LUMS awarded EQUIS accreditation
Lancaster University Management School has consolidated its place amongst the elite of the world's business schools following the announcement on 18 June 2003 that it has been awarded full EQUIS accreditation. This news follows confirmation in March 2003 that LUMS was the only business school other than LBS - and the only School outside London - to be awarded additional funding from the Higher Education Funding Council in recognition of its exceptional research track record during the past decade.
EQUIS is the leading international system of quality assessment, improvement, and accreditation of business schools. Currently only 62 business schools worldwide have demonstrated that they meet the stringent quality standards, and only 13 are located in the UK.
Feedback from the Peer Review Team reported that it was impressed by the quality generally across the School. They reported that in a number of areas LUMS not only met but 'exceeded international standards'. The quality of faculty and students was specifically mentioned, as was the strength of the School's corporate relationships. In the area of research the report commented: 'The research culture and output are exceptional... and the research portfolio facilitates the appointment of world-class academics.'
Dean of LUMS Professor Sue Cox commented 'EQUIS accreditation is recognition of the tremendous progress Lancaster has achieved in the past decade as an international business school. This award is a further boost towards Lancaster becoming even more international as measured by our student body and alumni, our faculty, and our strategic corporate and academic partners around the world.'