Accreditation Council for Business Schools and Programs
|Accreditation Council for Business Schools and Programs|
The Accreditation Council for Business Schools and Programs (ACBSP), formerly the Association of Collegiate Business Schools and Programs, is a U.S. organization offering accreditation services to business programs focused on teaching and learning.
ACBSP was founded in 1988 to accredit business schools with an emphasis on teaching and learning. At the time, only 260 out of 2,400 schools of business were accredited, all by the Association to Advance Collegiate Schools of Business (AACSB). Most or all of the AACSB accredited schools had an emphasis on research, while most other schools had an emphasis on teaching. On April 28, 1988, 150 of the non-accredited schools met in Kansas City, Missouri, to consider alternatives to AACSB accreditation for teaching-oriented schools.
On May 12, 1989, a study group completed a feasibility study and submitted recommendations for standard for accreditation by the ACBSP. In August 1992, ACBSP was recognized by the U.S. Department of Education as a specialized accreditation agency for business education. In June 1994, a U.S. Department of Education Advisory Committee recommended withdrawal of recognition for the ACBSP due to a determination that ACBSP accreditation would not be a "required element" in making an institution eligible to participate in U.S. federal government programs under the Higher Education Act or other authorities. However, at its meeting on January 22, 2001, the Council for Higher Education Accreditation (CHEA) Board of Directors granted recognition to the ACBSP.  On September 19, 2011 The CHEA renewed its recognition of the ACBSP for a further 10 years. 
In June 2010, the ACBSP changed its name from Association of Collegiate Business Schools and Programs to Accreditation Council for Business Schools and Programs.
As of August 2010, ACBSP reporting having over 8,000 individual members and 828 member educational institutions, of which 529 had ACBSP accreditation and 220 had candidacy status. All but 134 member institutions are in the United States.
 Honor Societies
Through an agreement made in January 1992 between Delta Mu Delta and ACBSP, establishment of Delta Mu Delta chapters is now exclusively at colleges and universities with business programs which are accredited by ACBSP at the baccalaureate/graduate levels. Delta Mu Delta is an international honor society established in 1913 to recognize students in accredited business schools for their high academic achievement in baccalaureate, masters and doctorate programs. The ACBSP also recognizes the Kappa Beta Delta business honor society and the Sigma Beta Delta business honor society.
 Employer recognition
In 2006, Intel announced that it would no longer provide tuition reimbursement for employees to attend business schools with accreditation from ACBSP, but not also AACSB. At the same time the company imposed a similar restriction on reimbursements for engineering programs. The company explained that the policy change was intended to make the program more cost-effective to the company, noting that employees had been receiving reimbursement for programs "that were not of the highest value to the company" or left Intel after finishing programs that did not advance their careers there.
- About ACBSP, ACBSP website, accessed October 27, 2010
- National Advisory Committee on Institutional Quality and Integrity, Notice of public meeting, Federal Register, October 13, 1995 (Volume 60, Number 198), Page 53345-53347
- CHEA Directory
- CHEA Recognition Summary
- Gilbertson, Dawn (December 5, 2006). "Intel cuts tuition aid for University of Phoenix classes". The Arizona Republic.
- Stu Woo, Intel Cuts 100 Colleges From Its Tuition-Reimbursement Program for Employees, The Chronicle of Higher Education, February 2, 2007.
- Dillon, Sam (February 11, 2007). "Troubles Grow for a University Built on Profits". The New York Times, February 11, 2007.