Triple Accreditation is a term meaning that a business school has been accredited by the three largest and most important Business school accreditation associations.
Each association assesses a business school according to different criteria. For instance AMBA looks specifically at the MBA content, whereas EQUIS corresponds to an
overall business education improvement framework. AACSB takes the most wide-ranging view of a particular institution. EQUIS' scope covers all programmes
offered by an institution from the first degree up to the Ph.D. This accreditation is generally viewed as a European standard, AACSB being an American equivalent. (Wikipedia "Triple accreditation")
Australia's first business school with triple international accreditation
Queensland University of Technology writes:
QUT is the nation's first business school to earn three symbols of excellence from the world's leading accrediting bodies. Since first gaining its triple accreditation in 2005 it has remained the only Australian business school to hold this triple approval rating and is still among less than 40 such schools worldwide.
It is your guarantee that we deliver on the highest quality international standards of business education.
The international benchmarks of excellence come from the world's leading accreditation authorities: the Association of MBAs (AMBA), the European Foundation for Management Development (EQUIS) and the US-based Association to Advance Collegiate Schools of Business (AACSB).
Accredited members are extensively assessed on their international engagement, the quality of their staff, programs and student learning and their ability to continually maintain and improve these high standards.
The AMBA accreditation was awarded in 2003 for the quality and delivery of our MBA program through the QUT Graduate School of Business, and re-affirmed in 2008.
In 2004 the QUT Business School successfully attained EQUIS accreditation, which was re-affirmed in 2008. Five year accreditation was officially awarded in 2011 following our third inernational peer review visit in late 2010.
AACSB conferred its accreditation in 2005 which was re-affirmed in 2011 following our second international peer review.
Triple accreditation overkill?
Warwick Business School writes:
WBS was the first business school in the United Kingdom to hold triple accreditation - recognition of our teaching quality from the three major, global, management education bodies.
Seeking AMBA, AACSB and EQUIS accreditations may seem like overkill, but our rationale is clear. AMBA operates a standards-based system, which WBS has always valued, and which is trusted by applicants.
Meanwhile, AACSB and EQUIS are mission-based accreditations, evaluating our activities from international perspectives. The status of the various 'kite marks' varies throughout the world, which makes
multiple accreditation important for a school with an international scope.
Lancaster University - Management School writes:
Lancaster is one of the few business schools in the world to hold triple accreditation -- recognition of the quality of everything we do from the three leading international accreditation bodies for the business school sector (AACSB, EQUIS and the Association of MBAs).
Triple accreditation is confirmation of the international scope and standing of Lancaster University Management School.
Find MBA Programs Worldwide
MBA Discussion Board Jan/Feb 2010 contributors write:
Why do UK universities run behind triple accreditation, when rest of the world including US don't give much preference ?Students who are willing to pursue their studies in UK give
more preference for this whereas in US or any where else, it is not considered as a big factor.In elite group most of the schools are from Europe...
Is it perfect yardstick to compare B schools... Any ideas?
A. Triple accreditation is a good way to verify that the school has high standards. It doesn't mean that a school with only AMBA recognitions would be any less in quality.
A. Point is no B-school like Harvard, Kellogg, Yale etc. use triple accreditation as a selling technique to market their MBA programs... It goes based on Branding, quality and reputation
of the institute. Where as in UK triple accreditation becomes a big selling strategy... Tricky!
A. Be it USA or UK...the big shots need not advertise based on accreditation. In fact, you'd hardly find any advertisement at all from B-schools already having a high brand value;
they already get too many applications than they would want to handle. But if a school is not already branded so high and it's name is not that well known how does it make its name known to the world around?
Triple accreditation is one such tool. In USA, no one cares about what universities in other countries are doing...they won't consider you to be top grade even if you graduate out of Insead. Hence AACSB is all
that matters to them...they won't care about AMBA (British) or EQUIS (European) recognitions. It's a more a question of attitude and not necessarily a trick.