The University of Newcastle’s Business School (NBS) has received international acclaim for its programs through accreditation from USA-based Association to Advance Collegiate Schools of Business (AACSB).
AACSB Accreditation is the hallmark of excellence in business education, and has been earned by fewer than five per cent of the world’s business programs. The accreditation places NBS in the leading institutions internationally.
Professor Richard Dunford, Pro Vice Chancellor of the Faculty of Business and Law, said the accreditation is an exciting step in ensuring international recognition for the University of Newcastle’s (UON) programs.
“Accreditation reflects not just the quality of our business programs but also the determination and commitment of our academic and professional staff.
“We are proud to be joining the very select group of international universities that have achieved the accreditation,” Professor Dunford said.
The accreditation will provide exciting opportunities for UON, including advanced employment prospects for graduates, as well as new partnerships with other internationally acclaimed universities.
Professor Dunford said the advantages go well beyond giving students, staff and our regional communities assurance that UON’s teaching and curricula meet high international standards.
“Accreditation opens doors. Most of the world’s top business schools restrict their relationships to those with AACSB accreditation. Even if they don’t know much about a particular business school or university, they know the quality required to achieve AACSB accreditation.”
AACSB is the premier, and longest-standing, international accrediting body for business programs and is the international benchmark for excellence in business education.
Robert D. Reid, Executive Vice President and Chief Accreditation Officer of AACSB, congratulated UON on its achievement.
“It takes a great deal of commitment and determination to earn AACSB accreditation and I commend The University of Newcastle for its dedication to management education, as well as its leadership in the community,” he said.
The accreditation will build on NBS’ success in the Federal Government’s 2015 Excellence in Research Australia (ERA) results, which concluded that the school was above world standard in management and marketing.
“AACSB accreditation coupled with our ERA results can give the people of the Hunter and Central Coast, our Sydney and Singapore students and our various international partners even greater confidence that the University of Newcastle delivers business programs and business research of a world-class standard,” Professor Dunford said.