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.
The three most renowned accreditation systems world wide are the European Quality Improvement System (EQUIS), the Association to Advance Collegiate Schools of Business (AACSB) and the Association of MBAs (AMBA).
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 given membership in AACSB in 2008 and is well underway in its preparations for AACSB accreditation. The process differs from EQUIS in that the school must document that it meets the quality standard before it can enter the final stage of the process. This opens up for a fairly lengthy process that may last up to seven years. BI´s goal is to complete the process in 2013/14.
BI obtained the AMBA accreditation in 2013 and is the first Norwegian business school to achieve the prestigious accreditation. AMBA accredits institutions of higher education based on full-time and part-time MBA programmes, and awarded full marks to both BI’s own EMBA programme and to the programme which is run jointly with Fudan University in China, the BI-Fudan MBA programme.
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 partial rankings, addressing specific programmes (customised programmes, master of science programmes, executive MBAs etc.), and a final school ranking. The most influential criteria pertain to alumni salary levels and carreer development, two factors that BI at best can influence indirectly. In 2013, BI comes in as number 44 in the Financial Times' annual ranking of schools. This means that BI climbed a total of 18 places and continues the positive development from last year.
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.