Lead Story

AACSB reaccredits Mays and Department of Accounting

Kelli Levey Reynolds, May 4th, 2018

AACSB accredited bannerMays Business School at Texas A&M University received its five-year accreditation renewal this week from the Association to Advance Collegiate Schools of Business.

The renewal includes a separate accreditation of the Department of Accounting, making the college one of 186 worldwide certified in both overall business and accounting programs.

Dean Eli Jones was notified Tuesday, May 1, 2018, of the reaccreditation. “AACSB accreditation is the most rigorous international accreditation a business school can earn. Our engaged stakeholders (faculty, staff and advisory board members) push us to reach this very high standard of quality,” he said. “I am proud that Mays Business School has continuously improved in terms of innovation and impact, which is reflected in our maintaining this accreditation over many years.”

Advancing the world’s prosperity

Department of Accounting head Jim Benjamin added, “We were delighted to be one of the first 13 schools to achieve AACSB accounting accreditation in 1982. Maintaining our status challenges our faculty to pursue excellence and continuous improvement.”

To prepare for the evaluation, Mays officials submitted voluminous documents late last year about the school’s programs and achievements. Mays educates more than 6,400 undergraduate, master’s, and doctoral students in accounting, business honors, finance, management, management information systems, marketing and supply chain management. The vision of Mays Business School is to advance the world’s prosperity by being a vibrant learning organization, creating impactful knowledge, and developing transformational leaders.

A peer review team visited the school, looking specifically at accomplishments since the previous visit five years earlier – including the launch and activation of a new Strategic Plan and consistently high rankings among the top public business schools in the country for its undergraduate and MBA programs, and for faculty research. The team of deans and professors visited Mays in February to interview faculty, staff, outside business partners, alumni, and students about the mission and vision of the college. They rated faculty and curricula and ensured all the programs in the college met quality standards relating to strategic management of resources, interactions between faculty and students, and student success in terms of achieving learning goals.

An intense peer-review process

The Continuous Improvement Review Committee and the Accounting Accreditation Committee concurred with the peer review teams’ recommendations for extension of accreditation of the business and accounting degree programs. The Board of Directors concurred.

Stephanie M. Bryant, executive vice president and chief accreditation officer of AACSB International, extended congratulations to Mays Business School on extending its accreditation. “The intense peer-review process confirms a school’s continued focus on excellence in all areas, including teaching, research, curricula development, and student learning. Mays Business School’s dedication to delivering high-quality business education will create the next generation of great leaders.”

The AACSB sets the highest standards of excellence, and it has been accrediting business colleges since 1916. It provides quality assurance, business education intelligence, and professional development services to more than 1,500 member organizations in 90 countries and 810 accredited business schools in 53 countries. There are more than 16,000 business schools around the world.





Ray Miles, chief executive officer of Rajko Associates, jumpstarted a thought-provoking dialogue with Mays MBA students during his recent visit to campus. His discussion, “Real-Politik of Doing Business Abroad Post 9/11 and Iraq War,” addressed the many issues that impact global business in today’s environment.

Miles’ presentation focused on understanding the human psyche for war and peace, global perceptions and cultural differences. He believes it’s critical for MBA students to understand the correlations of such issues and the business marketplace.

“This issue matters a ton. Why? Because in the end we are in a global economy and we very much affect that economy,” says Miles, who previously served as president of Communication Services, a division of EDS. “Plus, I believe to change the mindset of the people who commit terrorists acts, we have to engage one-on-one in this dialogue.”

Miles has many years of experience with international businesses, having led marketing and engineering for the embedded systems division of a Sarajevo-based Energoinvest conglomerate. He has also held positions within British Telecom in the United Kingdom.

Miles serves on the Board of Directors and Audit Committee of Forgent, the American Council on Germany, the Dallas Committee on Foreign Relations and as a StarTech mentor for start-up companies.

Categories: Programs, Students

Distinguished Professor of Marketing Dr. Leonard Berry received the 2003 American Marketing Association Services Marketing Special Interest Group Best Article on Services Marketing award.

The article, “Understanding Service Convenience,” was published in the July 2002 issue of the Journal of Marketing. Kathleen Seiders, who received her PhD in marketing from Texas A&M and is currently on the faculty of Boston College, and Dhruv Grewal, co-editor of the Journal of Retailing and Toyota Chaired Professor at Babson College, co-authored the article with Berry.

Categories: Departments, Faculty, Research Notes

Sylvia and Jeff Spiegelhauer ’72 have endowed a graduate fellowship to support the studies of an outstanding Mays graduate student. The $150,000 gift has been matched by the Herman F. Heep and Minnie Bell Heep Foundation to create the $300,000 Sylvia and Jeffery L. Spiegelhauer ’72/Heep Endowed Graduate Fellowship.

“Sylvia and I are thrilled to be able to support the One Spirit One Vision Campaign. We have always considered Texas A&M as one of the premier universities in the United States,” says Jeff. “We are excited our gift will be instrumental in spreading that message.”

Spiegelhauer is chairman and chief executive officer of FMA Alliance Ltd., a company specializing in receivable management solutions for major healthcare providers and the bank and retail-credit card industry. He received a degree in agricultural economics from Texas A&M in 1972 and has served on numerous leadership committees at both the state and national level of the Association of Credit and Collection Professionals since 1984.

