Accreditations & rankings are important for Business Schools to benchmark performance. The so-called Triple accreditation refers a business school that holds accreditation from the three leading associations. The associations are:
- AACSB - The Association to Advance Collegiate Schools of Business (based in Tampa, Florida, with an Asia office in Singapore) (recognised accreditation by CHEA)
- AMBA - The Association of MBAs (based in London) (private unrecognised accreditation)
- EQUIS - European Quality Improvement System (based in Brussels) (private unrecognised accreditation)
Of the 13,670 schools offering business degree programs worldwide, only 68 have triple accreditation as of December 2014. The diagram on the right shows the 55 triple-accredited schools outside of North America as of March 2012. Two triple-accredited schools are based in Canada and a further in Sheffield, UK not included in this diagram, bringing the worldwide total to 58. Most recently, Bradford University School of Management, UK has been added to this list.[E.g. for AACSB, the diagram interpretation is as follows: 53 schools are accredited only by AACSB; a further 7 are accredited by AACSB and AMBA; another 23 are accredited by AACSB and EQUIS; and 55 are accredited by all three accrediting bodies.]
A major reason for the small number of triple-accredited institutions in the world is the requirement of the Association of MBAs that AMBA-accredited business schools should only admit MBA applicants with at least three years of full-time post-graduation work experience. Some analysts claim that most top US business schools cannot meet this criterion as they sometimes (though rarely) admit applicants with only a bachelor's degree and little or no work experience. They claim that it is why triple-crown accreditation is pursued primarily by European institutions. However, it is not the case when some (former) triple accredited institutes, City University of Hong Kong for example, only require applicants having "relevant work experience is desirable (though not specifically required)".
Differences in accreditation
Each of the three institutions assesses a business school according to different criteria and scope:
- Scope of accreditation
- Duration of the accreditation process
- Reaccreditation
- School audit team
- Evaluation report content
- Criteria/Standards size
- Quantitative vs Qualitative
- Internationalization
- Faculty numbers
- Visiting faculty
- Research
- Program-specific criteria
- at least 3 years of full-time work experience for all admitted MBA students;
- at least 500 contact hours (scheduled class hours) for a full-time MBA curriculum and a minimum of 120 contact hours for a distance-learning MBA;
- at least 20 students enrolled in an MBA program;
- Accreditation fees
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Schools
There are 67 triple-accredited schools based in 27 countries and territories as of November 2012:
Argentina
- IAE Universidad Austral, Buenos Aires
Australia
- QUT Graduate School of Business, Queensland University of Technology
- Monash University
Austria
- Vienna University of Economics and Business, Vienna
Belgium
- Vlerick Leuven Gent Management School, Ghent
Brazil
- EAESP - Fundação Getúlio Vargas, São Paulo
Canada
- HEC Montreal, Montreal
- Telfer School of Management, University of Ottawa, Ottawa
China
- Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai
- Faculty of Business, The Hong Kong Polytechnic University, Hong Kong
- School of Business, The Hong Kong Baptist University, Hong Kong
- Sun Yat-sen Business School, Sun Yat-sen University
- Lingnan (University) College, Sun Yat-sen University
- Zhejiang University
Colombia
- Universidad de los Andes, Facultad de Administración, Bogota
Denmark
- Copenhagen Business School, Copenhagen
- Aarhus University BSS, Aarhus
Egypt
- The American University in Cairo, Cairo
Finland
- Aalto University School of Business, Helsinki
- Hanken School of Economics, Helsinki
France
- Audencia Nantes, Nantes
- KEDGE Business School - Created by BEM & Euromed Management
- EDHEC (École des hautes études commerciales du nord), Lille & Nice
- EMLYON Business School, Lyon
- ESCP-Europe (École supérieure de commerce de Paris -- Europe), Paris
- Grenoble School of Management, Grenoble
- HEC Paris (Ecole des Hautes Etudes Commerciales), Paris
- INSEAD (Institut Européen d'Administration des Affaires), Fontainebleau & Singapore
- NEOMA Business School - Created by Reims Management School & Rouen Business School
- Toulouse Business School, Toulouse
- ESC Rennes School of Business, Rennes
Germany
- ESCP Europe, Berlin
- European School of Management and Technology, Berlin
- Mannheim Business School, Mannheim
Ireland
- University College Dublin, Michael Smurfit Graduate School of Business/UCD Quinn School of Business, Dublin
Italy
- ESCP Europe, Turin
- SDA Bocconi School of Management, Milan
Mexico
- EGADE Business School, Tecnológico de Monterrey, Monterrey and Mexico City.
- Instituto Tecnológico Autónomo de México, Mexico City.
The Netherlands
- Maastricht University, School of Business and Economics, Maastricht
- Rotterdam School of Management, Erasmus University Rotterdam, Rotterdam
New Zealand
- University of Auckland Business School, Auckland
- University of Waikato Faculty of Management, Hamilton
- Victoria University of Wellington, Victoria Business School, Wellington
Norway
- BI Norwegian Business School
Peru
- CENTRUM Católica, Pontificia Universidad Católica del Perú, Lima
Poland
- Kozminski University, Warsaw
Portugal
- CATÓLICA-LISBON, School of Business & Economics, Lisbon
- Nova School of Business and Economics, Lisbon
South Africa
- University of Cape Town Graduate School of Business, Cape Town
- University of Stellenbosch Business School, Cape Town
Spain
- ESADE Business School and ESADE University Faculties, Barcelona
- ESCP Europe, Madrid
- IE Business School, Madrid
- IESE Barcelona
Switzerland
- IMD Lausanne
UK
- Adam Smith Business School, University of Glasgow, Glasgow
- Ashridge Business School, Berkhamsted
- Aston Business School, Aston University, Birmingham
- Birmingham Business School, University of Birmingham, Birmingham
- Bradford University School of Management, University of Bradford, Bradford
- Cass Business School, City University London, London
- Cranfield School of Management, Cranfield University, Bedfordshire
- Durham University Business School, Durham University, Durham
- University of Edinburgh Business School, Edinburgh University, Edinburgh
- ESCP Europe, London
- Henley Business School, University of Reading, Henley-on-Thames and Reading
- Hull Business School, University of Hull, Hull
- Imperial College Business School, London
- Lancaster University Management School, Lancaster University, Lancaster
- Leeds University Business School, University of Leeds, Leeds
- London Business School, London
- Loughborough University School of Business and Economics, Loughborough University, Loughborough
- Manchester Business School, University of Manchester, Manchester
- Newcastle University Business School, Newcastle University, Newcastle upon Tyne
- Open University Business School
- University of Sheffield Management School, University of Sheffield, Sheffield
- Strathclyde Business School, University of Strathclyde, Glasgow
- Warwick Business School, University of Warwick
Venezuela
- IESA, Caracas
Top schools without triple accreditation
Many of the world's top business schools are not triple-accredited, while several schools that appear low in the rankings have triple accreditation.
One reason for this is that some of the top business schools choose not to incur the financial cost of international accreditation and rely only on accreditation by their national accrediting body (usually the country's education ministry).
Another reason is that the top schools in some regions do not meet one or more of the detailed criteria of the accrediting institutions and choose not to amend their policy. Notable examples are all top US business schools: Harvard Business School, Wharton, Stanford GSB, Columbia Business School, Chicago Booth, etc., which do not meet AMBA's mandatory three-year student-work-experience requirement for all MBA applicants.
A third reason is that the 509 schools that have obtained AACSB accreditation in the US and Canada (either via the standard accreditation process or via the granting of accreditation based on their reputation as top schools) do not look outside of North America for further validation, such as through European or British accreditation.
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