While many Indian students are seeking MBAs abroad, the schools at home are making big gains.
Recently, the Association to Advance Colligate Schools of Business (AACSB) accredited the Indian School of Business (ISB.) This is the first school in India that AACSB has accredited, and the accreditation promises to boost the school’s international reputation. In a press release, ISB frames this event as a fundamental shift in business education as well as in business as a whole:
“Within Asia, India is emerging as a significant player owing to factors such as opening and globalising of Indian economy, massive explosion of higher education and a change in approach from being ‘inward looking’ to ‘outward looking’. Against this backdrop, international accreditation will enable Indian B-schools to strengthen their global standing and raise the quality of Indian education. With ISB being the first Indian management education institution to earn the AACSB accreditation, it aims to put India firmly on the world management education map.”