Today, many universities and business schools give MBA degrees. How to make the right choice of a school? How to navigate in a sea of diverse, not always reliable information?
According to surveys of potential MBA programs listeners, which are regularly conducted by Begin Group company project, 47% of respondents consider school reputation one of the most important factors. Applicants confirm availability of school accreditation serves an important component of its image.
Both schools and individual programs may be considered accredited and relevant to international standards. If an institution is qualified to offer business education, this means all its programs meet standards. Following organizations involved in accreditation are best known: AACSB International (USA), AMBA (Europe), EQUIS (Europe) and ECBE (Europe).
Different countries also have national organizations that accredit schools and programs in terms of compliance with standards. For example, Middle States Association of Colleges and Schools is one of well-known institutions of this kind in the U.S.
Organizations providing services for accreditation of education:
• AACSB International (The Association to Advance Collegiate Schools of Business)
• AMBA (Association of MBAs)
• EQUIS (European Quality Improvement System)
• ECBE (European Council for Business Education)
• RABE (Russian Association of Business Education)
AACSB
AACSB International (The Association to Advance Collegiate Schools of Business) – the main U.S. organization operating in the said area. AACSB was created in 1916. Its goal is improving the quality of higher education in business administration and management. At this time, the Association accredited 426 organizations around the world.
Only nine of more than one hundred business schools in the UK are accredited by three leading organizations in the UK, Europe and the USA.