April 17, 2013
Memorial's Faculty of Business Administration has retained its international accreditation by AACSB, holding its place among the top business schools in the world.
The Association to Advance Collegiate Schools of Business (AACSB) International announced the successful accreditation renewal of 68 business schools world-wide at its annual meeting in Chicago, IL earlier this month. The Faculty of Business Administration was initially accredited in 2002 – the first in Atlantic Canada to receive this prestigious designation – and is still one of only 19 accredited business schools in Canada.
AACSB is the longest serving global accrediting body for business schools, providing a professional standard that recognizes a high-quality teaching environment, a commitment to continuous improvement, and curricula that is responsive to the needs of businesses. Currently, 672 business schools in 44 countries maintain AACSB accreditation.
"The successful renewal of our accreditation by AACSB is confirmation of our continuing commitment to the quality of our programs as well as to our students, the business community of Newfoundland and Labrador, and Memorial University," says Dr. Wilfred Zerbe, dean of the Faculty of Business Administration.
"The accreditation process is rigorous, requiring in-depth internal review of our programs and strategic planning to bring us to the forefront of business schools in this country. To have successfully maintained our accreditation demonstrates our commitment to ensuring that business students at Memorial University receive a top quality education that stands against the best business schools in the world."
"It takes a great deal of commitment and determination to earn and maintain AACSB Accreditation," says Mr. 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."