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AACSB International Accreditation: An Overview
Eileen PeacockVice President AACSB Intl- Asia
AACSB InternationalMay 2010
The AACSB Mission
To advance quality management education worldwide through
accreditation and thought leadership.
AACSB’s Current Activities• Award winning BizEd magazine (6 times per
year)• BestBizSchools.com (searchable student web
site focused on AACSB accredited institutions)
• Asia office opened in June 2009 to serve the this important region (5,000+ business schools)
• Launched Asia version of Business School Questionnaire this year
AACSB’s Current Activities Cont’d
• Completing plan for activities related to doctoral faculty development worldwide
• Member survey completed to provide guidance and feedback for future activities
• Held 8 professional development programs in Asia
• Asia Task Force appointed to provide perspectives on how AACSB can better serve business schools in the region
AACSB’s Current Activities Cont’d • Launched in 2009 “AACSB Exchange,”
our social network through our “Members’ Only” portal
• Launching a “Best Practices” searchable database through DataDirect
• Supports largest database on business schools in the world via DataDirect
• Issued report on “Business Schools and Innovation” in April 2010
AACSB’s Current Activities Cont’d
• Report on globalization of business education to be issued later in 2010
• Annually deliver 11 conferences and 42 seminars internationally
• In 2009, launched a webinar series on accreditation topics to be expanded in 2010-11
AACSB’s Network• An international network of 1229 members
in 76 countries/territories
• 593 AACSB accredited institutions in 37 countries; accounting accreditation held by 173 institutions in 4 countries
• 190 institutions are formally seeking AACSB accreditation
• Over 400 volunteers annually assist AACSB in its peer review activities
The World of Management Education
RegionAACSB
MembersAACSB
Accredited
In AACSB Accred. Process
Estimated Schools w/ Business Programs
Africa 13 1 1 756
Asia 172 36 45 5,954
Europe 193 46 52 1,968
Latin America & Caribbean
58 10 11 1,970
Northern America
699 490 69 1,725
Oceania 33 10 12 99
Totals 1,168 593 190 12,472
Source: AACSB analysis, as of April 6, 2010
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Of approximately 12,000 institutions granting business degrees worldwide…
Global Accreditation Landscape
≈10% (1200+) are accredited by an organization operating on an international scale
≈6% have AACSB International, EQUIS and/or AMBA accreditation
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Source: AACSB analysis of publicly available data as of January 1, 2010.
Global Accreditation
503(70.4%)
AACSB (570)EQUIS
(122)
AMBA(160)
30(4.2%)
80(11.6%)
30(4.2%)
5 (.7%)
42(5.9%)
20(2.8%)
Source: AACSB analysis of publicly available data as of January 1, 2010.
Total = 713
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• Manages resources consistent with a clearly stated mission•Advances knowledge through faculty scholarship•Provides quality teaching and current, globally relevant curricula•Cultivates meaningful interaction between students and a qualified faculty•Produces graduates who have achieved specified learning goals•Makes a statement to external communities about your commitment to quality and continuous improvement
AACSB Accreditation Assures a Business School Program
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• Students
• Employers
• Deans and Faculty
• Partners
Important Stakeholders that Benefit From AACSB Accreditation
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The Value Proposition: Students and Employers
• AACSB accreditation provides quality assurance and distinction
• AACSB accreditation may allow students and employers to narrow their set of schools
• AACSB’s focus on excellence ensures high quality academic programs
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The Value Proposition: Deans and Faculty
• AACSB accreditation is important to employers and students
• AACSB accreditation supports excellence • AACSB accreditation validates the high
standards the business school imposes on itself
• Internal and external benefits are significant
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The Value Proposition: Partners
• AACSB accreditation provides quality assurance to other partners
• Provides a basis for incorporating quality assurance into agreements
• Enhances attractiveness of partners that hold AACSB accreditation
AACSB Member Benefits BizEd magazine – complimentary subscriptions Online Resource Centers Affinity Groups—connect with colleagues with
similar interest DataDirect – members only access to
subscriptions and custom reports Thought Leadership Reports Conferences and Seminars – members only
discounts eNEWSLINE Sponsorship/Exhibit Opportunities ME Jobs – special member rates Online Member Directory Accreditation Resources
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AACSB International Standards- Eligibility Criteria
• Authority to grant degrees (undergraduate, masters, and/or doctorates)
• Continuing financial resources• Scope of accreditation• Diversity in perspectives and
participants• Expectations for ethical behavior• Programs have produced graduates for
at least two years
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Individual Faculty & Student Educational Responsibility
Participants
Student Admission &
Retention
Staff &Sufficiency & Student Support
Faculty Sufficiency & Qualifications Faculty
Mgmt & Support
Aggregate Faculty & Staff
Educational Responsibility
Mission Statement
Mission Appropriateness
STRATEGIC MANAGEMENT
Student Mission
Continuous Improvement
Objectives Financial Strategies
Assurance of LearningManagement of Curricula
Learning
Goals
Educational Level
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AACSB Standards-Business
• Strategic Management (5 standards)
• Participants (9 standards)
• Assurance of Learning (7 standards)
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AACSB International Strategic Management Standards-Business
1 – Mission statement reflecting input of key stakeholders including faculty, employers, alumni, etc.
