AACSB Accreditation is the hallmark of excellence in business education, and has been earned by less than five percent of the world’s business schools. Today, there are more than 687 business schools in 45 countries and territories that have earned AACSB Accreditation.
Griffith was only the fifth university in Australia when first awarded the accreditation in 2009. Today, there are more than 687 business schools in 45 countries and territories that have earned AACSB accreditation.
Griffith University Pro Vice Chancellor (Business) Professor Michael Powell said the announcement represented international acknowledgment of the first class business education on offer to students at Griffith.
“AACSB International accreditation is globally recognised as one of the highest achievements for an educational institution that awards business degrees,” Professor Powell said.
“It sets rigorous standards for business educators and the accreditation assessment process requires each business school to demonstrate excellence in every facet.”
AACSB International chief accreditation officer Robert Reid said: “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.”
Achieving accreditation is a process of rigorous internal review, evaluation, and adjustment and can take several years to complete. During these years, the school develops and implements a plan to meet AACSB’s Accreditation standards, which require a high quality teaching environment, innovative programming, and active engagement with industry.
In addition, as required by the AACSB Standards, all accredited schools must go through a continuous improvement peer review process every five years in order to retain their accreditation.