IIM Calcutta to Seek International Accreditation

IIM Calcutta to Seek International Accreditation

The Indian Institute of Management Calcutta is planning to get international accreditation from leading American and European agencies that rate business schools. This decision was taken during its 184th BoG Meeting held at the Joka campus. According

to the proceeding of the board meet, IIM-C will seek certificates from renowned American agency, the Association of Advanced Collegiate School of Business (AASCB) and European Foundation of Management Development (EFMD), which hands out the prestigious European Quality Improvement System (EQUIS) label.

Till April 2008, nearly 550 institutions have been accredited by the AASCB, of which 96 are outside the USA. Over 110 institutes have been accredited by EFMD in 33 countries till June 2008.

"The international accreditation will help us gain better global access and aid us in forming alliances with international institutes," said IIM-C's Chief Administrative Officer, Mr. Dinesh Varma. "It's a time-consuming process but we want to start it now," he added. The accreditation will also help the institute attract more foreign students and tie-ups with universities abroad. "We hope to set the ball rolling soon," added Mr. Varma.

Besides, the board also reviewed the strategic plan made last year like review of curriculum, augmentation of faculty and campus modernization. For 2008-09, IIM-C will focus on five important areas, which includes campus expansion and development programme, international accreditation leading to global reaches and increasing the faculty to meet the increase in the intake of student.

IIM-C also wants to develop its alumni outreach "so that we can mutually benefit". The institute is going to support its faculty to go for research programmes and so forth to facilitate them to get away from routine administration work.

In order to plan the fund flow and for financial planning to take care of our expansion plans, pay commission payments, etc., a two-member committee, comprising external board member, Shri Roopen Roy, and IIM-C faculty, Prof. Ashish K. Bhattacharya will look into all aspects. "They will submit their report in October during our next board meeting," said Varma.

The Silver Lining: This year IIM-C has admitted 14 Students in its FPR Programme. This happens to be the highest in recent years. It is important that new business schools are coming up in good numbers, and since more students would be admitted through OBC quota, IIM-C would also require extra teachers. All these would lead excessive demand of quality faculty. FPR Chairman presented his plans to attract students to study in fellowship programmes.

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Contributed by -
Aloke Guin,
PRO,
IIM Calcutta.

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