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Eduniversal is a university ranking business by the French consulting company and rating agency SMBG specialized in Higher Education.^[1] Founded in 1994, one of the main goals of Eduniversal is to provide a tool, for students all around the world, which provides information on the Best Business Schools, located in Eduniversal's 9 geographical regions (the 5 continents).

The Eduniversal ranking agency establishes an official selection of the Best 1000 Business Schools in more than 150 countries in the world. The purpose of this selection is to offer students a serious referent that reflects the international dimension of each School, and therefore enables them to make the right decision regarding the choice of their future School.^[2]

The official selection is the result of the work of an International Scientific Committee gathered at the initiative of the Eduniversal Company. The International Scientific Committee is composed of 12 members; 9 members coming from nine different geographic zones (Africa, Central Asia, Eastern Europe, Eurasia and Middle East, Far East Asia, Latin America, North America, Oceania and Western Europe), and 2 members from the Eduniversal Company (The CEO and the International Coordinator).^[3]

Globally, it has been presented or referred to by India Today,^[4]L'Économiste,^[5]La Vie Éco,^[6]The Times of India,^[7]Sohu,^[8]20 minutos,^[9]The Gazette (Chicago),^[10]VietnamPlus,^[11]Coventry Telegraph,^[12]University World News,^[13]Business Line,^[14]El Economista (Spain),^[15]KPBS,^[16]The Jamaica Observer,^[17] Economico,^[18] Głos Wielkopolski,^[19] Morocco World News,^[20] Business Tech^[21] and others.^{[22][23][24][25][26][27]}

In France, it has been presented or referred to by Le Monde,^[28]Le Figaro,^[29][30]Capital,^[31]Le Parisien,^[32] L'Étudiant,^[33] Studyrama,^[34] Capcampus^[35] and others.^[36][37]

Methodology

The official selection^[38] as it is defined by the Eduniversal Company is the classification of the 1000 best Business Schools in 153 countries in the World. The selection is classified in terms of Palms and Ratings, issued from the Deans' votes.
The aim of this official selection is to provide sufficient information for students about a range of academic institutions, sorted by their reputations and international ambitions and located in 9 different zones.

Official Selection

The Official Selection is a selection of Business Schools made by a Scientific Committee that has established a global mapping system meeting the criteria of universality and the international reputation of each academic institution.

Eduniversal offers to describe the best academic opportunities for students zone by zone, via a range of schools with different types of reputation and international ambitions, within the nine zones list.

According to the Eduniversal company, the international reputation is the capacity of a Business School to increase the prestige of a student – and therefore improve his employment prospects – in his country of study and on the international stage.

In order to execute the official selection, each country and each continent is represented according to a quota method. The number of schools per country is therefore weighted by quantitative and qualitative criteria.

Quantitative criteria

• the national expenditure on education per inhabitant


• the GDP
  


• the size of the population


• the number of students in higher education

Qualitative criterion

the educational environment in the country (established, among other things, according to the number of secondary education academic institutions in the country, as well as a historical importance of the national educational tradition).
The results can therefore be expressed in the following way:

The official selection is made by the International Scientific Committee composed of 9 members coming from the nine geographic zones listed above.

The 9 expert members are all well-known academics in their respective zone.

The International Scientific Committee^[39] meets:

• to modify the Official Selection, two years after the first Selection, then every four years, depending on changes and global trends.


• yearly, to publish the Palmes arising from international criteria and the votes of the Deans on the website: www.eduniversal.net.

Palmes

The EDUNIVERSAL Palmes indicate the level of an academic institution's international reputation. They are awarded on the basis of the research work carried out by the International Scientific Committee, which compiles the list of criteria, together with the assessments made by peers: The Deans vote

They help the student to make his choice within the Official Selection and rate the reputation of the school or university within the country, its geographical zone, or even at the global level.

The Palmes^[40] are divided into a league system, which allows horizontal intercontinental comparison, different from the vertical comparison made by most of the international classification systems.

This segmentation is presented as a normal probability curve:

• 100 schools in the 5 Palmes league


• 200 schools in the 4 Palmes league


• 400 schools in the 3 Palmes league


• 200 schools in the 2 Palmes league


• 100 schools in the 1 Palme league

The classification by Palmes is made using two essential elements: the internationalisation criteria and the Deans vote.

Internalisation criteria

• the accreditations obtained by the schools (AACSB, EQUIS, AMBA, State Qualification, etc.)


• the main classifications (Financial Times, Shanghai Jiao Tong University, Business Week, Asiaweek, Wall Street Journal, America savings, THES, SMBG, etc.)


• participation in international academic associations (EFMD, CLADEA, CEEMAN, EMBA, AAPBS, etc.)


• the network of partners of Deans and Business Schools at the international and local levels


• reputed studies and sites in the world of education and universities

Deans vote:^[41]

Each Dean from the universities and schools on the list of 1,000 can vote to recommend the other academic institutions. This vote is converted into a recommendation rate that the student can use to evaluate each academic institution and compare them.

These recommendations give another reply to the question: "Out of the following schools, which ones would you most recommend to a person who wants to study in this country?"

Insolvency proceedings

Eduniversal was placed into receivership on February 20, 2018. The announce of the receivership procedure was published in the BODACC (French: Bulletin officiel des annonces civiles et commerciales, the French official registry of civil and commercial notices) on March 1, 2018. ^[42][43][44]

Notes and references