Online MBA programs accredited - what role does accreditation play?
There are various accreditation bodies operating throughout the world. For a table of providers and their primary geographic areas of recognition click here.
Essentially, there are three main MBA accreditation bodies with global reach.
1) The Association to Advance Collegiate Schools of Business (AACSB) was formed in 1919 - that predates the inception of the MBA itself. The AACSB accredits both undergraduate and postgraduate programs and has a primary focus in the US.
AACSB accreditation criteria covers the quality of faculty and the research and teaching outputs. It also looks at the curriculum on offer and on what learning goals have been achieved by graduates.
2) EFMD Quality Improvement System (EQUIS) was formed in 1997. EQUIS covers more than 30 countries and focuses on institutions and in particular their quality standards, internationalisation, research and collaboration with commerce.
3) The Association of MBA's (AMBA) was established in 1967 and covers postgraduate business education. The original mandate was to raise the profile of business education with a particular focus in the UK and Europe.
AMBA is recognised in over 110 countries and has its own research centre. In its own words, AMBA states that 'our accreditation service is the global standard for all MBA programs'.
Unlike most other accrediting bodies, AMBA focuses on individual programs rather than whole institutions.