Why Do Business School Accreditations Matter?
International accreditations are a representation of excellence that is acknowledged across the world by students, educators, and employers. They are a voluntary, non-governmental process that certifies higher education colleges and institutes on criteria that impacts learning outcomes, scholarship, practice and makes an impact. Primarily, the process includes a review of a school’s ability to provide high quality program learning outcomes aligned to the school’s mission, faculty qualification and sufficiency, the curriculum etc. Once an institute earns an accreditation, it must continuously meet the requirements because they are reevaluated at regular intervals. This is done to ensure that a virtuous cycle of continuous agreement is created.
For a business school, accreditations are extremely important since they indicate to prospective students and recruiters that the teaching pedagogy followed is current and relevant to practice.
There are two types of accreditations that b-schools have access to:
- Institutional accreditation:
This is an overall review of the institute and is traditionally done by a country’s national or regional accrediting body. These agencies look into entire university as a whole. Based on where an institution is located, it must have approval from national accrediting agencies before they can legitimately grant degrees. In most cases, the schools with these accreditations are reviewed at regular intervals.
- Specialized accreditation:
Once institutes gain an institutional accreditation, they can go on to seek professional or specialized accreditations. These are done by non-governmental peer centric self-regulating professional bodies that are highly acclaimed in that field of study. These types of accreditations communicate to students and recruiters that this individual school’s program has undergone rigorous review. These accreditations are an excellent way for students to judge if the school will deliver us the promise of the learning outcomes as promised including practice relevance and faculty sufficiency.
While there are multiple specialized or professional accreditations that institutes can gain, the AACSB accreditation is one of the longest standing and most recognized international accreditation an institute in the business discipline can aspire for.
Less than 5% of the world’s business programs have earned the AACSB accreditation – IFIM Business School is one of these few. This accreditation demonstrates that IFIM graduates are professionals who meet the expectations of the recruiters.
The AACSB accreditation indicates that business school graduates learn from the best in class faculty, adequate support in terms of infrastructure, and are industry ready. In other words, AACSB accredited schools are among the select few top end business schools in the world.
Why Should Students Consider Business Schools With The AACSB Accreditation?
Going to a business school is a significant investment, and it’s imperative that every student gains an adequate return on their investment. By choosing an AACSB accredited business school, students can be certain that they are making the right choice. These schools are recognized by top recruiters, and their graduates are offered more competitive salaries. Moreover, many of the top international organizations only recruit graduates from AACSB accredited schools only.
Graduates of AACSB accredited schools are assured that their education meets the industry requirements in terms of skills, knowledge, and ability to apply. Graduates will also have broader career options both nationally and internationally since the degree becomes internationally recognized. An AACSB accredited school also have access to more exceptional global networking and research opportunities. All these factors together ensure that graduates gain a distinct advantage in their career.
At IFIM Business School, students are exposed to multiple opportunities that hone them for the future. With partnership with top global schools like Darden, McCombs, ESCP London etc. Graduates at IFIM Business Schools are future ready and aligned to the needs of Industry 4.0. Spending 2 years studying management at IFIM will ensure that students gain high quality education that trains them to be successful business professionals with an understanding of the emerging business landscape.