Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Which accreditations distinguish the best MBA programmes?

02.12.2011
Business Schools with the "Triple Crown" are the elite schools

Accreditation plays a central role in selecting the right MBA programme, and serves as an important decision criterion for future MBA students. It offers executives a qualitative validation of an extensive time and financial investment in their personal and career development. With such a variety of different MBA programmes, it is not always easy for prospective students to understand the differences between MBA programmes and to compare the marketing messages from the business schools.

International MBA accreditations offer the only independent way to evaluate the academic quality and professional relevance of the study. When evaluating a business school the internationally recognised EQUIS (Europe), AACSB (USA) and AMBA (UK) accreditations are important. The accreditation bodies assess business schools in a fixed cycle, normally every three to five years, and if the process is successful, the accreditation guarantees the high quality of the business school’s management training. AACSB assesses the entire university or institution, EQUIS the business school and AMBA assesses the individual study programmes.

"An institution, which was evaluated highly only by the media in a national or international ranking, offers no independent guarantee of the quality of the MBA programme," says Tristan Sage, who is academic advisor at The Open University Business School in Munich. The selection criteria of the business newspaper rankings seem to vary from year to year and are set by the media for their own rankings. "As opposed to accreditation, a top ranking does not necessarily guarantee the quality of the curriculum at the MBA," says Sage. Only the seal of approval from respected and independent international accreditation bodies gives a business school the international credibility. They offer prospective students a reliable list of universities that offer a modern management training, which managers can implement immediately in their professional lives. Tristan Sage advises prospective students to check whether the accreditation applies not only to the partner school and if it is still valid. The recertification of a business school is not done automatically. For example, the EFMD EQUIS certification always sets the bar a little higher so they can evaluate the university’s dynamisation process on new economic or social developments. "A school that remains on the same quality level as five years ago, is hardly re-accredited for another five years," are the rules of the EFMD. A business school that does not work constantly on the curriculum can lose the EQUIS accreditation easily. The Open University Business School, which has recently updated its MBA modules with a new structure is one of the few universities that have the three international MBA accreditations - EQUIS, AACSB and AMBA. The Open University is also the only university that specialises in a tutor supervised distance learning. In Germany there is so far only one German triple accredited business school in Mannheim. Worldwide, only a little more than one per cent of all business schools passed the successful testing by those three accreditation organisations, also named Triple Crown.

National accreditations with different quality requirements are governing the legal status of a business school in the certain country. This does not necessarily mean that the awards of the schools are also recognised internationally. The MBA degree from a British university, such as from The Open University is recognised in Germany and internationally. As the MBA degree is a highly regarded international one, universities should also have their quality measured and checked within the strict international criteria, says Tristan Sage.

Further information: The Open University Business School Representation, Tristan Sage, Zeppelinstraße 73, 81669 München, Tel. 0049/ 89/ 89 70 90 48, E-Mail: T.Sage@open.ac.uk or http://www.open.ac.uk/germany

Beatrix Polgar-Stüwe | idw
Further information:
http://www.open.ac.uk/germany

Further reports about: AACSB AMBA Business School Business Vision EFMD Germany MBA Triple Crown business schools elite schools

More articles from Science Education:

nachricht Starting school boosts development
11.05.2017 | Max-Planck-Institut für Bildungsforschung

nachricht New Master’s programme: University of Kaiserslautern educates experts in quantum technology
15.03.2017 | Technische Universität Kaiserslautern

All articles from Science Education >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Can we see monkeys from space? Emerging technologies to map biodiversity

An international team of scientists has proposed a new multi-disciplinary approach in which an array of new technologies will allow us to map biodiversity and the risks that wildlife is facing at the scale of whole landscapes. The findings are published in Nature Ecology and Evolution. This international research is led by the Kunming Institute of Zoology from China, University of East Anglia, University of Leicester and the Leibniz Institute for Zoo and Wildlife Research.

Using a combination of satellite and ground data, the team proposes that it is now possible to map biodiversity with an accuracy that has not been previously...

Im Focus: Climate satellite: Tracking methane with robust laser technology

Heatwaves in the Arctic, longer periods of vegetation in Europe, severe floods in West Africa – starting in 2021, scientists want to explore the emissions of the greenhouse gas methane with the German-French satellite MERLIN. This is made possible by a new robust laser system of the Fraunhofer Institute for Laser Technology ILT in Aachen, which achieves unprecedented measurement accuracy.

Methane is primarily the result of the decomposition of organic matter. The gas has a 25 times greater warming potential than carbon dioxide, but is not as...

Im Focus: How protons move through a fuel cell

Hydrogen is regarded as the energy source of the future: It is produced with solar power and can be used to generate heat and electricity in fuel cells. Empa researchers have now succeeded in decoding the movement of hydrogen ions in crystals – a key step towards more efficient energy conversion in the hydrogen industry of tomorrow.

As charge carriers, electrons and ions play the leading role in electrochemical energy storage devices and converters such as batteries and fuel cells. Proton...

Im Focus: A unique data centre for cosmological simulations

Scientists from the Excellence Cluster Universe at the Ludwig-Maximilians-Universität Munich have establised "Cosmowebportal", a unique data centre for cosmological simulations located at the Leibniz Supercomputing Centre (LRZ) of the Bavarian Academy of Sciences. The complete results of a series of large hydrodynamical cosmological simulations are available, with data volumes typically exceeding several hundred terabytes. Scientists worldwide can interactively explore these complex simulations via a web interface and directly access the results.

With current telescopes, scientists can observe our Universe’s galaxies and galaxy clusters and their distribution along an invisible cosmic web. From the...

Im Focus: Scientists develop molecular thermometer for contactless measurement using infrared light

Temperature measurements possible even on the smallest scale / Molecular ruby for use in material sciences, biology, and medicine

Chemists at Johannes Gutenberg University Mainz (JGU) in cooperation with researchers of the German Federal Institute for Materials Research and Testing (BAM)...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Plants are networkers

19.06.2017 | Event News

Digital Survival Training for Executives

13.06.2017 | Event News

Global Learning Council Summit 2017

13.06.2017 | Event News

 
Latest News

Touch Displays WAY-AX and WAY-DX by WayCon

27.06.2017 | Power and Electrical Engineering

Drones that drive

27.06.2017 | Information Technology

Ultra-compact phase modulators based on graphene plasmons

27.06.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>