Here at SRT Fairs, we are constantly following the news of what goes on around the world of higher education and learned that the Burgundy School of Business is now a triple crown institution.
To understand what this means and how they achieved this accreditation, we had a one-to-one conversation with Harris Patrick, an International Recruitment Manager at Burgundy School of Business. Here is what Harris Patrick tells us:
“The main and most important international accreditations for business schools are AACSB, EQUIS and AMBA. Schools that hold all 3 are said to hold the triple crown. BSB is one of these schools, which means we are in the top 1% of business schools worldwide (only 120 out of 15000 business schools hold the triple crown).”
Which organizations are responsible for the accreditations?
AACSB = AACSB International, a global non-profit association, connects educators, students, and businesses to achieve a common goal: to create the next generation of great leaders.
EQUIS = The EFMD Quality Improvement System is an international school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development.
AMBA = Association of MBAs is a global organization founded in 1967 that focuses primarily on international business school accreditation and membership
The possibilities that stem from the various accreditations
Each accreditation demands specific criteria from its members, for example; AACSB accreditation signifies a business school’s commitment to strategic management, learner success, thought leadership, and societal impact.
What is the effect of the accreditations on the quality of education provided by the university?
They force the university or business school to implement and uphold extremely high standards based on the latest research and professional practice. Accredited institutions must meet these standards every year when the accrediting body inspects them, or their accreditation still needs to be renewed.
Triple-accredited schools are considered to be the best business schools in the world. Their undergraduate, master’s, doctoral, and executive education programs have passed rigorous standards for quality. In short, they have better programs, better faculty, better students with higher overall GPAs, more international students, and more employers that recruit from them
How important is university accreditation for students?
In the globalized world in which we live, national benchmarks carry less weight or recognition since graduating students will often work, live, and travel overseas. International accreditations that provide universal benchmarks of quality are therefore in high demand by employers recruiting from a global pool of graduates. Employers look to these accreditations as a testament to the quality of the program offered and know that students graduating from a triple crown institution will be globally-minded future leaders of tomorrow.
How can students ensure that the university they plan to attend is accredited?
Check on the institution’s website for the logo of the accrediting body.. If they hold an international accreditation, they are usually proud and will shout about it! You can also find member schools on the websites of the accrediting bodies.
Half Scottish, Half French. Background in International Education recruitment in a variety of different roles. Following 8 years in London, Patrick has re-traced his roots and emigrated to France. Attracted by the gastronomy, vineyards and ‘savoir vivre’ the region is known for, Dijon – the capital city of Burgundy – has been his home for the last 12 months. It’s an exciting time for BSB which is seeing a period of exponential growth in terms of the internationalization of the student population. With 75 + nationalities on campus, a secondary campus in the cosmopolitan city of Lyon, and the offer of immersion in one of France’s most beautiful regions; it becomes clear why student applications at BSB are on the rise. Excited to be a part of this transition!