The Faculty of Business Administration's detailed application to enter the AACSB accreditation process was approved at the meeting of the agency's Pre-Accreditation Committee in Minneapolis on 16 September.
The Faculty accordingly has entered the first formal phase of the process, which must be completed within two years with the submission and approval of an Accreditation Plan. A mentor will be assigned, who will assist the Faculty with the accreditation process and who will provide advice about how to close gaps between the Faculty's existing operations and the conditions necessary to meet the agency's 21 standards. The Faculty will be soliciting input from relevant stakeholders as the accreditation process advances.
Founded in 1916, AACSB International is a not-for-profit organization consisting of more than 900 educational organizations and corporations. Its mission is excellence in management education in colleges and universities. Headquartered in Tampa, Florida, AACSB is the premier accreditation agency for business education and represents the top 10 percent of business schools worldwide. As of April, 2006, 527 member institutions hold AACSB business accreditation, of which 168 have additional specialized accreditation for their accounting programs. Eighty-five accredited institutions are outside of the United States.
