1. AACSB International Accreditation: An Overview
Eileen Peacock
Vice President AACSB Intl- Asia
AACSB International
May 2010

2. The AACSB Mission
To advance quality management education worldwide through accreditation and thought leadership.

3. 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

4. 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

5. 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

6. 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

7. 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

8. The World of Management Education
Region
AACSB Members
AACSB Accredited
In AACSB Accred. Process
Estimated Schools w/ Business Programs
Africa 13 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 12 99
Totals
1,168
593
190
12,472
Source: AACSB analysis, as of April 6, 2010 8

9. Global Accreditation Landscape
Of approximately 12,000 institutions granting business degrees worldwide…
≈10% (1200+) are accredited by an organization operating on an international scale
≈6% have AACSB International, EQUIS and/or AMBA accreditation
Source: AACSB analysis of publicly available data as of January 1, 2010.

10. Global Accreditation Total = 713 AACSB (570) EQUIS (122) AMBA (160)
30 (4.2%)
20 (2.8%)
503(70.4%)
42 (5.9%)
30 (4.2%)
5 (.7%)
Use this not only to finish pointing out that accredited schools make up only a fraction of the total number of institutions awarding business degrees, but also to point out that on the other side, our increasing size relative to other global accreditation has led the Board to begin thinking about ways to increase value amongst existing accredited schools.
Discuss importance of the work of the special committee in this context.
(Transition to next section of slides)
With the remaining slides, we’ll talk about other areas in which the future of management education is being shaped, and discuss some of the ways that AACSB – through its governance structure, committees, task forces, special interest groups, professional development, publications, etc. (all of which are comprised of/contributed to by members) – is helping to shape that future.
80 (11.6%)
AMBA (160)
Source: AACSB analysis of publicly available data as of January 1, 2010.

11. AACSB Accreditation Assures a Business School Program
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
Three categories of characteristics of quality in higher education
Schools that achieve quality in these three areas are accreditable.

12. Important Stakeholders that Benefit From AACSB Accreditation
Students
Employers
Deans and Faculty
Partners

13. 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

14. 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

15. 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

16. 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

17. ACCREDITATION STANDARDS-
AACSB INTERNATIONAL
ACCREDITATION STANDARDS-
AN OVERVIEW

18. 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

19. Assurance of Learning Participants STRATEGIC MANAGEMENT
Staff &Sufficiency & Student Support
Faculty Sufficiency & Qualifications
Faculty Mgmt & Support
Student Admission & Retention
Aggregate Faculty & Staff Educational Responsibility
Individual Faculty & Student Educational Responsibility
Participants
Mission Statement
Mission Appropriateness
STRATEGIC MANAGEMENT
Continuous Improvement Objectives
Student Mission
Financial Strategies
Educational Level
Learning Goals
Management of Curricula
Assurance of Learning

20. AACSB Standards-Business
Strategic Management (5 standards)
Participants (9 standards)
Assurance of Learning (7 standards)

21. 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

22. 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.

23. 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

24. 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

25. AACSB International Assurance of Learning Standards-Business
15 – Management of curricula with focus on continuous
improvement-provides general curricula content
guidelines. Expects participation of stakeholders in setting goals
16 – Undergraduate learning goals
17 – Undergraduate educational level
18 – Masters level general educational learning goals
19 – Specialized masters degree learning goals
20 – Masters educational level
21 – Doctoral learning goals

26. 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

27. The Accreditation Process: A Three Phase System-Business and Accounting

28. Establish eligibility, early stage readiness, alignment plan
Pre-Accred
Phase
Establish eligibility, early stage readiness, alignment plan
Feedback provided by Pre-Accreditation Committee and mentor
1 year allowed to develop alignment plan
Rolling admission
Initial Accred
School documents readiness for initial accreditation
Feedback from Initial Accreditation Committee and mentor
3 years allowed to implement plan, pace is up to school
1-2 years allowed for self-evaluation report and review
Maintenance
Review occurs every five years with revised documents
Must document continuous improvement
Standards alignment expected
Strong focus on consultative feedback and continuous improvement

29. 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

30. 2010-2011 Accreditation Fees 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

31. 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

32. QUESTIONS AND DISCUSSION

33. Discussion