The EFMD Quality Improvement System (EQUIS) is an international

school accreditation Educational accreditation is a quality assurance process under which services and operations of educational institutions or programs are evaluated and verified by an external body to determine whether applicable and recognized standards are met. ...

system. It specializes in higher education institutions of

management Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities o ...

and

business administration Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...

, run by the

European Foundation for Management Development The European Foundation for Management Development (EFMD) is an international not-for-profit association based in Brussels. Europe's largest network association in the field of management development, it has over 890 member organizations from academ ...

(EFMD). EQUIS has accredited 189 institutions in 45 countries around the world. In 2022, Equis suspended all the Russian institutions from its ranking. Scope_of_business_school_accreditation_for_the_three_main_global_accrediting_bodies_AACSB,_EQUIS_and_AMBA

Scope_of_business_school_accreditation_for_the_three_main_global_accrediting_bodies_AACSB,_EQUIS_and_AMBA

Number of schools with single, double and triple (AACSB-AMBA-EQUIS) accreditation outside North America

History

EQUIS' directors in 2018 were Ulrich Hommel and David Asch. As of 2022, the EQUIS director is Alfons Sauquet. In the past 20 years of existence, the organization has accredited 189 institutions in 45 countries.

Object of the accreditation

The accreditation is awarded to business schools based on general quality. The process also takes into account the business school's level of internationalization, which is not a strict requirement for accreditation by the other two major international accreditation bodies:

AACSB The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to ...

and

AMBA Amba or AMBA may refer to: Title * Amba Hor, alternative name for Abhor and Mehraela, Christian martyrs * Amba Sada, also known as Psote, Christian bishop and martyr in Upper Egypt Given name * Amba, the traditional first name given to the first ...

. So far, all fully accredited EQUIS business schools applying for AACSB accreditation have succeeded, which has not been the case the other way. EQUIS accreditation can be granted for three years (with annual progress reports on the areas of improvement required) or for five years (with a mid-term progress report on development objectives required).

Notes and references

External links

* School accreditors {{edu-org-stub

History

Object of the accreditation

See also

Notes and references

External links