DePaul University’s business college and accountancy school have both earned five-year renewals of accreditation from AACSB International—The Association to Advance Collegiate Schools of Business (AACSB).
AACSB accreditation is granted to programs that maintain the highest standards of quality in teaching, research and student achievement. It is a distinction held by only five percent of business schools worldwide. AACSB-accredited business schools are reassessed every five years.
“AACSB accreditation is a hallmark of excellence,” says Ray Whittington, dean of the Driehaus College of Business and Kellstadt Graduate School of Business. “It indicates to students that we provide an engaging, high-quality business education and tells employers that we produce graduates who possess the knowledge and skills to succeed.”
AACSB standards emphasize three pillars of excellence—innovation, impact and engagement, explains John Ahern, interim director of the School of Accountancy and Management Information Systems. “Accreditation ensures that students are learning material most relevant to their field of study, preparing them to be effective leaders upon graduation.”
In the fall, DePaul’s business and accountancy program leaders submitted comprehensive applications for re-accreditation that documented how they are meeting AACSB’s standards for curricula management and assurance of learning; teaching effectiveness; student academic and professional engagement; mission fulfillment and nearly a dozen other requirements.
Then, an AACSB Peer Assessment Team conducted a rigorous on-campus review of the programs, which culminated in their recommendation that accreditation be extended for the business college and accountancy school. Two AACSB committees approved the recommendation and the AACSB Board of Directors ratified it this month.
“It takes a great deal of commitment and determination to earn and maintain AACSB accreditation,” says Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. “Business schools must not only meet specific standards of excellence, but their deans, faculty, and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students.”