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Below¡¡are¡¡the¡¡key¡¡sources¡¡of¡¡information¡¡to¡¡keep¡¡up¡¡to¡¡date¡¡in¡¡the¡¡MBA¡¡
world¡£¡¡
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use¡¡such¡¡recognition¡¡for¡¡marketing¡¡purposes¡¡only¡£¡¡There¡¡are¡¡a¡¡number¡¡
of¡¡legitimate¡¡organizations¡¡concerned¡¡with¡¡se¡£¡£ing¡¡standards¡¡in¡¡terms¡¡of¡¡
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job¡¡of¡¡work¡¡and¡¡charge¡¡accordingly¡£¡¡Business¡¡schools¡¡pay¡¡anything¡¡from¡¡
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pain¡£¡¡
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though¡¡it¡¡does¡¡have¡¡Business¡¡and¡¡puter¡¡University¡¡College¡¡BCU¡¡
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¡£¡¡The¡¡International¡¡Assembly¡¡for¡¡Collegiate¡¡Business¡¡Education¡¡£¨¡¡
iacbe£©£»¡¡founded¡¡in¡¡1997£»¡¡has¡¡200¡¡accredited¡¡institutions£»¡¡mostly¡¡
undergraduate¡¡and¡¡mostly¡¡in¡¡the¡¡United¡¡States¡£¡¡Pontificia¡¡Universidad¡¡
Cat¨®lica£»¡¡Lima£»¡¡Per¨²£»¡¡with¡¡five¡¡MBA¡¡programmes£»¡¡one¡¡in¡¡association¡¡
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¡£¡¡The¡¡Council¡¡for¡¡Higher¡¡Education¡¡Accreditation¡¡£¨chea£©¡¡is¡¡a¡¡
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their¡¡books¡¡are¡¡usually¡¡very¡¡small£»¡¡with¡¡strong¡¡US¡¡connections£»¡¡such¡¡as¡¡
the¡¡American¡¡University¡¡in¡¡Blagoevgrad£»¡¡Bulgaria£»¡¡for¡¡example£»¡¡which¡¡
offers¡¡a¡¡part¡time¡¡executive¡¡MBA¡£¡¡
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signed¡¡up¡¡to¡¡all¡¡three¡£¡¡You¡¡might¡¡be¡¡forgiven¡¡for¡¡thinking¡¡that¡¡to¡¡be¡¡more¡¡
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that¡¡it¡¡is¡¡the¡¡students¡¡who¡¡pay¡¡for¡¡accreditation¡¡in¡¡every¡¡respect£¡
Appendix¡¡301¡¡
The¡¡Association¡¡of¡¡MBA¡¡
AMBA¡¡£¨mbaworld£©£»¡¡founded¡¡in¡¡1967£»¡¡has¡¡accredited¡¡150¡¡business¡¡
schools¡¡in¡¡68¡¡countries¡£¡¡Its¡¡initial¡¡purpose¡¡was¡¡to¡¡help¡¡forge¡¡links¡¡
between¡¡the¡¡MBA¡¡alumni¡¡of¡¡the¡¡small¡¡but¡¡growing¡¡number¡¡of¡¡schools¡¡in¡¡the¡¡
UK£»¡¡but¡¡subsequently¡¡it¡¡has¡¡branched¡¡out¡¡into¡¡the¡¡accreditation¡¡business¡£¡¡
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who¡¡went¡¡to£»¡¡or¡¡is¡¡studying¡¡or¡¡is¡¡enrolled¡¡to¡¡study£»¡¡at¡¡an¡¡AMBA¡accredited¡¡
business¡¡school¡£¡¡It¡¡wants¡¡to¡¡be¡¡sure¡¡that¡¡schools¡¡offering¡¡an¡¡MBA£º¡¡have¡¡
a¡¡clear¡¡strategy¡¡and¡¡mission£»¡¡the¡¡faculty¡¡is¡¡large¡¡enough¡¡for¡¡the¡¡task£»¡¡at¡¡
least¡¡75¡¡per¡¡cent¡¡of¡¡faculty¡¡have¡¡a¡¡masters¡¡or¡¡doctoral¡¡degree¡¡in¡¡a¡¡discipline¡¡
relevant¡¡to¡¡the¡¡subject¡¡for¡¡which¡¡they¡¡are¡¡responsible£»¡¡and¡¡students¡¡must¡¡
have¡¡a¡¡minimum¡¡of¡¡3¡¡years¡¯¡¡work¡¡experience¡£¡¡
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AACSB¡¡£¨aacsb¡£edu£©£»¡¡founded¡¡in¡¡1916¡¡by£»¡¡among¡¡others£»¡¡Columbia¡¡
University£»¡¡Dartmouth¡¡College£»¡¡Harvard¡¡University£»¡¡and¡¡Chicago£»¡¡
Pennsylvania¡¡and¡¡Yale¡¡Universities£»¡¡this¡¡the¡¡oldest¡¡and¡¡largest¡¡of¡¡the¡¡
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institutions£»¡¡with¡¡less¡¡than¡¡10¡¡per¡¡cent¡¡of¡¡its¡¡member¡¡institutions¡¡ing¡¡
