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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.

 

 

 

 

Two Mays MBA teams were selected from among 3,825 teams to participate in the third annual L’Oréal e-Strat Challenge. First-year students Lisa Buckley, Kim Davis and Mathew Van Alstyne comprise team Joie de strategie, while Amit Jain, Jay Rege and Kapil Sarin are competing as team Planetz.

Of the teams that registered, 820 were selected to compete, including 87 teams from the United States. L’Oréal and StratX, designers of marketing and business strategy simulation applications, developed the virtual marketing game specifically for MBA students.

Participating teams control a virtual beauty company and a portfolio of brands. They compete for worldwide leadership against four other virtual companies run automatically by the simulation.

Buckley, Davis and Van Alstyne’s team, Joie de strategie, was ranked 35 in the United States and 287 in the world after four rounds of competition. Jain, whose team was ranked 63 in the United States after the fourth round of competition, says he is gaining valuable experience applying theory and making practical decisions in a highly competitive situation.

Another Texas A&M team, Strategists, is also competing, including industrial engineering students Hardik Parekh and Rawal Paras and computer science student Rishit Gautan.

Winners will be announced in April at the International Awards Ceremony in Paris.

Categories: Departments, Programs, Students

Benito Flores, Tenneco Professor in Business, was appointed Global Development Coordinator for the Decision Sciences Institute (DSI).

Flores, who teaches in the Department of Information and Operations Management, will oversee all international activities for the institute. He will specifically assist in the creation of a long-term strategic plan for internationalizing the institute, which works to enhance knowledge and instruction in all business disciplines.

Flores currently serves as Director of North America Business and Public Policy Studies for Mays’ Center for International Business Studies. His research interests include forecasting, quality and manufacturing practices, operations strategy and knowledge management.

Categories: Departments, Faculty

Mays business students got a good dose of lessons, learned as well as other practical career tips at this year’s Women in Information Technology conference.

Hosted by the Center for the Management of Information Systems, the annual workshop connects undergraduate and graduate students with women executives in the IT arena. This year’s conference, “A Vision for Your Future,” provided numerous opportunities for students to interact with the executives to discuss issues such as workplace ethics, job satisfaction and the economy.

Build a personal network, advised Andrea Jacaman ’88 during the interactive panel. For Jacaman, retail customer systems program director at TXU, networking was really a mystery in her early career. But today, she admits that without her personal network, she would have never had the opportunity to join TXU.

“You are building relationships right now, so make the most of them,” Jacaman told the students. “Eventually, you will come to truly understand, like I did, how you can really build and be part of a network of people. A network is something that you can gain a great deal from, but you should also give something back.”

This year’s conference was sponsored by BMC Software, ConocoPhillips, JCPenney, FedEx, Dell and TXU.

Categories: Centers, Departments, Former Students, Students

The Management Accounting Section of the American Accounting Association recently honored Accounting Professor and Philip Ljungdahl Chair Konduru Sivaramakrishnan. He was honored with a Best Paper Award for his research published in the Journal of Management Accounting Research.

Sivaramakrishnan co-authored the paper, “A Critical Overview of Full-Cost Data for Planning and Pricing,” with Ramji Balakrishnan, Ernst and Young Professor of Accounting at the University of Iowa. The paper, published in the 2002 issue of the journal, discusses the accuracy of various methods companies use to determine a product’s price.

Categories: Departments, Faculty

A testament to the work ethic and quality of Mays faculty, Lamar Savings Professor of Finance Arvind Mahajan received the 2003 Bush Excellence in International Teaching Faculty Award.

Last year, the George Bush Presidential Library Foundation established awards in teaching and research to recognize exemplary contributions to students’ international education. Management Professor Lorraine Eden received the 2002 Research Award. Recipients receive a $2,500 gift.

Mahajan, who specializes in international and corporate finance, has taught for 24 years, serving at Mays for 22 of those years. He says the effects of globalization demand that future decision-makers understand other cultures, as well as the interaction between the domestic and foreign markets in which businesses operate.

“The opportunity to positively impact another person’s development and future makes teaching a profoundly serious, but incredibly exhilarating, activity,” says Mahajan, who has also received the Association of Former Students’ Distinguished Teaching Award during his tenure at Mays.

