Nine Schools Reaccredited by EQUIS Business School Accreditation

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

"Best business education is destined to be fertilized in a thriving economic center. Taking root in Shanghai, an international economic hub, Tongji SEM has fortified its success with three totems, ‘internationalization, application-oriented teaching and research, and sustainable development’. The achievement of the 5-year accreditation is an affirmation of the three totems."
Prof. Jiazhen Huo, Dean, School of Economics and Management, Tongji University, China

"For us, EQUIS accreditation is an important “seal of approval”, saying something very positive about the quality and standing of the School. But it is much more than that. The accreditation process is helping us to benchmark ourselves against international quality standards, and the peer review team has provided us with some really valuable feedback as we continue the development of the School."
Prof. Edward J. Snape, Dean, School of Business, Hong Kong Baptist University, China

"We are delighted and honored by receiving the 5-year accreditation for the first time. It is a recognition for the quality of our school and the dedication and achievements by our faculty, staff, and students.  We plan to continue using the EFMD platform and network to further enhance our international outreach and collaboration.  As the leading business school in Taiwan, we take the responsibility of advancing innovation in business education to prepare future business leaders to succeed in the competitive global economy."
Mr. Kwei Tang, Dean, College of Commerce, National Chengchi University, Chinese Taipei

“KAIST College of Business successfully received the Five-year Full Accreditation from the European Foundation for Management Development (EFMD) at a meeting held on 12 April 2016. The EQUIS Accreditation is known for its strict standards and complex process in granting accreditation. It includes a process of rigorous internal reviews, self-assessment and adjustment and it can take several years to complete. During these years, KCB was able to develop and implement a strategy and plan to reach its mission: To produce highly qualified global business leaders with academic excellence as well as dedication to society. Through accreditation from EFMD, KCB has become globally recognized for its high quality education system and excellent students."
Prof. Tong Suk Kim, Dean, KAIST College of Business, South Korea

"Newcastle University Business School is both pleased and honoured to be reaccredited for another three years with EQUIS. Sustaining our relationship with EFMD is an essential element to our aim to maintain the highest standards, while at the same time ensuring that all our stakeholders benefit from any work in which we participate. We look forward to working closely with EFMD on further improvements to our programmes and other activities."
Prof. John Wilson, Newcastle University Business School, UK


"We are extremely pleased with the PRT report and the Board’s decision to reaccredit on the basis of EFMD’s confidence in our performance and plans for the future. The reaccreditation is not only a confirmation, but an open and clear invitation to really strategically renew in full alignment with the high expectations for a Triple-Crown institution such as our School."
Prof. Philip Vergauwen, Dean, School of Business and Economics, Maastricht University, the Netherlands

"NHH is very pleased to be one of a relatively small number of schools to have received a five year accreditation 4 times in a row. The input from the peer review team is extremely useful in our continuous efforts to improve the quality of our school."
Prof. Frøystein Gjesdal, Rector, NHH Norwegian School of Economics, Norway

Prof. Martin Schader, the EQUIS Director, added, "I would like to congratulate the schools that have gone through the reaccreditation process. EQUIS accreditation ensures a rigorous quality improvement process, involving a thorough self-assessment, a visit of an international peer review team, and finally a very experienced Awarding Body evaluating the assessment and findings of the review team to determine whether the School should be granted accreditation. EQUIS benchmarks the School against international standards in terms of governance, programmes, faculty, students, research, and foremost, corporate engagement, internationalisation and ethics, responsibility and sustainability. 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 business school accreditation is available at www.efmd.org/equis

The list of newly accredited schools is available here.

EQUIS Business School Accreditation Awarded to Wuhan & IIMC

EQUIS awards Apr16
EFMD would like to warmly congratulate Economics and Management School of the Wuhan University & Indian Institute of Management Calcutta (IIMC) who have just been awarded EQUIS accreditation.

This takes the number of accredited schools to 161 across 40 countries.

Please read below what the Deans of the accredited schools say about the achievement.

