Organization:EFMD Quality Improvement System

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Short description: International school accreditation system
The logo of the EQUIS

The EFMD Quality Improvement System (EQUIS) is an international school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development (EFMD).[1] EQUIS has accredited 210 institutions in 45 countries around the world.[2] In 2022, Equis suspended all the Russian institutions from its ranking.[3]

Scope of business school accreditation for AACSB, EQUIS and AMBA
Number of schools worldwide with single, double and triple (AACSB-AMBA-EQUIS) accreditation in 2023

History

EQUIS' directors in 2018 were Ulrich Hommel and David Asch.[4] As of 2022, the EQUIS director is Alfons Sauquet.[5] In the past 20 years of existence, the organization has accredited 189 institutions in 45 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.[6] So far, all fully accredited EQUIS business schools applying for AACSB accreditation have succeeded, which has not been the case the other way.[7]

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).[8]

See also

Notes and references

External links