AACSB International Fact Sheet
AACSB International stands for “The Association to Advance Collegiate Schools of Business.”
AACSB International is a not-for-profit corporation of educational institutions, corporations, and other organizations devoted to the promotion and improvement of higher education in business administration and management.
AACSB International is a professional accreditation. This accreditation represents the highest standard of achievement for business schools worldwide.
Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review.
Only 30% of business schools in the country have earned this accreditation.
AACSB International was originally organized in 1916. In 1919, it began its accreditation function with the adoption of its first standards. Some of its founding members include Columbia University, Harvard University, the University of Texas, and Yale University.
In 1991, AACSB International members approved mission-linked accreditation standards and the peer review process. In 2003, members approved a revised set of standards that are relevant and applicable to all business programs globally and which support and encourage excellence in management education worldwide.
Information taken from the AACSB International website: http://www.aacsb.edu. February 2005.
