“…For example, in the USA, which has approximately 1,000 business schools, figures available from the National Center for Education Statistics indicate that during the 2015/16 academic year, the latest year that such data are available, almost 200,000 masters degrees were awarded in business and management, with the overwhelming majority being MBAs, amounting to almost a quarter of all masters degrees awarded in the USA that year (Ginder et al, 2016). When this is viewed in light of the fact that there are over 16,000 schools worldwide granting business degrees, it points to the substantial number of MBA degrees being awarded each year (Lundstrom, 2011). In light of this international diversity of MBA programmes, it is unsurprising that there are various well-known accreditation agencies for them across the world, some more popular than others according to the region.…”