Triple accreditation (or Triple Crown accreditation) is the accreditation awarded to 88 business schools worldwide as of March 2018 (up from 74 in May 2016) by the three largest and most influential business school accreditation associations:
- AACSB - The Association to Advance Collegiate Schools of Business (United States)
- AMBA - The Association of MBAs (United Kingdom)
- EQUIS - EFMD Quality Improvement System (European Union)
Of the 13,670 schools offering business degree programs worldwide, only 80+ have triple accreditation as of February 2018.
A major reason for the small number of triple-accredited institutions in the world is the requirement of the Association of MBAs that AMBA-accredited business schools should only admit MBA applicants with at least three years of full-time post-graduation work experience. Some analysts claim that most top US business schools cannot meet this criterion as they sometimes (though rarely) admit applicants with only a bachelor's degree and little or no work experience. They claim that it is why triple-crown accreditation is pursued primarily by European institutions. However, it is not the case when some (former) triple accredited institutes, City University of Hong Kong for example, only require applicants having "relevant work experience is desirable (though not specifically required)".
Differences in accreditation
Triple Crown Accreditation - Equis, AMBA, AACSB - What does it mean? -
Each of the three institutions assesses a business school according to different criteria and scope:
- Scope of accreditation
- AACSB has the broadest scope, as it accredits management and accounting programs at the entire university (e.g. management programs at the business school and the school of engineering) and grants university-wide accreditation.
- AMBA has the most focused scope as it accredits only the business school's portfolios of MBA programs (full-time, part-time, executive, distance-learning), MBM programs (including MSc International Management) and DBA (also known as DMgt in China).
- EQUIS's scope ranks in the middle, as it accredits the business school but not the university and not specific portfolios of programs.
- Duration of the accreditation process
- AACSB: 2â€"7 years
- AMBA: 9â€"18 months
- EQUIS: 2â€"3 years
- Reaccreditation
- AACSB: full re-accreditation every 5 or 10 years (the 10-year accreditation is being phased out)
- AMBA: full re-accreditation every 3 or 5 years (1-year accreditation is a possible outcome of reaccreditation in exceptional circumstances)
- EQUIS: full re-accreditation every 3 or 5 years
- School audit team
- AACSB's peer review team includes deans and business school administrators.
- AMBA's assessment team includes deans, associate deans, program directors and one AMBA representative.
- EQUIS's team includes three deans and one corporate representative.
- Evaluation report content
- AACSB's report reflects compliance with the AACSB standards
- AMBA's report includes compliance with criteria, conditions and recommendations
- EQUIS's report reflects compliance with the EQUIS standards
- Criteria/Standards size
- AACSB: 77 pages for Business Accreditation; 36 pages for Accounting Accreditation
- AMBA: 24 pages (9 pages for MBA; 9 pages for MBM; 6 pages for DBA)
- EQUIS: 71 pages
- Quantitative vs Qualitative
- AACSB has more quantitative criteria (checklists)
- AMBA has more qualitative criteria
- EQUIS is in the middle (between AACSB and AMBA)
- Internationalization
- AACSB conducts the evaluation against the school's own mission, so AACSB has no internationalization requirement unless internationalization is part of the school's mission.
- AMBA has internationalization criteria for research, curriculum and student enrolment. However, these are reviewed in a regional context for less internationalized regions (e.g. Latin America and Russia).
- EQUIS has strict requirements on internationalization.
- Faculty numbers
- AACSB: prescribed faculty ratios (AQ/PQ ratio)
- AMBA: no prescribed faculty-to-students ratio
- EQUIS: prescribed minimum numbers of faculty
- Visiting faculty
- AACSB disapproves of heavy use of visiting faculty.
- AMBA allows the visiting faculty model, as long as the visiting faculty are managed by the core faculty (and as long as the quality and course content is monitored).
- EQUIS disapproves of heavy use of visiting faculty.
- Research
- AACSB requires research in line with the mission of the school.
- AMBA requires research and publications in international refereed journals or proof of impactful research at national level.
- EQUIS requires research with an international dimension.
