In February 2008 the Faculty was awarded accreditation for a further 5 years by EQUIS (European Quality Improvement System), the quality assurance arm of the European Foundation for Management Development (EFMD). The re-accreditation process involved extensive self-review, the preparation of a self-assessment report, and an international Peer Review Team visit held in October 2007.
The Peer Review Team commended the Faculty on its:
- clear and shared mission and vision;
- clearly defined strategy and objectives;
- prestigious undergraduate programs;
- pervasive research culture - "Academic research is a key strength of the Faculty";
- academic staff - "one of the best assets of the School"; and
- international activities, including active involvement in international program networks such as CEMS.
As part of its ongoing reporting requirements for EQUIS, the Faculty has identified three strategic objectives for continued improvement over the next 5-year accreditation period, with a mid-term progress report due by the end of August 2010. The next EQUIS reaccreditation review will take place in 2012.
EQUIS has accredited 121 institutions, with 34 countries represented among the accredited schools. Accreditation is granted for either 5 or for 3 years. Within Australia, the Melbourne Business School, MGSM, Monash Graduate School of Business and business faculties at the University of Western Australia, University of Queensland, University of South Australia, and Queensland University of Technology have also earned EQUIS accreditation. Click on EQUIS accredited schools to see the full list.
Earning EQUIS accreditation indicates that a business school is judged to be of international standing. The continuing benefits of EQUIS accreditation for the Faculty include:
- enhanced national and international recognition and strategic advantage;
- enhanced outcomes and innovation in teaching and learning, research and scholarship;
- assurance of quality to prospective students, employers and other stakeholders;
- maintenance of our rigorous program of strategic development and continuous improvement;
- further access to, and facilitation of, international benchmarking and networking; and
- a natural complement to our associate membership of CEMS, the Community of European Management Schools.