The Association to Advance Collegiate Schools of Business (AACSB International) extended its accreditation to the SUNY New Paltz School of Business. The initial accreditation was given in 2013, but this reaccreditation represents the distinguished position of the school in modernizing business programs to change with the ever-shifting requirements and roles of young professionals.
“AACSB provides internationally recognized, specialized accreditation for business and accounting programs at the bachelor’s, masters, and doctoral level,” the AACSB website said. “The AACSB Accreditation Standards challenge post-secondary educators to pursue excellence and continuous improvement throughout their business programs.”
The website also elaborates on the notoriety of the accreditation.
“AACSB Accreditation is known, worldwide, as the longest standing, most recognized form of specialized/professional accreditation an institution and its business programs can earn.”
Less than five percent of the world’s university and college programs in business have met the standards required to earn and maintain AACSB accreditation.
AACSB-accredited schools consistently produce apt leaders in the business world, across a variety of industries. A 2016 Financial Times report found that 96 percent of executives from the world’s 500 largest companies attended AACSB-accredited schools.
“Earning re-accreditation from AACSB demonstrates the excellence of our programs, faculty and students,” said Kristin Backhaus, dean of the School of Business in a Jan. 25 SUNY New Paltz news release. “The AACSB seal lets prospective students and employers know that the School of Business delivers a high quality education that meets the highest standards in the field.”
The re-accreditation process is rigorous, and takes place over years. The AACSB must observe the dedication of a school in modernizing and molding its programs in an ever-shifting business landscape.
Among the recent re-accreditation, the SUNY New Paltz School of Business has also introduced new programs such as the undergraduate Business Analytics program, as well as a new online MBA. The department has also recently announced the return of the Volunteer Income Tax Assistance (VITA) program. VITA provides free tax help to individuals with a gross income below $54,000, according to a news release on Jan. 29.
For more information about the AASCB accreditation, visit www.aacsb.edu.