Association to Advance Collegiate Schools of Business

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Association to Advance Collegiate Schools of Business
Typenon-governmental organization
Purposeeducational accreditation
HeadquartersTampa, Florida, U.S.
Amsterdam, Netherlands
approximately 900 institutions[1]: 2 
President and CEO
Lily Bi
Alexander Triantis
Formerly called
  • American Assembly of Collegiate Schools of Business
  • International Association for Management Education
  • American Association of Collegiate Schools of Business[1]: 2 

The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded as the American Assembly of Collegiate Schools of Business in 1916 to provide accreditation to schools of business,[1]: 2  and was later known as the American Association of Collegiate Schools of Business and as the International Association for Management Education.

Not all members of the association are accredited;[2]: 92  it does not accredit for-profit schools.[3] In 2019 it obtained ISO 9001 certification.[4]

It is one of the three component organizations of triple accreditation of business schools.[5]


Scope of business school accreditation for AACSB, EQUIS and AMBA

The American Assembly of Collegiate Schools of Business was founded as an accrediting body in 1916 by a group of seventeen American universities and colleges.[1]: 2 [6][a] The first accreditations took place in 1919.[1]: 2  For many years, the association accredited only American business schools, but in the latter part of the twentieth century adopted a more international approach to business education.[2] The first school it accredited outside the United States was the University of Alberta in 1968,[7] and the first outside North America was the French business school ESSEC, in 1997.[8][9] The present name of the association was adopted in 2001.[1]: 2 

In January 2015 the Council for Higher Education Accreditation deferred recognition of the association pending satisfaction of its policy requirements,[10] and in July its Committee on Recognition recommended that recognition be denied on the basis that the AACSB had consistently failed to document that it was routinely providing "reliable information to the public on their performance, including student achievement" as CHEA requires.[11] The association withdrew from the council in September 2016.[12][13] In 2019 it received ISO 9001 certification.[citation needed]

Since June 2023, the organization's president and chief executive officer has been Lily Bi, who was previously an executive at the Institute of Internal Auditors.[14]

See also[edit]



  1. ^ a b c d e f James W. Guthrie (editor) (2003). Encyclopedia of Education, volume 1: A-Commerce. New York: MacMillan Reference USA. ISBN 9780028655949.
  2. ^ a b John Thanopoulos, Ivan R. Vernon (1987). International Business Education in the AACSB Schools. Journal of International Business Studies 18 (1): 91–98. (subscription required).
  3. ^ Brian Burnsed (March 15, 2011). "Top M.B.A. Programs Embrace Online Education". U.S. News & World Report. Archived from the original on 30 April 2011. Retrieved March 30, 2011.
  4. ^ "AACSB: 2020 Standards now released". QED. Retrieved 2021-06-01.
  5. ^ "The Triple Accredited Business Schools (AACSB, AMBA, EQUIS)". Retrieved 2021-06-01.
  6. ^ Miles, Morgan P.; Franklin, Geralyn McClure; Grimmer, Martin; Heriot, Kirl C. (2015). "An exploratory study of the perceptions of AACSB International's 2013 Accreditation Standards". Journal of International Education in Business. Emerald Insight. 8: 2–17. doi:10.1108/JIEB-02-2014-0009.
  7. ^ Erin Millar (March 15, 2011). "B-schools work hard to get the stamp of approval". The Globe and Mail.
  8. ^ "History". ESSEC Business School.
  9. ^ "ESSEC Business School". Poets & Quants. October 27, 2016.
  10. ^ "CHEA Board Meeting Minutes - Jan 2015 - Council for Higher Education Accreditation".
  11. ^ "Council For Higher Education Accreditation Recognition Decision Summary: AACSB" (PDF).
  12. ^ Recognition Decision Summary: AACSB International The Association To Advance Collegiate Schools Of Business (AACSB). Council for Higher Education Accreditation, September 2016. Archived 18 October 2016.
  13. ^ "AACSB Pursues ISO Certification". 27 September 2016.
  14. ^ "AACSB International Appoints Lily Bi as President and CEO". AACSB International. 1 June 2023. Retrieved 15 July 2023.
  15. ^ AACSB - Who we are - timeline 1916-1936

Further reading[edit]

  • Andrea Everard, Jennifer Edmonds, Kent Pierre (2013). The Longitudinal Effects of the Mission – Driven Focus on the Credibility of the AACSB. Journal of Management Development 32 (9):995–1003
  • W. Francisco, T.G. Noland, D.Sinclari (2008). AACSB Accreditation: Symbol of Excellence or march toward Mediocrity. Journal of College Teaching & Learning 5 (5):25–30
  • Harold Hamilton (2000). AACSB Accreditation: Are the Benefits worth the Cost for a Small School? A Case Study. Proceedings of the American Society of Business and Behavioral Sciences Track Section of Management February 17–21, 2000, Las Vegas, Nevada: 205–206
  • Anthony Lowrie, Hugh Willmott (2009). Accreditation Sickness in the Consumption of Business Education: The Vacuum in AACSB Standard Setting. Management Learning 40 (4):411–420
  • N. Orwig, R.Z. Finney (2007). Analysis of the Mission Statements of AACSB – Accredited Schools. Competitiveness Review 17 (4):261–273
  • E.J Romero (2008). AACSB Accreditation: Addressing Faculty Concerns. Academy of Management Learning and Education 7 (2):245~255
  • J.A. Yunker (2000). Doing Things the Hard Way – Problems with Mission-Linked AACSB Accreditation Standards and Suggestions for Improvement. Journal of Education for Business 75 (6):348–353