EQUIS Business School Accreditation Awarded to Wuhan & IIMC

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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.