MACAU, July 4 – The College of Enterprise Administration (FBA) of the College of Macau (UM) has formally obtained 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 earth 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 earth.
The FBA is the primary and the one enterprise faculty in Macao to have obtained the EQUIS accreditation. At the moment there are 207 EQUIS accredited colleges in 45 international locations across the globe. 45 of them are situated in Asia they usually embrace Peking College, Zhejiang College, the College of Hong Kong, the Hong Kong College of Science and Expertise, and the Nationwide College of Singapore.
Based on 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 provide extra progressive programs which are vital to the promotion of Macao’s financial diversification and regional integration within the Larger Bay Space, particularly within the fields of finance, accounting, tourism administration, and information science. Third, the FBA can additional enhance its educating 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 college on the map of the world’s prime 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 training establishments in administration and enterprise administration. Establishments which are accredited by EQUIS should reveal not solely excessive basic high quality in areas akin to administration, educating, and analysis, but in addition a excessive diploma of internationalisation. With the goal 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 energetic help of enterprise colleges ranked among the many prime in Europe.