Indian Business School Gains AACSB Board Seat, Signaling Shift in Global Accreditation

Event summary

  • Varun Nagaraj, Dean of S.P. Jain Institute of Management & Research (SPJIMR), has been appointed to the AACSB Board of Directors.
  • This marks the first time a representative from an Indian business school has served on the AACSB Board.
  • Nagaraj will represent the Asia Pacific region and his three-year term begins July 1, 2026.
  • SPJIMR is ranked #35 globally and among the Top 3 in India by the Financial Times MiM rankings.

The big picture

The appointment of Varun Nagaraj to the AACSB Board signifies a subtle but important shift in the global business education landscape, acknowledging the growing importance of the Asia Pacific region. Historically dominated by Western institutions, AACSB’s move to include an Indian representative suggests a recognition of the need for diverse perspectives in shaping the future of business education. This could lead to adjustments in accreditation criteria and a greater emphasis on regional nuances in curriculum development.

What we're watching

Governance Dynamics
The influence of Nagaraj’s perspective on AACSB’s strategic direction, particularly regarding accreditation standards for institutions in emerging markets, warrants close observation.
Regional Shifts
Whether this appointment signals a broader trend of increased representation from Asia Pacific institutions within global accreditation bodies and standards organizations.
Competitive Landscape
How SPJIMR leverages this visibility to enhance its reputation and attract students and faculty, potentially impacting the competitive landscape among Indian business schools.