It is the same, "Note: Bookmarks are known as Favorites in Internet Explorer."

from : How do I use bookmarks?

How can I organize my bookmarks?

thank you

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The term favorites, or favourites, is used by other browsers such as Internet Explorer, whereas Firefox uses the term bookmarks.

The technology behind the two also differs somewhat, but it is still for instance possible to import favourites from IE to Firefox see

• Import Bookmarks and other data from Microsoft Edge

Once the favourites are imported and appended to your bookmarks thay can be organised by dragging and dropping etc

• how do i use bookmarks?