European Quality Improvement System
The EFMD Quality Improvement System (EQUIS) is a school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development (EFMD).[1] As of October 2014, EQUIS has accredited 149 business schools in 40 countries around the world.[2]
![](../I/m/Scope_of_business_school_accreditation_for_the_three_main_global_accrediting_bodies_AACSB%2C_EQUIS_and_AMBA.png)
![](../I/m/Number_of_schools_with_single%2C_double_and_triple_(AACSB-AMBA-EQUIS)_accreditation_outside_North_America.png)
History
EQUIS was created in 1997 under Gordon Shenton and the current director is Michael Osbaldeston.[3] In the past 17 years of existence the organization has accredited 149 institutions in 40 countries.[2]
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 and AMBA.[4] So far all fully accredited EQUIS business schools applying for AACSB accreditation have succeeded, which has not been the case the other way.[5]
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).[6]
See also
- Association of MBAs (AMBA)
- Association to Advance Collegiate Schools of Business (AACSB)
- List of EQUIS accredited institutions
- Triple accreditation
Notes and references
- ↑ "EQUIS European Quality Improvement System" (PDF). http://fph.vse.cz. External link in
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(help) - 1 2 "EFMD Awards EQUIS Accreditation to UIBE Business School & KU Leuven". European Foundation for Management Development. Retrieved October 1, 2014.
- ↑ "European Quality Improvement System (EQUIS)". http://www.efmd.org/what-is-efmd/whos-who. External link in
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(help) - ↑ "Andreas Kaplan: European Management and European Business Schools: Insights from the History of Business Schools, European Management Journal, 2014".
- ↑ "???". http://mba-news.net. 5 February 2014. External link in
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(help) - ↑ "European Quality Improvement System (EQUIS)" (PDF). 18 November 2014.