The Association to Advance Collegiate Schools of Business (AACSB) offers accreditation on an international level to undergraduate and graduate accounting and general business programs. If a program has received accreditation from AACSB, it indicates that the program has been validated in achieving the high standards set forth as indicators of proficiency by AACSB International. Only about five percent of academic business programs worldwide qualify for AACSB accreditation, which requires top-notch faculty and curriculum.
For students, graduating from an AACSB accredited program may offer more opportunities, since some employers specifically look for students from such institutions. These students also tend to obtain higher-paid positions. According to AACSB International, schools report that the accreditation helps them attract and retain more qualified faculty and learners eager to do well in school. Many institutions also indicate that AACSB demands they adhere to more rigorous standards than many other accreditation organizations. For accreditation, schools must follow AACSB policies, such as those for effective resource allocation, student and faculty support and retention, teaching effectiveness and learning. The AACSB maintains a database of approved programs.
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What Is AACSB?
Accreditation is a means of standardizing and creating a common format or a set of regulations for an industry or group to...