Self-Regulation with Accreditation
European Federation of Management Development is now called EFMD Global. EFMD is an international non-profit, membership driven organisation dedicated to management development. It is Recognised globally as an accreditation body for business schools, business school programmes, and corporate universities.
The organisation has around 972 Institutional members across 90 countries, and acts as a catalyst to promote and enhance excellence in management development. Based in Brussels, Belgium EFMD has offices in Geneva, Hong Kong, Miami and Prague.
India now has Seven EQUIS accredited schools with the newest addition of SVKMS Narsee Monjee University NMIMS.
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The Indian schools that received the EFMD's institutional accreditation called EQUIS
Indian Institute of Management Calcutta (IIM C) (now the first triple crown accredited school with AACSB and AMBA added)
Indian Institute of Management Indore IIM Indore The second school to get triple crown accreditation
SVMKM's NMIMS University, Mumbai
has become the seventh B-school to obtain the EQUIS accreditation which is also being conferred after a long time on an Indian University. Congratulations for this stellar achievement.
The first ever EFMD-EPAS (now changed only to EFMD) accreditation has been conferred on an Indian school SDMIMD, Mysore. The school also went for BSIS Business School impact system recognition listed below
Rajagiri Business School, Cochin
School of Business Woxsen University are also EFMD accredited.
Accredited schools: BIMTECH Noida
SDMIMD Mysore
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EFMD Global Member Schools in India
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AIMS Institutes
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AMDISA
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Birla Institute of Management Technology (BIMTECH), Greater Noida
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Global Risk Management Institute
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Indian Insttitute of Management Jammu
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Indian Institute of Management Shillong
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Indian Institute of Management Kashipur
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Indian Institute of Plantation Management, Bangalore (IIPMB)
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IMI Kolkatta
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IMI New Delhi
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N. L. Dalmia Institute of Management Studies and Research, Mumbai
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Prin.L.N. Welingkar Institute of Management Development & Research, Mumbai
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SCMS Cochin
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SDMIMD, Mysorei
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Xavier Institute of Management & Entrepreneurship (XIME)
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*Those marked in colour are Accredited schools.
Revised EQUIS research standard empowers schools to showcase research diversity
Writing in EFMD Pagaes Jett Vercruse says the The revised EQUIS research standard gives broad recognition to a wide range of research types, from academic to practice-oriented. It requires schools to establish a clear research strategy aligned with their objectives and implement robust support systems for faculty. The reformulated research reporting framework allows schools to improve data collection and self-representation regarding practice-oriented research (more)
Alfons Sauquet, EFMD Director of Quality Services and EQUIS, commented "When our task force began looking at the revision of the research chapter in 2023, our goals included endorsing a richer and more complex view of research in EQUIS schools and improving the scope of research in EQUIS accreditation, increasing attention to practice-oriented research, separating innovative methods of teaching from research, improving research reporting to include data collection, and enhancing the school’s public reputation.”
“With the latest changes to chapter five, we have now given schools a better framework to tell their stories — to showcase what is most important to them, be it excellence in academic or practice-oriented research.”
EFMD Global membership offers the unique opportunity to become part of the leading international network in the field of management development.
The massive network 30,000 management professionals from academia, business, public service, and consultancies, helps EFMD Global to play a central role in shaping global approach to management education and provide a unique forum for information, research, networking and debate on innovation and best practice.
ACCREDITATION
Business schools (EQUIS) EFMD Quality System is the most comprehensive institutional accreditation system for business and management schools
EFMD Programmatic Accreditation System which was formerly called EPAS provides the rigorous standards for programme instead of institution.
Online courses (EOCCS)
European Online Course Certification System provides top quality benchmarks in digital learning
ASSESSMENT
Corporate universities (CLIP)
Corporate Leadership Improvement Programme (CLIP) is for corporate varsities
EFMD GN Deans Across Frontiers EDAF is an assessment and mentoring system for business schools.
EFMD-EQUIS Accredited schools worldwide