Why is business degree accreditation important?
When you are deciding where to apply for a business degree, you need to be sure that the institutions you look at are as good as they say they are. A strong indicator of a quality institution is whether it is recognised by an accrediting body.
There are three international accrediting bodies for business schools:
- AACSB – Association to Advance Collegiate Schools of Business
- EQUIS – European Foundation for Management Development
- AMBA – Association of MBAs
Only 1% of business institutions have ‘triple accreditation’, which means that they have been recognized by all three of these international accrediting bodies.
But why is accreditation so important?
Accreditation is proof that an institution has been inspected by an accrediting body and met the standards that they have set. It shows that an institution has put time and effort into achieving accreditation.
2. Regularly monitored
A school’s accreditation status is reviewed every five years. This ensures that these standards are maintained and that the institution is committed to constant improvement and self-evaluation.
3. Long-term strategy
Accreditation applications can take as much as two years to complete. They are a serious investment and they require a huge amount of work, planning and strategising.
4. Employment potential
It not only guarantees that you are applying for a quality degree, it also sends a message to potential employers. When you apply for jobs, the fact that you graduated with an accredited degree, will demonstrate that you too met these high standards.
5. Personal development
Applying for an accredited institution means that you will have to work hard to prove yourself. It won’t be easy, but it will be worth it if you are interested in being the best business graduate you can be.