EFMD Quality Improvement System

Short description: International school accreditation system

The logo of the EQUIS

The EFMD Quality Improvement System (EQUIS) is an international school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development (EFMD).[1] EQUIS has accredited 210 institutions in 45 countries around the world.[2] In 2022, Equis suspended all the Russian institutions from its ranking.[3]

Scope of business school accreditation for AACSB, EQUIS and AMBA

Number of schools worldwide with single, double and triple (AACSB-AMBA-EQUIS) accreditation in 2023

## Contents

* 1 History
* 2 Object of the accreditation
* 3 See also
* 4 Notes and references
* 5 External links

## History

EQUIS' directors in 2018 were Ulrich Hommel and David Asch.[4] As of 2022, the EQUIS director is Alfons Sauquet.[5] In the past 20 years of existence, the organization has accredited 189 institutions in 45 countries.[2]

## Object of the accreditation

The accreditation is awarded to business schools based on general quality. The process also takes into account the business school's level of internationalization, which is not a strict requirement for accreditation by the other two major international accreditation bodies: AACSB and AMBA.[6] So far, all fully accredited EQUIS business schools applying for AACSB accreditation have succeeded, which has not been the case the other way.[7]

EQUIS accreditation can be granted for three years (with annual progress reports on the areas of improvement required) or for five years (with a mid-term progress report on development objectives required).[8]

## See also

* Association of MBAs (AMBA)
* Association to Advance Collegiate Schools of Business (AACSB)
* List of EQUIS accredited institutions
* Triple accreditation

## Notes and references

1. ↑ "EQUIS European Quality Improvement System". FPH.vse.cz. http://fph.vse.cz/wp-content/uploads/EQUISbrochure.pdf.
2. ↑ 2.0 2.1 "EQUIS Accredited Schools". https://www.efmd.org/accreditation-main/equis/accredited-schools.
3. ↑ "EQUIS Accredited Schools - EFMD Global" (in en-GB). 2018-09-20. https://www.efmdglobal.org/accreditations/business-schools/equis/equis-accredited-schools/.
4. ↑ European Quality Improvement System (EQUIS). http://www.efmd.org/what-is-efmd/whos-who. Retrieved 2014-11-18.
5. ↑ "EFMD Global Staff - EFMD Global". 24 June 2019. https://www.efmdglobal.org/about-us/efmd-global-staff/.
6. ↑ "Andreas Kaplan: European Management and European Business Schools: Insights from the History of Business Schools". European Management Journal 32: 529–534. doi:10.1016/j.emj.2014.03.006.
7. ↑ "???". Mba-news.net. 5 February 2014. http://mba-news.net/2014/02/05/mba-accreditation/.
8. ↑ European Quality Improvement System (EQUIS). 18 November 2014. https://www.efmd.org/images/stories/efmd/EQUIS/2014/EQUIS_Process_Manual.pdf.

## External links

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