‘Triple Crown’ International Accreditations
Monash University is the only University within the prestigious Group of Eight to have achieved triple accreditation for its Melbourne-based Business and Economics faculty. 'Triple crown' accreditation is an exclusive quality indicator that reflects a truly international reputation.
The Faculty of Business and Economics engages in high quality research and education across all its disciplines in order to improve the human condition and have a positive impact on a changing world.
The Faculty pursues its mission by:
- recruiting talented staff and students and providing them with a responsive, relevant and challenging intellectual environment that supports academic excellence
- leveraging its scale, scope and international reach to conduct high quality research that extends the boundaries of knowledge
- applying knowledge in a way that helps to address the theoretical and practical challenges that face communities around the world
- delivering degree programs that develop, enhance and reward critical and creative scholarship and global engagement
- embracing a philosophy of continuous improvement driven by rigorous self-assessment and external benchmarking.
The Faculty is committed to enhancing its reputation through the retention and achievement of recognised international accreditations, notably The EFMD (European Foundation for Management Development) Quality Improvement System (EQUIS), The Association to Advance Collegiate Schools of Business (AACSB) and The Association for MBAs (AMBA). The Faculty is also a signatory to the Principles for Responsible Management (PRME) and is implementing the six principles of PRME through its education, research, strategic partnerships and membership networks. Such accreditations and signatories enhance the Faculty's links with the professions and accredited institutions across the globe.
Why is accreditation important?
Accreditation symbolises the Faculty’s commitment to quality assurance in its programs and continuous improvement. The achievement of accreditation by leading international accreditation associations demonstrates that Monash and the Faculty have met a high-level standard of quality assurance and satisfied the criteria by a team of independent international peer reviewers.
AACSB and EQUIS are the pre-eminent international accrediting bodies based in the US and Europe respectively. The Faculty has had EQUIS accreditation since 2006 and received AACSB International Business accreditation, for its various business programs in August 2013. The Faculty's MBA program has been AMBA accredited since 2006.
Programs in the Faculty also have professional recognition with various national and international associations.
In addition to its international accreditations and signatories, the Faculty is also a member of:
Association of Asia Pacific Business Schools (AAPBS)
Monash has held AAPBS membership since 2005. Other members include educational institutions from across Asia and the Pacific, AACSB, EQUIS and a number of European and American universities.
Globally Responsible Leadership Initiative (GRLI)
GRLI's mission is to "develop a next generation of responsible leaders" through collective and individual actions. GRLI is the joint operational arm in responsible management education of AACSB International and EFMD. Consistent with the Faculty's mission, vision and values, the Faculty has joined GRLI as a partner and pledged a commitment to embed GRLI initiatives throughout our programmes and internal governance.
In 2014, Monash also became an academic partner of the Quantitative Techniques for Economics and Management (QTEM) Masters global network promoting collaborations between elite business students, universities and international companies.
The Faculty Accreditation Team
Responsible for the overall leadership and management of the Faculty's accreditation relationships; manages the Faculty's external accreditation objectives; provides the lead on and coordinates the accreditation events for the Faculty.