Fewer than one per cent of the world's business schools hold both AACSB and EQUIS accreditation – and Gustavson is proud to be one of them. We are accredited by the prestigious AACSB (Association to Advance Collegiate Schools of Business) and by EQUIS (EFMD Quality Improvement System). Additionally we are a member of the United Nations PRME initiative and our BCom and MBA degrees (Co-op) are accredited by Co-operative Education and Work-Integrated Learning Canada (CEWIL Canada).

Why is accreditation important?

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The fundamental objective of EQUIS (EFMD Quality Improvement System) is to raise the standard of management education worldwide. EQUIS is the leading international system of quality assessment, improvement, and accreditation of higher education institutions in management and business administration. EQUIS accreditation has been bestowed to just over 140 major business schools worldwide. All accredited institutions demonstrate high general quality in all activities, and most notably:

  • a high degree of internationalization
  • an ethos of promoting responsible management
  • and close interaction with the community and the business world.

Gustavson was awarded EQUIS accreditation in 2007 and undergoes a re-accreditation process every five years. Learn more.


AACSB accreditation represents one of the highest standard of achievement for business schools worldwide. Less than 5% of the world's 15,000 business schools have earned AACSB accreditation. There are fifteen quality standards which relate to strategic management, student and faculty characteristics, and assurance of student learning. Our AACSB accreditation means that we:

  • produce highly employable graduates who have achieved specified learning goals
  • provide high-quality teaching and curricula
  • have faculty who are current in their knowledge, practices and research
  • advance business and management knowledge through faculty research and professional activities

Gustavson was awarded AACSB accreditation in December 2010 and undergoes a re-accreditation process every five years. Learn more.


The mission of the UN Global Compact Principles for Responsible Management Education (PRME) initiative is to inspire and champion responsible management education, research and thought leadership globally. Worldwide, over 600 schools have signed on to the initiative, which encourage groups to adapt their curricula, research, teaching and strategies to new business challenges and opportunities arising from corporate responsibility and sustainability.

Gustavson formally joined the initiative in 2009. The six principles below must be proven through regular reporting. Learn more.

Principle 1: Purpose
We will develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy.

Principle 2: Values
We will incorporate into our academic activities and curricula the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.

Principle 3: Method
We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.

Principle 4: Research
We will engage in conceptual and empirical research that advances our understanding about the role, dynamics, and impact of corporations in the creation of sustainable social, environmental and economic value.

Principle 5: Partnership
We will interact with managers of business corporations to extend our knowledge of their challenges in meeting social and environmental responsibilities and to explore jointly effective approaches to meeting these challenges.

Principle 6: Dialogue
We will facilitate and support dialog and debate among educators, students, business, government, consumers, media, civil society organizations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability. We understand that our own organizational practices should serve as example of the values and attitudes we convey to our students.


Co-operative Education and Work-Integrated Learning Canada (CEWIL Canada), formerly known as CAFCE, established an Accreditation Council in 1979 to provide leadership for the development of quality co-operative education programs. The University of Victoria was first accredited by CEWIL in 2012.

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The Gustavson School of Business has maintained high quality programs through the establishment of learning goals and measurement of outcomes through our Assurance of Learning (AoL) system.  Our AoL standards support the two principles of accountability and continuous improvement and are enacted through our internal AoL process.

Each program has clearly defined learning goals, measurements and outcomes as driven by the Gustavson strategy. Throughout the academic year, we collect data to assess the accomplishment levels of our students. This information is compared to our learning goals and used to plan improvements to our programs, teaching practices and curricula. The system involves active participation from program areas, faculty and the AoL Team.

AoL is a means of holding ourselves accountable to delivering what we say we will deliver to students and employers, and a way of supporting the continuous improvement of our degree programs. All of this ensures we maintain the topmost quality in our programs.

Learn more.