Academics

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Great Lakes Institute becomes youngest in India to receive prestigious AMBA International  Accreditation

Great Lakes Institute becomes youngest in India to receive prestigious AMBA International Accreditation

The Great Lakes Institute of management, Chennai has become the youngest and the 7th B school in India to receive the AMBA (Association of MBAs), UK accreditation. The institute has received accreditation for its flagship one year fast track PGPM program and its two year executive PGXPM program. With the prestigious achievement, the institute now has joined the league of some of the world’s renowned institutes such as INSEAD France, London Business School, HEC Paris, IIM Calcutta, who have received the accreditation in the past. Apart from Great Lakes, only 6 other institutes in India including IIM-C, IIM-L, MDI Gurgaon, SPJIMR have so far been accredited by AMBA.

Great Lakes Institute of Management
The weird phenomenon of B school students failing!

The weird phenomenon of B school students failing!

Of late I have been ruminating over a line that I came across, “Education is not a commodity”. When I analyse this statement in light of the business education that I am going through, I can’t help but disagree. Most people around me have come to college not only to gain knowledge or to get taught by a world-class faculty; rather they have come to a B-school in order to progress ahead in their careers- in order to go through a course that offers them a better job than what they were doing previously.  And they pay through their noses for the same. XLRI is a case in point where the batch of 2014 paid a cumulative fee close to Rs. 14 lakhs; the batch of 2015 is paying Rs. 17.5 lakhs while for the batch of 2016, the figure gets close to Rs. 19 lakhs. This is a 36% increase in a span of about three years. The story looks pretty similar in the IIMs. The only college of repute that is immune from this super-normal inflation is FMS- for reasons that need no explanation.

Anonymous Writer
Academics | InsideIIM