Great Lakes Institute of Management, Chennai is the youngest and the 7th B school in India receiving AMBA accreditation. The prestigious AMBA (Association of MBAs), UK accreditation has been awarded to Great Lakes for its flagship one year fast track MBM program - PGPM and its MBA program - PGXPM. With AMBA accreditation, Great Lakes joins the league of some of the world’s renowned Institutes such as INSEAD France, London Business School, HEC Paris, IIM Calcutta who have already received this accreditation. Apart from Great Lakes, only 6 other institutes in India including IIM-C, IIM-L, MDI Gurgaon, SPJIMR have so far been accredited by AMBA.
AMBA accreditation builds the international credibility of the Institute and Great Lakes has accomplished to build this reputation in just a decade. This accreditation has propelled the Institute’s vision for the next decade - From Success to Substance.
210 B-Schools across 70 countries have received AMBA accreditation. Releasing the official confirmation, Mr. Mark Stoddard of MBA world congratulated Great Lakes on the accreditation. AMBA accreditation represents the high standard of achievement in postgraduate business education and is earned by the best programs in the world. This accreditation is the global standard for all MBA, DBA and MBM programs.
For a program to be accredited by AMBA, the assessment process is subject to rigorous criteria set to international standards. Some of the criteria to be fulfilled are Program should reflect the changing trends in management, continuous efforts to fulfill an explicitly set mission of the Institute, ability to demonstrate high levels of quality across its faculty and majority of members of the faculty to hold a Doctorate.
Apart from this, AMBA also looks at significant contribution by the Institute in three vital areas – Research, Consultancy and Scholarships. The accredited programs are reviewed once in five years to ensure that the quality is maintained and continuous improvement is achieved. Great Lakes went through this rigorous evaluation process for receiving this accreditation and three AMBA officials physically visited its campus to assess the standards at the B school.
Highly ranked Great Lakes Institute of Management was founded in the year 2004 in Chennai. The B school offers PGPM and PGDM programmes with variety of specializations. Prof Bala V Balachandran, founder and dean of the B school is a J. L. Kellogg Distinguished Professor (Emeritus in service) of Accounting and Information Management, Northwestern University, Illinois, USA; Executive Professor and Strategy Advisor to the Dean, Bauer College and University of Houston, Texas, USA
The institute accepts CAT/XAT/CMAT/GMAT scores for admission. Average placement in 2014 at Great Lakes stood at Rs.8.06 lacs per annum.
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