The Faculty of Business Administration (FBA) of the University of Macau (UM) has been granted EQUIS eligibility by the European Foundation of Management Development (EFMD). EQUIS, an acronym for EFMD Quality Improvement System, is one of the three most prestigious business accreditations in the world. The other two highly sought-after business accreditations are AACSB (Association to Advance Collegiate Schools of Business) and AMBA (Association of MBAs), which the FBA earned in 2019.
The process leading to EQUIS eligibility is very demanding and challenging. Receiving EQUIS eligibility is an important milestone towards achieving full EQUIS accreditation, which will lead to the FBA becoming a ‘Triple-Crowned’ business school – an accolade given to business schools who have gained all three business accreditations. Now, fewer than 100 business schools in the world (accounting for around 0.6 per cent of all business schools) have attained the status of ‘Triple Crown’. Only 12 of them are in Asia.