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MBA Accreditation

In addition to the length of study and the different program contents, the accreditation of a business school can be seen as a not to be neglected decision criterion for the choice of an MBA or master's degree program.

A special quality mark

The accreditation is always issued only by the official side and confirms the high quality of the training institution or a special program. Accreditations are given either to a business school or to individual study programs. Before an accreditation is awarded, the respective school or a specific course of course is of course examined intensively and must meet all the requirements of the test center.

Regular control

However, it does not stop at a one-off examination: The school, the MBA or master's program will be closely examined for quality assurance in the following years to ensure that it remains the same. With an accredited program, it can be assumed that the educational institution, program and teachers have a high standard.

A seal of approval based on a worldwide comparison

Accreditations are carried out in a standardized manner and make the program and its contents transparent. At the same time, it is easier to compare with other international programs.

Accreditations for private training institutes

In addition to the seal of approval for programs and public educational institutions, there are also those for private universities. The award is made, for example, by the Science Council, which ensures that the teaching and research offered at the relevant university adheres to recognized scientific standards. In addition, the material and staffing of the respective university is checked.

What should you look out for in accreditations?

Selected institutions in different countries are responsible for the accreditation of study programs. Normally, these were assessed by the Accreditation Council. For courses outside the EU, you should get a little more information. If the selected MBA or master program has accreditation from the 4 agencies listed below, then the title should be available across the EU. With other accreditation agencies, it is highly recommended to consult the responsible Ministry of Education in advance. In practice, it unfortunately happens time and again that degrees from so-called “top business schools” are not permitted in the EU.

Special situation in Switzerland

Swiss state universities are generally unproblematic. At a private university, you should definitely pay attention to individual accreditation.

Good to know

Accreditation should not only be considered an important aspect when choosing an MBA or master's degree - the quality seal can also play a role in the application to a future employer.

The 4 best known and most respected accreditation agencies worldwide

AACSB (The Association to Advance Collegiate Schools of Business / USA)

The AACSB is recognized by the United States Department of Education and provides accreditation in the areas of business and accounting. It accredits institutions worldwide as a whole and not the individual programs. Every program of an AACSB-accredited university is of high quality. The AACSB enjoys the highest international reputation. Of the 500 or so institutions accredited by the AACSB, more than 60 are located outside the United States. The only German institutions so far accredited by the AACSB are the University of Mannheim and the HHL - Leipzig Graduate School of Management. More information can be found at: http://www.aacsb.edu

AMBA (Association of MBAs / GB)

Unlike the AACSB, the English AMBA evaluates individual MBA programs. This can lead to a full-time program of a business school being accredited by AMBA, but the part-time program not. AMBA is also accredited outside the UK. Around 90 programs are now allowed to carry the AMBA seal of approval. More information can be found at: http://www.mbaworld.com

EQUIS (European Quality Improvement System)

EQUIS is an accreditation launched in 1997 by the European Foundation for Management Development (EFMD) in Brussels. The initiative was supported by the Commission of the European Union; the drafting took place in close cooperation with the already existing national and European accreditation institutions such as B. the FIBAA instead. More information can be found at: http://www.efmd.org

FIBAA (Foundation for International Business Administration Accreditation)

FIBAA, founded in 1994 by five business associations from Germany, Austria and Switzerland, is responsible for evaluating MBA or master programs in German-speaking countries. Anyone planning to do an MBA or master's degree there should check whether the program they have chosen bears the FIBAA seal. If you have an MBA or Master's degree from a state university in Europe or Australia (Commonwealth Contracts) and have received academic recognition from it, you do not need this accreditation because you already have academic recognition due to the Bologna Contracts.