Indian Institute of Management (IIM), Calcutta has been awarded the EFMD Quality Improvement System (EQUIS) Accreditation by EFMD, the globally recognised international organisation 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.
The 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 -- accredited by all the three major accreditation agencies in the world for management education.
Only five 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," IIM Calcutta Director Professor Saibal Chattopadhyay said.
"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," he added.
The Association to Advance Collegiate Schools of Business (AACSB) is based in Tampa, Florida in the United States while the London-based Association of MBAs (AMBA) and EFMD which awards EQUIS Accreditation is based in Brussels, Belgium.
Incidentally, the 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.