- Program-specific criteria
- AACSB has no program-specific standards since it evaluates the entire university.
- AMBA has program-specific criteria such as:
- at least 3 years of full-time work experience for all admitted MBA students;
- at least 500 contact hours (scheduled class hours) for a full-time MBA curriculum and a minimum of 120 contact hours for a distance-learning MBA;
- at least 20 students enrolled in an MBA program;
- EQUIS has some program-specific standards in the context of the evaluation of the entire business school.
- Accreditation fees
- AACSB: 47,000 USD for initial business accreditation (or 63,500 USD for both business and accounting accreditation). In addition, an annual business accreditation fee is charged: 4,500 USD annually for a 5-year accreditation cycle or 2,500 USD annually for a 10-year accreditation cycle.
- AMBA: 22,000 GBP for initial accreditation or 15,000 GBP for re-accreditation.
- EQUIS: 52,800 EUR for a 5-year initial accreditation or re-accreditation and 46,200 EUR for a 3-year initial accreditation or re-accreditation.
Schools
There are 87 triple-accredited schools based in 33 countries and territories as of March 2018:
Argentina
 Argentina
- IAE Universidad Austral, Buenos Aires
Australia
 Australia
- QUT Graduate School of Business, Queensland University of Technology
- Monash University
Austria
 Austria
- Vienna University of Economics and Business, Vienna
Belgium
 Belgium
- Vlerick Leuven Gent Management School, Ghent
Brazil
 Brazil
- EAESP - Fundação Getúlio Vargas, São Paulo
- Insper, São Paulo
Canada
 Canada
- HEC Montreal, Montreal
- Telfer School of Management, University of Ottawa, Ottawa
Chile
 Chile
- Adolfo Ibáñez University, Santiago
China
 China
- School of Business, Hong Kong Baptist University
- Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai
- Lingnan (University) College, Sun Yat-sen University, Guangzhou
- Sun Yat-sen Business School, Sun Yat-sen University, Guangzhou
- School of Economics and Management, Tongji University
- University of International Business and Economics
- Zhejiang University
Costa Rica
 Costa Rica
- INCAE Business School, Alajuela
Colombia
 Colombia
- Universidad de los Andes, Facultad de Administración, Bogota
Denmark
 Denmark
- Copenhagen Business School, Copenhagen
- Aarhus University BSS, Aarhus
Egypt
 Egypt
- American University in Cairo, Cairo.
Finland
 Finland
- Aalto University School of Business, Helsinki
- Hanken School of Economics, Helsinki and Vaasa
France
 France
- Audencia Nantes, Nantes
- EDHEC (École des hautes études commerciales du nord), Lille & Nice
- EMLYON Business School, Lyon
- ESSCA School of Management, Angers, Paris, Shanghai, Budapest, Lyon, Bordeaux and Aix-en-Provence
- ESSEC Business School, Paris, Cergy, Singapore, Rabat, Mauritius
- ESC Rennes School of Business, Rennes
- ESCP-Europe (École supérieure de commerce de Paris â€" Europe), Paris
- Grenoble School of Management, Grenoble
- HEC Paris (Ecole des Hautes Etudes Commerciales), Paris
- IÉSEG School of Management (Lille, Paris)
- INSEAD (Institut Européen d'Administration des Affaires), Fontainebleau & Singapore
- KEDGE Business School, Bordeaux and Marseille
- NEOMA Business School, Rouen and Reims
- Toulouse Business School, Toulouse
- Skema Business School, Sophia Antipolis, Lille, Paris, Raleigh (NC, USA), Souzhou (China), Belo Horizonte (Brasil)
Germany
 Germany
- ESCP Europe, Berlin
- European School of Management and Technology, Berlin
- Mannheim Business School, Mannheim
- TUM School of Management, Munich
India
 India
- Indian Institute of Management Calcutta
Ireland
 Ireland
- University College Dublin, Michael Smurfit Graduate School of Business/UCD Quinn School of Business, Dublin
Italy
 Italy
- ESCP Europe, Turin
- SDA Bocconi School of Management, Milan
Mexico
 Mexico
- EGADE Business School, Tecnológico de Monterrey, Monterrey, Guadalajara and Mexico City.
