The Master of Business Administration (MBA) is one of the most-sought after courses, which can be pursued by students from a wide range of disciplines. When choosing to get into an MBA programme most students will look forward to getting into the most reputed B-schools. One of the first criteria that students look out for when short-listing a Business School is the accreditation of that particular b-school.

What is accreditation?

Business schools are accredited by external bodies, thus providing students and potential employers with an independent view of their quality. Accreditation is one of the most important factors to be considered when deciding an MBA programme.

The accreditation of a B-school is important as it judges the quality of the institute. Everything is taken into consideration while accrediting a B-school, right from the quality of the education to the infrastructure facilities offered.

What are the benefits of choosing an accredited institute?

Accreditation ensures that a B-school adheres to a particular standard. An accredited B-school is more likely to have a superior teaching system as well as a highly qualified faculty. Besides, an accredited institute is more likely to attract and select the brightest students based on their performance in the entrance exams and interviews. Lastly, accredited institutes tend to offer better placement opportunities as recruiters also prefer to hire students from these institutes.

What are the factors that are taken into consideration for accreditation?

The Institution: The strategy and vision of the B-school are important factors to be considered before accrediting a B-school. Is the institute flexible enough to keep pace with the rapid changes in technology, the changing business environment, financial climate and other factors? Also, the ability of the institute to operate independently is taken into consideration when awarding the accreditation.

Admission policy: The B-school should be strict about its admission standards. It should consider academic criteria as well as work experience while selecting students. By adhering to stringent norms at the time of admission, the institute will ensure that the quality of its students will be of the highest level.

The Course Curriculum: A typical B-school course from an accredited institute would offer a curriculum covering topics such as marketing, accounting, finance, organizational theory, quantitative methods, etc. An ideal course curriculum is one which would offer a wide range of electives, provide students an opportunity to get relevant work experience, apply their understanding of business theory in real world situations and develop a wide network of contacts.

Faculty: One of the most important factors for imparting quality education is the quality of the faculty. On the one-hand it is essential that at least 75% of the faculty should have a Masters or Doctors degree in the subjects they teach. Also, the B-school should have visiting faculty from the industry as they help bridge the gap between the course objectives and the expectations of the industry.

Campus Culture: The infrastructure and campus of the B-school as well as its location are evaluated prior to the accreditation process.

Placements: Many students choose to pursue an MBA for the high salaries offered during campus placements and subsequent recruitment. During accreditation the type of industries that visit a B-school and the quality of placements offered to students are taken into consideration.

Thus, we see that there are a number of factors that need to be closely evaluated prior to choosing a suitable B-school for your MBA programme.

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