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Find MBA - MBA courses
Category: Education > Glossary of MBA courses
Date & country: 09/11/2010, USA
Words: 11


AACSB
Stands for the Association to Advance Collegiate Schools of Business International. The AACSB is a US-based non-profit organization that evaluates and accredits universities and schools, including business schools within and outside the United States.

AMBA
Also known as the Association of MBAs, a UK-based organization that offers accredits and approves high-quality MBA programs. The AMBA generally focuses on programs in the United Kingdom, but also evaluates international programs.

EMBA
Stands for Executive MBA, business programs that are designed for students with more business experience than students typically enrolled in traditional MBA programs.

EQUIS
The European Quality Improvement System (or Equis) is an agency that accredits European business schools. It is run by the European Foundation for Management Development in Brussels, Belgium.

ETS
Educational Testing Service, a US-based non-profit organization widely known for producing standardized exams such as the GMAT and TOEFL, which are common requirements for applicants to business schools in the United States and abroad.

FAFSA
Free Application for Federal Student Aid is a form submitted by students of US universities who are seeking financial aid from the US government. The FAFSA form centers around ascertaining a student's Expected Family Contribution (EFC), a figure that determines which need-based government grants and subsidized loans a student can apply for.

FIBAA
Foundation for International Business Administration Accreditation, a private German organization that rates and accredits MBA programs in the three German-speaking countries of Europe

GMAT
Acronym for the Graduate Management Admissions Test. Many business schools around the world require applicants to submit the results of the GMAT examinations as a criterion for admission to MBA programs. The test

GPA
Stands for Grade Point Average, the most common quantitative measure of overall undergraduate academic achievement.

IELTS
International English Language Testing System, a common, English-language proficiency exam. Many English-speaking universities and business schools in Canada, the United Kingdom, Australia, New Zealand, and South Africa request that non-native English speakers submit satisfactory IELTS results when applying.

TOEFL
Stands for the Test of English as a Foreign Language. The TOEFL is a standardized examination of English-language proficiency that non-native English-speaking applicants must often take before acceptance to English-speaking universities. The test is administered by the Educational Testing Service.