The Association to Advance Collegiate Schools of Business International (AACSB) has just announced that it is maintaining its accreditation of Siena College’s School of Business for the next five years.
Of the more than 16,000 schools worldwide granting degrees in business, fewer than five percent have earned AACSB accreditation.
AACSB accreditation represents the highest standard of excellence in business education worldwide, according to Charles F. Seifert, Ph.D., dean of the School of Business.
“This is the best possible outcome of the review process and wonderful news for Siena College,” said Dean Seifert. “The reaccreditation is a testament to the dedication and professionalism of our faculty, staff and students. Companies actively seek out graduates from AACSB-accredited business schools like ours when they are looking for employees with a strong understanding of business skills and concepts, a firm grounding in ethics, and the ability to communicate effectively.”
AACSB reaccreditation occurs every five years and involves an in-depth self-study report culminating with a peer review team campus visit. Siena’s performance was measured against 13 guiding AACSB principles and standards. Siena initially received accreditation in 2007; it was renewed in 2013 and again in 2017.
Seifert said specific areas of accommodation for best practices included the variety of majors and certificates and innovative options responsive to market demands; the School’s impact policy; the depth and breadth of participation in the development of the School’s strategic plan; and its advanced certificate options.
AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master’s and doctoral degrees in business.