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EFMD Programme Accreditation: Updates 2022

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EFMD Programme Accreditation: Updates 2022

EFMD revises the documentation supporting EFMD Programme Accreditation periodically and updates are usually provided in the first third of each calendar year.  QED’s overview of the updates made as part of the 2022 publication, together with an assessment of the significance of the change can be found in this downloadable PDF file.

The 2022 updates are notable as they mark an extensive review, designed to provide “easier orientation” for viewers, as well as reflecting relevant developments and trends.  These trends are summarised within this document.

Overall, QED’s view is that the revised documents do not carry significant changes from an accreditation viewpoint.  They are easier to follow and reference, plus the increased emphasis perceived in previous updates is continued here – with specific identification of two key areas (digitalisation and research) as areas of focus. These two ‘areas of focus’ are in addition to the normal transversal themes of Internationalisation, ERS and Connections with Practice.

It should be noted that the updates and developments include several changes to the format and content of the EFMD Programme Accreditation Datasheet.

NB: This document represents QED’s interpretation of the EFMD Accredited Updates.  We recommend that you view the updated documents directly – which are available from EFMD’s website

As above, QED’s summary of the updates across the key documents is available in this downloadable PDF file.

 

For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.

New article – What is the Triple Crown (and why should it matter?)

By | Resource

In this short article, QED’s Lead Advisor, Joanne Powell, introduces the concept of “triple crown” in business schools and how this “seal” can be useful for those seeking a business school of quality and excellence when choosing an MBA, specialised master’s degree or even a PhD.

The article has been published in Triple Crown Business School (2021/22 edition)  pp 5-6.

Email QED to learn more

Accreditation Fees & Costs – Oct 2021

By | Resource

Accreditation Costs

There are several facets to the costs of accreditation:
  1. Payments made to the relevant accreditation bodies and comprise a mix of membership fees, accreditation fees and other expenses etc.  These are relatively fixed and easy to estimate (see link below).
  2. Staffing and advisory costs to support accreditation.  These are harder to estimate, and depend on several factors. For example:
    • Will there be an accreditation team with sufficient time and experience to manage the full accreditation process?
    • Are there additional faculty allowances given to accreditation?
    • Will the School require some external input, to support the internal resources?
  3. Investment Costs:  These vary hugely from school to school and naturally depend on each School’s strategic priorities.  Of course, strategic investment costs are not always linked to accreditation: Some strategic decisions will be made regardless of accreditation plans.  Others may only be made as a consequence of accreditation.

QED has listed the costs and fees associated with each of the accreditation bodies (#1 above), valid as of 26 October 2021.  These can be viewed here.

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Accredinator Updates – Sept 2021

By | Accredinator, Resource

The Accredinator – Summary of Updates to Sept 2021

H2 Software has launched the following updates to Accredinator.

Activity Updating and Reporting
  • Tables have been updated to reflect any changes made in the updates to AACSB, EQUIS and EFMD Accredited (formerly EPAS) standards and guidance.
  • Additional AACSB Faculty Classification details are now embedded into faculty profiles – so that users can see exactly how each faculty member’s activities contribute towards classification (in line with each School’s faculty classification policy).
  • An ‘Activity Survey‘ has been added: Using this, the Accreditation Team can download each faculty member’s listed activities. The template lists existing activities and provides space for faculty members to add new activities.  The updated survey can then be re-imported back into The Accredinator.  This means that the Accreditation Team does not have to re-key the activity information: it is automatically incorporated from the updated Activity Survey.
  • For AACSB, the activity import (as mentioned above) will automatically update the faculty qualification status where relevant.
  • The new ‘Hub’ section of the software (see ‘Additional Reporting’ below) facilitates reporting of activities  – filtered by date range, activity type etc.
External Parties (Industry links etc)
  • The software now includes the ability to add “External Parties” (such as collaborative partners, industry partners etc) and to link activities (such as publications, faculty engagement etc) to these parties.
  • It is also possible to tag exchange partners (Student exchange partners).
  • Summary reports can be generated – filtered by date, external party and country/region.
  • A map of partners can be printed – providing a useful visual of partner locations around the world (filtered by student exchange or industry partners)
Additional Reporting
  • The Accredinator now contains a central hub – to facilitate useful reports that are non-accreditation specific (e.g. list of faculty in post; list of activities by type etc);
  • It is now possible to print CVs and fact sheets for faculty members (based on the information held within Accredinator). CVs are organised into A-Z folders – so they can be copied into the virtual base room by a single click!
  • Additional functionality is being added to make reporting more accessible for other accreditations (such as Athena Swan; Prime etc)

The Accredinator is a software application that helps business schools with accreditation requirements for AACSB, AMBA and EFMD.  You can learn more about The Accredinator (including booking a free demo) here.

Learn more here

EQUIS: Updates to standards and guidance 2021

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EQUIS Standards and Guidance: Updates 2021

EFMD revises the documentation supporting EQUIS periodically.  QED’s overview of the updates made as part of the 2021 publication, together with an assessment of the significance of the change can be found in this downloadable PDF file.

Whilst most changes are unlikely to be significant, there are a small number which should be considered by institutions within the accreditation process OR preparing for re-accreditation.

NB: This document represents QED’s interpretation of the EQUIS Updates.  We recommend that you view the updated document directly – which is available from EFMD’s website:

Currently, other documents remain as per previous updates

As above, QED’s summary of the updates across the key documents is available in this downloadable PDF file.

For advice and further details on any of the above, please contact the QED Accreditation Team at info@QEDaccreditation.com.