9-496: The Association to Advance Collegiate Schools of Business ( AACSB ) is an American professional and accreditation organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to business schools. AACSB is considered as one of the triple accreditation . Not all members of the association are accredited; the association also does not accredit for-profit schools. In 2019,
18-504: The United States chose to only pursue AACSB accreditation. Factors influencing this include the perception in the United States that AACSB accreditation is sufficient, and that the structure of United States business schools means that they often do not meet the accreditation standards for AMBA or EQUIS, for example, that the admission policies for United States MBA programmes do not align with the requirement of AMBA that students should have
27-605: The association accredited only American business schools, but in the latter part of the twentieth century adopted a more international approach to business education. The first school it accredited outside the United States was the Alberta School of Business at the University of Alberta in 1968, the first outside North America was the French business school ESSEC , in 1997, and the first business school outside North America and Europe
36-565: The association received ISO 9001 certification. The association was once known as the American Association of Collegiate Schools of Business and as the International Association for Management Education. The American Assembly of Collegiate Schools of Business was founded as an accrediting body in 1916 by a group of seventeen American universities and colleges. The first accreditations took place in 1919. For many years,
45-456: The basis that the AACSB had consistently failed to document that it was routinely providing "reliable information to the public on their performance, including student achievement" as CHEA requires. In September 2016, the association withdrew from the council. In 2019, it received ISO 9001 certification. Since June 2023, the organization's president and chief executive officer has been Lily Bi, who
54-492: The whole business school and is intended to "signif[y] a business school’s commitment to strategic management, learner success, thought leadership, and societal impact", with a greater emphasis on diversity and inclusion since the 2020 revision. EQUIS accreditation also looks at the whole business school, and is intended to "signal[] the school’s overall quality, viability and self-improvement commitment". While all three accrediting bodies operate globally, most business schools in
63-690: The world are triple-accredited as of 2 April 2024 . Most business schools in the United States chose to only pursue AACSB accreditation. Each of the three institutions assesses a business school according to different criteria and scope: AMBA accreditation examines the Master in Business Administration MBA programme portfolio and is intended to show that this "demonstrat[es] the highest standards in teaching, learning and curriculum design, career development and employability, student, alumni and employer interaction". AACSB accreditation looks at
72-713: Was previously an executive at the Institute of Internal Auditors . Triple accreditation Triple accreditation refers to the simultaneous accreditation of a business school by three international accreditors: the Association to Advance Collegiate Schools of Business in the United States , the Association of MBAs in the United Kingdom , and EFMD Quality Improvement System in Belgium . A total of 129 business schools in
81-599: Was the KFUPM Business School KFUPM Business School , in 2000. The present name of the association was adopted in 2001. The present name of the association was adopted in 2001. In January 2015, the Council for Higher Education Accreditation deferred recognition of the association pending satisfaction of its policy requirements, and in July its Committee on Recognition recommended that recognition be denied on
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