The UQ Business School has become the first Australian Business School to achieve dual accreditation from EQUIS and AACSB International - the world’s pre-eminent business school accrediting bodies.
UQ Business School now joins the ranks of London Business School, INSEAD, Thunderbird, Warwick Business School, Rotterdam School of Management, Hong Kong University of Science and Technology, University of St. Gallen, University of Washington, HEC Montreal, Asian Institute of Management, as holders of dual full accreditation from EQUIS and AACSB.
EQUIS, the quality assurance body of the European Foundation for Management Development (EFMD), awarded full accreditation to UQ Business School on 16 June 2004.
Prior to the EQUIS award, UQ Business School was the first comprehensive business School in Australia to be awarded full AACSB International (Association To Advance Collegiate Schools of Business) accreditation in April 2003.
AACSB International accreditation originated in the North America ivy league business schools and has expanded to cover the Asia Pacific. With the granting of the European EQUIS accreditation, UQ Business School is now recognised globally as a premier business school.
The EQUIS review examined 11 areas of internal and external school performance over a three-year period, which included a formal site visit in March 2004 from Business School Deans from London Business School, Erasmus University, University of Auckland and the European Industry community.
Their 40-page report and recommendations for full accreditation were presented to the EFMD board and approved on 16 June 2004.
The EQUIS and AACSB International accreditations acknowledge UQ Business School as a formally benchmarked, premium business school ranking among the world’s top-tier institutions.
Accreditation with AACSB International and EQUIS brings UQ Business School a series of benefits including increased status and recognition, superior graduate outcomes, and increased collaborative opportunities with other world-class business schools.
UQ Business School students and alumni will also benefit, having their the quality of their degree recognised right throughout the world.
EQUIS Accreditation
Developed in Europe by members of the management education profession, EQUIS is the leading international quality assurance scheme run by the European Foundation for Management Development (efmd), a global, membership driven organisation, based in Brussels.
It assesses the gamut of institutional activities, from the quality of degree programs and non-degree programmes in the field of executive education, through to research and community outreach.
Accreditation criteria also focuses heavily on institution’s degree of internationalisation, enabling the EQUIS quality label to indicate an accredited institution’s high quality standards in the international arena as well as its local and national market.
AACSB International Accreditation
In April 2003, UQ Business School became the first comprehensive business school in Australia to achieve AACSB International accreditation, which covers its full range of degrees including undergraduate, masters and doctoral programs.
AACSB International accreditation is recognised as the highest standard of achievement for business schools worldwide.
Established in 1916 in the United States, AACSB International began its accreditation function with the adoption of the first standards in 1919.
Other AACSB International accredited institutions include prestigious US Ivy leagues such as Harvard Business School, Cornell University, Dartmouth College and Yale University.
Seven other schools in the Asia Pacific region carry AACSB International accreditation, including the AGSM, University of Sydney, National University of Singapore, Hong Kong University of Science & Technology, Chinese University of Hong Kong, Keio University (Japan), and Seoul University (South Korea).
AACSB accreditation was awarded following an intensive process spanning three years, which focussed on faculty quality in research and teaching, student quality, admission processes and standards, student support services, alumni support, infrastructure and resources, and the School’s international reputation.
For further information, contact Karissa Douglass on (07) 3365 6179, mobile (04) 10 642 027 or by e-mail at k.douglass@business.uq.edu.au
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