Ahmedabad, India (26th February 2025): Narayana Business School Ahmedabad joins the highest cohort of global B Schools with AACSB membership. NBS is thrilled to announce that it has achieved membership from the Association to Advance Collegiate Schools of Business (AACSB), paving its path on becoming the top 6% of B schools globally with AACSB accreditation in future. With over 3,500 management institutions in the country, only a select few have earned this prestigious recognition.
As one of the rarest of B schools founded by academicians, this monumental recognition lays the foundation of making it globally appreciated. It also reflects its duty to delivering the highest standards of business education possible.
“Achieving AACSB membership was long due, but we are here. As a B School we are dedicated on providing students with the best of the best environment to help them become future leaders and this recognition elevates our global standing” said Dr Amit Gupta, Director – Narayana Business School
AACSB Leadership Visits NBS Ahmedabad Campus
As a symbol of collaboration and future cooperation, AACSB leadership team recently visited Narayana Business School Ahmedabad campus. The team included:
- Dr. Geoff Perry, Executive Vice President, Global CMO & MD Asia Pacific at AACSB International
- Ms. Sophia Poh, Accreditation Manager, Asia Pacific at AACSB
- Mr. Pratap Das, Regional Head, South Asia at AACSB
During their visit, the AACSB leaders engaged in strategic discussions with NBS’s leadership, faculty, and students. Key outcomes included:
- Curriculum Alignment: A review of NBS’s academic programs to ensure alignment with AACSB’s principles-based standards, emphasizing innovation, ethics, and societal impact.
- Faculty Development: Strategies to enhance faculty qualifications and research contributions, critical components of the membership process.
- Student-Centric Initiatives: Discussions on integrating AACSB’s emphasis on experiential learning and global mobility into NBS’s student experience.
What Is AACSB And Why It Is Important?
AACSB, or the Association to Advance Collegiate Schools of Business, is a globally recognized accrediting body for business schools. Founded in 1916, AACSB International is dedicated to promoting excellence in business education through rigorous standards and continuous improvement. Less than 6% of business schools worldwide hold AACSB accreditation, making it a mark of distinction and a testament to the highest quality of education.
AACSB membership is important for several reasons:
- Global Recognition: AACSB is recognized globally as a hallmark of excellence in business education. It ensures that a business school’s programs are of the highest quality, preparing students for successful careers in the global business community.
- Employer Confidence: Employers often prefer to recruit from AACSB-accredited institutions, knowing that graduates possess the knowledge and skills required to perform effectively from day one. This gives students a competitive edge in the job market.
- Quality Assurance: The accreditation process involves a comprehensive review of various aspects of a business school, including faculty qualifications, curriculum, research, and student learning outcomes. This ensures that accredited schools maintain high academic standards and continuously strive for improvement.
- Enhanced Learning Experience: AACSB member B schools attract top faculty members who are experts in their fields and dedicated to teaching and research. This ensures that students receive a high-quality education that prepares them for the challenges and opportunities of the business world.
- Innovation and Impact: Member schools are often at the forefront of innovation in business education, developing and implementing new teaching methods, curricula, and programs that address emerging business trends and challenges.
The Value Of AACSB By The Numbers
According to AACSB, accreditation brings several key benefits to business schools and their stakeholders*:
- 73% of CEOs representing Fortune 100 companies and 75% of top-paid CEOs representing S&P 500 companies have a degree from an AACSB-accredited school (2024 AACSB analysis).
- 83% of alumni from AACSB-accredited schools agree that their graduate business education increased their earning power (2022 GMAC Longitudinal Candidate Survey).
- 96% of alumni from AACSB-accredited business schools are employed (2022 GMAC Longitudinal Candidate Survey).
- 87% of alumni from AACSB-accredited schools agree that the skills they developed in business school advanced their careers (2022 GMAC Longitudinal Candidate Survey).
Additionally,
- Boosts Student Enrolment: Initial accreditation significantly increases student enrolment in post graduate programs.
- Enhances Competitiveness: AACSB accreditation helps business schools refine their missions, target markets, and strategies, allowing them to stand out in a highly competitive environment.
- Generates More Research Grants: Accredited schools attract more research grants and produce more cited works, enhancing their academic and research capabilities.
- Recruit Top Talent: Employers prefer to recruit from AACSB-accredited institutions, knowing that graduates possess the necessary skills and experience.
- Elevates Brand and Builds Partnerships: Accreditation elevates the quality and global recognition of a business school’s brand, attracting top students, faculty, business recruiters, and funding.
- Increases Access to Quality Education: AACSB accreditation ensures that business schools in a region maintain high standards, contributing to the development of talent and research that benefits the economy and community.
Despite the growing number of management institutions in India, the journey to AACSB accreditation is challenging. Many institutions struggle to meet the required standards, particularly in faculty development and research infrastructure. However, the benefits are clear: enhanced global recognition, employer confidence, and a competitive edge in the job market.
Parting Thoughts: NBS Goes Global With AACSB Membership | New Era Of NBS Ahmedabad Begins
As India’s business education sector continues to evolve, the pursuit of AACSB membership followed by AACSB accreditation in future will remain a critical goal for institutions aspiring to global excellence. Narayana Business School Ahmedabad will soon join the 22 elite B schools in India with AACSB accreditation, committing to the highest standards of education and continuous improvement.
For more information about AACSB accreditation and its impact on business education in India, please visit AACSB Website.
