ISM awarded prestigious IQA European business schools accreditation for the second time

ISM University of Management and Economics was assessed by the Central and Eastern European Management Development Association (CEEMAN). The university was awarded the IQA International Quality Accreditation. This recognition is only granted to the most progressive European business schools. ISM is the only university in Lithuania to have been awarded this prestigious CEEMAN accreditation of quality.
IQA accreditation is the top appraisal among business schools in Central Europe. This international acknowledgement of the quality of studies attests that Lithuanian students have access to education of especially high quality without having to leave the country. Moreover, international recognition of higher education attracts more foreign students to study in Lithuania and increases competitiveness of national universities globally’, says Dr. Nerijus Pačėsa, president of ISM University of Management and Economics.
The CEEMAN expert commission visited ISM University of Management and Economics this past autumn and assessed how the university meets internationally defined quality requirements. During the accreditation period they examined the university’s self-analysis report, met with university management, administration workers, students, professors, graduates and employee representatives.
CEEMAN experts appraised ISM as a university providing high quality business studies, which could be a role model not only for educational but also for business institutions in Lithuania. ‘ISM fully meets international quality requirements and belongs to the group of most progressive universities providing business studies in Central and Eastern Europe. The university  applies international practice and innovations in its studies process, is oriented to students’ needs and business trends’, according to the conclusions of CEEMAN experts.
The experts’ report acknowledges the university’s orientation to the needs of its students, fostering internationalism, and a wide range of research activity. Much attention is devoted to the competences of professors and lecturers: their motivation, goal orientation, responsibility and devotion were evaluated particularly highly.
CEEMAN experts were interested in how ISM students and alumni view their studies. They noted student satisfaction and their loyalty to the university, emphasised professional interaction between university workers and students, and the effectiveness of communication in the university. ‘The survey of students revealed that students choose our university for two reasons: quality of studies and the reputation of the university in the international scientific community. Establishing international relations and study quality management are among our top priorities’, N. Pačėsa says.
CEEMAN international quality accreditation (IQA) was established in 1998. Its goals are to apply international standards to management programmes and thus establish opportunities for management institutions to react to market needs and increase the value of its studies. Only 17 institutions in Central and Eastern Europe have so far been awarded IQA accreditation. This accreditation is extended for six years. ISM University of Management and Economics received its first IQA accreditation in 2006.