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process
The accreditation process is different for all three. For AMBA, which focuses only on MBAs, the applicant school must have sufficient experience running the program — at least 10 years with a minimum cohort size of 21. Most teaching faculty must have a PhD and students must have average work experience. Ideally a minimum of three years. Other criteria that AMBA looks for is a broad, healthy diversity in the cohort, including a male-female mix. “In India it is about 24%, which is an outlier compared to the rest of the world. Earlier it was 90% male to 10% female,” said Andrew Main Wilson, CEO, AMBA. Recently, the Miami Business School in the US was assessed, and this is Wilson’s 254th AMBA accreditation.
“We have brought a team of four assessors, one local and three international. They bring with them accreditation experience around the world. Since AMBA focuses specifically on MBAs, it details the MBA program, judged by Classic International. Mann,” adds Wilson.
AACSB and EQUIS on the other hand accredit the entire institute. Both offer a comprehensive institutional accreditation system for business and management schools, recognized by prospective students, faculty, employers and corporates worldwide. EQUIS accreditation ensures a rigorous quality control, benchmarking the school against global standards in governance, programs, students, faculty, research, internationalization, ethics, responsibility and sustainability, as well as engagement with the world of practice. It covers the activities of the school including degree and non-degree programmes, knowledge creation and contribution to the community.
The AACSB accreditation process includes internal evaluation of the school as well as an external peer review by heads of accredited B-schools. “Policy-based and outcomes-focused, our standards can be applied in a variety of contexts, and aim to promote relevance and innovation-specificity in each accredited school,” said AACSB President and CEO Karyn Beck-Dudley. A school seeking AACSB accreditation must first join the Business Education Alliance as an academic member of AACSB and confirm the scope of programs to be reviewed. All programs in business disciplines offered by the institution are included in the review (referred to as institutional accreditation). The school then submits an eligibility application and prepares an initial self-assessment report. Once the eligibility application is approved by the initial accreditation committee, a volunteer dean from an AACSB-accredited school is assigned as a mentor. S/he engages in self-evaluation with the applicant school to determine its current alignment with accreditation standards, and assists in the development of a plan to close gaps in the form of an initial self-evaluation report and its implementation. Plan on the next progress report.
Once the committee is satisfied that the school meets the standards, the latter is invited to submit a final self-evaluation report. A team of three peers reviews the final report and conducts a pre-vision analysis, which is reviewed and approved and sent to the school. The peer review team also provides a visit report to the applicant school. Finally, the recommendation or denial of accreditation is approved by the initial accreditation committee and forwarded to the AACSB Board of Directors for approval.
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