With over 8000 institutes offering MBA in India, a student can often land in a situation where they are unable to decide which is the best institute to pursue the course. One of the ways to sort out through all the institutes is to look at the various accreditations and approvals of the institute.
What is Accreditation?
Accreditation is an independent evaluation process designed to recognize colleges and universities that meet rigorous academic standards. In order to gain accreditation, institutions of higher learning must demonstrate their academic quality to an independent accrediting agency.
Each independent accrediting agency develops its own criteria for accreditation. Accrediting agencies often examine student learning outcomes such as student retention, assessment of particular skills, graduate placement records, and student satisfaction. Once an institution has earned accreditation, it must undergo a regular periodic review process in order to maintain its accredited status. The goal of accreditation is to identify exceptional institutions of higher learning.
Benefits of Accreditation
• Accreditation speaks for the quality of your education
• High-quality faculty
• Symbol of high quality reputation to employers
• Allows the school to be well recognized
• It is thorough and long-lasting
• Can be internationally recognized
Types of Accreditation
Most of the recruiters, job agencies usually look for various accreditation and approvals of B -Schools during candidate selection. So it is important for students to understand meaning of various accreditation certification and approving authorities which can help them to select right course and right institute for the admission.
1. National Board of Accreditation (NBA)
National Board of Accreditation (NBA) accredits technical and professional courses in Engineering and Management streams. NBA's process, parameters and criteria for accreditation are in line with the best international practices and oriented to assess the outcomes of the programme.
Institutions, students, employers, and the public at large all benefit from the external verification of quality provided through the NBA accreditation process. They also benefit from the process of continuous quality improvement that is encouraged by the NBA's developmental approach to promote excellence in technical education. In all, NBA accreditation adds value to the reputation of the institute.
2. The Association to Advance Collegiate Schools of Business (AACSB)
AACSB accreditation is awarded to the institute for its demonstrated focus on quality in teaching, research, curriculum development, and student learning.
AACSB Accreditation has been earned by only 5 percent of the world's schools offering business degrees at the bachelor level or higher
AACSB Accreditation provides a framework of 15 international standards against which business schools around the world assess the quality of their educational services. These standards ensure continuous improvement and provide focus for schools to deliver on their mission, innovate, and drive impact. The list of B-schools earlier accredited by AACSB includes Harvard Business School, Wharton School at the University of Pennsylvania and the MIT Sloan School also.
3. All India Council of Technical Education (AICTE)
AICTE was formed as an advisory body for various matters of technical education. AICTE regulates and maintains norms of technical and higher education across India. It has defined standards which higher education institution must follow to get approved by AICTE.
Institution which has AICTE approval is considered to be following all the norms and standards set by AICTE in terms of faculty to student ration, infrastructure, curriculum, Infrastructure and facilities etc.
4. Association of Indian Universities (AIU)
Association of Indian Universities (AIU) is an association of major universities in India. The AIU evaluates the courses, syllabi, standards, and credits of programs like PGDM and the programs of foreign universities being undertaken in India and abroad and relates them in respect to various courses being offered by Indian universities. The main function of AIU is to accord recognition of Degrees/Diplomas awarded by the Universities in India.
Vivekanand Business School (VBS) is one such institution which gives lot of importance to accreditation and recognition. VBS’s two-year Post Graduate Diploma in Management (PGDM) is AICTE approved, and accredited by the National Board of Accreditation (NBA).
This program has been accorded equivalence with Master of Business Administration (MBA) Degree of an Indian University by Association of Indian Universities (AIU) for the purpose of admission to higher studies. VBS has been accepted as a member of AACSB International.
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- Rasika Soman