Association to Advance Collegiate Schools of Business
Vision: To transform business education for global prosperity.
Mission: International is to foster engagement, accelerate innovation, and amplify impact in business education
AACSB is world’s oldest business accreditation organization set up in 1916. AACSB provides quality assurance, business education intelligence and professional development services to more than 1,700 member organizations and over 850 accredited business schools worldwide.
The total number of AACSB accredited schools are 862 institutions, across 56 countries or territories. In India there are 14 accredited schools and 65 members including the accredited schools.
Three new schools Join AACSB Accredited Schools list
AACSB International has just announced three more schools having joined their list of accredited member schools in India. These are ICFAI Business School, Hyderabad, Indian Institute of Management Lucknow (IIM L ) and SCMHRD Pune belonging to Symbiosis International University.
SEAA Trust, New Delhi is pleased to greet these new accredited schools on their milestone and also acknowledge that our campaign for 100 accredited business schools by 2020 is coming closer to fruition.
Indian Accredited Schools
Currently a massive exercise is underway to bring in new revised standards reducing the number to 9 under three categories Strategic Management, Learners Success and Thought Leadership under the AACSB 2020 standards.
An AACSB International member institution offering undergraduate and/or graduate degrees in business may voluntarily apply for AACSB Business Accreditation. The AACSB Accreditation Process includes rigorous self-evaluation and peer-review elements. The process begins with the submission and approval of an Eligibility Application. Once a school’s Eligibility Application has been approved, it will enter the Initial Accreditation phase. If a school is able to meet all of AACSB’s Accreditation Standards and completes the requirements, it will be recommended for Accreditation. All AACSB-accredited institutions must enter the Continuous Improvement Review process every five years.
AACSB member schools in India : 65
Those marked in colour are the Accredited member schools of AACSB
Standard 1: Mission, Impact, Innovation
Standard 2: Intellectual Contributions, Impact, and Alignment with mission
Standard 3: Financial Strategies and Allocation of Resources
Participants – Students, Faculty, and Professional Staff
Standard 4: Student Admissions, Progression, and Career Development
Standard 5: Faculty Sufficiency and Deployment
Standard 6: Faculty Management and Support
Standard 7: Professional Staff Sufficiency and Deployment
Learning and Teaching
Standard 8: Curricula Management and Assurance of Learning
Standard 9: Curriculum Content
Standard 10: Student-Faculty Interactions
Standard 11: Degree Program Educational Level, Structure, and Equivalence
Standard 12: Teaching Effectiveness
Academic and Professional Engagement
Standard 13: Student Academic and Professional Engagement
Standard 14: Executive Education
Standard 15: Faculty Qualifications and Engagement
Contact SEAA Facilitation Services Team for help relating to Accreditation process, Mission workshops for faculty, Peregrine online student learning outcome assessment service for assurance of learning (AoL) & Bloomberg B-school connections service
From our 2012 conference at Bangalore
AACSB proposes new standards for 2020
AACSB as the oldest and longest serving global accreditation agency strives to continuously improve engagement among business, faculty, institutions, and learners, so that business education is aligned with business practice. The agency revealed a draft approach paper at its just concluded annual Accreditation Conference. The new standards would reduce the total number of current standards introduced in 2013 numbering 15 to 9.
The new standards are divided into three strategic goals "Strategic Management (3 standards) Learners success (four standards) and Thought Leadership (2 standards) as opposed to the current four categories Strategic Management, Participants, Teaching and Learning and Academic and Professional Engagement.
The new standards in fact reorder and merge a few of the standards and creating some wholly new standards, The accredited or member school faculty are being asked to submit their comments on the draft proposals that would come to effect as option from 2020 submission and completely adopted by 2023.