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The European Quality Improvement System (or EQUIS) is a school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development (EFMD). As of June 2012, EQUIS has accredited 138 business schools in 38 countries around the world.
The EQUIS Awarding Body is composed of representatives of high profile organisations that are stakeholders in the quality improvement of management education. It evaluates the Peer Review Reports on schools that are applying for EQUIS accreditation and, based on their recommendations, makes the final decision to confer EQUIS accreditation upon those management education institutions that have demonstrated excellence at an international level. The Awarding Body normally meets three times a year at the request of the EQUIS Director.
The Association of MBAs was founded in 1967 by eight UK graduates from Harvard Business School, Wharton, Stanford and Columbia, and two graduates from the first intake of London Business School. The organization's development helped shape the growth of management education in Europe and the UK.
The Association of MBAs (AMBA) is a London-based international organization that accredits postgraduate business programs at business schools worldwide. The Association is one of the three main global accreditation bodies in business education and styles itself "the world's impartial authority on postgraduate management education". AMBA is the most international of the three organizations.
The Association to Advance Collegiate Schools of Business (AACSB) was founded in 1916 and is an association of educational institutions, businesses, and other organizations devoted to the advancement of higher education in management education. It is also the premier accrediting agency of collegiate business schools and accounting programs worldwide. Its goals are to advance excellence in collegiate management education through world class accreditation and quality assurance services; conduct research to inform management education stakeholders; and to provide comprehensive services to assist schools of business to address management education challenges and improve quality. AACSB accreditation is the hallmark of excellence in management education. It represents the highest standard of achievement for business schools worldwide. Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review
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