Lagos Business School (LBS) has once again proven its high standards in management education as the International Accreditation Advisory Board of the Association of MBAs (AMBA) has accredited the MBA programmes offered by the School.
AMBA accreditation represents the highest standard of achievement in postgraduate business education (MBA, DBA and Masters programs) and is earned only by the best programmes.
By this accreditation, LBS has joined an elite group of only 2% of top business schools in 70 countries with AMBA accreditation. In Africa, there are 9 other schools that have achieved this accreditation with 6 in South Africa and 1 each in Tunisia, Morocco and Egypt. LBS becomes the first school in West, East and Central Africa regions to achieve this accreditation.
The AMBA system judges the quality of a business school’s strategy, mission, faculty, students, curriculum, and assessment. For example, to be accepted as an AMBA accredited school, students admitted to a school’s program must have at least three years of work experience and three quarters of a business school’s faculty must have a Masters or Doctoral degree in a relevant discipline.
With the recent acquisition of the AACSB accreditation, LBS has now been endorsed by two out of three main accrediting organisations, recognized globally, for business schools. AACSB is the leading global accreditation body for business schools offering undergraduate, masters and doctorate degrees in business and accounting. An AACSB accreditation in business represents a positive evaluation of a “school’s mission, operations, faculty qualifications and contributions, programs, and other critical areas.”
AACSB involves a process of rigorous internal review, evaluation, and adjustment, which can take several years to complete. Over this time, the school develops and implements a plan to meet AACSB’s Accreditation Standards, which demand a high quality teaching environment, innovative programming, and active engagement with industry.
These landmark accreditations confirm the School’s commitment to world-class education and professionalism.