This is one more story of how individuals and companies are contributing to the goals of Mays Business School. See how others are joining us in the One Spirit One Vision Campaign.

Categories: Former Students

For the first time, the Mays MBA Program was ranked among the world’s top 50 programs in the Wall Street Journal’s third annual survey of MBA programs. In the 2003 survey, Mays ranked 47th overall and 16th among public business schools.

Unlike other rankings, the Wall Street Journal survey is based on the opinions of 2,191 MBA recruiters that hire full-time graduates. It focuses on the characteristics the recruiters deem most important when deciding from which schools to recruit and which students to hire.

Forbes ranked the Mays MBA Program 32nd overall and 11th among public universities in its 2003 rankings. This ranking is unique in that it does not consider perceptions, rather market forces. Specifically, it evaluates five-year salary gains after students earn their degrees and the number of years to pay back.

Five years following graduation, Mays MBA students received a 133 percent increase from their starting salaries, ranking second in the United States and first among public universities in this category.

“Clearly, the high quality of the Mays MBA Program is a testimony to the hard work and talent of our students, faculty, MBA program and Graduate Business Career Services staff,” says Dean Jerry Strawser. “While we are excited about the current state of our program, we are even more excited about its future.”

Categories: Deanspeak, Departments, Faculty, Programs

With the help of the Association of Former Students, Mays Business School is collecting Aggie Ring stories for its 2004 issue of @Mays magazine. Has your ring helped you develop new contacts? Seal a business deal? Land a job?

Tell us how your Aggie Ring has helped propel your business career!

Categories: Former Students

With the theme Connecting with Customers, the Center for Retailing Studies’ 21st annual Retailing Summit is slated for Sept. 18-19 in Dallas.

Fifteen retail leaders are on this year’s program, including: Robert Cialdini, Regents Professor, Department of Psychology, Arizona State University; Lisa Harper, Chairman and CEO, Gymboree Corporation; Gary Kusin, President and CEO, Kinko’s, Inc.; Gary Loveman, President and CEO, Harrah’s Entertainment, Inc.; Davis Ridley, Vice President- Ground Operations, Southwest Airlines Co.; Edith Weiner, President, Weiner, Edrich, Brown, Inc.; and Ari Weinzweig, President, Zingerman’s Community of Business.

“Forming relationships with customers is an enduring concern of retailers,” says Dr. David Szymanski, director of the Center. “The business leaders presenting at this conference are all innovative and passionate when it comes to understanding their customers and getting those customers to return time after time.”

This year’s program also includes sessions focusing on hot concepts and designing for customers. To register or for more information, visit www.retailingsummit.org.

Categories: Centers, Faculty

Assistant Professor of Marketing Alina Sorescu has been selected as the winner of the 2003 American Marketing Association John A. Howard Doctoral Dissertation Competition. Her dissertation is titled, “Sources and Financial Consequences of Radical Innovation.”

Sorescu, who joined Mays last year, also won the 2003 Academy of Marketing Science Doctoral Dissertation Competition. In addition, an article based on her doctoral dissertation appears in the July issue of the Journal of Marketing.

Categories: Departments, Faculty

Marketing doctoral student Julie Guidry was named the winner of the 2003 Fenyo Award for her paper, “Customer-to-Customer Interactions in the Service Environment: A Communications Framework for Understanding C2C Dynamics.” Given by the Academy of Marketing Science at its national conference, the Fenyo Award is presented to the best paper authored by a doctoral student.

Categories: Departments, Research Notes, Students

Chase Professor of Finance James Kolari’s paper, “Large Bank Efficiency in Europe and the United States: Are There Economic Motivations for Geographic Expansion in Financial Services?” has been accepted for publication in the Journal of Business. This research is highlighted in this month’s Mays Business Online.

In addition, Kolari’s research on small business lenders was noted in the U.S. Small Business Association Office of Women’s Business Ownership’s July newsletter. His research report, “Assessing the Profitability and Riskiness of Small Business Lenders in the Banking Industry,” concluded that small business lending normally has a neutral or positive effect on profitability for most banks. Read more about the report at the SBA’s Women’s Center.

Categories: Departments, Faculty, Research Notes

The Mays MBA Class of ’03 has established an endowment to provide financial assistance to an incoming MBA student. Members of the class will contribute approximately $75,000 over the next five years to create the fellowship. Given yearly, the fellowship will be awarded to an MBA student based on his/her leadership, work experience, academic achievement, and career aspirations.

Dean Jerry Strawser has pledged matching funds from the Dean’s Development Council to bring the gift to $150,000. A matching gift from the Heep Foundation at Texas A&M will also help to create the $300,000 MBA Class of 2003 and Mays Business School Dean’s Development Council/Heep Endowed Graduate Fellowship.

“As the first MBA class to do this, we hope this is just the foundation and the beginning of a new Aggie tradition of classes giving back to the MBA program,” says Romney Stewart, one of the MBA candidates who helped initiate this project.

This is one more story of how individuals and companies are contributing to the goals of Mays Business School. See how others are joining us in the One Spirit One Vision Campaign.

Categories: Faculty, Programs, Students