Categories: Departments, Faculty

Mays alumna Bonnie Miller ’02 was selected to participate in the Financial Accounting Standards Board (FASB) Postgraduate Technical Assistant internship program for 2003-2004. Miller, who graduated in December after completing the Professional Program, is the ninth consecutive Mays nominee to be selected for an internship. FASB accepts up to two nominations each year from 40 business programs throughout the nation and selects six nominees for internships. Accounting Department Head Jim Benjamin estimates that since 1990, Mays has had more interns than any other business school.During the one-year program, Miller will gain experience with the accounting standards-setting process and develop a thorough understanding of the various positions in the accounting field. Since graduation, she has been working in Dallas for PricewaterhouseCoopers in the audit practice. Miller will take a leave of absence beginning in July to complete the internship in Norwalk, Conn.

Categories: Departments, Faculty, Former Students, Programs

Charles Dhanaraj, assistant professor of management at Indiana University’s Kelley School of Business, will visit Mays in late March to collaborate with Management Professor Lorraine Eden. They are researching the legitimacy and survival of foreign subsidiaries, along with Stewart Miller, assistant professor of management at the University of Texas’ McCombs School of Business. Dhanaraj was awarded the 2001 Barry Richman Dissertation Award at the Academy of International Business for his Ph.D. dissertation, “Legitimacy and Stability of Japanese Overseas Subsidiaries.”

Categories: Departments, Faculty

Corporate ethics is a hot topic these days. But, at Houston-based Newfield Exploration the issue isn’t a new one. Newfield CEO and President David Trice recently discussed the company’s approach to ethics with first-year Mays MBA students. Trice also addressed the core values inherent in the company, says first-year MBA student Lisa Buckley. “You can never have too many reminders about the importance of ethics,” she says. In fact, Newfield’s core values are closely tied to the Aggie code of honor, as Joe Foster ’56 founded the company, which employs many A&M graduates. Buckley and several other first-year MBAs had the opportunity to interact with Trice and Steven Campbell, head of investor relations, during a luncheon. Not being a native-Texan, Buckley says she came to Mays to become part of the Aggie Network. She didn’t expect it so soon. “After my conversing with Steven during lunch, he has already helped me set up three interviews for possible summer internships,” she says. “The Aggie Network is real.”

Categories: Departments, Executive Speakers, Programs, Students

With state funding even more of a challenge for Texas’ institutions today, external support is critical to helping Mays achieve its goals. PricewaterhouseCoopers recently committed to establishing an Accounting Excellence Fund. Accounting Department Head Jim Benjamin says this $300,000 award will support research and curriculum development activities focused on assurance services, taxation, financial reporting and accounting systems.Benjamin credits Kevin Roach, Texas A&M liaison partner in Dallas, as well as Bill Atkinson ’82 and Ed Machir, Dallas partner and PWC Foundation Board member, for their commitment to Mays’ accounting program. Greg Garrison, national partner in charge of assurance services, will make a brief presentation of the gift at Mays in late March.

Categories: Departments, Faculty

For the third consecutive year, the Mays MBA Program has been ranked among the 100 best in the world by the London Financial Times, the pre-eminent worldwide business publication. This ranking places Mays MBA program in the top 5 percent of the approximately 2,000 MBA programs worldwide. The Mays program ranks 69th overall, up 13 places from last year. Of the 100 ranked schools, 56 are located in the United States. U.S. programs typically dominate the top 10, such as the Wharton School at the University of Pennsylvania, Harvard Business School and Stanford University. “Our increase in rankings reflects the quality of our students and faculty,” says Dean Jerry Strawser. “This ranking places us solidly among the top 20 public business schools and continues to indicate the high value of a Mays MBA, as we were ranked second among all U.S. schools in ‘value for the money’ behind only Brigham Young University.”The Financial Times evaluation, in its fifth year, conducts two surveys, one of institutions offering graduate business degrees and the other of students who graduated from the respective schools’ programs three years ago. The surveys are designed to gauge career progression as accrued from the MBA, including salary, salary increments and international mobility. It also includes institutional diversity, including number of women and international students; and quality of the schools’ research, including number of journal publications by faculty and rating of doctoral graduates for programs that produce them

Categories: Departments, Faculty