BI Norwegian Business School´s vision of becoming a leading European business school will be reflected by the accreditations we hold and how we do in international rankings.
In 2008 the Norwegian Agency for Quality Assurance in Education, NOKUT, granted Specialised University Institution status to BI. This is the single-most important decision with strategic impact in the recent history of BI and a sign of recognition and final endorsement by its peers of BI as a bona fide-high quality academic institution. NOKUT also has the responsibility to review the institution´s quality assurance system for educational programmes. BI´s quality assurance system was accredited in 2004 and given new approval in 2011.
Three accreditations are especially important for a business schools with international ambitions: the European EQUIS (European Quality Improvement Systems), the American AACSB (The Association to Advance Collegiate Schools of Business) and the British AMBA (The Association of MBAs ). Schools with all three are called ”Triple Crown” schools, and they are in a class of their own among international business schools. In 2013, about 70 of an approximate total of 15 500 business schools globally, could pride themselves on a Triple Crown status.
BI has had EQUIS accreditation since 1999 and was among the first to obtain this status. Accreditation is given for a maximum period of five years and re-accreditation was bestowed upon BI in 2004/05 and then again in 2010. The requirements that have to be met are raised each time and it is no “walk over” to be reaccredited based on former merits.
BI was accepted as a member of AACSB in 2008 and has since worked actively towards accreditation. The process differs from that of EQUIS. The school is expected to mature to a level worthy of accreditation, before a final evaluation is made by an expert committee. The process is therefore extensive and can take up 7 years. BI was visited by an AACSB expert committee in January 2014, and the results of the process will be published in May 2014.
AMBA is an accreditation of the institution's MBA/DBA programmes (full-time/part-time). BI has recently devoted considerable time to restructuring and developing our executive MBA programmes. BI was awarded AMBA accreditation in November 2013.
Ranking differs from accreditation in that the institution is measured against the other participant schools based on a set of criteria. These criteria are related to characteristics of the alumni, the programme and the institution. BI participates in two of the most renowned rankings for business education, the Financial Times Ranking and the Eduniversals Top Business Schools Worldwide.
Financial Times Ranking
The Financial Times ranking consists of five sub-rankings, which are aimed at specific education programmes (e.g. Business Programmes, Master of Science and Executive MBA), and an overall school ranking. The most important factors measured are linked to our alumni wage level and career development; in other words, factors that BI can only marginally influence. In the last two years, BI has been placed among the 60-65 best schools globally, and we are moderately satisfied with this. In 2013, BI was placed 44th, and thereby climbed a total of 18 places from its 2012 ranking.
Eduniversal Top Business School Worldwide
Eduniversal allows a thousand participants annually. The ranking is based on the individual participants standing among the others. During the two recent years BI has been placed among the top twenty schools in Europe, along with such well renowned schools as London Business School, INSEAD and HEC School of Management.