XLRI - Xavier School of Management, one of India’s premier B-Schools, has earned accreditation for its flagship management and doctoral programs by AACSB International-The Association to Advance Collegiate Schools of Business. 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 program.
Only 4 Indian B-schools, namely IIM Calcutta, ISB, TAPMI and IMT Ghaziabad, were previously accredited by AACSB in India. Only 5% or 755 B-schools in the world are accredited by AACSB in its 100 years of history. AACSB accreditation is expected to pave way for greater internationalization at XLRI Jamshedpur.
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 programs. 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 Vice President 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."
Fr. E. Abraham S.J. Director, XLRI- Xavier School of Management remarked on the new development, “The AACSB Accreditation is an important milestone for XLRI, India’s oldest management school founded in1949. 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. E. Abraham added.
AACSB International is a global, non-profit membership organization of educational institutions devoted to the advancement of management education. Established in 1916, AACSB International provides its members with a variety of services to assist them with the continuous improvement of their business programs and schools. In 2013, AACSB International announced its new accreditation standards that focus on Innovation, Engagement, and Impact in management education. The AACSB Accreditation Standards challenge schools to pursue excellence and continuous improvement throughout their business programs.
XLRI is one of the top rated private management institute in India founded in 1949 by Fr Quinn Enright, S.J. in the ‘steel city’ of Jamshedpur. Over the last six decades, it has grown into a top-ranking business school with a wide portfolio of educational programs. Its alumni are spread around the globe and have demonstrated responsible business leadership in their organizations. XLRI strives to contribute its mite to the professional growth and management of innumerable organizations that serve the public good in a variety of sectors. XLRI has been awarded two prestigious International Accreditations, viz., AACSB - The Association to Advance Collegiate Schools of Business and AMBA - Association of MBAs. XLRI has also earned the National Board of Accreditation (NBA) accreditation.
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