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Press Release Details

Skip Navigation LinksEffat University > Effat University > Media Center > Press Release Details

    Confirming Global Quality and Distinction in Business Education

    16 November 2021
    Media Center
    AACSB announces 16 schools have achieved initial business accreditation and three have extended their accreditation in business.

    ​Tampa, Fla., USA (November 16, 2021)

    AACSB International (AACSB) announces today that 16 business schools have achieved initial business accreditation and three have extended their accreditation in business.

    For more than a century, AACSB accreditation has been synonymous with the highest standards in business education. Through today’s ratification, a total of 926 institutions across 60 countries and territories have earned AACSB accreditation in business. Furthermore, 188 institutions maintain supplemental AACSB accreditation for their accounting programs.

    “AACSB congratulates each institution on their achievement,” said Stephanie M. Bryant, executive vice president and chief accreditation officer of AACSB. “Every AACSB-accredited school has demonstrated a focus on excellence in all areas, including teaching, research, curricula development, and student learning. The intense peer-review process exemplifies their commitment to quality business education.”

    Achieving accreditation is a process of rigorous internal focus, engagement with an AACSB-assigned mentor, and peer-reviewed evaluation. During this multiyear path, schools focus 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.

    As ratified by the AACSB International board of directors, the following schools have extended or achieved their accreditation in business:

    Schools Achieving Initial Business Accreditation:

    • Angelo State University
    • Cheung Kong Graduate School of Business
    • College of Management and Technology – Alexandria Branch, Arab Academy for Science, Technology and Maritime Transport
    • Effat College of Business, Effat University
    • Hunan University Business School
    • Indian Institute of Foreign Trade
    • Institut Teknologi Bandung
    • Karlstad University
    • Management Development Institute, Gurgaon
    • Pontifícia Universidade Católica do Paraná - Business School
    • St. Petersburg University
    • Stony Brook University
    • Universidad Católica del Uruguay (UCU)
    • Université Catholique de Lyon
    • University of Economics in Bratislava
    • Western Sydney University
    • Schools Extending Their Business Accreditation:
    • Auckland University of Technology
    • Shanghai Jiao Tong University
    • XLRI Jamshedpur

    About AACSB International

    Established in 1916, AACSB is the world’s largest business education alliance, connecting educators, learners, and business to create the next generation of great leaders. With a presence in more than 100 countries and territories, AACSB fosters engagement, accelerates innovation, and amplifies impact in business education. Learn how AACSB is transforming business education for a better society at aacsb.edu.

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