Prof. Colin Eden and Prof. Bhimaraya Metri of Strathclyde SKIL Business School (SSBS) agree on how accreditation out-ranks rankings
Rather than volatile 'rankings' students should look to international accreditations when selecting a business school say two education experts.
- (1888PressRelease) December 28, 2011 - International accreditation, not ranking, is the hallmark of a top business school in today's global market - and Strathclyde SKIL Business School (SSBS) as a part of University of Strathclyde Business School (SBS) enjoy the status of three such accreditations, putting it in a very select group.
SBS is accredited by the European Quality Improvement System (EQUIS), the Association to Advance Collegiate Schools of Business (AACSB) and the Association of MBAs (AMBA), which Prof. Bhimaraya Metri noted in a Times of India article "are three of the most highly regarded international accreditations in the realm of higher business education."
EQUIS focuses on school diversity and relationships with the business world, AACSB puts emphasis on how a school uses its resources to bring it up to a top level and AMBA concentrates on the quality and relevance of programs.
"Worldwide less than five per cent of B-schools are accredited by AACSB," said Prof. Metri, "1.05 per cent of B-schools are accredited by EQUIS and 1.5 per cent of B-schools are accredited by AMBA. Only less than one per cent of business schools (55 B-schools) in the world hold 'triple accreditations' from EQUIS, AACSB and AMBA."
Prof. Colin Eden, Vice-Dean and Director of the International Division of Strathclyde University says students must give more weight to accreditations compared to rankings, pointing out: "Rankings are very volatile. A university one year can be ranked 50, the next year it can get ranked 80, or vice-versa. Things cannot change that rapidly in the academic world."
Accreditations are really difficult to come by, says Prof. Eden, requiring lots of paperwork and documentation, followed by visits from a panel of three Deans from across the globe who meet with staff, students, alumni and employers to determine the quality of education being given to students.
But such accreditations assure both students and the corporate world their education was obtained at a school of international acclaim - one that teaches the skills employers require.