The Institute of Banking Studies (IBS) was awarded an accreditation certificate by the Accrediting Council for Continuing Education and Training (ACCET) / USA since 2019.
This is the first time a Jordanian training institute has received the ACCET accreditation. Meanwhile, at the regional level, the Institute stands as the second in the Arab world to be awarded the accreditation in the banking institutes’ category.
The accreditation came as a result of the Institute’s vision to be a Pioneer in banking and financial professional training and development through raising the efficiency of the human resources at the Jordanian banking & financial sectors by meeting their training needs & coping with developments, committing to apply quality standards in cooperation with the reputable entities and the concerned professional experts to reinforce the trust of beneficiaries from the services of the Institute as well as maintaining effective communication channels.
The accreditation process requires the review and assessment of nine main standards to ensure that the ACCET requirements were met, those standards cover: the mission of the Institute, goals and planning, governance and management , financial capacity and responsibility, curriculum design and development, instructional delivery and resources, qualifications and supervision of instructional personnel, admissions and student services, student assessment and achievement, institutional effectiveness.
The Institute applied for the first time for ACCET accreditation in cooperation and a grant by USAID.
On the importance of the accreditation, IBS can instill the concept of quality commitment on both the strategic and executive levels of the Institute’s operation. It also helps to ensure the implementation of the best international practices in the fields of training and development, as well as the standards and policies of transparent workflow, supported by best practice indices.
ACCET was founded in 1974 for the purpose of improving continuing education and training and has been officially recognized by the U.S. Department of Education since 1978 as a “reliable authority” as to the quality of education and training provided by the institutions they accredit. Accreditation serves the interests of companies, agencies, and the public through the establishment of standards, policies, and procedures in conjunction with an objective third-party professional evaluation designed to identify and inspire sound education and training practices. When such a process is matched by an institution’s commitment to high standards and accountability, a partnership for quality becomes reality.