Leading Indian B-Schools are opting for international accreditation to improve their brands and pedagogy, fuel exchange programme and increase international relations. Indian B-schools are opting for three kinds of global accreditations—the British-promoted Association of MBAs (AMBA), the European Quality Improvement System (EQUIS) and the American AACSB (Association to Advance Collegiate Schools of Business). In fact the Indian School of Business (ISB), Hyderabad, is the first South Asian B-School to get AACSB accreditation; in November, the Indian Institute of Management, Lucknow, got AMBA recognition. Other Indian B-schools that have got international accridiations include the IIMs at Kozhikode, Ahmedabad and Bangalore, and the Management Development Institute, Gurgaon.
An international accreditation implies a level of governance structure, curricula, placement record, pedagogy and research background, among other things. It is believed that foreign accreditations will help Indian management schools strengthen their global standing and raise the quality of Indian education. While the institute gets good collaborations and a better brand name, students benefit from better exposure, international exchanges and, of course, a further better placement.