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: Fizzy soda water could be key to clean manufacture of flat wonder material: Graphene

Whether you call it effervescent, fizzy, or sparkling, carbonated water is making a comeback as a beverage. Aside from quenching thirst, researchers at the University of Illinois at Urbana-Champaign have discovered a new use for these "bubbly" concoctions that will have major impact on the manufacturer of the world's thinnest, flattest, and one most useful materials -- graphene.

As graphene's popularity grows as an advanced "wonder" material, the speed and quality at which it can be manufactured will be paramount. With that in mind,...

Im Focus: Exotic quantum states made from light: Physicists create optical “wells” for a super-photon

Physicists at the University of Bonn have managed to create optical hollows and more complex patterns into which the light of a Bose-Einstein condensate flows. The creation of such highly low-loss structures for light is a prerequisite for complex light circuits, such as for quantum information processing for a new generation of computers. The researchers are now presenting their results in the journal Nature Photonics.

Light particles (photons) occur as tiny, indivisible portions. Many thousands of these light portions can be merged to form a single super-photon if they are...

Im Focus: Circular RNA linked to brain function

For the first time, scientists have shown that circular RNA is linked to brain function. When a RNA molecule called Cdr1as was deleted from the genome of mice, the animals had problems filtering out unnecessary information – like patients suffering from neuropsychiatric disorders.

While hundreds of circular RNAs (circRNAs) are abundant in mammalian brains, one big question has remained unanswered: What are they actually good for? In the...

Im Focus: RAVAN CubeSat measures Earth's outgoing energy

An experimental small satellite has successfully collected and delivered data on a key measurement for predicting changes in Earth's climate.

The Radiometer Assessment using Vertically Aligned Nanotubes (RAVAN) CubeSat was launched into low-Earth orbit on Nov. 11, 2016, in order to test new...

Im Focus: Scientists shine new light on the “other high temperature superconductor”

A study led by scientists of the Max Planck Institute for the Structure and Dynamics of Matter (MPSD) at the Center for Free-Electron Laser Science in Hamburg presents evidence of the coexistence of superconductivity and “charge-density-waves” in compounds of the poorly-studied family of bismuthates. This observation opens up new perspectives for a deeper understanding of the phenomenon of high-temperature superconductivity, a topic which is at the core of condensed matter research since more than 30 years. The paper by Nicoletti et al has been published in the PNAS.

Since the beginning of the 20th century, superconductivity had been observed in some metals at temperatures only a few degrees above the absolute zero (minus...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Call for Papers – ICNFT 2018, 5th International Conference on New Forming Technology

16.08.2017 | Event News

Sustainability is the business model of tomorrow

04.08.2017 | Event News

Clash of Realities 2017: Registration now open. International Conference at TH Köln

26.07.2017 | Event News

 
Latest News

A Map of the Cell’s Power Station

18.08.2017 | Life Sciences

Engineering team images tiny quasicrystals as they form

18.08.2017 | Physics and Astronomy

Researchers printed graphene-like materials with inkjet

18.08.2017 | Materials Sciences

VideoLinks
B2B-VideoLinks
More VideoLinks >>>