The international Association to Advance Collegiate Schools of Business (AACSB) has announced its renewal of The University of Sydney’s Business School accreditation for another five years.
Being the longest serving global accrediting body for business schools, an AACSB accreditation is an achievement earned by less than five percent (719 schools) of the world’s top business programs. The University of Sydney can also claim to be one of the only 182 schools to receive endorsement for both its business and accounting programs.
Qualifying for an accreditation is no easy feat, often taking multiple years to complete. Schools must pass through rigorous internal reviews, evaluations and importantly, developing and implementing plans to align with the AACSB’s Accreditation standards.
In addition, business schools must go through a continuos peer reviewing process every five years to maintain their AACSB accreditation.
“This renewal of our AACSB accreditation is a clear recognition of our standing amongst the world’s most elite business schools, ” said University of Sydney Business School Director, Associate Professor Mark Freeman.
“Importantly, ours is the only Australian Business School with AACSB accreditation for both business and accounting.”
Executive Vice President of AACSB, Robert D. Reid, spoke on behalf of the organisation also congratulating all schools that made the list, “AACSB commends each institution for their exemplary work in holding the highest honour in business school accreditation,”
“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”, he added.