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MBA Accreditation Bodies & Tips

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Old 21-05-2010, 03:02 AM   #1
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MBA Accreditation Bodies & Tips

Prospective MBA students should also look for business schools whose programs are accredited by one of the 4 major accreditation bodies: AACSB, ACBSP, EQUIS and AMBA.

AACSB stands for the Association to Advance Collegiate Schools of Business. This American institution is widely regarded to be the leading business schools accreditation body in the world. It was founded in 1916. All the top business schools in America are accredited by AACSB.

ACBSP stands for Association of Collegiate Business Schools and Programs (ACBSP) . The ACBSP is the premier accrediting association for business schools and programs with a focus on teaching excellence. The association is focused on what occurs in the classroom while encouraging scholarly research.

EQUIS stands for European Quality Improvement System. Founded in 1997, it is managed by EFMD the European Foundation for Management Development. Unlike AACSB, the EQUIS accreditation extends beyond business schools and covers all programs offered by an institution from first degree to PhD.

AMBA stands for the Association of MBAs. It was founded in 1967 by a group of UK graduates of Wharton and Harvard. AMBA is more UK-centric whereas AACSB is more international.

Why is accreditation important?

It is a rigorous quality process used around the world to monitor, assess and evaluate the standards and quality of the education a student receives at a college, university or institution of higher learning. Accreditation status indicates that a college, university, institution, or program meets the standards of quality set by the accreditation organization, in terms of curriculum, faculty, school administration, libraries, financial strength, and student services.

In addition to accreditation, other factors that you would have to consider include:
1. Recognition of the university by your or potential employer
2. GMAT requirements, especially by the American universities
3. Fees
4. Type of MBA eg MBA with specializations, EMBA
5. Length of the program, usually between 12 to 24 months
6. Qualifications of the faculty teaching in the Singapore program
7. Classroom hours
8. Overseas study trips or overseas seminars
9. Assessment method
10. Thesis requirements
11. Profile of students
12. Quality of alumni
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Old 22-07-2010, 06:05 PM   #2
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Good info Samuel.
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Old 29-11-2010, 06:01 PM   #3
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Whilst there is no denying to the fact that Accredited MBA does offers significantly higher recognition than non-accredited MBA, we need to note that more accreditation does not necessarily equates better educational experience.
Accreditations are voluntary, business schools and universities focus and pursue specific accreditations that best serve their mission. Typically most public universities are research oriented and will pursue accreditation such as AACSB and AMBA which emphasis on research publications and citation. Private Universities which are more teaching oriented focusing on the learning outcome of its graduates will pursue accreditations such as ACBSP and EQUIS.

Each accreditation body is independent and has a specific set of benchmark and guideline that typically are representative of the peer consensus of the geographic region , thus renowned US MBAs are either AACSB or ACBSP accredited, whilst MBA in Europe are typically EQUIS Accredited and UK universities, AMBA accredited. Business schools with multiple accreditations are thus bounded by more regulations and requirements than those with only single or double accreditation.

Whilst most accreditations are focus on academic quality, different accreditation bodies places different emphasis on the varying criteria. It typically meant that the university with multiple accreditations might be constrained by these conflicting set of requirements and thus have their wings clipped, which might affects the delivery quality or program curriculum.

just my 2 cents worth
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Old 25-07-2011, 01:29 AM   #4
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Good I Like It..!!
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Old 11-08-2015, 11:32 PM   #5
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