EFMD Quality Improvement System

"EQUIS" redirects here. For other uses, see Equis.

The EFMD Quality Improvement System (EQUIS) is a business school accreditation managed by Brussels based EFMD. It provides accreditation for higher education institutions of management and business administration and is run by the European Foundation for Management Development.^[1] It is considered as one of the triple accreditation.

The logo of the EQUIS

Number of schools worldwide with single, double, and triple AACSB-AMBA-EQUIS accreditation as of 2023

The scope of business school accreditations for AACSB, EQUIS and AMBA

EQUIS has accredited 210 institutions in 45 countries around the world.^[2] In 2022, Equis suspended all higher education institutions in Russia from its ranking.^[3]

History

EQUIS' directors in 2018 were Ulrich Hommel and David Asch.^[4] As of 2022, the EQUIS director is Alfons Sauquet.^[5] In the past 20 years of existence, the organization has accredited 189 institutions in 45 countries.^[2]

Object of the accreditation

The accreditation is awarded to business schools based on general quality. The process also takes into account the business school's level of internationalization, which is not a strict requirement for accreditation by the other two major international accreditation bodies: AACSB and AMBA.^[6] As of 2014, all fully accredited EQUIS business schools applying for AACSB accreditation have succeeded, which has not been the case the other way.^[7]

EQUIS accreditation can be granted for three years (with annual progress reports on the areas of improvement required) or for five years (with a mid-term progress report on development objectives required).^[8]

See also

• Association of MBAs (AMBA)
• Association to Advance Collegiate Schools of Business (AACSB)
• List of EQUIS accredited institutions
• Triple accreditation