EFMD (The European Foundation For Management Development): What Is the EFMD?

Based in Brussels, Belgium, the European Foundation for Management Development (EFMD) is an omnibus agency that supports online MBA degree programs, representing public and private business schools and corporate management training programs. Its more than 650 member institutions share information, research, and networking opportunities in academia, consulting, and public service. In order for online MBA degree programs to gain membership, they must meet strict EFMD criteria.

Following the discovery of the need to connect the best MBA students with hiring corporations and agencies in 1997, the EFMD built a structure of evolving conferences, forums, publications and knowledge transfer, international project coordination, and services. The EFMD also oversees the European Quality Improvement System (EQUIS), an international system of quality assessment, accredited higher-education review, and a platform for learning environments in more than thirty-three countries. Its projects have linked students of online MBA degree programs with business professionals in the United States, Canada, Australia, Europe, Asia, and Central America.