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 Improvement (EFMD). With the attainment of this prestigious accreditation, the FBA now joins an unique group of enterprise faculties 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 Colleges of Enterprise (AACSB) in america, and the Affiliation of MBAs (AMBA) in the UK. There are solely 116 triple-accredited enterprise faculties on the earth.
The FBA is the primary and the one enterprise college in Macao to have obtained the EQUIS accreditation. Presently there are 207 EQUIS accredited faculties in 45 international locations across the globe. 45 of them are situated in Asia and so they embody Peking College, Zhejiang College, the College of Hong Kong, the Hong Kong College of Science and Know-how, and the Nationwide College of Singapore.
Based on UM Rector Yonghua Track, the attainment of the EQUIS accreditation by the FBA is of serious significance: ‘First, with this accreditation, the FBA can higher benchmark itself towards worldwide requirements and promote additional improvement. Second, the FBA can supply extra progressive programs which might be essential 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 knowledge 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 faculties. 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 might be accredited by EQUIS should reveal not solely excessive basic high quality in areas reminiscent of 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 various institutional and cultural contexts, EQUIS was created in 1997 by a mandate of EFMD’s member enterprise faculties, with the precise energetic help of enterprise faculties ranked among the many prime in Europe.