Less than 1% of leading business schools in the world hold "triple accreditation". Newcastle University Business School is one of them.
To achieve accreditation by one of these bodies is an achievement in itself.
To achieve accreditation by all three bodies is a truly outstanding accomplishment and one to be proud of. These bodies have no obligation to make an award, in fact many business schools are unsuccessful in their application.
Accreditation is an extensive quality control process which assesses numerous aspects of the Business School and its programmes.
Typically, this involves the business school submitting an in-depth self-analysis report for scrutiny by these bodies, followed by a visiting panel and the resulting interviewing of current students, staff, alumni, corporate clients and employers. This panel is drawn from a resource pool of Deans of reputed academic institutions, managing directors and HR directors of major corporations, heads of national professional associations, consultants, and assessment experts.
AACSB International - the Association to Advance Collegiate Schools of Business, based in the USA. A process of voluntary, non-governmental review of educational institutions and programmes, reviewing business schools and universities. As a specialised agency, AACSB International grants accreditation for undergraduate and graduate business administration and accounting programmes.
AACSB International accreditation assures stakeholders that business schools :
Newcastle University Business School was awarded AACSB accreditation for all of its programmes including its accounting programmes in 2014.
EQUIS – European Quality Improvement System. Governed by the European Foundation for Management Development (EFMD) and based in Brussels, its fundamental objective is to raise the standard of management education worldwide. Its focus is on all management programmes offered by an institution from a first degree up to the PhD.
EQUIS is intended to provide recognition that the accredited institutions are not only attaining high standards in their national market, but are also credible in the international arena. Institutions accredited by EQUIS must demonstrate not only high general quality in all dimensions of their activities, but also a high degree of internationalisation and corporate engagement.
Newcastle University Business School were first awarded EQUIS accreditation in 2010.
AMBA - the Association of MBAs, based in the UK. This award has been held since 1988. With so many MBAs on offer, quality has become the key. AMBA was set up in 1967 to promote the MBA to institutions, prospective students and employers and to ensure the quality of programme produces professional managers. The accreditation process was established to secure these objectives. The process is market-driven and international in focus, and each business school offering an MBA are assessed against a set of criteria established by AMBA's Independent Accreditation Advisory Board.
Accreditation gives business schools international credibility and status. The number of MBA qualifications available worldwide is now in the thousands, but only a small percentage of these would achieve accreditation if they were submitted to our rigorous international criteria.
For potential students, accreditation provides a reliable list of schools tested for quality. For the MBA graduate, it gives reassurance of the degree's value at a time when the market risks saturation, and for the employer it guarantees the quality of the MBA. It confirms that to recruit an MBA from an accredited school is to recruit top talent.
Our programmes at Newcastle University Business School are significantly influenced and shaped by the needs of the professions and the employment market.
The School has developed even closer links with professional bodies through accreditation and exemptions enabling many students undertaking specific programmes or modules to become eligible for membership to these professional bodies.