Triple accreditation

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Triple accreditation (or Triple Crown accreditation) is the combination of accreditations awarded to 89 business schools worldwide as of May 2018 (up from 74 in May 2016) by the three largest and most influential business school accreditation organizations:

AACSB - The Association to Advance Collegiate Schools of Business (United States)
AMBA - The Association of MBAs (United Kingdom)
EQUIS - EFMD Quality Improvement System (European Union)

Of the 13,670 schools offering business degree programs worldwide, only 89 have triple accreditation as of May 2018.

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)".

Video Triple accreditation

Differences in accreditation

Each of the three institutions assesses a business school according to different criteria and scope:

Scope of accreditation

AACSB has the broadest scope, as it accredits management and accounting programs at the entire university (e.g. management programs at the business school and the school of engineering) and grants university-wide accreditation.

AMBA has the most focused scope as it accredits only the business school's portfolios of MBA programs (full-time, part-time, executive, distance-learning), MBM programs (including MSc International Management) and DBA (also known as DMgt in China).

EQUIS's scope ranks in the middle, as it accredits the business school but not the university and not specific portfolios of programs.

Duration of the accreditation process

AACSB: 2-7 years

AMBA: 9-18 months

EQUIS: 2-3 years

Reaccreditation

AACSB: full re-accreditation every 5 or 10 years (the 10-year accreditation is being phased out)

AMBA: full re-accreditation every 3 or 5 years (1-year accreditation is a possible outcome of reaccreditation in exceptional circumstances)

EQUIS: full re-accreditation every 3 or 5 years

School audit team

AACSB's peer review team includes deans and business school administrators.

AMBA's assessment team includes deans, associate deans, program directors and one AMBA representative.

EQUIS's team includes three deans and one corporate representative.

Evaluation report content

AACSB's report reflects compliance with the AACSB standards

AMBA's report includes compliance with criteria, conditions and recommendations

EQUIS's report reflects compliance with the EQUIS standards

Criteria/Standards size

AACSB: 77 pages for Business Accreditation; 36 pages for Accounting Accreditation

AMBA: 24 pages (9 pages for MBA; 9 pages for MBM; 6 pages for DBA)

EQUIS: 71 pages

Quantitative vs Qualitative

AACSB has more quantitative criteria (checklists)

AMBA has more qualitative criteria

EQUIS is in the middle (between AACSB and AMBA)

Internationalization

AACSB conducts the evaluation against the school's own mission, so AACSB has no internationalization requirement unless internationalization is part of the school's mission.

AMBA has internationalization criteria for research, curriculum and student enrolment. However, these are reviewed in a regional context for less internationalized regions (e.g. Latin America and Russia).

EQUIS has strict requirements on internationalization.

Faculty numbers

AACSB: prescribed faculty ratios (AQ/PQ ratio)

AMBA: no prescribed faculty-to-students ratio

EQUIS: prescribed minimum numbers of faculty

Visiting faculty

AACSB disapproves of heavy use of visiting faculty.

AMBA allows the visiting faculty model, as long as the visiting faculty are managed by the core faculty (and as long as the quality and course content is monitored).

EQUIS disapproves of heavy use of visiting faculty.

Research

AACSB requires research in line with the mission of the school.

AMBA requires research and publications in international refereed journals or proof of impactful research at national level.

EQUIS requires research with an international dimension.

Program-specific criteria
AACSB has no program-specific standards since it evaluates the entire university.

AMBA has program-specific criteria such as:
- 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;
EQUIS has some program-specific standards in the context of the evaluation of the entire business school.
Accreditation fees

AACSB: 47,000 USD for initial business accreditation (or 63,500 USD for both business and accounting accreditation). In addition, an annual business accreditation fee is charged: 4,500 USD annually for a 5-year accreditation cycle or 2,500 USD annually for a 10-year accreditation cycle.

AMBA: 22,000 GBP for initial accreditation or 15,000 GBP for re-accreditation.

EQUIS: 52,800 EUR for a 5-year initial accreditation or re-accreditation and 46,200 EUR for a 3-year initial accreditation or re-accreditation.

