For an impressive 86 years, the Faculty of Commerce and Accountancy at Thammasat University—widely known as Thammasat Business School (TBS)—has not only set the benchmark in Thailand but also earned its stripes on a global scale. Flaunting the distinguished title of Thailand’s first Triple Crown Business School, TBS has secured international acclaim through accreditation from three highly respected bodies: the AACSB (Association to Advance Collegiate Schools of Business) from the United States, EQUIS (EFMD Quality Improvement System) from the European Union, and AMBA (Association of MBAs) from the UK. To put things into perspective, only a mere 1% of business schools worldwide can boast this coveted Triple Crown accreditation.
As if that weren’t enough, TBS clinched the top spot as the premier business school in Thailand and came fourth in Southeast Asia according to CEOWorld Magazine’s “The Best Business Schools in the World 2024.” Further cementing its status, TBS’s MBA, Global Executive MBA (GEMBA), and Master in Finance (MIF) programs have also been recognized as number one in Thailand by the QS World University Rankings 2024.
Associate Professor Dr. Somchai Supattarakul, the esteemed Dean of TBS, remarked, “With TBS’s vision to mold future leaders who will sustainably shape ASEAN businesses, and our mission to arm these leaders with top-notch business insights and technologies for effective and sustainable management in ever-dynamic environments across Thailand, ASEAN, and beyond, we are dedicated to crafting new academic pathways that prepare our students to lead businesses in Thailand and ASEAN.”
In a bold move to align with this mission and vision, July 2024 saw the launch of the TBS x SMU 3+1 Dual Degree Program. This innovative partnership with Singapore Management University (SMU), Singapore’s foremost business school and also a Triple Crown accredited institution, allows students to study at TBS for three years and spend their final year at SMU. Additionally, it offers rich opportunities for internships and employment in Singapore. Upon completion, graduates are awarded both a bachelor’s degree from TBS and a master’s degree from SMU.
This groundbreaking collaboration marks the first instance where two Triple Crown Business Schools have joined hands to offer a four-year perfectly integrated bachelor’s and master’s program. The initiative coalesces the strengths of TBS’s undergraduate programs in accounting and business administration with SMU’s advanced master’s programs in accounting at the School of Accountancy and business administration at Lee Kong Chian School of Business, SMU, delivering a well-rounded education.
Dr. Supattarakul further revealed that TBS is in the process of developing a Bachelor of Business Management (International Program) degree. Slated as a comprehensive 3.5-year undergraduate program, it will be taught entirely in English at TBS’s Rangsit campus, which boasts cutting-edge facilities that cater to both in-class and out-of-class learning needs. This program also offers options for double degrees with top business schools partnered with TBS. It’s designed to attract both Thai and international students, targeting roughly 50% enrollment from China and ASEAN countries, fostering a genuinely international learning environment.
This innovative undergraduate program will be TBS’s second such offering, following the illustrious BBA International Program, which has garnered widespread acclaim both locally and internationally. Celebrating its 33rd year, the BBA program has produced a plethora of successful alumni who have made their mark in the global business arena.
Dr. Supattarakul said, “As Thammasat University is a comprehensive institution offering a broad spectrum of programs across faculties such as social science, science and technology, and health science, TBS recognizes the importance of interdisciplinary education to nurture future business leaders. In this light, TBS is in discussions with other faculties at Thammasat University to create the OneTU 4+1 Dual Degree Program. This program will enable TU students to study for four years in their respective faculties followed by an additional year at TBS to earn a bachelor’s degree in their field and a master’s degree in management from TBS.”
This pioneering program is poised to deliver specialized knowledge from various disciplines, complementing them with crucial management skills indispensable for successful leadership.
As Thammasat Business School strides confidently into its 87th year, it continues to spearhead business education in Thailand, marking its journey with trailblazing initiatives that promise a bright and sustainable horizon ahead.
Wow, Thammasat Business School’s Triple Crown accreditation is truly impressive! It really puts Thai education on the global map.
Yeah, but how accessible is it for students from underprivileged backgrounds? These programs sound like they’re for the elite only.
That’s a valid point. They should have scholarship opportunities, but I’m not sure if it’s enough.
Most top-tier business schools are expensive worldwide. The key is whether they’re offering enough financial aid or opportunities for everyone.
The collaboration with SMU for a dual degree program seems like a game-changer. It’s great to see Asian universities coming together!
True, but I wonder if students will get confused with two different education systems and teaching methods.
If they balance it right, it could give students the best of both worlds. But you’re right, it would be challenging.
TBS launching new programs is fantastic, but will they have the same quality as their existing highly praised courses?
That’s the real question. Innovation is great, but consistency in quality is crucial.
Absolutely. Let’s hope they manage both well.
I find it ironic that they boast about being Triple accredited but completely ignore the climbing tuition fees and the financial burden on students.
This new international program targeting 50% enrollment from China and ASEAN is smart. Diversifying the student body will benefit everyone.
It’s a good move indeed. Students will gain diverse perspectives, but I hope it doesn’t alienate local Thai students.
I really appreciate the interdisciplinary approach in the OneTU 4+1 program. Future business leaders need skills beyond just business.
As a Thai student, I’m proud of TBS’s achievements. But I worry they might be asked to juggle too many new programs.
It’s fascinating that TBS keeps evolving; however, quality must not be compromised over quantity.
Great to see TBS working towards sustainable leadership. ASEAN needs more of that in today’s business world.
These high rankings and collaborations are nice, but I wonder about the real-world applicability of these degrees.
Does anyone know if these innovative programs consider the needs of family-owned businesses, which dominate in Thailand?
Interesting point. Family businesses have unique challenges; hope TBS doesn’t overlook them.
Thammasat being a pioneer in education is nothing new. I wonder how this will affect the competition in the ASEAN region.
It will definitely raise the bar for other universities. Competitors need to step up their game.
TBS’s new programs are a privilege for the few. Most Thai students won’t get the opportunity to experience them.
That’s a sad reality, but maybe investments like these are needed to boost the overall standard eventually.
Incremental benefits don’t help the masses, though. They should focus more on inclusivity.
I’m excited about TBS’s future programs. These degrees, especially when partnered with SMU, offer great potential.
These new degrees are enticing, but balancing diverse student needs and program quality is critical.
The dual degree programs are alluring, but what are they doing to ensure the employability of graduates in real-life scenarios?
It’s refreshing to see TBS blending traditional learning with modern demands. Real innovation happening here!
Improving global ranking is fine, but I’m skeptical whether they’d keep the cultural essence intact at TBS.
Does anyone else think universities are moving too fast with these frequent program changes?
Maybe. Evolution is necessary, but too many changes can confuse both faculty and students.
Institutions need to adapt or get left behind. The key is finding the right pace.
Pioneering initiatives sound great. When will TBS focus more on tech advancements in their syllabus?
Sustainability and business innovation are crucial today. Glad TBS is focusing on these aspects.