EFMD has announced plans to enhance and further develop its programme accreditation for leading business schools across the world
At the EFMD Annual Conference on June 6th hosted by NOVA Business School in Lisbon and following the unanimous approval of the EFMD Board of Directors, EFMD announced significant changes to the accreditation process for business school programmes.
EFMD currently has two systems to evaluate the quality of business school programmes and online courses, (EPAS & EOCCS respectively). These two systems are now being integrated into one that will be newly labelled as “EFMD Accredited”, for example EFMD Accredited – MBA; EFMD Accredited – Bachelor; EFMD Accredited – Online etc.
Prof. Eric Cornuel, President of EFMD said, “The alignment of the systems is very timely for business schools, students and companies. EFMD is a trusted reference point for quality and innovation in management development and education worldwide and the new “EFMD Accredited” label will bring greater clarity and recognition to all stakeholders on what constitutes an internationally recognised and peer-reviewed programme.”
EFMD Accredited will start in August 2019, with the schools who hold EPAS & EOCCS being automatically integrated.
EFMD runs the EQUIS quality label which accredits the whole business school and for the first time, EFMD Accredited will be available for specific programmes as an addition to the EQUIS label. The EFMD Accredited Doctoral label is exclusive to EQUIS accredited schools.
Prof. Frank Bournois, Executive Dean and President of ESCP Europe added, “I am delighted to support this initiative by EFMD as my school has EQUIS but I also have several world-class programmes that I would also like to be accredited, which will further support the ESCP brand in a highly competitive international education market.”
A group of EQUIS schools from Europe, North America & Asia, all ranked in the Financial TimesTop 100 will be paving the way with a range of programmes being put forward for EFMD accreditation. The schools include CEIBS, ESCP Europe, HEC Montreal, HKUST, IE Business School, IMD, SKEMA, St Gallen & Nottingham Trent Business School.
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