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WU awarded a further 5-year EQUIS reaccreditation

On March 27, WU was again awar­ded the max­imum reac­cred­it­a­tion period of five years. The EQUIS seal of ex­cel­lence stands for high stand­ards in teach­ing and re­search and is a vis­ible con­firm­a­tion of a uni­versity’s out­stand­ing achieve­ments. To main­tain their ac­cred­ited status, uni­versit­ies are sub­ject to reg­u­lar, com­pre­hens­ive re­views based on strict qual­ity cri­teria. While WU was graded “Above Stand­ard” in four sub­-areas at its last reac­cred­it­a­tion, this time it has been given this out­stand­ing status in a total of eleven sub­-areas.

WU has been EQUIS ac­cred­ited since 2007, the first and only uni­versity in Aus­tria to bear this pres­ti­gi­ous seal of qual­ity. EQUIS stands for European Qual­ity Im­prove­ment Sys­tem, and is awar­ded by the European Found­a­tion for Man­age­ment Devel­op­ment (EFMD) to top-qual­ity uni­versit­ies and busi­ness schools. Dur­ing the ac­cred­it­a­tion pro­cess, ten stand­ards, in­clud­ing areas like teach­ing, re­search, fac­ulty, and in­ter­na­tion­al­iz­a­tion, but also cat­egor­ies like “Eth­ics, Re­spons­ib­il­ity, and Sus­tain­ab­il­ity” are sub­jec­ted to strict qual­ity con­trol. Four ex­ternal ex­perts vis­ited WU in Novem­ber, 2017, for an on-­loca­tion ex­am­in­a­tion of WU’s teach­ing and re­search and of how well it ful­fills its third mis­sion re­spons­ib­il­it­ies. The Peer Re­view Team saw for them­selves that WU meets EQUIS’ high stand­ards in all the re­quired areas, even ex­ceed­ing them in eleven sub­-areas. The Peer Re­view Team was par­tic­u­larly im­pressed by WU’s unique role and pos­i­tion in the Aus­trian aca­demic land­scape, its in­ter­na­tional rel­ev­ance, the high aca­demic level of its stu­dents, WU’s ex­cel­lent con­nec­tions to the busi­ness com­munity, the suc­cess of its gradu­ates in their later ca­reers, and WU’s ef­forts in the areas eth­ics, re­spons­ib­il­ity, and sus­tain­ab­il­ity.

Ad­vant­ages of EQUIS ac­cred­it­a­tion

“I am very pleased that our ef­forts to fur­ther im­prove WU’s qual­ity have borne fruit over the past few years. The EQUIS qual­ity con­trol pro­cess, ori­ented as it is on in­ter­na­tional stand­ards, al­lows us to fo­cus on our strengths, and at the same time, it helps us to re­cog­nize areas with po­ten­tial for im­prove­ment. This is a chal­lenge we are happy to face, as we are de­termined to keep get­ting bet­ter,” says WU Rector Edel­traud Hanap­pi-Eg­ger, and con­tin­ues, “This most re­cent ac­cred­it­a­tion with the EQUIS seal of ex­cel­lence con­firms that WU can com­pete with the best busi­ness schools and eco­nom­ics uni­versit­ies in the world, even as a pub­lic uni­versity.” Not only the uni­versity as an in­sti­tu­tion but also its stu­dents, fac­ulty, and staff be­ne­fit from WU’s EQUIS ac­cred­it­a­tion. A de­gree from an in­ter­na­tion­ally ac­cred­ited uni­versity car­ries more prestige, and gradu­ates have im­proved chances on the job mar­ket, even bey­ond Aus­tria’s bor­ders. The reac­cred­it­a­tion makes WU an at­tract­ive part­ner for re­search pro­grams and en­cour­ages in­ter­na­tion­ally renowned pro­fess­ors to come to Vi­enna. Aus­tria’s economy also profits from WU’s in­ter­na­tion­ally-ori­ented edu­ca­tional en­vir­on­ment and its ex­cel­lent repu­ta­tion.

One of the best busi­ness and eco­nom­ics uni­versit­ies world­wide

The suc­cess­ful reac­cred­it­a­tion for five years con­firms WU’s pos­i­tion among the world’s best busi­ness and eco­nom­ics uni­versit­ies. Other renowned uni­versit­ies to have been gran­ted the full five-year ac­cred­it­a­tion in­clude the Uni­versity of St. Gal­len, HEC Paris, and Lon­don Busi­ness School. In ad­di­tion to EQUIS, WU also holds ac­cred­it­a­tions from AACSB and AMBA. Fewer than 1% of all uni­versit­ies world­wide can claim to be ac­cred­ited by all three of the most renowned ac­cred­it­a­tion agen­cies.

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