IIM Calcutta has been pursuing Accreditation with Association to Advance Collegiate Schools of Business (AACSB). The Association to Advance Collegiate Schools of Business (AACSB) is a global, nonprofit membership organization of educational institutions, businesses, and other entities devoted to the advancement of management education. Established in 1916, AACSB International provides its members with a variety of products and services to assist them with the continuous improvement of their business programs and schools.

We are happy to announce that Indian Institute of Management Calcutta has been awarded accreditation in business programmes by AACSB. It may be noted that IIM Calcutta has already been accredited by Association of MBAs (AMBA) this year. It is also the only member in India of Community of European Management Schools (CEMS), which is an elite club of 29 premier business schools from across the world. Therefore IIM Calcutta is the only institute in India to have dual accreditation by AACSB and AMBA and a member of CEMS.

AACSB Accreditation is the hallmark of excellence in business education, and has been earned by less than five percent of the world's business programs. Today, there are 716 business schools in 48 countries and territories that maintain AACSB Accreditation. Similarly, 181 institutions maintain an additional specialized AACSB Accreditation for their accounting programs. IIM Calcutta is the first IIM and third institute in India after ISB and TAPMI to gain AACSB Accreditation. AACSB and AMBA accreditation will further help the institute to get into many more partnerships with other esteemed institutions. Also, it would open up opportunity to collaborate with foreign faculty members on research projects, publications, etc. The institute will have the scope to get more foreign faculty members to teach our students and help them to be acquainted with global practices in business environment.

Overall, AACSB found at IIMC, very high quality in a significant number of areas. The school supports a continuous improvement environment. In this faculty run institute, faculty members individually and collectively are committed to this continuous improvement environment and are supportive of any strategic changes that the school has implemented for the betterment of quality. The school showed an overall ability to achieve desired outcomes across wide range of activities.

Benefit to the institute:

IIM Calcutta is committed to excellence and will remain to do so. This accreditation process helped the institute to take a holistic view of all its activities. The process encompasses various parameters like quality of students, faculty quality and research output, infrastructural facilities and financial stability of the institute. Overall the institute is guided by its mission and vision. This quality assurance process will continue to help the institute to achieve its mission and vision by providing a quality framework for the institute to strive on.

AACSB Accreditation represents the highest standard of achievement for business schools worldwide. Since less than 5% of the world's business programs have earned AACSB Accreditation therefore it can be summarized that AACSB-accredited schools have the highest quality faculty, relevant and challenging curriculum, and provide educational and career opportunities that are not found at other business schools.