K J Somaiya Institute of Management earns AACSB Accreditation taking Indian Tally to 19 B-schools joining this Elite Club

MBAUniverse.com News Desk |
May 11, 2022
K J Somaiya Institute of Management Mumbai has earned the prestigious AACSB International Accreditation. With this accreditation, the total number of Indian B-schools with AACSB Accreditation has gone up to 19. AACSB Accreditation provides a framework of international standards on which B-Schools assess the quality of their education.
AACSB Accreditation in India

K J Somaiya Institute of Management Mumbai has earned the prestigious AACSB Accreditation. Earlier this year, in February, IMI New Delhi too had become an AACSB B-school. Now there are four IIMs with AACSB Accreditation and the total number of Indian B-schools with AACSB Accreditation has gone up to 19 from 18 earlier. A total of 950 institutions across 59 countries and territories have earned AACSB accreditation in business.

Sharing the news with MBAUniverse.com, AACSB International confirmed that K J Somaiya Institute of Management is amongst the few global B-schools like Ecole de Management Leonard de Vinci, De Vinci Higher Education in Paris-La Defense; NHH Norwegian School of Economics; The University of Nottingham and University of Warsaw that have earned the accreditation in business.  

Mr Samir Somaiya, Chairman K J Somaiya Trust, said, “I am delighted that the K J Somaiya Institute of Management has received the AACSB accreditation. This accreditation reinforces our commitment to quality in all that we do. It also gives us a strong platform and recognition as we seek to continuously improve our curriculum, teaching and research in our journey to prepare future leaders in management in an ever changing world.”

Set up in 1981, K J Somaiya Institute of Management is part of the K. J. Somaiya Trust and Somaiya Vidyavihar. It offers several many popular MBA programmes including MBA in Healthcare Management and MBA in Sports Management. Dr Monica Khanna is the Director & Professor of Marketing at the institute.

K J Somaiya started the process required to get AACSB Accreditation about seven years back which has been completed in May 2022. 

List of 19 AACSB Accredited B-Schools in India
Earlier in November 2021, Indian Institute of Foreign Trade and Management Development Institute, Gurgaon had earned AACSB accreditation. With the award of Accreditation to K J Somaiya Institute of Management, B-schools with AACSB accreditations in India are:

  1. ISB Hyderabad
  2. IIM Calcutta
  3. XLRI Jamshedpur
  4. SPJIMR Mumbai
  5. IIM Indore
  6. School of Business Management at NMIMS Mumbai
  7. IMT Ghaziabad
  8. TAPMI Manipal
  9. IIM Udaipur
  10. JAGSoM Bangalore
  11. Amrita School of Business (ASB) Coimbatore
  12. IIM Lucknow
  13. SCMHRD Pune
  14. ICFAI (IBS) Hyderabad
  15. VIT Business School Vellore
  16. Management Development Institute (MDI) Gurgaon
  17. Indian Institute of Foreign Trade (IIFT)
  18. International Management Institute (IMI) New Delhi
  19. K J Somaiya Institute of Management Mumbai. (Above list is not in chronological order)

AACSB accreditation is awarded to the institute for its demonstrated focus on quality in teaching, research, curriculum development, and student learning. The Accreditation has been earned by only 5 percent of the world's schools offering business degrees at the bachelor level or higher. AACSB Accreditation provides a framework of 15 international standards against which business schools around the world assess the quality of their educational services. These standards ensure continuous improvement and provide focus for schools to deliver on their mission, innovate, and drive impact. Founded in 1916, AACSB is the longest-serving global accrediting body for business schools, and the largest business education network connecting students, educators, and businesses worldwide AACSB has offices located in Tampa, Florida, USA; Amsterdam, the Netherlands; and Singapore.

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