MBA – Master of Business Administration – is a business management training
at the graduate level. Training available at a business school or a
University abroad often referred to as a business school. The training aims
primarily at providing experienced or potential leaders with the opportunity
to expand their leadership skills, particularly focusing on strategic
The study usually lasts 1-2 years full time or can be carried out over a
number of years as part-time or distance study. Executive MBA (abbreviated
EMBA or E * MBA) refers often to more targeted and shorter MBA courses for
more experienced leaders. The Studio is often structured in different
modules, for example. human resource management, finance, and marketing, but
all together with a focus on strategic management. Frequently used case
studies as the basis for the preparation of reports, as the students will be
judged on the basis of.
Education was first introduced in the United States in the
post-war period and has since reached spread to special United
Kingdom and other European countries, including Denmark. On the
other hand, training virtually unknown in Japan, which, among
other things. due to different perceptions of what a leader is.
An underlying performance for MBA program is that leadership is
something you can learn or get better at using a number of
methods and techniques. This idea has been criticized because
leadership is a social activity that also requires experience,
maturity and dedication. For the same reason a sufficient age
often an entry requirements on European MBA studies. In the
United States have persons with a bachelor's degree and no
professional experience, however, also possible to search in to
most MBA studies, but the emphasis is on students with no
professional experience has achieved a particular level of
analytical and practical competence in their bachelor's study.
MBA courses will be closely monitored and the rank listed by
media and accreditation organizations. It offers prospective
students a better opportunity to choose the right MBA education,
since there can be a big difference in prestige and quality. The
price level of an MBA are also usually much higher than regular
Masters courses (in the case of user fees), since employers
often are involved in paying the costs.
that appear most frequently around the MBA
If you are thinking of completing an MBA or a master's degree, you will
inevitably come into contact with a wide variety of abbreviations. In the
following, we list in alphabetical order those of which you are most likely
to hear or read - and we explain what the short form means.
AACSB means "American Assembly of Collegiate Schools of Business" or
"Association to Advance Collegiate Schools of Business." Its members include
the majority of the leading US universities and many top companies. The
AACSB is a US accreditation body for MBA training programs. The
accreditation by the AACSB determines whether you can hold an MBA earned in
Germany in Germany, whether you are granted a scholarship or whether the
university is included in one of the major US university rankings. The AACSB
accredits worldwide; accreditation by the AACSB is the internationally
recognized proof of quality for an MBA program.
The Accreditation, Certification and Quality Assurance Institute (ACQUIN) is
known as the largest of a total of 6 accreditation agencies which, on behalf
of the German Foundation for the Accreditation of Study Programs, provide
the technical and content-related assessment of courses with the degrees
Bachelor / Bachelor and Master / Magister carried out nationally and
ACQUIN is a registered non-profit organization and is supported by its
members, which meanwhile include over 100 universities in Germany, Austria,
Switzerland, Hungary, the Middle East, Kazakhstan, China and the USA, as
well as scientific professional and professional associations. The head
office is located in Bayreuth, the founding president was Klaus Dieter
The AMBA is the UK's most prestigious accreditation body. It primarily
accredits UK MBA programs. Students and graduates of British MBA programs
and selected foreign MBA programs are eligible. Anyone booking a British MBA
program should make sure that it has been accredited by the AACSB, by the
EFMD (according to EQUIS) or by the AMBA.
The Accreditation Agency in the field of health and social affairs (AHPGS)
distinguishes itself as an interdisciplinary and multi-professional
organization, whose main task is to offer Bachelor and Master degree
programs in the field of health and social affairs as well as in related and
related fields of activity (program accreditation) and the internal control
and accreditation of quality assurance systems (system accreditation) at
universities, technical colleges, universities of teacher education and art
and music colleges.
The AHPGS works as a registered non-profit association, which is
supported by the departmental days or dean conferences of curative
education, nursing, health and social work, representatives of scientific
societies as well as relevant professional, specialist and supporting
associations from the relevant fields of action and by private individuals.
The declared aim of the AHPGS is to support quality assurance, academization
and professionalization of the health and social professions in Germany.
The Bonn public law foundation for the accreditation of study programs in
Germany is legally responsible for organizing the system of quality
assurance in study and teaching through the accreditation of study programs.
