How Much Does Business School Cost

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Triple accreditation (or Triple Crown accreditation) is the accreditation awarded to 76 business schools worldwide as of July 2016 (up from 74 in May 2016) by the three largest and most influential business school accreditation associations:

AACSB - The Association to Advance Collegiate Schools of Business (based in Tampa, Florida, with an Asia office in Singapore)
AMBA - The Association of MBAs (based in London)
EQUIS - European Quality Improvement System (based in Brussels)

Of the 13,670 schools offering business degree programs worldwide, only 70+ have triple accreditation as of April 2016.

The diagram on the right shows the 54 triple-accredited schools outside of North America as of March 2012. Another two triple-accredited schools used to be found in Canada, bringing the worldwide total to 56 in 2012. For AACSB, the diagram interpretation is as follows: 53 schools are accredited only by AACSB; a further 7 are accredited by AACSB and AMBA; another 23 are accredited by AACSB and EQUIS; and 54 are accredited by all three accrediting bodies (outside of North America).

A major reason for the small number of triple-accredited institutions in the world is the requirement of the Association of MBAs that AMBA-accredited business schools should only admit MBA applicants with at least three years of full-time post-graduation work experience. Some analysts claim that most top US business schools cannot meet this criterion as they sometimes (though rarely) admit applicants with only a bachelor's degree and little or no work experience. They claim that it is why triple-crown accreditation is pursued primarily by European institutions. However, it is not the case when some (former) triple accredited institutes, City University of Hong Kong for example, only require applicants having "relevant work experience is desirable (though not specifically required)".

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Differences in accreditation

Each of the three institutions assesses a business school according to different criteria and scope:

Scope of accreditation

Duration of the accreditation process

Reaccreditation

School audit team

Evaluation report content

Criteria/Standards size

Quantitative vs Qualitative

Internationalization

Faculty numbers

Visiting faculty

Research

Program-specific criteria
- at least 3 years of full-time work experience for all admitted MBA students;
- at least 500 contact hours (scheduled class hours) for a full-time MBA curriculum and a minimum of 120 contact hours for a distance-learning MBA;
- at least 20 students enrolled in an MBA program;
Accreditation fees

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Schools

There are 75 triple-accredited schools based in 30 countries and territories as of July 2016:

Argentina

IAE Universidad Austral, Buenos Aires

Australia

QUT Graduate School of Business, Queensland University of Technology
Monash University

Austria

Vienna University of Economics and Business, Vienna

Belgium

Vlerick Leuven Gent Management School, Ghent

Brazil

EAESP - Fundação Getúlio Vargas, São Paulo

Canada

HEC Montreal, Montreal
Telfer School of Management, University of Ottawa, Ottawa

Chile

Adolfo Ibáñez University, Santiago

China

School of Business, Hong Kong Baptist University
Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai
Lingnan (University) College, Sun Yat-sen University, Guangzhou
Sun Yat-sen Business School, Sun Yat-sen University, Guangzhou
School of Economics and Management, Tongji University
Zhejiang University

Colombia

Universidad de los Andes, Facultad de Administración, Bogota

Denmark

Copenhagen Business School, Copenhagen
Aarhus University BSS, Aarhus

Egypt

American University in Cairo, Cairo.

Finland

Aalto University School of Business, Helsinki
Hanken School of Economics, Helsinki and Vaasa

France

Audencia Nantes, Nantes
EDHEC (École des hautes études commerciales du nord), Lille & Nice
EMLYON Business School, Lyon
ESC Rennes School of Business, Rennes
ESCP-Europe (École supérieure de commerce de Paris -- Europe), Paris
Grenoble School of Management, Grenoble
HEC Paris (Ecole des Hautes Etudes Commerciales), Paris
IÉSEG School of Management (Lille, Paris)
INSEAD (Institut Européen d'Administration des Affaires), Fontainebleau & Singapore
KEDGE Business School, Bordeaux and Marseille
NEOMA Business School, Rouen and Reims
Toulouse Business School, Toulouse
Skema Business School, Sophia Antipolis, Lille, Paris, Raleigh (NC, USA), Souzhou (China), Belo Horizonte (Brasil)

