Nine Schools Re-accredited by EQUIS Business School Accreditation

EFMD would like to warmly congratulate the following schools who have recently been reaccredited by EQUIS:

“In my first year as a Dean with a novel young Board, it was very helpful and no less stressful to face EFMD's EQUIS re-accreditation process. It was a process that helped us involve the whole IAE Business School in a big project that has pushed us to be more consistent in our strategy, more clear in the connection between strategic initiatives and the School identity, and has triggered many difficult conversations that were necessary to address,” commented Rodolfo Rivarola, the Dean of IAE Business School. “After that, the peer review team helped us to think deeper and gave us a rich feedback -both the good we wanted to listen but also what help us to learn and grow.”

“We are extremely pleased with the achievement of the 5-year EQUIS accreditation. An achievement like this, only four years following the initiation of the merger, is an enormous accomplishment that can only be attributed to the enormous hard work and dedication of our faculty and staff. It testifies that our well-balanced strategic choices are appropriate and in line with the highest international academic standards and clearly evidences that NEOMA Business School has grown into a high quality well-established entity that proudly belongs to the 1% best business schools of the world,” said Frank Bostyn, the Dean of NEOMA.

Dipak Jain, the Dean of Sasin, commented on this achievement: “We are proud to receive our second EQUIS re-accreditation from EFMD. Since becoming the first business school in Thailand to receive EQUIS accreditation in 2011, Sasin has continued to emphasize and focus on the importance of academic excellence, business relevance, and social significance. These are the three pillars that serve as both the foundation and the ongoing aspiration of the school. This re-accreditation from EFMD is further recognition of Sasin's commitment to the continuous improvement of our programs, and the strategic vision for the future of our school.”

Nizar Becheikh, Interim Dean at the School of Business, AUC, added: “For almost seven decades, we have strived at the AUC School of Business to provide our students with a multicultural and diverse learning environment firmly rooted in the liberal arts education approach and featuring a wide range of rigorous and innovative undergraduate and graduate programs in Business, Economics and Accounting. The reaccreditation by EQUIS is a recognition of the cutting edge quality of our programs, the high caliber and practical relevance of our research, and the deep impact of our community and corporate engagement in Egypt, the Arab Region and beyond. It is also a clear vote of confidence in the AUC School of Business strategy, governance, and rigorous continuous improvement processes. We are proud to be part of 1% of leading business schools!”

Martin Schader, the EQUIS Director, added: “I would like to congratulate all the schools for a successful EQUIS re-accreditation. EQUIS accreditation ensures a rigorous quality improvement process, benchmarking the School against international standards in terms of governance, programmes, students, faculty, research, and foremost, internationalisation, ethics, responsibility and sustainability, as well as corporate engagement. There are currently no substitutes for such an in-depth assessment of quality and all the schools should be commended for their commitment to excellence.”

More information on EQUIS is available at

EQUIS Success Story: Tongji SEM

Tongji SEM
EQUIS 20th Anniversary - Blog Series

International Accreditation Boosts Tongji SEM’s Ranking of Master in Management 

In recent years, international accreditation has not only significantly improved teaching and research ability of the School of Economics and Management, Tongji University (Tongji SEM), but also effectively enhanced the international rankings and brand influence of the school.

In April 2016, after successfully obtaining the five-year EQUIS re-accreditation, Tongji SEM consecutively earned AACSB accreditation and AMBA re-accreditation, becoming one of the only four business schools in mainland China holding the three most prestigious global accreditations. 
Attaining these accreditations has helped to enhance the school’s recognition and qualified it for improved rankings by authoritative international ranking bodies.

In 2014, after obtaining EQUIS accreditation, Tongji SEM was ranked number 65 for the first time by Financial Times. This ranking body requires either EQUIS or AACSB accreditation. In 2014, Tongji SEM was one of the only two business schools in greater Chinese ranked by Financial Times.

In 2015, taking accreditation as a catalyst, the teaching and research quality of the School was improved substantially. In the meantime, the employment and salary levels of the graduates of Tongji SEM increased remarkably, while the amount of international publications was raised by 20 percent year-on-year. In that year, SEM was ranked 52nd worldwide. In 2016, with persistent efforts, the Master in Management programme of the school edged into world’s Top 50 by the Financial Times ranking. 

EQUIS is one of the world's top two authoritative and influential accreditations for business schools. 2017 witnesses the 20th anniversary of EQUIS, which pays special attention to the continuous improvement of the teaching and research quality and the internationalization and corporate connections of business schools.

So far, there are only 167 schools and universities from 41 countries around the world having obtained EQUIS accreditation, accounting for only 1 percent of the world's 15,000 business schools.

EQUIS Success Story: SKEMA Business School

EQUIS 20th Anniversary - Blog Series

Prof. Alice Guilhon, dean of SKEMA Business School, explains how the EQUIS Accreditation has helped in the merger of two well-established French schools and implement the necessary actions plans.
SKEMA Business School was created in 2009 by a merger between two well-established French schools: ESC Lille whose history dated back almost 121 years, and CERAM the school that for 47 years had been located in Europe’s biggest science park, Sophia-Antipolis.

The merger’s objectives were twofold:

Respond to the globalisation of markets and the economy by training talents able to work on all continents;
Respond to the digitalisation of the economy by putting knowledge and information management at the heart of its research and teaching programmes, emphasising creativity and entrepreneurship, multiculturalism and international management.

This merger thus had nothing to do with a desire to reduce costs, economise resources or rationalise our territorial implantation. It was rather a strategic project aiming to create a new type of school with the following characteristicsthe school should be multisite with its own campuses in several countries and locations, all involved in the local economy; its students were to acquire a global vision of the world with innovation as the leitmotif for learning.

When the new brand was launched in 2009, only the EFMD supported it – mostly, academic killjoys predicted our certain demise. Eight years later, many of us have seen others imitate us, either by pursuing mergers or by adopting a multisite strategy

SKEMA’s first strategic plan from 2010 to 2015 focused on making the merger a success and establishing our international development. Our accreditation by EQUIS was a precious guide to our success in achieving this first plan. Apart from an “instrumental” view of accreditation, we concentrated on the EQUIS guidelines to succeed in our merger and implement the necessary action plans. Amongst these were the SKEMA balance score card – a real tool for tracking our activity that includes key processes each of which refers to the strategic indicators defined by EQUIS, namely, status, quality of students and programmes, international activity, corporate relations and executive education, ethics and corporate social responsibility. An array of 22 strategic indicators and hundreds of operational indicators are tracked each year by SKEMA’s departments and managers. Since 2009, we have been implementing a culture of excellence, quality and continuous improvement that has enabled the school to focus on its strategic objectives.

Often the cultural differences inherent to mergers give rise to serious conflicts and psychosocial problems. Our approach focused our collaborators on developing the school, being client centred and having an efficient organisation. This meant that no time was wasted listening to a discourse lamenting the good old days, or “it was better before” etc. In this way, in November 2009 we announced the name SKEMA and in June 2010 we opened our campus in the United states!

I would like to take this opportunity to address my heartfelt thanks to EQUIS and EFMD, not only for supporting SKEMA, but also for having given us the tools and capabilities to succeed so efficiently in this extraordinary strategic project!

Yours sincerely