IIM Indore is proud to announce that it has successfully received re-accreditation from the European Foundation for Management Development (EFMD) Quality Improvement Systems – EQUIS (Europe), a prestigious international organization for management development. It is an international not-for-profit association based in Brussels, designed as a quality enhancement process for a particular programme within an institution. IIM Indore has received the EQUIS re-accreditation for three years.
This accomplishment further reinforces the institute’s position among the top 100 business schools globally, with a ‘Triple Crown’ accreditation, including accreditations from the Association to Advance Collegiate Schools of Business (AACSB – USA) and the Association of MBAs (AMBA – UK).
Professor Himanshu Rai, Director, IIM Indore, expressed his appreciation and congratulations to the entire IIM Indore community for their dedication and hard work in achieving this accolade. He emphasized that the achievement was the result of the collective efforts of the entire institution working together with a shared sense of purpose.
Over the past 26 years, IIM Indore has been at the forefront of innovation in management education, with many firsts to its credit. The institute has pioneered a Five-Year Integrated Programme in Management, a weekend Post Graduate Programme for Working Executives in Mumbai, and a Doctoral Programme in Management for working professionals and defense officers. Additionally, the institute has launched several Virtual Learning Programmes for Executives and a General Management Programme for Executives. ‘We have also expanded our footprint to the UAE and the Middle East, with a strong alumni base of over 600 abroad. IIM Indore is widely recognized for offering socially conscious courses and programmes, and the EQUIS re-accreditation serves as a testament to its commitment, dedication, and eagerness to contribute to research and academia’, said Prof. Rai.
The EQUIS Criteria Framework for accreditation is a comprehensive set of factors used to evaluate the quality and standards of an educational institute. The framework includes context, governance and strategy, programme portfolios, students, faculty, research and development, executive education, resources and administration, internationalization, ethics, responsibility and sustainability, and connections with practice. IIM Indore has been assessed on its ability to meet the rigorous standards set by the EQUIS Criteria Framework, and has been granted accreditation based on its performance in each of these areas.
International accreditation and re-accreditation are essential affirmations of the institute’s achievements. IIM Indore has also made significant progress, ranking in the top 100 FT Rankings for Management Schools and seventh in the National Institute Ranking Framework. IIM Indore received Rank #2 amongst all the B-Schools in India in the Eduniversal 4 Palmes Rankings 2022, under the Top Business School with Significant International Influence. The institute has received Rank #2 amongst all the IIMs in this category. IIM Indore’s re-accreditation by EFMD Quality Improvement Systems – EQUIS is a momentous achievement that reflects the institute’s dedication to academic excellence and innovation in management education.
EFMD – EQUIS officials have bestowed their hearty congratulations upon the institute for the much-deserved reaccreditation. They appreciated IIMI for its continuous commitment towards excellence in education and unwavering dedication towards imparting knowledge that stands the test of time. We take this opportunity to express our sincere gratitude to EQUIS for their recognition and support, which has helped us raise the bar of academic standards to greater heights.