For this purpose, rules for the accreditation of degree programs and for
system accreditation are adopted, for example. AKAST also carries out the
approval of accreditation agencies. The foundation is also known as the
ASII, founded in 1999 as an independent non-profit association, merged in
2002 with the accreditation agency for courses in chemistry, biochemistry
and chemical engineering at universities and technical colleges, which gave
rise to today's ASIIN. The Düsseldorf-based ASIIN eV (accreditation agency
for courses in engineering, computer science, natural sciences and
mathematics) is committed nationally and internationally to the recognition,
comparability and quality testing (accreditation) of bachelor's and master's
programs. ASIIN eV is one of ten accreditation agencies examined by the
AStA or StuRa
These are the most important bodies for students. AStA stands for General
Student Committee and is the "government" for students. It is elected by the
student parliament and carries out tasks such as social and housing advice.
He is also responsible for negotiating the price of the semester ticket and
issuing the ISIC. The StuRa (Student Council) exists in many East German
universities. He has duties both from the AStA and from Parliament.
The Federal Education Promotion Act has existed since 1971 and offers state
aid to students on a tight budget. The BaFöG office overflows on time in
October, because the application must be submitted in autumn. In addition to
the student, the parents must also disclose their income and assets. The
BAföG is a maximum of 670 euros, of which half must be paid back after
The ECTS, European Credit Transfer (and Accumulation) system, is designed to
make student performance comparable so that it can be credited and
accumulated when changing from one university to another. Students who have
successfully completed a module receive a fixed number of credit points.
This type of assessment of performance is typical for Bachelor and Master
The credit points (LP) should represent the average workload of the
course (the “Work Load”). The basis for awarding the credit points is the
assumption of an average amount of work to be done for the degree, measured
in hours. The effort of 1500 - 1800 hours per academic year is expressed in
60 CP. One credit point corresponds to 25 to 30 working hours. With the ECTS
system, the average learning, preparation and post-processing of an event
can be taken into account over the semester weekly hours. In the case of
modules with increased workload, this is not evident due to the presence at
the university (semester hours per week); however, by the number of credits
acquired, where the credits for the entire module represent the sum of the
effort for the individual module parts.
This British company was founded in 1996 as an organization that deals with
the qualification of academic and professional training in the fields of
mathematics, science, languages and history. From an international
perspective, EDEXCEL is the largest examination board in private hands. Upon
completion of an EDEXCEL exam, you will receive a corresponding
internationally recognized certificate as proof of successful completion.
The term EDUQUA is a Swiss certification procedure for training
institutions. It has existed since 2000 and ensures the quality of further
training offers. An institution that has this certificate can list it on the
market as a quality certificate.
In the sense of a quality label, it offers consumers a guarantee for the
overall quality of an educational institute. In many Swiss cantons, this
certificate is a prerequisite for public funds to be awarded. The Swiss
Conference of Cantonal Ministers of Education (EDK) therefore recommends
that its members pay attention to this certificate when awarding
contributions to private education providers.
The European Foundation for Management Development (EFMD) was founded in
Brussels in 1972 and is an international organization in the legal form of
an association that deals with the accreditation of business schools and
various management training programs. The EFMD has around 44 members in
Germany, which mainly include DAX companies, public and private
universities, business schools and technical universities. The organization
also deals with the exchange of best practice and benchmarking in the areas
of management training and further education.
EQUIS is the abbreviation for "European Quality Improvement System". It is
therefore a business school accreditation system that was introduced in
Brussels in 1997 by the European Foundation for Management Development (EFMD).
The initiative, supported by the Commission of the European Union, was
implemented in close cooperation with the already existing national,
European accreditation institutions.
The aim of this initiative, similar to that in the USA, is to introduce a
uniform European quality standard for business schools from the local
accreditation body AACSB that meets international requirements.
EPAS is an international program accreditation system. It evaluates the
quality of economic and management programs with an international focus and
accredits them accordingly. Each program is reviewed in detail and compared
with other international programs. EPAS is based on the same process steps
Evalag (Evaluation Agency Baden-Württemberg), founded in 2000, is a
foundation under public law and was created on the basis of agreements
between the Ministry of Science, Research and Art of Baden-Württemberg and
the state's universities. Evalag is committed to non-profit purposes and as
a competence center for quality assurance and quality development supports
German and international universities, other scientific institutions and
ministries in their commitment to quality in teaching, research and
services. Evalag takes care of the coordination and support of evaluation
procedures, conducts institutional quality assurance audits, advises in the
area of quality management and also organizes assessment procedures within
the framework of science funding.
