According to an official release on August 16, Jamshedpur based Xavier School of Management, India’s premier B-School, has received the Association to Advance Collegiate Schools of Business (AACSB) accreditation for its flagship management and doctoral programmes from AACSB International. This is the second coveted International Accreditation for XLRI after Association of MBAs (AMBA), which XLRI had received in 2015. Importantly, XLRI joins a select group of global business schools to have received AACSB accreditation for its doctoral programme.
Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master’s, and doctoral degrees in business and accounting.
AACSB Accreditation is the hallmark of excellence in business education, and has been earned by less than five percent of the world’s business management programmes. Achieving AACSB accreditation is a multi-year process of rigorous internal review, engagement with an AACSB assigned mentor, and peer review. During the process the school focuses on developing and implementing a plan to align with AACSB’s Accreditation standards. These standards require excellence in areas relating to strategic management and innovation; student, faculty, and staff as active participants; learning and teaching; and academic and professional engagement.
“It takes a great deal of self-evaluation and determination to earn the AACSB Accreditation, and I commend XLRI Jamshedpur for its dedication to management education, as well as its leadership in the community,” said Robert D. Reid, executive VP and chief accreditation officer of AACSB International. “Through accreditation, XLRI has not only met specific standards of excellence, but has also made a commitment to ongoing improvement to ensure that the institution will continue to deliver high quality education to its students. The entire XLRI team—including the administration, faculty, directors, staff, and students are to be commended for their roles in earning accreditation.”
Commenting on the new development, Father E. Abraham S.J., director, XLRI-Xavier School of Management said, “The AACSB Accreditation is an important milestone for XLRI, India’s oldest management school founded in 1949. Staying true to our core Jesuit philosophy of “MAGIS” – ‘Pursuit of Excellence in all Endeavors’, this very prestigious AACSB accreditation will take us a step ahead to strengthen our foothold and reputation in the global arena and evolve towards becoming a preferred management institute of choice for discerning, future business leaders from India and abroad.”
“The international accreditations from AACSB along with AMBA which we had received last year has added twin feathers to XLRI’s cap. A management institute with two coveted international accreditations and the National Board of Accreditation (NBA) accreditation is a rare phenomenon in India. This accreditation will further enhance the credibility of XLRI vis-à-vis the recruiters looking to recruit the top talent, knowing that our graduates have received the highest quality and the most relevant management education,” Fr. Abraham added.
Founded in 1916, Tampa, Florida headquartered AACSB International provides business education intelligence, quality assurance, and professional development services to more than 1,500 member organisations across 91 countries and territories.
For more information, visit http://www.aacsb.edu/.
XLRI-Xavier School of Management is a premier, private management institute in India founded in 1949 by Father Quinn Enright, S.J. in the ‘steel city’ of Jamshedpur. To learn more, visit www.xlri.ac.in.
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