UM School of Enterprise Administration receives EQUIS accreditation
MACAU, July 4 – The School of Enterprise Administration (FBA) of the College of Macau (UM) has formally acquired the EFMD High quality Enchancment System (EQUIS) accreditation from the European Basis for Administration Growth (EFMD). With the attainment of this prestigious accreditation, the FBA now joins an unique group of enterprise colleges on the planet which have gained accreditations from the three main worldwide accreditation our bodies: EQUIS within the European Union, the Affiliation to Advance Collegiate Faculties of Enterprise (AACSB) in america, and the Affiliation of MBAs (AMBA) in the UK. There are solely 116 triple-accredited enterprise colleges on the planet.
The FBA is the primary and the one enterprise college in Macao to have acquired the EQUIS accreditation. At present there are 207 EQUIS accredited colleges in 45 international locations across the globe. 45 of them are situated in Asia and so they embody Peking College, Zhejiang College, the College of Hong Kong, the Hong Kong College of Science and Expertise, and the Nationwide College of Singapore.
In response to UM Rector Yonghua Track, the attainment of the EQUIS accreditation by the FBA is of great significance: ‘First, with this accreditation, the FBA can higher benchmark itself in opposition to worldwide requirements and promote additional growth. Second, the FBA can supply extra progressive programs which might be vital to the promotion of Macao’s financial diversification and regional integration within the Higher Bay Space, particularly within the fields of finance, accounting, tourism administration, and information science. Third, the FBA can additional enhance its instructing high quality and domesticate extra excellent professionals for Macao and China.’
Reflecting on the journey of EQUIS accreditation, Prof Ge Wei, interim dean of the FBA, says: ‘The FBA has beforehand attained accreditations from AACSB and AMBA. Gaining the EQUIS accreditation will additional put the school on the map of the world’s high enterprise colleges. It’s a new begin for our college.’
EQUIS is the main worldwide system of high quality evaluation, enchancment, and accreditation of upper schooling establishments in administration and enterprise administration. Establishments which might be accredited by EQUIS should display not solely excessive normal high quality in areas corresponding to administration, instructing, and analysis, but in addition a excessive diploma of internationalisation. With the intention of offering a superb framework for assessing high quality in extremely numerous institutional and cultural contexts, EQUIS was created in 1997 by a mandate of EFMD’s member enterprise colleges, with the particular lively help of enterprise colleges ranked among the many high in Europe.