European Quality Improvement System
EQUIS stands for "European Quality Improvement System " - a system for accreditation of business schools, which by the European Foundation for Management Development ( EFMD ) was introduced in Brussels in 1997. The initiative was supported by the Commission of the European Union and has been designed in cooperation with existing national, European accreditation institutions; on the German side, this was initially the Central Evaluation and Accreditation Agency ( ZEvA ), later followed by the Foundation for International Business Administration Accreditation ( FIBAA ).
The aim of this initiative is to establish a uniform, European quality standard for business schools that meets international standards as they apply in the U.S. for a long time; they were put there by the AACSB accreditation institution founded in 1916.
In Germany, only Economic and Social Science Faculty of the University of Cologne, the business school of the University of Mannheim, the EBS University of Economics and Law, ESCP Europe, as well as the WHU have so far - Otto Beisheim School of Management EQUIS accredited. In Switzerland, the economics faculties of the Universities of Zurich and Lausanne, the International Institute for Management Development in Lausanne and the University of St. Gallen and in Austria, the Vienna University of Economics.
Other accrediting organizations
- Association of MBAs - AMBA
- Association to Advance Collegiate Schools of Business - AACSB
- Foundation for International Business Administration Accreditation - FIBAA