As business schools of different educational institutions are called, specializing in business studies. In particular, are the economic institutions of higher education and independent state or private business schools. Core offering many business schools is the Master of Business Administration. Even vocational schools occasionally bear the name " Business School ".
Business schools have different admission requirements. The following criteria are widely used:
- Graduate Management Admission Test (GMAT ), a global standardized test to measure the suitability for postgraduate business studies at Master's level
- Test of English as a Foreign Language ( TOEFL), a standardized test in which the knowledge of English is checked by non- native speakers
- A first academic degree ( with MBA programs); in the U.S., a not yet completed degree is increasingly together with touch proof of the duration of the typical for the USA first degree ( four-year bachelor 's degree ) accepted instead of a first university degree.
- First work experience ( at MBA programs )
- Letter of recommendation
- One or several essays on given themes
Following facilities are of international importance for the accreditation of Business School:
- European Quality Improvement System - EQUIS
- Association to Advance Collegiate Schools of Business - AACSB
- Association of MBAs - AMBA
In business schools, who own all three major accreditations, it is called Triple Crown. In Germany there is also FIBAA and ZEvA.
An important, albeit controversial instrument for the qualitative comparison of business schools rankings. The internationally -known rankings, each with its own strengths and weaknesses are:
- Bloomberg Businessweek - Business School Rankings & Profiles
- The Economist - Full-time MBA ranking
- Financial Times - Business Education - Rankings
- U.S. News - Top Business Schools
- Wall Street Journal - College Rankings
In Germany, many institutions and business publications conduct their own rankings, which are compared by the Centre for Higher Education Development between themselves and with internationally renowned rankings. The individual rankings is found in each case a review of the methodological approach, ie who was questioned as to what, how was it formed a ranking, a summary of the result and a link to the ranking:
- Centre for Higher Education Development - University Rankings at a glance
- Rakesh Khurana: From Higher Aims to Hired Hands. The Social Transformation of American Business Schools and the Unfulfilled Promise of Management as a Profession. Princeton University Press, 2007, ISBN 069112020X ( On the History of Business Schools ).
- Business college