The University of Cape Town Graduate School of Business (GSB) has received another international MBA accreditation, taking the school one step closer to being triple-crowned. The accreditation confirms that the best value-for-money MBA in the world, recognised as such by this year’s Financial Times (FT) Rankings, is also one of the best MBAs internationally.
The latest accreditation has been granted by the Association of MBAs, the international impartial authority on postgraduate MBA education. The AMBA accreditation is considered the global benchmark for MBA, DBA and MBM programmes, and represents the highest standard of achievement.
“We welcome this accreditation and are proud of it because it confirms the value of our MBA offering at the school, building our reputation as a globally competitive institution, and it brings us closer to becoming a triple-crowned business school,” said director of the GSB, Professor Walter Baets.
It also affirms the school’s mission to become fully internationalised. Attracting students from around the world, and particularly from other emerging economies such as India, with an offering that delivers an understanding of values-based business, thriving in an environment of complexity and social entrepreneurship is rooted in the vision of growing emerging market leaders.
The full-time MBA programme at the GSB moved up six places to be ranked 54th in the latest FT of London’s Global MBA Top 100, released earlier this year. The school remains the only business school in Africa, and one of a handful from emerging markets, ranked in the FT MBA Top 100 for its full-time programme, and this is the eighth consecutive year that it has been listed.
The GSB already has EQUIS accreditation and now the AMBA. In order for it to become a triple-crowned business school it needs an accreditation from The Association to Advance Collegiate Schools of Business (AACSB). Out of 13 670 schools offering business degree programmes worldwide, only 57 are triple-crown accredited.
“It is our goal to be triple crowned. And there is a good chance that we will be if the feedback we received from AMBA is anything to go by,” said Baets.
He said that special recognition was given by AMBA to not only the GSB’s fulltime MBA but also to its Executive MBA programme (EMBA).
“They were very impressed by the school and by our EMBA, for its innovative, original approach and relevant content,” said Baets. “I think it is because of this that we received a five-year accreditation straight away, which is quite rare.”
Baets said the latest accreditation and the 2012 FT rankings will inspire confidence in current and prospective students that the UCT GSB offers an MBA on a par with the best in the world, and that a qualification from the business school will allow them to compete on a global level.
“We aim both to raise the profile of emerging market business schools as centres of excellence and thought leadership, and to provide local and international students with the skills they need to take on the challenges of this decade’s emerging markets,” he said.