Maps Triple accreditation

Schools

There are 87 triple-accredited schools based in 33 countries and territories as of March 2018:

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
Insper, São Paulo

Canada

HEC Montreal, Montreal
Telfer School of Management, University of Ottawa, Ottawa

Chile

Adolfo Ibáñez University, Santiago

China

School of Business, Hong Kong Baptist University
Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai
Lingnan (University) College, Sun Yat-sen University, Guangzhou
Sun Yat-sen Business School, Sun Yat-sen University, Guangzhou
School of Economics and Management, Tongji University
University of International Business and Economics
Zhejiang University

Costa Rica

INCAE Business School, Alajuela

Colombia

Universidad de los Andes, Facultad de Administración, Bogota

Denmark

Copenhagen Business School, Copenhagen
Aarhus University BSS, Aarhus

Egypt

American University in Cairo, Cairo.

Finland

Aalto University School of Business, Helsinki
Hanken School of Economics, Helsinki and Vaasa

France

Audencia Nantes, Nantes
EDHEC (École des hautes études commerciales du nord), Lille & Nice
EMLYON Business School, Lyon
ESSCA School of Management, Angers, Paris, Shanghai, Budapest, Lyon, Bordeaux and Aix-en-Provence
ESSEC Business School, Paris, Cergy, Singapore, Rabat, Mauritius
ESC Rennes School of Business, Rennes
ESCP-Europe (École supérieure de commerce de Paris -- Europe), Paris
Grenoble School of Management, Grenoble
HEC Paris (Ecole des Hautes Etudes Commerciales), Paris
IÉSEG School of Management (Lille, Paris)
INSEAD (Institut Européen d'Administration des Affaires), Fontainebleau & Singapore
KEDGE Business School, Bordeaux and Marseille
NEOMA Business School, Rouen and Reims
Toulouse Business School, Toulouse
Skema Business School, Sophia Antipolis, Lille, Paris, Raleigh (NC, USA), Souzhou (China), Belo Horizonte (Brasil)

Germany

ESCP Europe, Berlin
European School of Management and Technology, Berlin
Mannheim Business School, Mannheim
TUM School of Management, Munich

India

Indian Institute of Management Calcutta

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, Guadalajara and Mexico City.
Instituto Tecnológico Autónomo de México, Mexico City.

The Netherlands

Netherlands

Maastricht University, School of Business and Economics, Maastricht
Rotterdam School of Management, Erasmus University Rotterdam, Rotterdam
University of Amsterdam, Amsterdam Business School, Amsterdam

New Zealand

University of Auckland Business School, Auckland
University of Waikato Faculty of Management, Hamilton
Victoria University of Wellington, Victoria Business School, Wellington

Nicaragua

INCAE Business School

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
[IBS - ISCTE Business School, http://ibs.iscte-iul.pt], Lisbon

Singapore

Lee Kong Chian School of Business, Singapore

Slovenia

FELU - Faculty of Economics, Ljubljana

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

Sweden

School of Business, Economics and Law, Gothenburg

Switzerland

IMD Lausanne

USA

United States

Hult International Business School, Campuses in Boston and San Francisco. International campuses in London, Shanghai, and Dubai

UK

United Kingdom

Adam Smith Business School, University of Glasgow, Glasgow
Alliance Manchester Business School, University of Manchester, Manchester
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
University of Exeter Business School, University of Exeter, Devon
Henley Business School, University of Reading, Henley-on-Thames and Reading
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
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

SKEMA gets AMBA accreditation and triple crown - SKEMA Business School

src: www.skema.edu

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 a (small) number of top business schools choose not to allocated the work resource and incur the financial cost required for 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 some top US business schools: Harvard Business School, Wharton, Stanford GSB, Columbia Business School, Chicago Booth, Tuck School of Business, etc., which do not meet AMBA's mandatory three-year student-work-experience requirement for all MBA students.

A third reason is that most of 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.

AMBS in top 1% with triple accreditation | Alliance MBS

src: www.mbs.ac.uk

References

Source of the article : Wikipedia

Minggu, 24 Juni 2018