Accreditation and Ranking
BI Norwegian Business School is the first Norwegian business school that has received the three most prestigious international accreditations.
BI Norwegian Business School is the first Norwegian business school that has received the three most prestigious international accreditations.
Schools that achieve all three accreditations, 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), are called Triple Crown Schools. Less than 1 % of business schools worldwide have achieved triple accreditation. The accreditations are proof of BI's rigorous standards.
As a student, the triple accreditation means that:
As an employer, the triple accreditation means that:
Our accreditation has been awarded by the world's leading and most respected accreditation bodies. The accreditation bodies are continuously following up to ensure that we fulfil their high requirements at all times.
These bodies have extensively assessed:
BI has had the European Foundation for Management Development (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, in 2010, in 2015 and then again in 2021. 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 the Association to Advance Collegiate Schools of Business (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 in May the Board of AACSB awarded BI with accreditation.
Association of MBAs (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.
The European Foundation for Management Development (EFMD) is one of the largest international networks in management development in the world. EFMD plays an important role in shaping an international approach to management education and is an important forum for information, research, networking and debate on innovation and best practice in management training. The network includes more than 800 member institutions in over 80 countries.
Online Course Certification System (EOCCS) is an accreditation that is designed and owned by EFMD. The accreditation was granted for the first time this year and is the only international accreditation of its kind. Based on an extensive application and review process, the accreditation is awarded to operators in the categories of Business Schools and Corporate Institutions / Universities. BI was awarded the accreditation in 2016.
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 for the first time in 2004 and given new approval in 2021.
BI has been ranked as Norway`s best business school for six years running by the Financial Times. The school also achieves solid results in other internationally prestigious rankings, such as Eduniversal Top Business Schools Worldwide and the Economist.
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.
For the students, the high rankings mean that:
For the employers, the high rankings mean that:
Over the past years BI has moved up more than 30 places in Financial Times European Business Schools Ranking. The results of the sub-rankings are summarised in a European Schools Ranking. The most important factors measured are linked to alumni´s wage levels and careers development, and customer satisfaction.
Financial Times has a total of six separate rankings that target specific educational programmes. BI competes in the top three categories listed below, as well as the summary school ranking (FT European Business School ranking).
QS World University Rankings is an annual publication of university rankings by Quacquarelli Symonds. QS World University Rankings have been praised as "the most authoritative" of the various university ranking publications.
Eduniversal selects 1000 schools to its annual ranking. The candidates are selected on the basis of reputation among the other participants. In the last years BI have been among the twenty best in Europe, along with schools as London Business School, INSEAD and HEC School of Management.
The Financial Times ranks BI among the 50 best business schools in Europe for the tenth year running in its European Business Schools Ranking for 2022.
International graduates with strong career progress and solid institutional academic results place BI Norwegian Business School’s two Executive MBA programmes among the 100 best globally, according to the Financial Times Executive MBA Ranking 2022.
MSc students from BI Norwegian Business School are seen as some of the most employable graduates globally, according to QS Business Masters Rankings 2023.
The Financial Times ranks BI Norwegian Business School as the best in Norway and number 3 in Scandinavia on the FT Masters in Finance Ranking 2022.