Association to Advance Collegiate Schools of Business explained

Size:	200px
Abbreviation:	AACSB
Formation:	1916
Type:	non-governmental organization
Purpose:	educational accreditation
Headquarters:	Tampa, Florida, U.S.
Membership:	approximately 900 institutions
Leader Title:	President and CEO
Leader Name:	Lily Bi
Leader Title2:	Chairman of the board
Leader Name2:	Alexander Triantis

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.^[1]

Not all members of the association are accredited; the association also does not accredit for-profit schools.^[2] In 2019, the association received ISO 9001 certification.^[3] The association was once known as the American Association of Collegiate Schools of Business and as the International Association for Management Education.

History

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.^[4] The first accreditations took place in 1919. For many years, the association accredited only American business schools, but in the latter part of the twentieth century adopted a more international approach to business education.^[5]

The first school it accredited outside the United States was the Alberta School of Business at the University of Alberta in 1968,^[6] the first outside North America was the French business school ESSEC, in 1997,^{[7] [8]} and the first business school outside North America and Europe 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,^[9] and in July its Committee on Recognition recommended that recognition be denied on 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.^[10] In September 2016, the association withdrew from the council.^{[11] [12]}

In 2019, it received ISO 9001 certification.

Since June 2023, the organization's president and chief executive officer has been Lily Bi, who was previously an executive at the Institute of Internal Auditors.^[13]

See also

• List of AACSB-accredited schools (accounting)
• Singapore Management University

Further reading

• Andrea Everard, Jennifer Edmonds, Kent Pierre (2013). The Longitudinal Effects of the Mission – Driven Focus on the Credibility of the AACSB. Journal of Management Development 32 (9):995–1003
• W. Francisco, T.G. Noland, D.Sinclari (2008). AACSB Accreditation: Symbol of Excellence or march toward Mediocrity. Journal of College Teaching & Learning 5 (5):25–30
• Harold Hamilton (2000). AACSB Accreditation: Are the Benefits worth the Cost for a Small School? A Case Study. Proceedings of the American Society of Business and Behavioral Sciences Track Section of Management February 17–21, 2000, Las Vegas, Nevada: 205–206
• Anthony Lowrie, Hugh Willmott (2009). Accreditation Sickness in the Consumption of Business Education: The Vacuum in AACSB Standard Setting. Management Learning 40 (4):411–420
• N. Orwig, R.Z. Finney (2007). Analysis of the Mission Statements of AACSB – Accredited Schools. Competitiveness Review 17 (4):261–273
• E.J Romero (2008). AACSB Accreditation: Addressing Faculty Concerns. Academy of Management Learning and Education 7 (2):245~255
• J.A. Yunker (2000). Doing Things the Hard Way – Problems with Mission-Linked AACSB Accreditation Standards and Suggestions for Improvement. Journal of Education for Business 75 (6):348–353

Notes and References

1. Web site: The Triple Accredited Business Schools (AACSB, AMBA, EQUIS) . 2021-06-01 . www.mba.today.
2. News: Top M.B.A. Programs Embrace Online Education . Brian Burnsed . . March 15, 2011 . March 30, 2011. https://web.archive.org/web/20110430111144/http://www.usnews.com/education/online-education/articles/2011/03/15/top-mba-programs-embrace-online-education. 30 April 2011 . live.
3. Web site: AACSB: 2020 Standards now released. 2021-06-01. QED. en-GB.
4. An exploratory study of the perceptions of AACSB International's 2013 Accreditation Standards . Journal of International Education in Business . 8 . 2–17 . Morgan P. . Miles. Geralyn McClure . Franklin. Martin . Grimmer. Kirl C. . Heriot . Emerald Insight. 10.1108/JIEB-02-2014-0009 . 2015 .
5. John Thanopoulos, Ivan R. Vernon (1987). International Business Education in the AACSB Schools. Journal of International Business Studies 18 (1): 91–98. .
6. News: B-schools work hard to get the stamp of approval . Erin Millar . . March 15, 2011 . live . https://web.archive.org/web/20240206191352/https://www.theglobeandmail.com/report-on-business/careers/business-education/b-schools-work-hard-to-get-the-stamp-of-approval/article4266319/ . Feb 6, 2024 .
7. Web site: History - Values . . live . https://web.archive.org/web/20230927153607/https://www.essec.edu/en/pages/about-essec/values/history/ . Sep 27, 2023 .
8. News: ESSEC Business School . Poets & Quants . October 27, 2016 . live . https://web.archive.org/web/20200804140612/https://poetsandquants.com/school-profile/essec-business-school/2/ . Aug 4, 2020 .
9. Web site: CHEA Board Meeting Minutes - Jan 2015 . Council for Higher Education Accreditation . January 26, 2015 .
10. Web site: Accreditation Recognition Decision Summary: AACSB . September 29, 2016 . Council For Higher Education . live . https://web.archive.org/web/20230213083603/https://www.chea.org/sites/default/files/2019-03/AACSB.pdfhttps://web.archive.org/web/20230213083603/https://www.chea.org/sites/default/files/2019-03/AACSB.pdf . Feb 13, 2023 .
11. "Recognition Decision Summary: AACSB International The Association To Advance Collegiate Schools Of Business (AACSB)". Council for Higher Education Accreditation, September 29, 2016. Archived October 18, 2016.
12. Web site: AACSB Pursues ISO Certification to Strengthen Its Service to Global Business Education Community . AACSB . 27 September 2016 . dead . https://web.archive.org/web/20210603083912/https://www.aacsb.edu/newsroom/2016/9/aacsb-pursues-iso-certification-to-service-global-business-education . Jun 3, 2021 .
13. Web site: AACSB International Appoints Lily Bi as President and CEO . AACSB International . 15 July 2023 . en . 1 June 2023.