As students, we must recognize the importance of choosing the right college to assist us in navigating through the competitive professional culture, identifying our potential, and landing in good-paying jobs. When it comes to professional courses like MBA, enrolling in universities with accreditation certifications has a significant impact. While choosing institutions, students rarely seek proper accreditation or any background checks, which has a direct impact on their future job prospects.
It is necessary to comprehend the accreditation. MBA Accreditation is a third-party evaluation procedure that identifies and certifies colleges and institutions that provide high-quality education. To put it simply, it is grading educational institutions based on the quality of education provided to their students. Accreditation also aids these institutes in obtaining funding. Many independent organizations certify educational institutions based on certain review methods.
There are numerous accreditation certifications available, but which one to choose depends on one’s needs. Accreditation certifications are frequently displayed on business schools’ and MBA programs’ online profiles or websites. Understanding accreditation will aid you in selecting the best college for you.
So, what is the point of accreditation?
Its mission is to recognize the best schools and institutions around the world and to develop a global educational standard. Education quality, institute funds and assets, ethical ideals, graduate placement records, institute infrastructure, and student learning outcomes are all compared in the evaluation criteria. The goal is to find exceptional colleges that provide higher-quality education and maintain a higher placement rate.
What should a student look for under accreditation?
Now that it is clear what accreditation is, students must consider the level of accreditation of college they want to shortlist. Accreditation is important, particularly for professional courses such as MBA, because students who attend higher-accredited universities earn higher salaries. Numerous institutes in India have received the highest levels of accreditation. When compared to non-accredited universities, accredited colleges have a greater student placement rate.
There are five different types of accrediting certifications available:
- Specialized & programmatic
In India, there are five primary accreditations for business administration. AICTE (All India Council for Technical Education), UGC (University grant commission) AIMA (All India Management Association), NAAC (National Assessment and Accreditation Council), NBA (National Board of Accreditation).
Business schools and MBA colleges compete for these accreditations, which distinguishes them from other universities, and the competition for enrollment to these colleges is fierce; a student can gain a seat only by achieving a high rank and passing subsequent entrance exams.
Those of you looking for MBA colleges in the country should go for AICTE and UGC accredited institutions. NAAC accreditation is available only to these accredited institutes only. Because NAAC accreditation has grading levels, do extensive study on these schools. Colleges that receive NAAC grades of A++ to B++ are regarded as outstanding.
Professional programs under these institutes have their own accreditation; always choose NBA-accredited courses under NAAC accreditations. Higher placement rates can be seen at colleges having NBA and AIMA accreditation for their MBA and management programs.
You must be wondering ‘How will it help me?’
The main advantage of choosing these universities is that it mostly ensures a successful placement. Top MBA hiring organizations in India are already on the lookout for graduates from these prestigious institutions. Even if you are not hired, a degree from one of these institutions will look impressive on your CV.
Here is a list of the top 5 NAAC accredited colleges in India (source: www.collegedekho.com):
- Vignana Jyothi Institute of engineering & Technology, Hyderabad, A++
- Dr. Mahalingam College of Engineering& Technology, Tamil Nadu, A++
- Lady Irwin College, Delhi, A+
- Godavari Institute of engineering & technology, Andhra Pradesh, A+
- St. Joseph’s College, Kerala, A+
These colleges are accredited and certified on a national level. There is fierce competition among students for admission to these prestigious institutions. These approved universities also offer scholarships to students, as well as outstanding facilities, highly trained teachers, and a track record of placement in India’s leading companies.
A simple tip: When looking for institutions in your state or region, look for those that have at least UGC and AICTE certification.
What does it mean to be accredited internationally?
A large number of students are now relocating to other countries. Many individuals choose to study abroad because of the well-known reputable universities and culture.
Many of them are unaware that India is home to a number of internationally renowned educational institutions. There are three basic accreditations that are recognized worldwide.
- AACSB (The Association to Advance Collegiate Schools of Business)
- EQUIS (European Quality Improvement System) and
- AMBA(Association of MBAs).
IIM Calcutta, India’s premier MBA institute, is internationally acclaimed and has earned triple accreditation (i.e., AACBS, EQUIS&AMBA). It’s akin to an MBA gurukul for management studies.
A good CAT score is required to meet the institute’s eligibility requirements. However, when compared to the costs of studying and living overseas, it’s a bargain.
Those of you planning to study abroad might also want to look into internationally accredited colleges in India. Here are India’s top five internationally accredited institutes (source: www.mbauniverse.com):
- IIM Calcutta
- ISB Hyderabad
- XLRI Jamshedpur
- SPJIMR Mumbai
- IIM Indore
What about MBA programs offered entirely online?
There are a few online MBA programs and courses that are swiftly gaining traction and competing with traditional MBA programs. These online MBA programs are shorter in duration than traditional MBA programs yet provide the same level of instruction. Check for accreditations even if you’re taking an online course. For students who desire to study from home, there are several globally certified online MBA and management courses offered by world-class colleges.
Whatever institution, university, or course you wish to attend, you’ll need a full understanding of accreditations and a competitive analysis. Always conduct a thorough study before selecting a college, since you do not want to waste your time and money.
About the Author: Samiah Fareed
Samiah has a bachelor’s degree in engineering and is currently pursuing MBA. She enjoys writing and creating content for digital platforms in her spare time. She is a determined and ambitious person who wants to follow her passion for writing.
This article has been re-published on Medium