Mays Business School recently completed the accreditation maintenance process with AACSB International (The Association to Advance Collegiate Schools of Business), the premier accrediting agency and service organization for undergraduate and graduate business administration and accounting programs. After completing this review Mays and the Department of Accounting have been granted another five years of accreditation.
Mays received initial accreditation in 1972 and the accounting department followed in 1982. This prestigious endorsement puts the school in an elite group that makes up less than 10 percent of the world’s business schools that have achieved business and/or accounting accreditation from AACSB International.
To achieve accreditation, business programs must satisfy the expectations of a wide range of quality standards relating to strategic management of resources, interactions of faculty and students in the educational process, and achievement of learning goals in degree programs. These standards are mission-linked. During the accreditation process, Mays was visited and evaluated by business school deans with detailed knowledge of management education, applying accreditation standards that are widely accepted in the educational community.
As required by AACSB standards, all accredited schools must go through a peer review every five years in order to maintain their accreditation. AACSB International accreditation assures stakeholders that business schools:
- Manage resources to achieve a vibrant and relevant mission.
- Advance business and management knowledge through faculty scholarship.
- Provide high-caliber teaching of quality and current curricula.
- Cultivate meaningful interaction between students and a qualified faculty.
- Produce graduates who have achieved specified learning goals.
Accreditation is a process of voluntary, non-governmental review of educational institutions and programs. Institutional accreditation reviews entire colleges and universities.
AACSB International accreditation represents the highest standard of achievement for business schools, worldwide. Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review. AACSB International accreditation is the hallmark of excellence in management education.