The FIBAA (Foundation for International Business Administration
Accreditation) is an accreditation agency that carries out the technical and
content-related assessment of courses on behalf of the Accreditation
Council. It is a tri-national foundation. The head office is in Zurich, the
main office is in Bonn. The main field of work of the FIBAA is the
assessment of economics-oriented courses. It is recognized by the German and
the Dutch Accreditation Council.
FIBAA is an international, but primarily active in Europe quality and
accreditation agency. It supports universities in the further development of
their Bachelor, Master and PhD courses. The goals are on the one hand the
quality improvement of the study programs and on the other hand of course
the accreditation of the course. FIBAA provides advice on quality
management, assesses the degree program and checks the requirements for the
awarding of the FIBAA quality seal. The advantage of FIBAA's activities,
like that of accreditation agencies in general, lies in the better
comparability of training offers: Economics-based courses, their providers,
students, companies and other accreditation agencies experience
The GMAT is a four-hour, standardized test in English designed by the
Education Testing Service (ETS) and offered worldwide on behalf of the
Graduate Management Admission Council (GMAC). It determines the logical and
verbal skills of the participants who have to take the test under time
pressure. The test result shows the comprehension in view of complex facts,
the analytical thinking ability and the problem-solving competence. From
this, the efficiency of the working method and subsequently the chances of
success can be read in an MBA program.
At renowned business schools, the GMAT is mandatory and the decisive size
is the number of points. Although formally only one of many selection
criteria, the GMAT has a high priority as part of the application documents.
An excellent GMAT result can open the door to a business school, a bad one
can destroy all opportunities. This means that preparation for the GMAT is
highly recommended. It can mean the difference between "average" and
A recommended GMAT course should be able to convey the required
mathematical and linguistic knowledge, the most efficient solution
strategies and the shortest possible solutions. The course itself ensures
better understanding and easier memorization of learning content. An
additional advantage is the interactivity of the courses, which sharpens the
sense for efficient solutions and the time budget. You can also see which
area you are behind and where you have a head start. It should not be
forgotten that you can compare your own performance with the performance of
The International English Language Testing System (IELTS) is a special
language test that determines individual skills in the English language. The
test is mainly taken by students who plan to study at a university in an
English-speaking country or at a German university. Most universities in
Australia, the UK, Ireland, Canada, and New Zealand, as well as more than
3,000 facilities in the United States, accept this test as an admission
requirement. In Germany, too, more and more universities and technical
colleges are demanding the IELTS for their degree programs if they contain
international components. Anyone working in the medical field must take the
IELTS test in any case in order to obtain a work permit in the countries
The ISIC is the "International Student Identity Card". In addition to the
normal student ID, it can be applied for in order to identify yourself as a
student worldwide and to be able to use all the advantages. The advantages
of this depend on the country. From shopping percentages to hotel discounts.
The ISIC is valid for one year and costs 15 euros.
In its long form, OAQ OAQ means "organ for accreditation
and quality assurance of Swiss universities". In cooperation with the Swiss
University Conference, the OAQ carries out the accreditation of public or
private university institutions and courses in Switzerland. The OAQ works
independently and uses internationally recognized methods. It also draws on
the knowledge and experience of renowned experts.
The TOEFL is a standardized test that all applicants whose mother tongue is
not English or who do not have a degree from an English university must
take. The test is designed in multiple choice format. The TOEFL is stored on
the computer in the same test centers as the GMAT. Registration for German
test centers in the Netherlands also takes place. Falling through is not
possible; the minimum number of points required by the respective business
school must be achieved. 0 to 300 points are possible. If you achieve the
required number of points, the TOEFL is of little importance for the further
application process. The test can be repeated until you have achieved the
required number of points. Since this involves time and money, at least a
short preparation is recommended. You can concentrate on the rules that are
the subject of the TOEFL.
The Central Evaluation and Accreditation Agency (ZEvA) was founded in 1995
by several universities in Lower Saxony and is now financed by the Lower
Saxony state government. Since 1998 it has had its own accreditation
department, which acts across disciplines, universities and countries. In
2000, ZEvA was certified by the German Foundation for the Accreditation of
Study Programs, making it the first accreditation agency in Germany. It not
only provides accreditations, but also has an advisory role, for example
with regard to international programs. ZEvA is a member of various
international accreditation associations and, due to its early foundation,
in many cases even a founding member of these associations.