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MBA Accreditations

If you are like any other MBA candidates researching about Business schools then you might have come across terms like EQUIS, AMBA and AACSB. These are top three accreditation bodies based in Europe, UK and USA respectively.

What is a Business School Accreditation?

Accreditation is a process of certifying the competency and quality of the business school. It is a voluntary process and Business schools request accreditation bodies to initiate the process.

Association to Advance Collegiate Schools of Business (AACSB) started out as an accreditation body for US and Canada. Now it accredits Business Schools outside North America. AACSB accredits MBA courses based on the Business school’s ability to achieve excellence and continuous improvement.
 
European Quality Improvement System (EQUIS) is an accreditation system run by European Fund for Management Development (EFMD), based in Brussels, Belgium. Although EQUIS has a focus on Business schools in Europe, it is accrediting Business schools outside Europe.  In addition to MBA programs, EQUIS accreditations are based on all activities like executive education, research and e-learning facilities provided by the school.

Association of MBAs (AMBA), based in the UK, accredits individual MBA programs. Factors like quality of students, curriculum, faculty and the resources available with Business schools to achieve the purpose of an MBA are taken into consideration for the accreditation.

What is the difference between ‘Accredited member’ and ‘Member of an Accreditation body’?

MBA candidates should be very careful with schools claiming to be a member of an accreditation body. It is not the same as an ‘Accredited Member’. Business schools can become a member of an accreditation body without initiating an accreditation process.

Is Accreditations fool proof?

Accreditations set standards for evaluating the quality of education. But there are other factors like the culture of the school and the friends that you make which cannot be quantified with standards and processes. The non-faculty staff also plays a big role in your MBA journey.

Interact with Alumni to learn about the culture of the school

AACSB Accredited Business Schools
EQUIS Accredited Business Schools
AMBA Accredited MBA Programs




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