Two programmes of the Indian Institute of Management Calcutta (IIM-C) — its flagship two-year PGP (MBM) programme and the one-year executive PGPEX (MBA) programme has been accredited by the Association of MBAs (AMBA). The accredited status for both its programmes has been granted for a period of five years, said a press statement issued by IIMC.
Getting international accreditation helps management institutes attract foreign students. And apart from bringing in diversity in gender and academic background, premier Indian B-schools have been recently focusing on diversity in culture by looking to attract foreign nationals.Global Standard
Currently foreign students come to Indian B-schools on exchange programmes for a maximum duration of one or two semesters. In an earlier interaction with this reporter, Anindya Sen, Dean, Academic of IIM-C, had said the institute has approached AMBA and US-based Association to Advance Collegiate Schools of Business for accreditations.
The institute had nearly 80 foreign students coming to its campus as a part of the global exchange programme this year. Getting international accreditation would help in attracting foreign students to the IIM-C campus for its flagship programmes, he had said. The accreditation service of UK-based AMBA, which was created in 1967, is the global standard for all MBA, DBA and MBM programmes. They accredit programmes at over 200 business schools in more than 70 different countries.
“AMBA accredits just 1 per cent of the world’s MBA business schools and IIM Calcutta’s initial 5-year accreditation reflects the quality of their MBA programmes, faculty and students,” AMBA’s Chief Executive, Andrew Main Wilson, said.
This puts IIM-C in the league of globally reputed business schools including ESCP Europe Business School, Ashridge Business School (the UK ), Reims Management School (France), Mannheim Business School (Germany) and the Imperial College Business School (the UK) among others.
“We are indeed happy to receive this recognition. It reaffirms our commitment to academic excellence, and marks a significant step towards our journey to be regarded as a global leader in management education” Professor Saibal Chattopadhyay, Director of IIM-C, said.