Management education is currently at its peak in terms of popularity. There are about 6 500 management institutes in India itself. There are a considerable lot of students opting for MBA/PGDM courses at various B-schools. However, there often needs to be more clarity among students about B-schools being recognized by the All India Council for Technical Education (AICTE).
In this blog, we share with you everything that you need to know about AICTE and how B-schools earn AICTE accreditation.
WHAT IS AICTE?
AICTE is a national-level council legal body for technical education. It was established in 1945 and was initially considered an advisory body and later given statutory status by an Act of Parliament in the year 1987. Currently, there are more than 10,000 AICTE approved institutes in India offering technical education programmes.
There are about 383 AICTE-approved Institutions in Telangana. In the financial year 2021, about 4,069 AICTE-approved institutes had undergraduate courses across India. Furthermore, there were almost five thousand approved educational institutes with postgraduate courses in that year. India had 56 of the best universities in the world as per the Times Higher Education World University Rankings 2020
IMPORTANCE OF AICTE APPROVAL
The All India Council for Technical Education (AICTE) is responsible for developing and regulating technical education in India. AICTE must recognize a B-school to offer technical or management courses.
Students who complete PGDM from an AICTE-approved B-School get better job opportunities within and outside the country. Consequently, numerous companies prefer to have MBA/ PGDM from B-schools that have AICTE accreditation. In addition, an AICTE-approved MBA/ PGDM program allows the student to get a better chance for a government job in the public sector in India.
Factors Considered During Accreditation
There are various factors that play a role in providing accreditation to the best business school, which includes the institution’s program offerings and the faculty caliber (measured by their credentials, experience, and research output). Alongside this, students also need to check academic infrastructure, placement statistics, internationalization, tuition costs, and, most importantly, accreditation standards.
The adoption of innovative pedagogy, faculty research, availability of academic resources, knowledge creation, and quality of graduates who are ready for the workplace are all considered during the accreditation by reputable national and international bodies.
Business Developments
The importance of accreditation in selecting the best management college is vital. Accreditation offers data on the value of student employability, education, and credit transfer. Accreditation is provided on the basis that the institute adheres to best practices in developing its curriculum and the upkeep of its facilities, enabling students to gain knowledge in their area of specialization.
Accreditation also assesses a B-school’s academic programs and confirms its dedication and integrity in providing its pupils with cutting-edge education. In order for the education provided to remain relevant, B-schools must match current business developments. As a result, accreditation is essential.
Various Miscellaneous Requirements
To maintain high educational standards, members of the accrediting bodies voluntarily evaluate higher education institutions, including teacher credentials, curriculum, and numerous other student services.
Accreditation helps educational institutions by making it easier for research to be published and for new courses to be offered, and to recruit top teachers. In addition, it increases information sharing, supporting research, and institutional growth.
The programs accredited by the National Board of Accreditation (NBA) promote international accreditation, global mobility, improved institutional reputation, presenting higher employability, and better opportunities.
Is VJIM Recognized by AICTE
Vignana Jyothi Institute of Management, Hyderabad, is approved by AICTE and accredited by the National Board of Accreditation (NBA) and the South Asian Quality Assurance System (SAQS). The Full-Time PGDM offered by VJIM is an MBA equivalent that aims to create holistic managers, synthesizing conventional and modern management thinking with a global outlook. VJIM equips students with core business skills together with the ability to manage their work creatively and strategically. The course structure at VJIM is continuously updated in line with the changing needs of the modern business world.
Conclusion
In a fast-paced world, the educational sector is becoming more dynamic. While it is not compulsory for B-schools to be recognized by the AICTE, it is recommended that students opt for a B-school that the AICTE recognizes as an accreditation that requires a lot of work, patience, and effective management.
Many factors play into whether or not a business school is recognized by the All India Council for Technical Education (AICTE). Some of these include the quality of the school’s faculty, the facilities, and infrastructure of the school, the placement record of the school’s graduates, the accreditation status of the school itself, and the curriculum offered by the school.
These factors are important in determining whether or not a business school is up to par with other institutions in India. AICTE recognition is a sign that a school is meeting all of these standards and is thus considered one of the country’s best.
Additionally, students who complete their PGDM through accredited institutions have certification approved by the government and are preferred by many companies.