IIM Calcutta Acquires EQUIS Accreditation

By 121 News

Chandigarh 27^th April:- Indian Institute of Management Calcutta is happy to announce that it has been awarded the EFMD Quality Improvement System (EQUIS) Accreditation by EFMD, the globally recognized international organization for management development, with over800 members from academia, business, public service and consultancy in 81 countries. The EQUIS Accreditation Board voted to confer EQUIS Accreditation on IIM Calcutta on April 12, 2016.

IIM Calcutta has already been accredited by the Association to Advance Collegiate Schools of Business (AACSB) and the Association of MBA's (AMBA) in 2014. With EQUIS accreditation, IIM Calcutta becomes the first Indian business school to achieve the 'Triple Crown' in accreditation, i.e. accredited by all the three major accreditation agencies in the world for management education. Only 5 other business schools in Asia and 73 business schools around the world are currently 'Triple accredited'.

Professor Saibal Chattopadhyay, Director, IIM Calcutta said that this is a significant achievement for us. Each of the three accrediting agencies insists that accredited schools meet stringent quality requirements in various parameters of management education. A 'Triple Crown' signifies that the Institute meets very high quality standards, be it in the area of institutional strategy, assurance of learning, research impact, or producing competent and ethical managers for the corporates as a few examples. This is where the strength of Triple Crown Accreditation lies – it is not surprising that very few institutes in the world are accredited by all three.

AACSB, The Association to Advance Collegiate Schools of Business is based in Tampa, Florida in the United States; AMBA, The Association of MBAs, is based in London, United Kingdom; and EFMD which awards EQUIS Accreditation is based in Brussels, Belgium.

IIM Calcutta is also the only member in India of CEMS, which is an elite club of 30 premier business schools from across the world which offers the 'Masters in Management'(MIM) Programme. The CEMS MIM Programme was ranked 4^th in the Financial Times Masters-in-Management Rankings in 2015.