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ICFAI Business School, Hyderabad Gets Coveted AACSB Accreditation
13 Mar, 2020
ICFAI Business School (IBS), Hyderabad, has a new jewel in its already heavily encrusted crown, the coveted accreditation from AACSB (Association to Advance Collegiate Schools of Business International). Thus far, only 874 institutions across 56 countries and territories have received this accreditation, from around the world. The relentless efforts of Prof. Venkata Seshaiah Sakalya and his team, for over half a decade, has come to fruition. On achieving this commendable milestone, the aforementioned erudite scholar had this to say, “This accreditation will augment IBS’ journey towards excellence and it paves the way for the school’s internationalisation. It is an attestation of the mantra adopted by us, Viz nurturing the teaching, research, institutional development, community development, and knowledge sharing (TRICK) approach. I believe that excellence is a continuous journey. We need to be at it in each academic cycle, every institutional initiative and in careers, we build for our students. We hope to sustain excellence not only for ourselves but for all the stakeholders concerned.”
Stephanie M. Bryant, Executive Vice-President and Chief Accreditation Officer, AACSB International, commended the initiatives with this appraisal, “We congratulate ICFAI Business School, Hyderabad and Prof. Venkata Seshaiah Sakalya, Director and Head of the business school, on earning this accreditation and applaud the entire team, the administration, faculty, staff, and students, for their roles in earning this respected honour. AACSB accreditation recognises institutions that have demonstrated a focus on excellence in all areas, including teaching, research, curriculum development and student learning.”
Thasil Pet, Bethamcherla in Andhra Pradesh is home to Ms. Buggana Yasaswini. She completed her SSC from a school in her native place and proceeded to the capital of the Telangana State to do her Intermediate. Upon completion, she went to Bengaluru to procure her B.Tech degree. Up until here, the story is common among students from the southern region of India. A twist in the tale comes when she joined ICFAI Business School, Hyderabad. She joined in the marketing and operations stream of her MBA and came out with a 7.45 GPA. Post completion, she was recruited by an MNC in Hyderabad where she draws a salary of 9 Lakhs per annum. She thanks her stars for the advice received from her peers in selecting IBS as her qualifying school and is a very grateful alumna.
Dr. Pritee Saxena, Director, IBS, Mumbai, was here in Hyderabad to assist in the admission process of the MBA students wishing to enroll in the school, post IBSAT. Associated with this organisation for over two decades, she elaborated on the admission process and the preparation that goes into it for common betterment. “Meticulous planning goes into the selection of the candidates. The process itself begins 4 months prior to the actual day of reckoning, the GDPI (Group discussions and Personal Interview) sessions. We have perfected it after years of conducting the same and in the process ensure that nothing is out of place when the delegates arrive seeking admission.” Asked about students’ choice of campus, she had this to say, “Students come with a predetermined selection of campus but all of it will fall in place only after proper evaluation of their scores in School, Intermediate and Graduation plus the evaluation of their performance in the GDPI concourse.”
IBS is a much sought after institute à cause de campus placements program, a little before completion of the course. Banking conglomerates, being the mainstay, make a beeline to the institution to secure the best of the lot. There are flagship companies associated for ages with the campuses in the placement sessions but a new percentage of 35% are added each year in recruitments. Salary packages ranging from 6.5 Lakhs per annum to 20 Lakhs is the average seen last year and it is destined to grow two folds this year onwards, following the AACSB accreditation.