1st September 2005

QUT's Faculty of Business has become the first business faculty in Australia to earn all three international accreditation symbols of excellence from the world's leading business school accrediting bodies.

The faculty has just been awarded the prestigious AACSB accreditation by the Association to Advance Collegiate Schools of Business - which creates a triple crown when teamed with the faculty's existing AMBA and EQUIS accreditations.

Those accreditations were previously awarded to the university by the Association of MBAs (AMBA) and the European Quality Improvement System (EQUIS) which is the quality assurance body of the European Foundation for Management Development (EFMD).

QUT's Faculty of Business is now in a select group of business schools world-wide which lay claim to all three of these leading international accreditation symbols.

"This achievement represents an acknowledgement of QUT's world-class quality rating for its business courses, including its flagship MBA program," QUT's Executive Dean of Business Professor Peter Little said.

"We now join an elite group of institutions such as the London Business School, EDHEC Business School in France, Erasmus University Rotterdam and the ESADE Business School in Spain which have all three accreditations."

Professor Little said each accreditation process provided a rigorous independent assessment of the faculty's academic content and delivery, staffing quality and organisational processes, measured against a number of respective international standards.

"It has taken only 16 years, since QUT was awarded university status, for its Faculty of Business to claim the highest international recognition for excellence.

"While the QUT Bachelor of Business, MBA and specialist postgraduate programs are already known for their strong international focus, our graduates can now be sure that their QUT business qualification will be even better recognised globally."

Professor Little said QUT's success was built on its extensive links to business and government which included partnerships with over 60 universities and corporate partners across 18 countries world-wide.

Media contact:
Professor Peter Little, Executive Dean, QUT's Faculty of Business on 07 3864 2519
Janne Rayner, QUT media manager on 07 3864 2361 or 0407 585 901

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