Nowadays, the business world has become very competitive, making it hard to build a decent career with just a Bachelor’s degree. Especially if you are interested in building a successful career in business, you should consider attending a Masters of Business Administration program, or MBA. However, an MBA requires much effort, as it contains two years of education and internship. With this program, you will learn how to be a team player and generate profit.
While looking for the best Masters of Business Administration, there are many things that you need to consider. The most important though is probably the MBA’s Accreditation. An accredited program will be well-respected and will open the doors to many of the most successful companies.
What is the MBA Program Accreditation?
An MBA program accreditation is essentially the approval that various institutes and organizations give to the business schools. The more prestigious the institute that gives the accreditation, that higher an MBA program scores in the eyes of the students, employers, companies, and other educational organizations. For this reason, it is very important for you to choose a program that is accredited by an institute that is well-respected and approved.
What is the Benefit of the MBA Program Accreditation?
What the Accreditation adds to the Masters of Business Administration program is that it assures its quality. Companies seek out for prospective employees that possess the credibility of a well-respected institute and the MBA’s accreditation offers just that.
Most Prestigious Accreditations
In this section, we are going to take a look at the most prestigious accreditations that MBA programs possess.
The AMBA is a shortened form of “The Association of Masters of Business Administration”. The universities that obtain this accreditation are some of the highest-ranking ones in the USA and Europe. Before a university gets this type of accreditation it undergoes strict review that evaluates both the quality of the program and the mission of the institute.
The AACSB is a shortened form of “The Association to Advance Collegiate Schools of Business”. With this accreditation, the university gets the qualification that it’s striving for the advancement of the quality of the business management education in general. For a university to obtain this type of accreditation, it is essential to be characterized by innovation and offer intellectual contributions to the industry.
The EQUIS is a shortened form of “The European Quality Improvement System”. In reality, it is an international education accreditation agency. EQUIS is different from the previous two accreditations, as it also takes into consideration the level of internationalization, along with the quality of the program.
The DETC is a shortened form of “The Distance Education and Training Council”. This council focuses on the accreditation of online institutions all over the world and the USA.
5) Triple-Crown Accreditation
As you realize, it is a great honor for an institution to have one of the above accreditations. If they do, they make sure to proudly show it. However, only the most prestigious business schools possess all three accreditations – AMBA, AACSB, EQUIS. This is commonly known as triple-crown accreditation.
Read More – Triple accreditation on Wikipediahttps://en.wikipedia.org/wiki/Triple_accreditation
What happens with Online MBA Programs?
In your search for the best Online MBA program, you need to look for its accreditation. There is a high chance that it is accredited by the DETC. However, if you want some more reputable accreditation you need to make a more thorough search, as the AACSB is very selective about the programs that it gives accreditation to. Namely, there are less than 100 online Masters of Business Administration that are accredited by the AACSB.