- Instituto Tecnológico Autónomo de México, Mexico City.
The Netherlands
 Netherlands
- Maastricht University, School of Business and Economics, Maastricht
- Rotterdam School of Management, Erasmus University Rotterdam, Rotterdam
- University of Amsterdam, Amsterdam Business School, Amsterdam
New Zealand
 New Zealand
- University of Auckland Business School, Auckland
- University of Waikato Faculty of Management, Hamilton
- Victoria University of Wellington, Victoria Business School, Wellington
Nicaragua
 Nicaragua
- INCAE Business School
Norway
 Norway
- BI Norwegian Business School
Peru
 Peru
- CENTRUM Católica, Pontificia Universidad Católica del Perú, Lima
Poland
 Poland
- Kozminski University, Warsaw
Portugal
 Portugal
- CATÃ"LICA-LISBON, School of Business & Economics, Lisbon
- Nova School of Business and Economics, Lisbon
- [IBS - ISCTE Business School, http://ibs.iscte-iul.pt], Lisbon
Slovenia
 Slovenia
- FELU - Faculty of Economics, Ljubljana
South Africa
 South Africa
- University of Cape Town Graduate School of Business, Cape Town
- University of Stellenbosch Business School, Cape Town
Spain
 Spain
- ESADE Business School and ESADE University Faculties, Barcelona
- ESCP Europe, Madrid
- IE Business School, Madrid
- IESE Barcelona
Sweden
 Sweden
- School of Business, Economics and Law, Gothenburg
Switzerland
  Switzerland
- IMD Lausanne
USA
 United States
- Hult International Business School, Campuses in Boston, San Francisco, London, Shanghaï and Dubaï
UK
 United Kingdom
- Adam Smith Business School, University of Glasgow, Glasgow
- Alliance Manchester Business School, University of Manchester, Manchester
- Aston Business School, Aston University, Birmingham
- Birmingham Business School, University of Birmingham, Birmingham
- Bradford University School of Management, University of Bradford, Bradford
- Cass Business School, City University London, London
- Cranfield School of Management, Cranfield University, Bedfordshire
- Durham University Business School, Durham University, Durham
- University of Edinburgh Business School, Edinburgh University, Edinburgh
- ESCP Europe, London
- University of Exeter Business School, University of Exeter, Devon
- Henley Business School, University of Reading, Henley-on-Thames and Reading
- Imperial College Business School, London
- Lancaster University Management School, Lancaster University, Lancaster
- Leeds University Business School, University of Leeds, Leeds
- London Business School, London
- Loughborough University School of Business and Economics, Loughborough University, Loughborough
- Newcastle University Business School, Newcastle University, Newcastle upon Tyne
- Open University Business School
- University of Sheffield Management School, University of Sheffield, Sheffield
- Strathclyde Business School, University of Strathclyde, Glasgow
- Warwick Business School, University of Warwick
Venezuela
 Venezuela
- IESA, Caracas
Top schools without triple accreditation
Many of the world's top business schools are not triple-accredited, while several schools that appear low in the rankings have triple accreditation.
One reason for this is that a (small) number of top business schools choose not to allocated the work resource and incur the financial cost required for international accreditation and rely only on accreditation by their national accrediting body (usually the country's education ministry).
Another reason is that the top schools in some regions do not meet one or more of the detailed criteria of the accrediting institutions and choose not to amend their policy. Notable examples are some top US business schools: Harvard Business School, Wharton, Stanford GSB, Columbia Business School, Chicago Booth, Tuck School of Business, etc., which do not meet AMBA's mandatory three-year student-work-experience requirement for all MBA students.
A third reason is that most of the 509 schools that have obtained AACSB accreditation in the US and Canada (either via the standard accreditation process or via the granting of accreditation based on their reputation as top schools) do not look outside of North America for further validation, such as through European or British accreditation.
See also
- List of AMBA-accredited institutions
- List of EQUIS accredited institutions
References
