Babson Extends Its AACSB Accreditation
Last week, The Association to Advance Collegiate Schools of Business (AACSB) International announced that Babson College had successfully extended its AACSB accreditation in business and accounting. AACSB accreditation is a mark of excellence in business education. The AACSB requires schools to meet quality standards in business education, including innovative programing, active engagement with industry and the business community, and a high quality teaching environment.
It can take several years for a business school to earn AACSB accreditation. The process requires an extensive internal review, evaluation, and adjustment as the school develops a plan to meet the AACSB standards. Once a school earns its business accreditation, it must go through a peer review process every five years to maintain the accreditation. To earn accreditation in accounting, a school must first earn AACSB accreditation in business, and then satisfy an additional set of standards specific to accounting.
Less than five percent of business schools worldwide have earned AACSB accreditation. Over 687 schools in 45 countries have AACSB accreditation for their business programs, while only 182 institutions have additional accreditation for their accounting programs. To keep AACSB accreditation, schools must show that they currently meet the AACSB’s standards, and that the school officials have a plan in place to continue providing a high quality of education in the future.
Dennis Hanno, the Provost and Senior Vice President of Babson College, stated “Babson is proud and honored to earn this extension of our AACSB International accreditation. It is the strongest endorsement possible of our high-quality faculty, staff, students and programs.”
