First South Asian entity to receive the prestigious accreditation
The Indian School of Business (ISB) has been accredited by
the Advance Collegiate Schools of Business (AACSB), becoming the first South Asian
entity to receive the prestigious accreditation.
US-headquartered AACSB, one of the oldest serving accrediting body for business
schools, has conferred the accreditation on ISB after about four years of rigorous
review. "We are very proud to get the accreditation, which will help us to attract
more international students, faculties and recruiters, among others," ISB Dean Ajit
Rangnekar told PTI. "AACSB has various standards for assessing business schools
before giving the accreditation, which will be reviewed every five years," he noted.
South Asia refers to India, Pakistan, Sri Lanka, Nepal, Bangladesh, Bhutan, Maldives
and Afghanistan. According to him, each year ISB would carry out self evaluation
to ensure that high standards are adhered to and this report would be submitted
to AACSB. Hyderabad-based ISB in a statement said that AACSB accreditation has been
earned by "less than five per cent of the world's business schools".
"The AACSB accreditation is yet another feather in the cap of ISB... The fact that
this external endorsement of the school's quality has come on its tenth anniversary,
makes it even more eventful," ISB Chairman Adi Godrej said. A premier business school
in the country, ISB is all set to start its second campus in Mohali in April 2012.
Courtesy: Economics Times
