French society. Similar to Ivy League schools in the United States, Oxbridge in the UK, and C9 League in China, graduation from a grande école is considered the prerequisite credential for any top government, administrative and corporate position in France. The degrees are accredited by the Conférence des Grandes Écoles and awarded by the Ministry of National Education (France). Higher education business degrees in France are organized into three levels thus facilitating international mobility: the Licence / Bachelor's degrees, and the Master's and Doctorat degrees. The Bachelors and the Masters are organized in semesters: 6 for the Bachelors and 4 for the Masters. Those levels of study include various "parcours" or paths based on UE (Unités d'enseignement or Modules), each worth a defined number of European credits (ECTS). A student accumulates those credits, which are generally transferable between paths. A Bachelors is awarded once 180 ECTS have been obtained (bac + 3); a Masters is awarded once 120 additional credits have been obtained (bac +5). The highly coveted PGE (Grand Ecole Program) ends with the degree of Master's in Management (MiM) Since 2004, Grenoble Ecole de Management is one of the few (1%) management schools worldwide awarded with the prestigious "Triple crown" accreditations : Its accreditations are regularly renewed, and each one for the maximum period of five years. The school's DBA program is one of only eleven doctoral programs in the World to be also accredited by AMBA. Programs The Grenoble Ecole de Management (GEM) covers all fields of management by offering an academic program with: the Master in Management (Grande Ecole) taught in the most selective French business schools "écoles supérieures de commerce"; the Bachelor of International Business (BIB) ranked first in France (Le Parisien) and various undergraduate certificates and graduates including : the MBA, EMBA, MIB, and the 13+ Master's level programs MSc. All are delivered in English or French - emphasize innovation, technology and intercultural management. The PhD program has been launched in 2009 and is offered in four majors : marketing, finance, strategy and innovation management, and organisational sciences. Worldwide rankings GEM is consistently rated by the Financial Times, The Economist, Shanghai ranking and QS World University rankings as one of the top business schools in continental Europe ("Business administration", "Management", "Economics") and one of the leading business schools worldwide. The school has been ranked second after HEC for sustainable & ecology development by Le