AACSB International (AACSB), the global accrediting body for business schools, announced that the Carlson School of Management at the University of Minnesota has maintained its accreditation in business for an additional five years.
"The Carlson School will now have earned AACSB accreditation for 95 years," said Dean Alison Davis-Blake. "We are proud to carry such a long-term distinction."
The Carlson School became just the 18th institution to receive accreditation from AACSB when it received the designation in 1920, one year after the school's founding. Today, less than 5% of business schools worldwide have earned this hallmark of excellence in management education.
To maintain accreditation, a business program must undergo a rigorous internal review every five years in which it must demonstrate its continued commitment to 21 quality standards relating to faculty qualifications, strategic management of resources, interactions of faculty and students, as well as a commitment to continuous improvement and achievement of learning goals in degree programs.
AACSB International (The Association to Advance Collegiate Schools of Business) was founded in 1916 and currently has nearly 1,200 members including educational institutions, businesses and other organizations in 74 countries and territories.