The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was formerly known as the American Association of Collegiate Schools of Business. It was founded in 1916 to accredit schools of business. It is membership organization; not all its member institutions are accredited. It was regarded as the benchmark for business school quality among the academic community, but is now an unrecognized accreditor due to losing its recognition from the Council for Higher Education Accreditation and from the United States Department of Education.
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History
The American Association of Collegiate Schools of Business was founded in 1916 by a group of seventeen American universities and colleges. The first accreditations took place in 1919. For many years, only North American business schools were accredited by AACSB. It was an early supporter of internationalizing business education.
On July 1, 2013, Robert S. Sullivan, Dean of Rady School of Management, was named the chair of the AACSB.
AACSB struggled with its Council for Higher Education Accreditation recognition in 2016. At a board meeting on January 26, 2015, CHEA deferred recognition of AACSB pending satisfaction of its policy requirements for recognition. AACSB withdrew from CHEA recognition on September 23, 2016.
Source of the article : Wikipedia
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