Kolkata: To get aspiring business leaders from foreign
countries join their courses, IIMs are now trying to get accreditation from two
global bodies and the authority to award degrees rather than diplomas in
business management. "Considerable progress has been made towards enabling
the IIMs to award degrees rather than diplomas. Though the PGDM of the IIMs is
very well recognised in industry, a degree would help in strengthening the
reputation of the IIMs
internationally," IIM Kolkata's outgoing director
Shekhar Chaudhuri said.
The Ministry of HRD is already considering giving the IIMs
the authority to award degrees through an Act of Parliament. The authority to
award degrees will provide tremendous academic flexibility to the IIMs to
develop a variety of programmes that are not feasible today, he said. The IIMs
have so far been awarding two-year post-graduate diploma in management (PGDM)
which is equivalent to an MBA. The elite chain of B-schools have also been
working for the last four-five years to get themselves accredited by the Association
of Collegiate Schools of Business (AACSB).
Stating that they are hoping accreditation early next year,
Chaudhuri said they have also decided to get another accreditation from the
Association of Master of Business Administration (AMBA) in sync with the
international trend of having triple accreditation. "Our long term goal is
to get full time international students to join our PGP (Post Graduation
Program). Accreditation by AACSB and AMBA would help in that endeavour,"
Chaudhuri said.
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