EQUIS 20th Anniversary – Blog Series
Prof. Jianming Ye, Dean of the School of Management, Xiamen University (SMXMU), explains how the institution went from a three-year EQUIS accreditation to a five-year accreditation and how EQUIS standards helped SMXMU excel in international rankings.
Xiamen University (XMU) was founded in 1921 by Tan KahKee, the “Henry Ford of Asia”. As a harbor at the starting point of the ancient Maritime Silk Route, Xiamen had for centuries been known for its entrepreneurs, so Mr. Tan started XMU with a school of business, majors in accounting and banking and a call to “promote awareness of world cultures.”
The School of Management, XMU (SMXMU), now one of China’s oldest and best business schools, was designated as one of the five national key disciplines in business administration and the Ministry of Education (MOE) ranks the School’s accounting as #1 in China. SMXMU has one of the first authorized MBA and EMBA programs in China, both of which are now Top 10 in China; the EMBA is famed as one of China’s “Five Golden Flowers.”
SMXMU was awarded 3-year EQUIS accreditation in 2013. In response to the Peer Review Team’s advice and under EQUIS standards, SMXMU conducted a comprehensive assessment of external environment and internal resources to further clarify its development strategy. Moreover, it has optimized the decision-making processes for teaching, research, internationalization and alumni and corporate connection in order to ensure a sustainable ecological system.
For example, SMXMU has spared no efforts to conduct improvement measures to improve its international recognition outside of East and South East Asia.
In 2013, SMXMU became one of 20 founding members of the Alliance of Chinese and European Business Schools (ACE), which was officially inaugurated in France on 31 May 2013 with EFMD as the patron.
In 2014, SMXMU joined as the Asian partner of the global leading OneMBA program. Despite initial difficulties, the School successfully implemented the OneMBA program with EQUIS standards as its guidance. As of 2016, 322 OneMBA students from 28 countries have studied in SMXMU.
Along the years, SMXMU has promoted internationalization in student exchanges, faculty recruitment and research. It also excelled in such international rankings as:
- 2014, Forbes ranked SMXMU’s full-time MBA 7th, part-time MBA 8th and EMBA program 8th in “China’s Best Business Schools of 2014”;
- 2014, Financial Times (FT) ranked the School’s open and customized EDP programs 46th and 53rd globally;
- 2014, Manager rated SMXMU 1st in “Student Satisfaction” for 10 consecutive years;
- 2015 and 2016, FT ranked SMXMU OneMBA program 34th and 29th in the world, respectively.
In 2016, SMXMU successfully obtained five-year EQUIS re-accreditation and is proud to be one of the 167 institutions around the world—the “1% of leading business schools”—holding the EQUIS quality label.
On the occasion of EQUIS’ 20th anniversary, SMXMU would like to convey its sincere congratulations to EQUIS and EFMD for their great achievements, as well as express many thanks to EQUIS for helping the School consolidate advantages, overcome shortcomings and make progress on future initiatives.
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