ICFAI Business School, Hyderabad receives AACSB reaccreditation

ICFAI Business School (IBS), Hyderabad has been granted a six-year accreditation from the Association to Advance Collegiate Schools of Business International (AACSB). IBS Hyderabad had received AACSB accreditation in March 2020.

Out of more than 16,000 business schools globally, only 1,051 institutions in over 68 countries hold AACSB accreditation—representing just 6% worldwide. In India, a mere 24 schools (0.4%) have received this accreditation, of which ICFAI Business School (IBS), Hyderabad is one.

The decision was taken after a rigorous evaluation by the AACSB peer review team, which assessed the school on nine comprehensive standards. The recommendation was confirmed by AACSB’s peer review team and ratified by its board of directors.

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IBS accredited for six year

K. S. Venu Gopal Rao, director of ICFAI Business School Hyderabad, said, “IBS has successfully received an extension of its AACSB accreditation for a period of six years. IBS Hyderabad received the initial accreditation in March 2020. The extension of the accreditation is a clear indication of the strength of the academic processes, the commitment to deliver quality in all its management programs, and to drive societal impact by integrating sustainability principles into the curriculum, faculty research, and community engagement. This significant milestone reflects the hard work, efforts, and commitment to academic and professional excellence of the entire IBS community in teaching, research, and service.”

Antonio Goodson, manager of accreditation at AACSB, shared congratulations on behalf of the board of directors: “The peer review team’s recommendation for extension of accreditation has been concurred with and ratified. Congratulations to the faculty, students, staff, and supporters of the school.”

What is AACSB accreditation?

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AACSB accreditation is known around the world as the highest standard a business school can achieve. Over 1,000 schools and more than 5 million students are part of the AACSB-accredited community.

AACSB’s strength lies in its global network, which encourages innovation, learning, leadership, and strong academic standards. Accredited schools in over 100 countries have worked on important global issues, with more than 700 projects reported between July 1, 2023, and June 30, 2024. These initiatives have helped make a positive impact on the economy, environment, and society.

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