WHAT YOU SHOULD KNOW ABOUT MBA RANKINGS and ACCREDITATIONS (FAQ)
1. Are EMAS and its MBA, Executive MBA and DBA programs are accredited by the Russian state?
Yes, EMAS is accredited by the Russian state, all EMAS MBA, Executive MBA & DBA programs are taught in accordance with the Federal Law on Education of the Russian Federation.
2.Which global international and national rankings is EMAS included in? What is the proof of the quality and value of EMAS MBA programs?
The first thing you should know is that only a very limited number of business schools with the proven quality of teaching that award prestigious degrees are rated are rated within global international and national rankings.
EMAS is one of few schools (200 only!) whose MBA and Executive MBA programs are rated in prestigious global international rankings and hold high positions there.
Programs of schools that are not rated in global international rankings are not recommended.
- WORLD: According to the Best Masters and MBA Ranking Worldwide, the EMAS MBA is within the top 18 in Central & Eastern Europe. The EMAS Executive MBA is within the top 24 Executive MBA programs in Central & Eastern Europe. Both programs are among the world’s top 200 programs (thousands of programs are evaluated).
- RUSSIA: According to the Best Masters and MBA Ranking Worldwide, the EMAS MBA is within the top 4 full-time on-campus MBA programs in Russia (hundreds of programs are evaluated).
- RUSSIA: According to the Russian National MBA Ranking, EMAS takes 1st place among the schools with online and blended learning MBAs & Executive MBAs in Russia.
3. What do private academic accreditations mean? Is there any accreditation which is applicable to every school in every region of the world? What guarantees the quality of MBA programs? How can you check it?
A private academic accreditation means that the teaching process in a school complies with the standards established by a private academic accreditation body or a private association of academic schools. If you see that a school is accredited by a private academic accreditation body, it means that the way it teaches classes and supports students during the program is in compliance with some criteria set by the respective body. A private academic accreditation doesn’t mean that (1) the quality of education and the real results achieved by students and graduates as an outcome of studying at a school are high, or (2) a student has good chances of building an impressive career fast and receiving high income because of his/her MBA.
You can assess the results of studying (the quality of knowledge acquired by a student as a result of his/her study as well as a career and income growth) only by looking at national and global MBA / Executive MBA rankings because they are based on surveys conducted among the graduates that represent the level of their satisfaction with the quality of our programs.
There is no universal private academic accreditation applicable to all business schools. In fact, there are hundreds of different rivalling private academic accreditation bodies located in different parts of the world. Any accreditation is paid for, this is how accreditation bodies make money. Giving a private academic accreditation to a school is the business of an accrediting body.
4. What are the types of MBA schools and which type is usually subject to a private academic accreditation? Why? Which type suits you best?
Normally MBA and Executive MBA programs are delivered in two types of schools, and characteristics of a certain program depend on the type of the respecive school. A smart student is supposed to choose exactly the type of school which corresponds to his/her goals and expectations the most. Choosing the wrong type of school will cause dissatisfaction and a student will not achieve the results he/she has expected.
1st type – Academic Business Schools (ABS). Normally ABS are the schools which are subsidiaries of established universities. They do not have very strong connections with real business and do not dig deeply into the current practical needs of real business during their classes. However, they do offer a student a good theoretical training. This is the best option for a younger manager at the lowest managerial position who is not yet familiar with the real business problems or ranked high enough to take managerial decisions. ABS is a good start for those at the beginning of their career. Although a student will not get extensive practical skills at ABS, they will get a good theoretical background which is enough. He/she is supposed to get the hands-on practical skills from further training in the future after finishing the MBA.
The absolute majority of private academic accreditations are designed for ABS. They regulate education and instruction processes (i.e. how many instruction hours, what kind of disciplines must be in the syllabus, etc.). An accredited school has no freedom to change their syllabus without the consent of an accreditation body, if it doesn't want to risk losing its accreditation. This is why accredited ABS can’t change their programs immediately once they see any emerging needs of real businesses. Such schools provide mainly academic education. However, being accredited, a school gets the useful example of a teaching process and assistance in running it. To say in brief, being privately academically accredited means to a school a good focus on theory but lack of flexebility and practical touch of its MBA.
2nd type – Implementation Business Schools (IBS). Usually IBS are the schools which are either subsidiaries of consulting companies or independent schools. They have very strong connections with real businesses and dig deeply into the practical needs of real businesses during their classes. In addition, IBS expects their students to have some working experience and educational background and therefore they pay less attention to theoretical discussions during their classes. During their studies at IBS students are expected to develop a lot of projects for their companies and implement them; students upgrade and streamline the business processes in their companies by doing these projects. In fact, thanks to an MBA training they get practical skills and immediately improve the performance of the companies they are working for. Normally it results in a faster career development and income growth. However, you should be aware that doing MBA at IBS is normally more difficult than at ABS (because of the requirement to develop implementation projects). This is also not an option for those who are looking for theoretical training rather than practical experience.
IBS are normally reluctant to undergo any private academic accreditation because they want to keep their independence and flexibility to be able to change, modify their programs as soon as it is required by following the needs and expectations of real business. Academic accreditations are impeding this level of flexibility and hence IBS do not normally seek any of them. IBS keep their ability to adjust their MBA programs to the emerging needs of business and expectations on the market.
5. Are MBA degrees issued by Academic and Implementation Business Schools considered equally by employers? How can you be sure of that?
Yes, they are. There is no difference between degrees. Both types of schools grant similar degrees and must comply with the national legislation of the country in which they have registered their MBA programs.
If you want to know if any program is valued by employers you should consider not if it has any private academic accreditation (because there are dozens of thousands of academic MBA programs are accredited by multiply private accreditation bodies who are doing money on them) but the fact if a program is globally ranked and if yes, than what place does it take in the global ranking.
That is why, ignoring any private academic accreditation to keep the vivid & fresh nature of the programs, EMAS is constantly working towards being present within global MBA rankings and improving our positions there.
The best of both types of schools participate in School Rankings. You should know that the absolute majority of schools are not allowed to participate in school rankings because of the serious concerns which ranking bodies have about the quality and value of their MBA programs. At the moment only 200 MBAs and Executive MBAs are globally ranked (compare this number with thousands of academically accredited programs!) and EMAS is within them (check our positions in the global ranking above)!
Through the years 2017 - 2018 EMAS improved its ranking positions on + 7 places (top-25 in 2018 → top 18 in 2018); it confirms that EMAS MBA degrees are of the higher quality and valued by employers.
Once a school is allowed to participate in the global ranking, students can be confident that MBA programs of the school will provide them high quality training. It is even better if the school holds high positions in a national ranking. So if you want to choose a good school with valued and respected MBA programs, you should make sure that it is listed in both national and international rankings. Keeping great places in the global ranking, EMAS MBAs are also ranked as No. 1 online & blended, and No. 4 full-time on-campus MBA in Russia.
6. What type of school is EMAS? What kind of an accreditation does it have?
EMAS is an implementation Business School, which means that our students have to do a number of consulting projects and our MBAs, Executive MBAs & DBA are enriched with business practice. It has the Russian State national accreditation (license of the Ministry of Education Series 52Л01 № 0001683) which proves that our programs are in full compliance with the strictest Russian educational quality standards (one of the strictest in the World). EMAS is reluctant to undergo any private academic accreditation due to the reasons described above.
EMAS is within the top 900 best business schools in the world – 2 Palmes Awards: Good Business School with Strong Regional Influence, the Eduniversal Business Schools ranking 2018 (France).