As of July 2017, 82 business schools in the world hold the "triple crown" accreditation from the most sought-after international accreditations: AACSB, AMBA, EQUIS. 68% of the institutions are based in Europe.
68 percent of AACSB-accredited Business Schools are based in U.S. but none of them holds the triple accreditation. UK-based Association of MBAs considers the MBA degree as a postgraduate degree with a program cohort averaging five years experience and requires that students must have at least three years of work experience. Most institutions in U.S. accept students with a bachelor degree with no or little work experience an don't meet the AMBA requirements.
Furthermore, the AACSB accreditation body is widely recognized in North America and few institutions pursue another international accreditation. Only three U.S. business schools received the EQUIS accreditation: Krannert School of Management at Purdue University, Babson College (Olin Graduate School) and Bentley University.
Additionally, pursuing multiple accreditations involve significant costs and seeking the triple accreditation requires an initial investment of at least $100,000.
|Initial Accreditation Fees||
|Sum||$34,950||£22,000 ($28,600)||€29,250 ($33,930)|
The whole process for obtaining the AMBA accreditation starts at $28,600 (£22,000). Price goes up with assessment of programs delivered on other campuses and assessments of additional programs such as MBM (Master of Business Management) and DBA programs.
The candidate institution will have to pay the expenses for the assessors (travel, over-night accommodation and direct other expenses) which can climb up to $10,000 for each visit. Once accredition, the new member will pay annual fees to each accreditation organization.
|Netherlands, New Zealand, Spain|
|Australia, Brazil, Canada, Denmark, Finland, Germany, Mexico, Portugal, South Africa|
|Argentina, Austria, Belgium, Chile, Colombia, Egypt, India, Ireland, Italy, Norway, Peru, Poland, Slovenia, Sweden, Switzerland, Venezuela|