TAMPA, FL, USA (August 2, 2010)—AACSB International
announced today that three institutions, Central Washington University, Ewha Womans University, and
University of Zurich have earned initial accreditation in business. Founded in 1916, AACSB International (AACSB) is the longest serving global accrediting body for
business schools that offer undergraduate, master’s, and doctoral degrees in business and accounting.
By achieving initial accreditation in business, Central Washington University (USA),
Ewha Womans University (South Korea),
and University of Zurich (Switzerland) have
become part of an elite group that
makes up less than 5 percent of the world's business schools to have earned
business accreditation. The
newest accreditations raise the total number of institutions
that maintain specialized AACSB accreditation
in business to 596 schools across 37 countries. Similarly, 173 institutions maintain an additional specialized
AACSB accreditation for their accounting programs.
“Congratulations to Central Washington University, Ewha Womans University, and University
of Zurich on earning initial accreditation,” said John J. Fernandes, president and chief executive officer of AACSB
International. “We commend the faculty, deans, directors, and administrative staffs of each institution for
their exemplary work in helping their schools earn the highest honor in business school accreditation.”
Achieving accreditation
is a process of rigorous internal review, evaluation, and adjustment and can take several years to complete.
During these years, the school develops and implements a plan to meet the 21 AACSB standards
requiring a high quality teaching environment, a commitment to continuous improvement, and curricula responsive to the needs of business.
“It takes a great deal of commitment and determination to earn and maintain AACSB accreditation,” said Jerry Trapnell, executive vice
president and chief accreditation officer of AACSB International. “Schools not only must meet specific standards of excellence, but their
deans, faculties and staffs make a commitment to ongoing improvement to ensure that the institution will continue to deliver high quality
education to students.”
About AACSB International
AACSB International (The Association to Advance Collegiate Schools of Business), founded in 1916, is a
membership association of almost 1,200 educational institutions, businesses and other organizations in 74 countries and territories.
AACSB’s mission is to advance quality management education worldwide through accreditation and thought leadership.
AACSB accreditation is the mark of quality distinction most widely sought after by business schools—less than 5%
worldwide have earned the achievement. As the leading membership and accrediting body for institutions offering undergraduate, master’s
and doctorate degrees in business and accounting, the association also conducts a wide array of conferences and seminar
programs at locations throughout the world. AACSB’s global headquarters is located in Tampa, Florida, USA, and its Asia
headquarters is located in Singapore.
For more information, please visit www.aacsb.edu.
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