EFMD Quality Improvement System

The EFMD Quality Improvement System (EQUIS) is a business school accreditation organization based in Brussels, Belgium. It provides accreditation for higher education institutions of management and business administration and is run by the European Foundation for Management Development.^[1] It is considered as one of the triple accreditation.

EQUIS has accredited 210 institutions in 45 countries around the world.^[2] In 2022, Equis suspended all higher education institutions in Russia from its ranking.^[3]

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] As of 2014, 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]

Notes and references

^ "EQUIS European Quality Improvement System" (PDF). FPH.vse.cz. Archived from the original (PDF) on 2014-07-14.
^ ^a ^b "EQUIS Accredited Schools". Archived from the original on February 27, 2017. Retrieved February 17, 2017.
^ "EQUIS Accredited Schools - EFMD Global". 2018-09-20. Retrieved 2022-09-13.
^ "European Quality Improvement System (EQUIS)". www.efmd.org/what-is-efmd/whos-who. Archived from the original on 2017-02-09. Retrieved 2014-11-18.
^ "EFMD Global Staff - EFMD Global". 24 June 2019.
^ "Andreas Kaplan: European Management and European Business Schools: Insights from the History of Business Schools". European Management Journal. 32: 529–534. doi:10.1016/j.emj.2014.03.006.
^ "???". Mba-news.net. 5 February 2014. Archived from the original on 11 July 2014.
^ "European Quality Improvement System (EQUIS)" (PDF). 18 November 2014. {{cite journal}}: Cite journal requires |journal= (help)^{[permanent dead link]}