TAMPA, Fla., Dec. 1, 2016 /PRNewswire-USNewswire/ -- AACSB International (AACSB) announced today that the Brunel Business School at Brunel University London ( United Kingdom), Drake University( United States), Governors State University( United States), and Lagos Business School ( Nigeria) have earned accreditation in business.
Founded in 1916, AACSB is the longest-serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting. Through today's ratification, a total of 779 institutions across 53 countries and territories—a growth of one country, Nigeria—have earned AACSB Accreditation in business. Similarly, 185 institutions maintain an additional specialized AACSB Accreditation for their accounting programs. "AACSB's accreditation standards are designed to help schools discover—and deliver on—their differentiated mission, so they can foster meaningful change through engagement, innovation, and impact," said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. "We commend each of the four schools for their exemplary work, and are pleased that students in Nigeria can now pursue an AACSB-accredited business degree for the first time in their home country." Achieving accreditation is a process of rigorous internal review, engagement with an AACSB assigned mentor, and peer review. During the multi-year process, the school focuses on developing and implementing a plan to align with AACSB's accreditation standards. These standards require excellence in areas relating to strategic management and innovation; student, faculty, and staff as active participants; learning and teaching; and academic and professional engagement. "AACSB accreditation is a globally recognized standard for the highest quality in business education," continued Reid. "Across this multi-year review process, schools must not only meet the initial standards of excellence, but they must demonstrate their ongoing commitment to quality and distinction by participating a continuous improvement review process every five years."