Strathclyde is one of few institutions in the world to have achieved triple accreditation from AACSB, AMBA and EQUIS (as of January 2017, 77 business schools have this status – source: mba.today).
These accreditations are rigorous processes that involve assessment of numerous aspects of the 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 consequent interviewing of current students, staff, alumni, corporate clients and employers. These bodies have no obligation to make an award - indeed, many business schools are unsuccessful in their application. All the more reason for us to promote this achievement.
Accreditation in detail
There are three international accrediting bodies for business schools:
- AACSB - the Association to Advance Collegiate Schools of Business, based in the USA
- EQUIS - the quality assurance scheme run by the European Foundation for Management Development (efmd) and based in Brussels
- AMBA - the Association of MBAs, based in the UK
Rankings are just one aspect of a business school's reputation but many applicants rely on rankings produced by newspapers, such as the Financial Times, to judge the standing of a business school. While we participate in these rankings, and understand the importance given to them by applicants, students and alumni alike, they can only provide a snapshot view of a school based on certain, selective criteria.
We've always emphasised the importance of taking a more measured approach and considering all aspects which affect a business school’s reputation, such as the school's research rating, teaching standards, and accreditation, which provides an objective and independent measure of all aspects of a business school.