School of Business Maintains Exclusive Dual Accreditation
ALBANY, N.Y. (Feb. 18, 2020) — UAlbany’s School of Business maintained its prestigious dual accreditation, in business and accounting, through the Association to Advance Collegiate Schools of Business (AACSB) after a peer-review process.
“We are very proud of the strides we have made on all fronts — new programs, student success, alumni engagement, and faculty and staff productivity,” Dean Nilanjan Sen said. “The extension of accreditation by AACSB is also a signal to us that our peers also recognize our commitment to rigorous quality in business education.”
The School of Business has maintained its AACSB accreditation since it was first granted in 1974, and was the first in the world to be recognized by AACSB at both the graduate and undergraduate levels. Fewer than 6 percent of colleges and universities around the world offering business degree programs hold AACSB business accreditation, and fewer than 2 percent also hold accreditation for their accounting programs.
Initial recognition requires a three- to seven-year process involving meticulous review during which schools implement a plan to meet regularly evolving AACSB standards, including stringent faculty criteria. Thereafter, accredited schools must complete an extensive peer review every five years to maintain accreditation.
Founded in 1916, AACSB is the longest serving and largest global accrediting body for business schools, and the gold standard of undergraduate and graduate business education.