“The Economics and Management School of Wuhan University is proud to be the first EQUIS-accredited business school in Central China, a dynamic area with a population of 300 million. This is a critical step for our School to become a leading business school in China with a world-class standing. Our School, in further collaboration with international partners, will contribute to business knowledge creation and human capital development for China, as well as for the World.”
Prof. Danyang Xie, Dean, Economics and Management School of the Wuhan University, China

“High quality management education in today’s world requires institutional strategy for remaining in sync with the pace of changes in the global environment and in the corporate world, managing opportunities and challenges of the ever-intensifying levels of globalization, paving ways for producing ethical leadership, attracting and retaining high quality students and faculty who would find their expectations exceeded in the learning environment, and rewarding the recruiters by constantly supplying them well-trained talents they need.

EQUIS prioritizes on a set of such dimensions. An institute needs to do extremely well to meet the quality requirements that entails delivering high quality on all relevant areas of excellence, be it in the area of institutional strategy, assurance of learning, or producing competent and ethical managers for the corporates as a few examples. Understandably, this recognition is a significant source of achievement, satisfaction, and inspiration for us.”

Prof. Saibal Chattopadhyay, Director, Indian Institute of Management Calcutta (IIMC), India


Prof. Martin Schader, the EQUIS Director, added: "We are delighted to welcome two new schools into the community of EQUIS accredited schools. EQUIS accreditation ensures a rigorous quality improvement process, involving a thorough self-assessment, a visit of an international peer review team, and finally a very experienced Awarding Body evaluating the assessment and findings of the review team to determine whether the School should be granted accreditation. EQUIS benchmarks the School against international standards in terms of governance, programmes, faculty, students, research, and foremost, corporate engagement, internationalisation and ethics, responsibility and sustainability. 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."

The benefits of accreditation include:
  • Information for the global education market on the basis of substance
  • International recognition of excellence: international development
  • Mechanism for international benchmarking with the best
  • Sharing of good practice and mutual learning
  • Agenda for quality improvement and future development
  • Acceleration of quality improvement in international management education
  • Legitimacy to internal and external stakeholders that you have a strong international reputation (donors, alumni, government) and that your school meets the high standards of the best business schools in the world
  • Becoming part of a network of top schools to develop relationships with fellow EFMD accredited schools for research, exchanging best practices on programmes, etc.
  • International legitimacy vis-a-vis recruiting international students, creating double degree partnerships, forming international exchange relationships, recruiting executive development custom programme clients, recruiting new faculty.
More information on EQUIS is available at www.efmd.org/equis

The list of re-accredited schools is available here.

Call for Nominations to the EFMD Quality Services Committees

EFMD members only to nominate potential new candidates

The EFMD Quality Services Team is inviting EFMD member schools and corporations to nominate potential members of the Quality Services Committees. 

Nominations are sought for the members of the EQUIS Committee and the EQUIS Accreditation Board, of the EPAS Committee and the EPAS Accreditation Board and of the EDAF Committee. Members’ roles and responsibilities are further explained in the above links, also stating the expectations and commitment that membership to these bodies entails. Potential members will be selected from among those nominated and finally appointed by the EFMD Board at its meeting in June 2016. 

There are now vacancies on all these bodies. Applicants should meet the following experience requirements:

EQUIS logo13 LREQUIS Committee and EQUIS Accreditation Board
Academic members should be or have been Deans of well reputed, preferably EQUIS accredited business schools; corporate members should be or have been top management executives or senior HR managers of well-known international companies, e.g. HR or HRD Directors.

EPAS logo13 LREPAS Committee and EPAS Accreditation Board
For the EPAS Committee, academic members should be Deans, Associate Deans or senior Programme Directors (e.g. experienced and generally running large programmes) from EPAS accredited institutions. For the EPAS Accreditation Board, academic members should preferably be Deans from EPAS accredited institutions. For both bodies, corporate members should preferably be or have been top management executives or senior HR managers of well-known international companies and ideally have experience as EPAS reviewers.

EDAF logo15 LREDAF – EFMD Deans Across Frontiers Committee
For the EDAF Committee, members should be current or former Deans or Associate Deans from business schools in developed or developing economies.

Nominations either for yourself or for another person from within or outside your organisation are acceptable. The particular decision-making body to which the nomination applies should be clearly indicated. Nominations should be sent before 9 May 2016 to This email address is being protected from spambots. You need JavaScript enabled to view it. and should include full name of the candidate, name of the institution, his/her position, e-mail address and biographical summary.