19 Feb 2020 17:04 IST

ICFAI Business School gets AACSB accreditation

A total 874 institutions across 56 countries and territories have received it so far

ICFAI Business School (IBS), Hyderabad, has received the accreditation from AACSB (Association to Advance Collegiate Schools of Business International). So far, 874 institutions across 56 countries and territories have received. Only 14 business schools in India now have the AASCB accreditation, which recognises the highest standards of excellence in management education.

Stephanie M Bryant, Executive Vice-President and Chief Accreditation Officer of AACSB International, said: “We congratulate ICFAI Business School, Hyderabad and Prof Venkata Seshaiah Sakalya, Director and head of the business school, on earning accreditation, and applaud the entire IBS, Hyderabad team, including the administration, faculty, staff, and students, for their roles in earning this respected honour.”

Bryant said: “AACSB accreditation recognises institutions that have demonstrated a focus on excellence in all areas, including teaching, research, curricula development, and student learning. ICFAI Business School, Hyderabad’s commitment to earning accreditation is a true reflection of their dedication — not only to their students, alumni network, and greater business community, but to the higher education industry as a whole.”

Sustaining excellence

Prof Venkata Seshaiah, Director, ICFAI Business School, said: “This accreditation helped IBS, Hyderabad, on the quality journey towards excellence by further nurturing the teaching, research, institutional development, community development, and knowledge sharing (TRICK) approach. This recognition paves the way for the school’s internationalisation. I believe that excellence is a continuing journey. We need to be at it in every academic cycle, every institutional initiative, and in every single career that we build for our students. We hope to sustain excellence not only for ourselves but also for all the stakeholders.”

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. AACSB-accredited schools have successfully undergone a rigorous review process conducted by their peers in the business education community, ensuring that they have the resources, credentials, and commitment needed to provide students with a first-rate, future-focused business education.