The UT College of Business and Innovation has received a five-year extension of its business accreditation from the Association to Advance Collegiate Schools of Business (AACSB), an elite distinction achieved by less than 5 percent of all the business schools in the world.
The accreditation, which is voluntary, follows an on-site evaluation in March by administrators of other AACSB-accredited institutions. The accreditation recognizes the college’s bachelor of business administration, bachelor of science in information technology, master of business administration/executive MBA, master of science in accounting and PhD degree programs.
Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master’s and doctoral degrees in business and accounting. It is an association of educational institutions, businesses and other organizations devoted to the advancement of higher education in management education, and is the premier accrediting agency of collegiate business schools and accounting programs worldwide.
“It takes a great deal of commitment and determination to earn and maintain AACSB accreditation,” said Robert Reid, executive vice president and chief accreditation officer of AACSB International. “Business schools must not only meet specific standards of excellence, but their deans, faculty and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students.”
“UT and the College of Business and Innovation are very excited at this continuing recognition by the AACSB,” noted Dr. Gary S. Insch, dean of the college. “This validates the high quality of our faculty and students, as well as the significance of our curriculum at all levels.
“This is also great news following the fantastic news we received this spring, namely, that the College of Business and Innovation received — in its first attempt — an Accounting Department accreditation from the AACSB. This is a voluntary accreditation obtained by only 1.3 percent (182 institutions) of accounting programs in the 13,670 business schools around the world.
“Our inclusion in this select group is a seal of quality for our degree programs,” Insch said. “It elevates the value of degrees received, leads to increased enrollment of high quality students, and enhances the qualifications of alumni.”