October 3, 2024: The NMIMS School of Business Management (SBM), Mumbai, has secured the prestigious EQUIS accreditation, setting a high-quality benchmark for business education in India. The EQUIS accreditation is awarded to the best B-schools internationally that demonstrate high academic standards and overall quality. SBM’s initiative, the Pravin Dalal School of Entrepreneurship & Family Business Management, also received this accreditation, underscoring the institution’s commitment to excellence in business education.
Dr Ramesh Bhat, Vice Chancellor, NMIMS University, commented: “Achieving EQUIS accreditation for the School of Business Management at NMIMS, Mumbai, is an important milestone. This recognition underscores our dedication to academic rigour, research, industry connections, and the development of socially conscious global business leaders. The achievement opens new avenues for international collaborations, enhances our ability to attract exceptional students and faculty, and ensures NMIMS SBM’s position as a leader in business education in India and globally. The EQUIS accreditation provides a framework for governance, establishes clear quality benchmarks, and aligns us with international best practices. This accreditation not only validates our current efforts but also encourages us towards even greater excellence in the future.”
The EQUIS accreditation is a testament to SBM’s dedication to academic and research excellence, social initiatives, and industry connections. The achievement also positions SBM as the first B-school embedded within a university in India to achieve the EQUIS accreditation. SBM is the seventh B-school accredited by EQUIS and only the second private B-school to receive this recognition.
Dr Justin Paul, Dean & Provost (Management Education), School of Business Management, said: “The EQUIS accreditation places NMIMS School of Business Management, Mumbai, among the top global business schools. It reflects our commitment to delivering a transformative learning experience, strengthened by industry partnerships and a focus on ethics and sustainability. This recognition will enhance our global standing, facilitate international collaboration, and expand academic and career opportunities for our students.”
The EQUIS accreditation offers several benefits, including global recognition of the School’s practices and programs and positioning it among the leading B-schools internationally. It acknowledges the School’s commitment to continuous quality improvement and facilitates access to international academic communities. The accreditation allows SBM to benchmark its performance against global institutions and enrich its learning ecosystem for students and faculty.
For students, the EQUIS accreditation affirms the School’s continuous quality improvement in providing education that meets global standards, offering enhanced learning opportunities and international exposure.
The EQUIS accreditation process evaluated SBM across key areas, including student quality, graduate outcomes, and industry connections. Strengths that contributed to this achievement include a rigorous admission process, diverse student profile, comprehensive academic pathways, and strong industry connections that prepare students for real-world challenges. SBM’s commitment to research and ethical practices was also noted as an integral part of its educational framework.