The Indian Institute of Management Indore’s Management Programmes has received the first international accreditation from the highly respected Association of MBAs (AMBA, a UK-based accreditation agency), for four of its full-time programs. Its One Year Full-Time MBA (Executive Post Graduate Programme in Management) is the only one to be granted Full-Time MBA Status.
The other programmes accorded AMBA recognition are the 2-Year Post-Graduate Programme in Management (both at Indore and Mumbai) which have been accredited as a pre-experience Masters in Management Course, and the 5-Year Integrated Programme in Management (IPM, 4th and 5th Year). We are yet to confirm which category the IPM course has been accredited under.
AMBA recognises only those programs that require participants to have prior work experience as MBA. Thus, all others including the two-year Post Graduate Programs (PGP) offered by the IIMs and others that have fresh graduates without mandatory work exposure are classified under MIM (Masters in Management).
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IIM Indore is now among the few B-Schools accredited by AMBA in India, and the 4th IIM receiving this prestigious accreditation. The other IIMs with AMBA accreditation are IIM Kozhikode, IIM Lucknow and IIM Calcutta.
AMBA accreditation represents the highest standard of achievement in postgraduate business education and is earned only by the best programs. It gives business schools international credibility and status.
Since its inception in 1967, AMBA has accredited MBA, DBA and MBM programmes at over 200 B-schools in more than 70 different countries. The association accredits just one percent of the world’s MBA offering B-schools.
Within a short span of 20 years, IIM Indore has become India’s largest IIM in terms of students. It is also the only IIM to offer a five year integrated programme in management, and Post Graduate Programme and weekend Post Graduate Programme for Working Executives in Mumbai. It also became the first IIM to offer a doctoral programme in Management for working professionals.
The Institute Director Prof. Rishikesha T. Krishnan congratulated the faculty, staff, students, alumni and other stakeholders of IIM Indore while announcing the AMA accreditation.
“One of our key objectives is to maintain world-class academic standards and international accreditation is an important affirmation of this achievement. Going forward, IIM Indore hopes to build on the strengths we have already demonstrated,” he said in a video message.
“Going forward, IIM Indore hopes to build on the strengths we have already demonstrated. We have the largest number of students across all IIMs, more than 1600 students on our campus. In addition, we also run the widest portfolios of management programmes,” he added.
“We hope to enhance our research output and we are known for knowledge creation in the world of management education. We also want to ensure that our programmes are up-to-date and are among the best academic programmes in the world.
“Increasingly, we want to focus on entrepreneurship and we plan to start a separate entrepreneurship consortium for PGP programme. All of these will help IIM Indore cement its place as one of the leading management institutions in India,” Prof. Krishnan said.
Any mention of the different accreditations awarded to the institute’s courses and the significance of this was missing from IIM’s statement.
IIM, Lucknow’s International Programme in Management for Executives (IPMX), SP Jain Institute of Management and Research (SPJIMR)’s Post Graduate Programme in Management (PGPM) are the other 1-year MBA programs in India to get Full-Time MBA accreditation by AMBA.
The other business schools with AMBA Accreditation in India are International Management Institute (IMI), Management Development Institute (MDI), SP Jain Institute of Management Research (SPJIMR) and SVKM’s Narsee Monjee Institute of Management Studies (NMIMS).
Global B-schools accredited by AMBA include ESCP Europe Business School, Ashridge Business School (Hertfordshire, UK), Mannheim Business School (Manheim, Germany), Imperial College Business School (London, United Kingdom), Leeds University Business School (London, UK) and Reims Management School (Reims, France).