Is it necessary to go for an accredited MBA program?
How does it matter if your MBA program is accredited or not?
Which are the accreditations one must look for before taking up an MBA program?
Surely, these are some of the questions which will be hovering in your mind before choosing a world-class university for your MBA program.
Sit back and relax as all your queries are about to get the simplest answers.
It is rightly said that pursuing an MBA degree is a huge commitment which requires time, money and the right college.
Now, when you start this deliberate hunt for the right college, accreditations come into play.
Let’s start answering your questions.
Q1. Is it necessary to go for an accredited MBA program?
- Technically, yes.
- An accredited MBA program is like a piece of hallmarked jewellery.
- The way you do not doubt upon the purity of a hallmarked jewel, similarly, an accredited MBA program leaves you in no doubt regarding the quality and credibility of the institution.
Q2. How does it matter if your MBA program is accredited or not?
If you have a confusing, long list of colleges and are struggling to decide which one to join, then go for the accredited ones. Accredited MBA program would mean eligible faculty, administration, researchers and corporate partnerships.
In today’s economically competitive environment, employers look for more education, experience and solid diploma before hiring.
So, it is important to choose an MBA program which is accredited and is well regarded.
Also, accreditation assures that an institution has been through rigorous testing and judgements by experts and deemed satisfactory to confer degrees.
Accreditors look at an institution’s student body, faculty, graduation rates, facilities, curriculum, and alumni gratification to determine whether the institution meets Certification worthy standards.
Q3. Which are the accreditations one must look for before taking up an MBA program?
The Association of MBAs suggests that MBA accreditation adds value to institutions that grant MBAs.
– Following are the most prestigious accreditations available for MBA programs.
- The AMBA stands for “The Association of MBAs.” To become accredited by AMBA the institute needs to be a global leader.
To get this accreditation, institutes have to undergo tough review criteria. This is the reason why institutes accredited by AMBA holds the highest ranks.
- Their testing methods help the MBA program understand its shortcomings and fix them as well.
- As a process to become accredited by AMBA the institute must submit a petition for review and meet all the baseline criteria described on the AMBA website.
- The AACSB is the abbreviated form of “Association to Advance Collegiate Schools of Business.”
- To become accredited by the AACSB, the faculty and staff are not merely expected to teach their students but produce intellect. Moreover, the institute also needs to make sure that students are gaining professional experience. They look closely into how the institute is managed and the level of innovation.
- Again, as a part of the MBA accreditation process, a petition is needed to be sent to AACSB. They will evaluate and work with the institution to meet the expectations.
- The EQUIS stands for “The European Quality Improvement System“.
- It is an international education accreditation agency which concentrates on certifying business and management institutions.
- Different from AMBA and AACSB, its review criteria are based upon the quality business school and also considers the internationalization of institutes.
- The DETC stands for ” The Distance Education and Training Council“.
- Their emphasis is on accrediting online educational institutes internationally.Till now they have given accreditation to more than 100 online educational institutes, providing quality education to distance learners.
- Their accreditation standards include student services, academic support services, ethical business practices, curriculum requirements, research resources and financial capacity.
To sum it up, it is highly advisable to the potential business school enrollers to inquire about the MBA accreditations achieved by the educational institute you are looking to build your career in.