and career wise also, they are making me a better person as a whole. So, the fees for MBA program is 190000 per semester but there is scholarship on the basis of entrance test that is Lpunest , national level exams like CAT, MAT, XAT., financial aid like need basis, defence basis and many more. If you still think that fees is little to high then there is a facility of student loan facility and you can do part time job side by side to recover the amount and to helping your parents. There is tie up programmes are there in MBA like MBA in financial markets tie-up with NSE, MBA in supply chain and logistic in tie up with safeguard and three specific specialisation courses MBA in hospital and healthcare management, international business and tourism and hospitality. There is plenty of placement are there for management students and they have so many options are there to work in like banking, insurance, taxes, law and so on and if I talk about the salary packages the highest salary package in 21lacs average salary package is 6.37lacs.

    Maths is not compulsory in 12th for an MBA. It matters only graduation percentage.

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    Resource Links for Online MBA 

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    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

    3 Jobs Available
    Quality Controller

    A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

    A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

    3 Jobs Available
    Production Engineer

    A career as Production Engineer is crucial in the manufacturing industry. He or she ensures the functionality of production equipment and machinery to improve productivity and minimize production costs in order to drive revenues and increase profitability. 

    2 Jobs Available
    Automation Test Engineer

    An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

    2 Jobs Available
    Product Designer

    Individuals who opt for a career as product designers are responsible for designing the components and overall product concerning its shape, size, and material used in manufacturing. They are responsible for the aesthetic appearance of the product. A product designer uses his or her creative skills to give a product its final outlook and ensures the functionality of the design. 

    Students can opt for various product design degrees such as B.Des and M.Des to become product designers. Industrial product designer prepares 3D models of designs for approval and discusses them with clients and other colleagues. Individuals who opt for a career as a product designer estimate the total cost involved in designing.

    2 Jobs Available
    R&D Personnel

    A career as R&D Personnel requires researching, planning, and implementing new programs and protocols into their organization and overseeing new products’ development. He or she uses his or her creative abilities to improve the existing products as per the requirements of the target market.

    2 Jobs Available
    Commercial Manager

    A Commercial Manager negotiates, advises and secures information about pricing for commercial contracts. He or she is responsible for developing financial plans in order to maximise the business's profitability.

    2 Jobs Available
    ITSM Manager

    ITSM Manager is a professional responsible for heading the ITSM (Information Technology Service Management) or (Information Technology Infrastructure Library) processes. He or she ensures that operation management provides appropriate resource levels for problem resolutions. The ITSM Manager oversees the level of prioritisation for the problems, critical incidents, planned as well as proactive tasks. 

    3 Jobs Available
    Information Security Manager

    Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

    3 Jobs Available
    Computer Programmer

    Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

    3 Jobs Available
    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

    3 Jobs Available
    IT Consultant

    An IT Consultant is a professional who is also known as a technology consultant. He or she is required to provide consultation to industrial and commercial clients to resolve business and IT problems and acquire optimum growth. An IT consultant can find work by signing up with an IT consultancy firm, or he or she can work on their own as independent contractors and select the projects he or she wants to work on.

    2 Jobs Available
    Data Architect

    A Data Architect role involves formulating the organisational data strategy. It involves data quality, flow of data within the organisation and security of data. The vision of Data Architect provides support to convert business requirements into technical requirements. 

    2 Jobs Available
    Security Engineer

    The Security Engineer is responsible for overseeing and controlling the various aspects of a company's computer security. Individuals in the security engineer jobs include developing and implementing policies and procedures to protect the data and information of the organisation. In this article, we will discuss the security engineer job description, security engineer skills, security engineer course, and security engineer career path.

    2 Jobs Available
    UX Architect

    A UX Architect is someone who influences the design processes and its outcomes. He or she possesses a solid understanding of user research, information architecture, interaction design and content strategy. 

     

    2 Jobs Available
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