2 – Mission appropriateness and commitment to advance
knowledge in management education
3 – Student mission
4 – Continuous improvement objectives
5 – Financial strategies
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Accreditation Philosophy-Strategic Management
AACSB accreditation satisfies a moral dimension of management education through Strategic Management standards that focus on:
• A well articulated mission;• Effective use of resources to achieve the mission;• Constant focus on continuous quality improvement;
and• Advancement of knowledge in
management/accounting• Recognized importance of stakeholder input including
employers, alumni, etc.
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AACSB International Participant Standards-Business
6 – Student admissions consistent with mission
7 – Student retention policies consistent with mission
8 – Staff sufficiency-student support consistent with mission
9 – Faculty sufficiency and student/faculty interaction principles (participating and supporting faculty)
10- Faculty Qualifications (academically and professionally qualified)
11 –Faculty management and support
12 –Aggregate faculty and staff educational responsibilities
13 –Individual faculty educational responsibilities
14 –Student educational responsibilities
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Philosophy of AACSB International Accreditation
AACSB accreditation ensures the quality of the educational dimension of business schools through Participant Standards that:
• Require appropriate actions and interactions between faculty, students, administrators, and staff;
• Insure use of sufficient, qualified, and engaged faculty resources; and
• Expect active student involvement and appropriate student recruitment policies and support systems
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AACSB International Assuranceof Learning Standards-Business
15 – Management of curricula with focus on continuous improvement-provides general curricula content guidelines. Expects participation of stakeholders in
setting goals16 – Undergraduate learning goals17 – Undergraduate educational level18 – Masters level general educational learning goals19 – Specialized masters degree learning goals20 – Masters educational level21 – Doctoral learning goals
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Philosophy of AACSB International Accreditation
AACSB accreditation ensures the accountability dimension of management education through Assurance of Learning standards that:
• Insure delivery of effectively managed curricula consistent with the stated mission;
• Insure program intentions defined by learning goals; and
• Insure learning achievement as demonstrated by direct assessment of learning
Pre- and Initial Accreditation Process
• Membership • Complete Eligibility criteria form (rolling admission)• Enter Pre-accreditation process and mentor assigned• Develop Alignment plan • Pre Accreditation Committee approves alignment plan
• Scope of review approved• Initial Accreditation Committee (IAC) approves the plan• School Implements the plan• Enter Accreditation process - peer review team assigned• SER• Visit
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2010-2011 Accreditation Fees
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Effective July 1, 2010 Fees from Pre-Accreditation Eligibility Application
through the Initial Accreditation Review:
Establish Eligibility Criteria 1,000 USD Pre-Accreditation Fee – Business or Accounting1 4,500 USD
Initial Business
Accreditation Application Fee2 12,000 USD
[1] Includes current fiscal year Pre-Accreditation fee[2] Due following the submission of the Initial Accreditation application
Why AACSB Accreditation??
Why not? – • recognised worldwide• strives for quality• incentive to change for the better• makes one ask questions of one’s self –
introspective process• demonstrates to the world that
a group of peers has said “you are
good at what you do”31