Top 3 IIMs obtain EQUIS accreditation
The top 3 IIMs, IIM Ahmedabad, IIM Calcutta and IIM Bangalore have obtained European Quality Improvement System (EQUIS) accreditation. This accreditation is run by the European Foundation for Management Development (EFMD).
The accreditation period differs for the institutes. IIM Bangalore and IIM Ahmedabad have obtained the accreditation for 5 years while IIM Calcutta has been accredited for 3 years. These institutes have got an edge over other B-schools as this accreditation is an indication that all the three institutes offer excellent education quality and are well connected to the corporate world globally.
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The accreditation is provided to the institutions only after they are thoroughly assessed. While assessing an institution, the degree programs provided by the institute and the activities of the institution are taken into consideration. The accreditation process starts with a self-assessment procedure that is carried out by the institutions respectively. This is followed by a review visit made by an international team of auditors.
In order to qualify for EQUIS, it is important for an institute to possess a perfect blend of excellent academic value and professional significance. IIM B, IIM A and IIM C, all three institutions have proved that they excel in offering management education. The accreditation obtained by these institutes will further encourage them to sustain high standards of quality in education.
By obtaining an accreditation under the EQUIS system, it becomes evident that the B-school has met the educational standards. This brings great relief to the students who choose to study with the EQUIS accredited institutions, and they can be assured that the institution they are attending will offer international standards of educational quality.
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