In order to assess whether an MBA program fulfills certain minimum qualitative requirements, accreditation is required in many countries, or the providers voluntarily undertake such an accreditation. The accreditation procedures are used to determine whether the institution and its courses fulfill minimum qualitative requirements on the basis of defined, internationally compatible standards by independent bodies. However, the requirements of the accreditation institutions are different. considerably.
The following institutions are of international importance for the accreditation of business schools or MBA programs:
Business Crown, which has all three major accreditations, is called Triple Crown.
Accreditation in Germany
In Germany, MBA programs are regarded as continuing education courses. In many Länder, this means that funding is exclusively or primarily through study fees. Accreditation is carried out by accreditation agencies recognized by the Accreditation Council, whereby the accreditation can be carried out simultaneously by several agencies. At present (26 March 2011) there are ten recognized agencies: ACQUIN, AHPGS, AKAST, AQA, AQAS, ASIIN, evalag, FIBAA, OAQ and ZEvA. However, the meaningfulness of the accreditation is limited, since the MBA is not precisely defined in German Higher Education Law and the Guidelines European MBA Guidelines of the EFMD in Germany are not binding. In this way, special forms can be accredited as an MBA, for which the EFMD recommends other MBA terms.
Accreditation in Austria
In Austria, the Austrian Accreditation Council approved accreditation for MBA courses at private universities by 2012. Since then, the Agency for Quality Assurance and Accreditation Austria (AQ) has been responsible. Currently, MBA programs are accredited by three private universities (Module University Vienna, Private University Schloss Seeburg and Webster University Vienna).
State universities in Austria need not have their programs accredited, but sometimes voluntarily submit to an accreditation procedure. For example, some of the MBA programs of the Executive Academy of WU Vienna are accredited by AACSB, EQUIS or FIBAA. FIBAA accreditations are also supported by the LIMAK programs in Linz, the Leoben University of Leoben, the SMBS, the Continuing Education Center of the Vienna University of Technology, the Graz International Management Center, the MBA program of the FH Vienna, University of Krems. MBA programs are also offered by the Johannes Kepler University of Linz and by the University of Klagenfurt, but they do not provide any information on any accreditations on their website.
Furthermore, there were still programs of non-university students in the form of so-called university courses, which were established by ministerial regulation and without accreditation requirements. These courses could only be run until 2012, some of these institutions have offered their MBA programs since then in cooperation with Austrian or foreign universities. Even among these providers, there are some who voluntarily submit to accreditation, mostly through FIBAA. Some foreign universities also offer MBA programs in Austria and then award contracts from their home countries.