AACSB Profile

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AACSB Profile
AACSB, or the Association to Advance Collegiate Schools of Business, is a global nonprofit membership organization composed of higher-education institutions and businesses. The management education network was founded in 1916 in order to assist business schools in reaching an international standard of excellence in education. AACSB International continues this commitment today through its accreditation program, as well as providing member institutions with new and exciting opportunities in research and information exchange. At present, less than 6% of the world’s business schools have received AACSB International Accreditation.
AACSB provides a consistent standard of certification for undergraduate and graduate programs in business administration and accounting. Not all AACSB member organizations have achieved accreditation, though there are still many advantages to being a member school without accreditation. Of all Business Schools in the world, only about 5% have achieved AACSB certification.
AACSB’s founding members include Harvard, UPenn, Columbia, Dartmouth, NYU, Northwestern, Yale, UC Berkeley, University of Chicago, University of Illinois, and Ohio State.
The AACSB accreditation process for business programs began in 1919, whereas that for accounting programs began in 1980. AACSB accreditation represents the highest achievement for business school accountability worldwide. Each school must undergo a rigorous and comprehensive assessment of the quality of its courses and resources in order to become accredited. Therefore AACSB accreditation serves as a mark of excellence for international business programs.