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AACSB£»¡¡worried¡¡by¡¡petition¡¡from¡¡ranking¡¡provided¡¡by¡¡newspapers¡¡
and¡¡journals¡¡and¡¡concerned¡¡that¡¡these¡¡may¡¡be¡¡distorting¡¡schools¡¯¡¡behaviour¡¡
and¡¡misleading¡¡prospective¡¡MBA¡¡candidates£»¡¡has¡¡invested¡¡in¡¡a¡¡business¡¡
school¡¡database¡¡of¡¡its¡¡own¡£¡¡Since¡¡2005£»¡¡AACSB¡¡has¡¡published¡¡searchable¡¡
profiles¡¡of¡¡its¡¡600¡¡member¡¡business¡¡schools¡¡on¡¡its¡¡website¡¡and¡¡is¡¡the¡¡only¡¡
source¡¡of¡¡information¡¡about¡¡the¡¡whole¡¡business¡¡school¡¡and¡¡is¡¡the¡¡most¡¡
prehensive¡¡in¡¡terms¡¡of¡¡its¡¡coverage¡¡of¡¡the¡¡market¡£¡¡Here¡¡you¡¡will¡¡find¡¡
details¡¡of¡¡schools¡¡such¡¡as¡¡HHL¡¡¨C¡¡Leipzig¡¡Graduate¡¡School¡¡of¡¡Management¡¡
£¨Germany£©£»¡¡Toulouse¡¡Business¡¡School¡¡¨C¡¡Groupe¡¡ESC¡¡Toulouse¡¡£¨France£©¡¡
and¡¡United¡¡Arab¡¡Emirates¡¡University¡¡£¨UAEU£©¡¡£¨United¡¡Arab¡¡Emirates£©¡¡that¡¡
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newest¡¡and¡¡smallest¡¡of¡¡accrediting¡¡organizations¡£¡¡It¡¡was¡¡set¡¡up¡¡by¡¡the¡¡
European¡¡Foundation¡¡of¡¡Management¡¡Development¡¡£¨EFMD£©¡¡and¡¡accredits¡¡
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with¡¡over¡¡15£»000¡¡management¡¡development¡¡professionals¡¡as¡¡members¡¡
302¡¡Appendix¡¡
of¡¡the¡¡EFMD¡¡network¡¡and¡¡650¡¡organizations¡¡from¡¡academia£»¡¡business£»¡¡
public¡¡service¡¡and¡¡consultancy¡¡in¡¡more¡¡than¡¡75¡¡countries£»¡¡its¡¡impact¡¡has¡¡
been¡¡significant¡£¡¡EQUIS¡¡is¡¡not£»¡¡however£»¡¡primarily¡¡focused¡¡on¡¡the¡¡MBA¡£¡¡
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of¡¡AACSB¡£¡¡You¡¡won¡¯t¡¡find¡¡Harvard£»¡¡Wharton£»¡¡Tuck¡¡or¡¡indeed¡¡many¡¡US¡¡
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such¡¡as¡¡Pontificia¡¡Universidad¡¡Cat¨®lica¡¡de¡¡Chile£»¡¡Escuela¡¡de¡¡Administraci¨®n£»¡¡
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books¡£¡¡
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couple¡¡of¡¡US¡¡general¡¡business¡¡publications¡¡realized¡¡that¡¡¡®best¡¡of¡¯¡¡lists¡¡were¡¡
a¡¡powerful¡¡tool¡¡for¡¡generating¡¡advertising¡¡copy¡¡from¡¡business¡¡schools¡¡
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will¡¡have¡¡to¡¡explain¡¡why¡¡to¡¡prospective¡¡students¡¡and¡¡to¡¡its¡¡alumni¡¡who¡¡are¡¡
naturally¡¡anxious¡¡not¡¡to¡¡see¡¡their¡¡investment¡¡devalued¡£¡¡The¡¡Association¡¡to¡¡
Advance¡¡Collegiate¡¡Schools¡¡of¡¡Business¡¡£¨see¡¡above£©¡¡is¡¡trying¡¡to¡¡encourage¡¡
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to¡¡include¡¡research¡¡productivity¡¡while¡¡educating¡¡the¡¡public¡¡about¡¡the¡¡
limitations¡¡of¡¡rankings¡£¡¡With¡¡newspaper¡¡circulations¡¡in¡¡terminal¡¡decline£»¡¡
this¡¡seems¡¡a¡¡pious¡¡hope¡£¡¡
What¡¯s¡¡being¡¡ranked¡¡
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final¡¡result¡£¡¡You¡¡need¡¡to¡¡consider¡¡if¡¡the¡¡measures¡¡are¡¡important¡¡to¡¡you¡£¡¡For¡¡
example£»¡¡¡®international¡¡mix¡¡of¡¡students¡¯¡¡features¡¡in¡¡many¡¡rankings£»¡¡if¡¡you¡¡
Appendix¡¡303¡¡
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not¡¡see¡¡it¡¡as¡¡much¡¡of¡¡a¡¡benefit¡¡to¡¡find¡¡that¡¡less¡¡than¡¡15¡¡per¡¡cent¡¡of¡¡your¡¡
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