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Accreditations

Accreditation is a process of external review used in education to assess programmes and institutions for quality assurance and quality improvement. It is helpful in many aspects, from ensuring that students are learning relevant material to evaluating such things as student services, faculty qualifications, curricula, mission, governance, administration, institutional resources, and relationships with internal and external constituencies.

The process of accreditation provides Frankfurt School with an opportunity for critical self-analysis, and typically includes self-evaluations, peer-reviews and the review of strategic plans. In this way, it is an incentive for self-improvement and an opportunity for consultation and advice from experts of other institutions.

Institutional Accreditations

Institutional accreditation is a review of our entire educational organisation in terms of mission and standards or criteria. It may be carried out by national or regional accrediting bodies, as well as international agencies, for example in a particular discipline (i.e. AACSB or EQUIS for business administration). These agencies perform a review of the entire university, from operating budgets to student services. In most cases, institutional accreditation must be maintained, meaning a school is reviewed every few years.

AACSB

Frankfurt School earned AACSB International accreditation in May 2014.

AACSB accreditation is the hallmark of excellence in business education, earned by less than five percent of the world's business programmes. Today, there are 736 business schools in 48 countries and territories that have earned AACSB accreditation. Only nine business schools, including Frankfurt School, are AACSB accredited in Germany.

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Achieving AACSB accreditation is a process of rigorous internal review, evaluation, and improvement, and takes several years to complete.

During these years, Frankfurt School developed and implemented a plan to meet AACSB’s accreditation standards, requiring a high quality teaching environment, innovative academic programmes, and active engagement with industry. All accredited schools must go through a peer review process every five years in order to retain accreditation.

German Council of Science and Humanities

In January 2010, Frankfurt School obtained a ten year accreditation by the Wissenschaftsrat, the longest possible period.

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Institutional accreditation by the German Council of Science and Humanities (Wissenschaftsrat - the official German government council and top agency for accrediting institutions of higher education and research) is required for all private universities in Germany. This institutional accreditation is a quality assurance process intended to determine if a non-state higher education institution provides services in teaching and research that meet established scientific and academic criteria.

EQUIS

In June 2014, Frankfurt School earned the prestigious EQUIS accreditation, one of only five institutions in Germany.

EQUIS assesses institutions as a whole, evaluating all activities and sub-units such as degree and non-degree programmes including executive education, research and community outreach. Accreditation, as with other accrediting bodies, is awarded to business schools based on quality. 

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EQUIS differentiates itself by looking for close interaction with the corporate world and a high level of internationalisation. EQUIS also looks at a school’s strategy, and the actions it undertakes to achieve its strategic objectives.

The EQUIS accreditation was launched in 1997 by the European Foundation for Management Development (EFMD), a leading international network of business schools and companies at the forefront of raising the standards of management education and development globally.

EQUIS accreditation has been earned by less than 1% of the world's business schools with, today, 156 business schools in 40 different countries accredited. EQUIS is a continuous improvement process, whereby accredited schools commit themselves to periodic reviews vis-à-vis the EQUIS quality standards and criteria.

FIBAA

In July 2015 Frankfurt School was awarded the System Accreditation by the Foundation for International Business Administration Accreditation (FIBAA) for six years.

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FIBAA System Accreditation is an important seal of approval for Frankfurt School’s internal quality assurance system, as well as the overall quality of the business school’s academic programmes.

The award means that all academic programmes offered by Frankfurt School – including any newly launched courses – are fully accredited during the accreditation period. Frankfurt School is one of just eight German higher-education institutions entitled to display the FIBAA quality seal.

FIBAA is a European, internationally oriented agency for quality assurance and quality development in higher education. FIBAA is authorised by the German Accreditation Council (Akkreditierungsrat) to carry out and award programme and system accreditations in Germany with the quality seal of the Akkreditierungsrat.

Specialised or programme accreditations

Specialised accreditation is associated with the accreditation of our individual academic programmes. It is carried out by accrediting bodies that apply specific standards for curriculum and course content. These organisations undertake this responsibility in ways similar to institutional accreditors, requiring a self-study, a review by peers and a final verdict.

Currently, Frankfurt School’s programmes are accredited by the Foundation for International Business Administration Accreditation (FIBAA). The Master of Science in Auditing is accredited by AQAS.

FIBAA

The majority of Frankfurt Schools’ academic programmes have been accredited by FIBAA since 2006, and will be covered under the umbrella of the FIBAA System Accreditation from 2015 onwards.

FIBAA Premium

That aside, Frankfurt Schools Master of Science in Finance and Bachelor of Science have received FIBAA’s premium seal.

Certifications

Frankfurt School is certified to offer and promote vocational and professional training by the following German agencies:

CERTQUA

CERTQUA, Zertifizierung von Bildungseinrichtungen

CERTQUA, Zertifizierung von Bildungseinrichtungen

EBTN

EBTN, Euopean Banking & Financial Services Training Association

EBTN, Euopean Banking & Financial Services Training Association

ZFU

Staatliche Zentralstelle für Fernunterricht (ZFU)

Staatliche Zentralstelle für Fernunterricht (ZFU)

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