XLRI – Xavier School of Management, one of India’s oldest management institutes has earned accreditation for its flagship management and doctoral programs from AACSB International.
This is the second International Accreditation for XLRI after Association of MBAs (AMBA) in 2015.
XLRI has also become one of the few global business schools to have received AACSB accreditation for its doctoral program.
So far, only four Indian management institutes have received AACSB accreditation. These are Indian Institute of Management Calcutta (IIMC), Indian School of Business (ISB), T.A. Pai Management Institute (TAPMI) and Institute of Management Technology (IMT) Ghaziabad.
Founded in 1916, AACSB is the longest-serving global accrediting body for business schools that offer undergraduate, master’s, and doctoral degrees in business and accounting.
With the latest ratification, announced on August 10, 2016, a total of 777 institutions across 52 countries and territories with the addition of Bahrain, have earned AACSB Accreditation in business.
Similarly, 185 institutions maintain an additional specialized AACSB Accreditation for their accounting programs.
“AACSB’s accreditation standards are designed to help schools discover—and deliver on—their differentiated mission, so they can foster meaningful change through engagement, innovation, and impact,” said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International.
“We commend each of the 16 schools for their exemplary work, and thank them for their dedication to academic excellence in business education,” he added.
“AACSB accreditation is a globally recognized standard for the highest quality in business education. Across this multi-year review process, schools must not only meet the initial standards of excellence, but they must demonstrate their ongoing commitment to quality and distinction by participating a continuous improvement review process every five years,” Reid said.
Achieving accreditation is a process of rigorous internal review, engagement with an AACSB assigned mentor, and peer review. During the multi-year process, the school focuses on developing and implementing a plan to align with AACSB’s accreditation standards.
These standards require excellence in areas relating to strategic management and innovation; student, faculty, and staff as active participants; learning and teaching; and academic and professional engagement, AACSB said in a release.
Fr. E. Abraham S.J. Director, XLRI- Xavier School of Management termed it as an important milestone. He said it would “strengthen our foothold and reputation in the global arena and evolve towards becoming a preferred management institute of choice for discerning, future business leaders from India and abroad. ”
“The International Accreditations from AACSB along with AMBA which we had received last year has added twin feathers to XLRI’s cap. A management institute with two coveted international accreditations and the National Board of Accreditation (NBA) accreditation is a rare phenomenon in India,” he added.
“This accreditation will further enhance the credibility of XLRI vis-à-vis the recruiters looking to recruit the top talent, knowing that our graduates have received the highest quality and the most relevant management education,” he said.
Apart from XLRI, 16 other institutes across the world had earned the accreditation.
These are the University of Newcastle (Australia), MCI Management Center Innsbruck (Austria), Nankai University and the University of International Business and Economics (both China), Chang Gung University and Chung Hua University (both Chinese Taipei), ISCTE Business School (Portugal), Kingston University and Nottingham Trent University (United Kingdom), King Saud University (Saudi Arabia), Northeastern Illinois University (United States), Ritsumeikan Asia Pacific University (Japan), Universiti Utara Malaysia (Malaysia), the School of Business, Economics and Law at the University of Gothenburg (Sweden) and the Gordon Institute of Business Science (GIBS) at the University of Pretoria (South Africa).