April 27 2016, 17.13 PM IST || Pocket News Alert
Chandigarh, 27th of April’16: Indian Institute of Management Calcutta is happy to announce that it has been awarded the EFMD Quality Improvement System (EQUIS) Accreditation by EFMD, the globally recognized international organization for management development, with over 800 members from academia, business, public service and consultancy in 81 countries. The EQUIS Accreditation Board voted to confer EQUIS Accreditation on IIM Calcutta on April 12, 2016.
IIM Calcutta has already been accredited by the Association to Advance Collegiate Schools of Business (AACSB) and the Association of MBA’s (AMBA) in 2014. With EQUIS accreditation, IIM Calcutta becomes the first Indian business school to achieve the ‘Triple Crown’ in accreditation, i.e. accredited by all the three major accreditation agencies in the world for management education. Only 5 other business schools in Asia and 73 business schools around the world are currently ‘Triple Accredited’.
“This is a significant achievement for us. Each of the three accrediting agencies insists that accredited schools meet stringent quality requirements in various parameters of management education. A ‘Triple Crown’ signifies that the Institute meets very high quality standards, be it in the area of institutional strategy, assurance of learning, research impact, or producing competent and ethical managers for the corporates as a few examples. This is where the strength of Triple Crown Accreditation lies – it is not surprising that very few institutes in the world are accredited by all three”, said Professor Saibal Chattopadhyay, Director, IIM Calcutta.
AACSB, The Association to Advance Collegiate Schools of Business is based in Tampa, Florida in the United States; AMBA, The Association of MBAs, is based in London, United Kingdom; and EFMD which awards EQUIS Accreditation is based in Brussels, Belgium.
IIM Calcutta is also the only member in India of CEMS, which is an elite club of 30 premier business schools from across the world which offers the ‘Masters in Management’(MIM) Programme. The CEMS MIM Programme was ranked 4th in the Financial Times Masters-in-Management Rankings in 2015.
About IIM Calcutta
The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in November 1961 in collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation and Indian industry.
Over the years, IIMC has grown into a mature institution with global reputation, imparting high quality management education. It has been playing a pioneering role in professionalizing Indian management through its Post Graduate and Doctoral level programs, Executive Training Programs, Research and Consulting Activities.
The vision of the Institute is to emerge as an International Centre of Excellence in all facets of Management Education, rooted in Indian ethos and societal values. Over the past four decades, IIM Calcutta has developed into one of Asia's finest Business Schools. Its strong ties to the business community make it an effective mechanism for the promotion of professional management practices in Indian organizations. Today, IIM Calcutta attracts the best talent in India to its faculty and the best and brightest young men and women pursue its academic programs
The residential experience is a foundation of the IIM Calcutta culture, which promotes teamwork and the building of lifelong relationships. Students and partners live on or near campus, making social events and shared activities a way of life. Through a core curriculum which stresses general management skills and advanced elective and seminar courses, IIM Calcutta students have access to a preeminent faculty of thought leaders.
To its students, IIM Calcutta offers intellectual depth, abundant resources, and individual attention. To our alumni, we provide a lifelong connection to excellence. To the world, we have a commitment to developing ethical and responsible leaders.
International Partnerships and Rankings
‘Internationalization’ is part of the IIM Calcutta’s core agenda and it is constantly accelerating the pace of internalization in every aspect of its functioning. Presently, IIMCalcutta’s internationalization efforts are in the area of student exchange partnerships, high-quality collaborative research, visiting foreign faculty, links with international corporate world, accreditation by international accreditation bodies and participation in international rankings. The Institute’s Student Exchange Programme (STEP) began in the year 1999 and the Institute has added new partners every year since. Currently IIMC has 97 partner Institutes all over the world. This includes 29 partners in CEMS which is a global alliance in management education of 30 business schools worldwide. IIM Calcutta became the 28thCEMS partner and the exclusive Indian partner of CEMS in 2012.
The Institute’s two-year Post-Graduate Programme has also been consistently ranked among the Top 20 Masters in Management (MIM)programmes in the world by the Financial Times Masters in Management Rankings. IIM Calcutta’s three-year average FT-MIM ranking is currently 16. It has also been ranked first worldwide for Careers in the FT MiM Rankings for three consecutive years, 2013, 2014 and 2015.