Hult Alumni Magazine | Page 7

What is EQUIS accreditation? What is AACSB accreditation? EQUIS is a global accreditation scheme for leading institutions of business education. It is granted and run by the European Foundation for Management Development (EFMD), whose mission is to raise the standard of management education worldwide. It is arguably one of the most rigorous of international business school accreditation schemes, taking schools several years to prepare for the process of accreditation. The Association to Advance Collegiate Schools of Business (AACSB) is the world’s largest business education alliance and is internationally recognized as a hallmark of quality reserved for business and accounting programs at bachelor, master, and doctoral levels. There are currently 816 business schools in 53 countries and territories that have earned AACSB accreditation, 500 of which are based in the U.S. Hult achieved this accreditation on June 19, 2017. EQUIS makes a comprehensive and holistic assessment of the school, looking not only at the degree programs offered but also at the activities of the institution—from teaching, research, and business connections, to executive education provision, community outreach, alumni relations, student opinion, and administration resources. EQUIS has a particular focus on internationalization and relevance, looking at a school’s connections with the real world of global business. EQUIS accredited institutions are expected to have an innovative learning environment that develops leadership and entrepreneurial skills, while simultaneously fostering a sense of global responsibility. What is AMBA accreditation? The Association of MBAs (AMBA) is an impartial international authority that represents the highest standard of achievement in postgraduate business education and it is earned by only the best programs globally. It currently accredits over 240 MBA programs offered by business schools in more than 70 different countries. Hult secured this accreditation on April 27, 2016. EQUIS currently accredits 176 international business schools operating in 40 countries. Three U.S.-based business schools, including Hult, currently have EQUIS accreditation. 1% number of business schools worldwide to be triple accredited What does it all mean for Hult? The new accreditation stands as a testament to the quality of our forward-thinking, global approach to business education and the on-going success of our graduates around the world. 7