The Association of MBAs (AMBA) is a global organisation founded in 1967 which focuses primarily on international business school accreditation and membership.
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Activities
Based in London, AMBA is one of the three main global accreditation bodies in business education (see Triple Accreditation) and styles itself as the world's impartial authority on postgraduate management education. It differs from AACSB in the US and EQUIS in Brussels as it accredits a school's portfolio of postgraduate management programmes but does not accredit undergraduate programmes. AMBA accredits approximately 2% of the world's business schools, and is the most international of the three organisations having accredited schools headquartered in 54 countries, compared with the 52 for AACSB and 38 for EQUIS.
Business schools can become associated with AMBA in two ways: by applying for accreditation, or by applying for membership of the AMBA Development Network (ADN), which confers institutional membership similar to EFMD or AACSB membership. Schools that cannot meet all of the AMBA accreditation criteria usually join the ADN, which gives them time to prepare for accreditation with support from AMBA and mentoring from an AMBA-accredited school.
All MBA students and alumni of the 245 accredited member schools join AMBA as individual members free of charge. AMBA also accredits generalist MBM programmes and DBA programmes, and admits as members students and graduates thereof.
AMBA's long-serving president is Sir Paul Judge, the founding benefactor of Cambridge Judge Business School. AMBA's current Chief Executive is Andrew Main Wilson, who joined the organisation from the Institute of Directors in 2013. Len Jones was elected Chairman of the AMBA Board of Trustees in 2014.
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History
The Association of MBAs was founded in 1967 as an MBA alumni club by eight UK graduates from Harvard Business School, Wharton, Stanford and Columbia, and two graduates from the first intake of London Business School. The founders saw a lack of awareness in Europe of the value of the MBA degree, which at that time was primarily an American qualification. They decided to form a lobby and membership group to promote the benefits of postgraduate business education, under the name of Business Graduates Association (BGA). The organisation's development helped shape the growth of management education in Europe and the UK and coincided with the setting up and growth of London Business School and Manchester Business School in Britain.
The Association's first Director General was Vice-Admiral David Clutterbuck who assumed this position in 1969. In 1983 BGA began to accredit the growing number of MBA programmes, while preserving its functions as a membership organization. BGA was renamed Association of MBAs in 1987. The Association's current president is Sir Paul Judge, who helped establish Cambridge Judge Business School in 1990 and whose name the school continues to carry.
Activities
Accreditation
The Association of MBAs accredits MBA, MBM and DBA degree programmes. When a school applies for accreditation for its MBA programmes, AMBA requires that the entire portfolio of MBA programmes be put up for consideration and will award accreditation only if all programmes meet its criteria (though the school pays the same fee regardless of the number of programmes being reviewed).
The Association's process of accrediting a school's MBA programmes portfolio includes reviewing compliance AMBA's MBA criteria, most of them qualitative rather than quantitative. The criteria fall into seven dimensions: history and development of the institution; facilities and libraries; teaching faculty, teaching standards and research track record; programme administration, career and alumni services; student admission standards, diversity and cohort size; curriculum content, programme mode and duration; and learning outcomes.
Some of the key AMBA criteria for the accreditation of an MBA programme include:
- all admitted students should have at least three years of full-time post-graduation work experience upon the start of the MBA course (a criterion which the vast majority of the top US business schools cannot meet as US MBA programmes sometimes admit applicants with only a bachelor's degree and no work experience);
- a new school applying for accreditation should have a track record of at least three years of graduating MBA students before it can be accredited;
- an MBA programme should have a cohort size of at least 20 students;
- at least 50% of the faculty of an MBA programme (including visiting faculty as part of the total) are expected to have PhD degrees; and
- a full-time MBA curriculum should contain no less than 500 contact (scheduled classroom) hours and a distance-learning MBA programme should have no less than 120 synchronous contact hours.
Events
AMBA holds three high-profile annual conferences for business school deans and directors: a Global Conference, an Asia Pacific Conference, and a Latin America Conference. Participation is open to both accredited and non-accredited schools. AMBA also hosts an annual Gala Dinner in London, which is open only to accredited schools.
AMBA organises two annual MBA Fairs in London, which offer MBA applicants the opportunity to meet with AMBA-accredited schools, as well as annual global forums with the purpose of development and training for specific functions within AMBA accredited business schools such as accreditation managers, programme managers and development staff.
AMBA also organizes webinars, lectures and networking events on a regular basis catering to MBA alumni, current MBA students, prospective MBA students and business school admissions departments. These on-campus events are held at accredited business schools and often feature distinguished speakers and practitioners in fields such as leadership, entrepreneurship and innovation.
Source of the article : Wikipedia
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