Indian Institute of Management, Indore is triple crowned now! After getting AACSB and AMBA accreditations, IIM Indore has been awarded the EFMD Quality Improvement System (EQUIS) accreditation by EFMD. IIM Indore is now one among the 90 top B-schools across the world with triple international accreditations and second B-school in India after IIM Calcutta which has also earned three international accreditations. None of the other top IIMs – IIM Ahmedabad, IIM Bangalore or IIM Lucknow has been awarded with all these accreditations.
The globally recognized international organization for management development, the EQUIS Accreditation Board voted to confer EQUIS Accreditation on IIM Indore on December 10, 2019. IIM Indore is now the second IIM in the nation to receive triple accreditations, bringing glory to the Institute with a ‘Triple Crown’ with all the three prominent accreditations — Association of MBAs (AMBA, UK); The Association to Advanced Collegiate Schools of Business (AACSB, USA); and EQUIS, European Union. This combination of accreditations is held by less than one percent of business schools in the world, granted by the largest and most influential business school accreditation agencies. As of March 2019, the ‘Triple Crown’ was received by only 90 business schools globally, out of the 13,000+ schools offering business degree programmes. In Asia, there are only 40 B-schools that have received the EQUIS accreditation
Speaking on this occasion, Professor Himanshu Rai, Director IIM Indore, said, “This puts us on the world stage among less than 100 institutes who have the distinction of having the triple Accreditation. This marks the culmination of years of hard work put in by our institute, with a single minded determination to be a world class institution that aspires to global benchmarks to contribute to nation building.”
EQUIS accreditation is the most comprehensive institutional accreditation system for business and management schools. It is acknowledged worldwide by potential students, faculty, employers, corporate clients and the media; often a pre-requisite for an entry into the ranking system. EQUIS accreditation ensures a rigorous quality control that benchmarks a school against international standards, in terms of governance, programmes, students, faculty, research, internationalization, ethics, responsibility and sustainability, as well as engagement with the world of practice. EQUIS covers all the activities of a school, including degree and non-degree programmes, knowledge generation and contribution to the community.
IIM Indore received the first international Accreditation from the Association of MBAs, a UK-based accreditation agency in the year 2016 and was re-accredited by AMBA for next five years in November 2019. The second accreditation was received from the Association to Advance Collegiate Schools of Business International (AACSB) in January 2019. There are only 831 institutions maintaining AACSB accreditation across 54 countries and territories. Now with the third accreditation received from EQUIS, IIM Indore has become a ‘Triple Crown’ B-school and the second IIM to receive this accreditation, after IIM Calcutta.
Established in 1996, IIM Indore has completed 23 glorious years and has achieved multiple milestones. IIM Indore is ranked #5 in NIRF Rankings 2019 and has also bagged a rank in the top 100 FT Rankings 2019. IIM Indore has been placed in the 101+ bands in the World QS Rankings 2019 for Indian Business Schools.
With an aim to impart high quality management education and training, IIM Indore seeks to be a contextually relevant business school with world class academic standards that develops socially conscious managers, leaders and entrepreneurs. The Institute ensures that faculty members and participants receive global exposure for research and via student exchange. In the year 2019, IIM Indore has signed multiple MoUs with renowned foreign institutions such as: University of Queensland (Faculty of Business, Economics & Law); MIP Politecnico di Milano Graduate School of Business, Italy; and with Lal Bahadur Shastri National Academy of Administration, Mussoorie, India. The Institute has also signed a MoU with Times Professional Learning under Bennett, Coleman & Co. Ltd. and VCNow, under Unified Collaboration Services, a knowledge initiative of one of the leading providers of education in the domain of executive education.
IIM Indore became the first ever IIM to offer an undergraduate programme – Five Year Integrated Programme in Management. The Institute won the Association of MBAs (AMBA) Business Excellence Award 2019 in the category of Business School Impact on Community and Society on February 01, 2019 for its Rural Engagement Programme (REP).
IIM Indore currently has campuses in Mumbai and Indore, offering multiple academic and executive programmes. IIM Indore offers admission to around 600 CAT exam takers, at its Indore and Mumbai campuses. A good number of 500+ candidates are offered admission at IIM Indore at its Indore campus, 75 students at IIM Indore-Mumbai campus.The Institute has also launched a General Management Programme for Executives in Dubai – which is conducted on weekends, similar to the one in Indore campus.
Apart from flagship 2 years full time Post Graduate Programme in Management(PGP) at its Indore and Mumbai campus and 2 years full time PGP-HRM programme, IIM Indore offers - Fellow Programme in Management (FPM); FPM Industry; Executive PGP(EPGP); EPGP-E-Governance; 5 year integrated programme in Management. A few other MDP and certificate programmes are also conducted by IIM Indore.
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