Michigan State University’s Broad College of Business is among 68 schools from around the world that have successfully maintained their accreditation in business this year, the Association to Advance Collegiate Schools of Business International (AACSB) recently announced. Additionally, the college’s Department of Accounting and Information Systems is among 22 schools that have maintained their accreditation in accounting with AACSB.
“We take our AACSB accreditation very seriously, because it emphasizes the importance of faculty research productivity and providing students with a state-of-the-art education that prepares them for outstanding careers. It’s no easy task,” says Eli and Edythe L. Broad Dean Stefanie Lenway. “This process highlighted the outstanding work our faculty and staff do to ensure the success of our students, and I’m very proud of our accomplishment.”
Achieving accreditation is a process of rigorous internal review, evaluation and adjustment and can take several years to complete. During these years, the school develops and implements a mission-driven plan to meet 21 quality standards relating to faculty qualification, strategic management of resources, interactions of faculty and students, as well as a commitment to continuous improvement and achievement of learning goals in degree programs.
Accounting accreditation requires the satisfaction of an additional set of 15 standards that are specific to the discipline and profession of accounting.
AACSB accreditation is the hallmark of excellence in business education and has been earned by less than five percent of the world’s business schools. Today, there are 620 business schools in 38 countries that maintain AACSB accreditation. Similarly, 177 institutions now maintain an additional specialized AACSB accreditation for their accounting programs.
“It takes a great deal of commitment and determination to earn AACSB accreditation,” said Jerry Trapnell, executive vice president and chief accreditation officer of AACSB International. “Schools must not only meet specific standards of excellence, but their deans, faculties and staffs must make a commitment to ongoing improvement to ensure that the institution will continue to deliver high quality education to students.”
For a complete list of schools that have earned maintenance of accreditation in business and/or accounting, visit www.aacsb.edu.
