AACSB as the oldest and longest serving global accreditation agency strives to continuously improve engagement among business, faculty, institutions, and learners, so that business education is aligned with business practice.
AACSB revised its standards 11 times in its over a century of existence the most recent of which in 2020 when the standards were revised to explore the content and nature of the standards, then explore ways to improve the processes and attitudes around the peer review visits along with a stronger volunteers training system.
The 2020 standards empower business schools to make choices that are consistent with their missions and that allow them to lead and thrive in their unique environments.
The new standards are divided into three strategic goals "Strategic Management (3 standards) Learners success (four standards) and Thought Leadership (2 standards) as opposed to the current four categories Strategic Management, Participants, Teaching and Learning and Academic and Professional Engagement. The new standards enabled AACSB to move toward principles-based and outcomes-focused standards. They call business schools to specifically identify how they envisage making a positive societal impact. They embrace alternative instructional delivery models. They promote the importance of collaborations within and between disciplines and institutions.
THE TRANSITION SCHEDULE
The transition period for adopting the 2020 business accreditation standards will take place between January 2021 and June 2023. The initial pilot will occur in the 2020-21 academic year, with a small number of schools with visits scheduled between January and June 2021 reviewed under the 2020 business standards. The pilot schools have been identified and all other schools outside the pilot group will be reviewed under the 2013 standards.
Schools with peer review team visits scheduled between July 1, 2021 and June 30, 2023, can choose to be reviewed under either the 2013 or 2020 business standards. Schools should communicate their preference to their AACSB accreditation staff liaison.
Beginning July 1, 2023, all schools will be reviewed under the 2020 standards during their next scheduled visit.
Vision: To transform business education for global prosperity.
Mission: International is to foster engagement, accelerate innovation, and amplify impact in business education
AACSB has appointed the Jikyeong Kang of Asian Institute of Management (AIM), Manila Philippines as the current year (2021-22) President of the Board. Jikyeong is also the first female President and Dean of AIM.
Amy Memon has been elevanted to the position of Head of AACSB Asia Pacific
An AACSB International member institution offering undergraduate and/or graduate degrees in business may voluntarily apply for AACSB Business Accreditation. The AACSB Accreditation Process includes rigorous self-evaluation and peer-review elements. The process begins with the submission and approval of an Eligibility Application. Once a school’s Eligibility Application has been approved, it will enter the Initial Accreditation phase. If a school is able to meet all of AACSB’s Accreditation Standards and completes the requirements, it will be recommended for Accreditation. All AACSB-accredited institutions must enter the Continuous Improvement Review process every five years.
AACSB is world’s oldest business accreditation organization set up in 1916. AACSB provides quality assurance, business education intelligence and professional development services to more than 1,700 member organizations and over 850 accredited business schools worldwide.
AACSB provides quality assurance, business education intelligence, and learning and development services to over 1,700 member organizations and more than 840 accredited business schools worldwide.
*Those marked in colour are the Accredited schools of AACSB
AACSB announces new standards for 2020
AACSB business accreditation signals to the world that an institution has met the most rigorous standards of excellence in business education. Institutions that have earned the AACSB accreditation seal demonstrate that they are committed to upholding and advancing the quality of their programs, both at the undergraduate and graduate levels.
An overview of the initial accreditation process provides the steps necessary to complete the accreditation process, which includes self-evaluations, peer reviews, committee reviews, and the development of in-depth strategic plans. After achieving accreditation, schools undergo continuous improvement reviews every five years to ensure they are evolving and improving over time.
Achieving Business Accreditation: At a Glance
1. Learn more about the eligibility process and application for business accreditation.
2. Access all of the details, sample forms, and guidelines required for initial accreditation.
3. Access all details and guidelines required for the continuous improvement review process.
Amy Memon, now Head of Asia Pacific region of AACSB speaking at the 13th International Accreditation Conference of SEAA Trust, New Delhi on November 6, 2020
How AACSB Is Transforming Business School Accreditation
AACSB’s white paper, How AACSB Is Transforming Business School Accreditation, provides an overview of how AACSB accreditation has evolved over the years to adapt to the changing landscape of business education. The paper identifies four key contributions to business education made by the 2020 accreditation standards, addresses important changes to accreditation processes and volunteer training, and highlights key differences in applying the standards to schools seeking initial accreditation versus schools in the continuous improvement review process. Visit AACSB website for the white paper