Germany

ESCP Europe, Berlin
European School of Management and Technology, Berlin
Mannheim Business School, Mannheim

India

Indian Institute of Management Calcutta

Ireland

University College Dublin, Michael Smurfit Graduate School of Business/UCD Quinn School of Business, Dublin

Italy

ESCP Europe, Turin
SDA Bocconi School of Management, Milan

Mexico

EGADE Business School, Tecnológico de Monterrey, Monterrey, Guadalajara and Mexico City.
Instituto Tecnológico Autónomo de México, Mexico City.

The Netherlands

Netherlands

Maastricht University, School of Business and Economics, Maastricht
Rotterdam School of Management, Erasmus University Rotterdam, Rotterdam
University of Amsterdam, Amsterdam Business School, Amsterdam

New Zealand

University of Auckland Business School, Auckland
University of Waikato Faculty of Management, Hamilton
Victoria University of Wellington, Victoria Business School, Wellington

Norway

BI Norwegian Business School

Peru

CENTRUM Católica, Pontificia Universidad Católica del Perú, Lima

Poland

Kozminski University, Warsaw

Portugal

CATÓLICA-LISBON, School of Business & Economics, Lisbon
Nova School of Business and Economics, Lisbon

Slovenia

FELU - Faculty of Economics, Ljubljana

South Africa

University of Cape Town Graduate School of Business, Cape Town
University of Stellenbosch Business School, Cape Town

Spain

ESADE Business School and ESADE University Faculties, Barcelona
ESCP Europe, Madrid
IE Business School, Madrid
IESE Barcelona

Sweden

School of Business, Economics and Law, Gothenburg

Switzerland

IMD Lausanne

UK

United Kingdom

Adam Smith Business School, University of Glasgow, Glasgow
Ashridge Business School, Berkhamsted
Aston Business School, Aston University, Birmingham
Birmingham Business School, University of Birmingham, Birmingham
Bradford University School of Management, University of Bradford, Bradford
Cass Business School, City University London, London
Cranfield School of Management, Cranfield University, Bedfordshire
Durham University Business School, Durham University, Durham
University of Edinburgh Business School, Edinburgh University, Edinburgh
ESCP Europe, London
Henley Business School, University of Reading, Henley-on-Thames and Reading
Imperial College Business School, London
Lancaster University Management School, Lancaster University, Lancaster
Leeds University Business School, University of Leeds, Leeds
London Business School, London
Loughborough University School of Business and Economics, Loughborough University, Loughborough
Manchester Business School, University of Manchester, Manchester
Newcastle University Business School, Newcastle University, Newcastle upon Tyne
Open University Business School
University of Sheffield Management School, University of Sheffield, Sheffield
Strathclyde Business School, University of Strathclyde, Glasgow
Warwick Business School, University of Warwick

Venezuela

IESA, Caracas

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Top schools without triple accreditation

Many of the world's top business schools are not triple-accredited, while several schools that appear low in the rankings have triple accreditation.

One reason for this is that some of the top business schools choose not to incur the financial cost of international accreditation and rely only on accreditation by their national accrediting body (usually the country's education ministry).

Another reason is that the top schools in some regions do not meet one or more of the detailed criteria of the accrediting institutions and choose not to amend their policy. Notable examples are all top US business schools: Harvard Business School, Wharton, Stanford GSB, Columbia Business School, Chicago Booth, Tuck School of Business, etc., which do not meet AMBA's mandatory three-year student-work-experience requirement for all MBA applicants.

A third reason is that the 509 schools that have obtained AACSB accreditation in the US and Canada (either via the standard accreditation process or via the granting of accreditation based on their reputation as top schools) do not look outside of North America for further validation, such as through European or British accreditation.

Source of the article : Wikipedia