It confers credibility and may enhance the reputation of the department or school through which an MBA program is offered.
It is one factor that prospective applicants should consider when researching MBA programs. It may also be a factor that certain employers take into account. There is nothing mutually exclusive about the accreditations offered by the three organizations: while each has its own philosophy and methodology for accrediting MBA programs, there is general agreement on what constitutes core training for students in an MBA program. The International Accreditation Council for Business Education does accredit colleges and universities that offer associate degrees in business.
Now, to attempt to decipher this information:. In a nutshell, one accreditation body was born, then one thought the other was too rigorous and yet then another one was born, and then, again. The overwhelming focus of this organization is accrediting programs with a research focus. They also have a goal of quantity. Here are some facts about ACSBP accredited programs: — They offer accreditation to associates, bachelors, masters, doctoral. Here are some facts about graduates of AACSB accredited business programs: — They tend to go on to earn additional credentials in their field.
Here is why: — Accreditation means the institution has submitted to oversight by a governing body in terms of the value it offers to its students both internally and as compared to other competing institutions. Those standards include educational quality, financial security, student services, and much more. In the US, the highest form of accreditation for a full college or university is regional accreditation.
Yes, the name is somewhat misleading, because regional accreditation is recognized nationally. There are seven regions in the US, all of which are part of the national Council of Regional Accrediting Commissions, which is recognized by the US Department of Education as the standard in accreditation.
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