Confidence and trust are fundamental to business success, and you need to keep that in mind when you’re selecting an online Masters of Business Administration degree program.
This is why it’s important to go with a university whose MBA program is accredited by the Association to Advance Collegiate Schools of Business (AACSB). AACSB grants accreditation to the top schools around the world for their business and accounting programs at the bachelor’s, master’s and doctoral levels. It is the oldest and most widely recognized accrediting institution — considered the highest specialized or professional accreditation a college or university can earn.
Only a small percentage of MBA programs, including the Baylor online MBA program, are able to earn this “gold standard” of accreditation. A recent count put the number at about 5 percent of the world’s 13,000 business schools.
Benefits of an AACSB-Accredited MBA Program
Students with MBAs from recognized schools can command substantially higher salaries. These additional earnings will certainly add up over the course of your career.
Aside from the weight an MBA from an AACSB-accredited university carries, there are several practical reasons you’ll want to earn your degree through an accredited program. To put it briefly, the AACSB accreditation process gives you assurance that the program you have chosen is well organized, thorough and up to date.
Typically, AACSB programs draw the most qualified students, and this helps students learn more and get a sense of the kinds of professionals they will be working alongside throughout their careers. In the same way, the best professors and researchers work in accredited programs, and this too greatly benefits students.
The AACSB Accreditation Process
The accreditation process starts with a team from AACSB working with the candidate school to develop a plan to meet both AACSB standards and the university’s own strategic goals. Mentors then help the school meet each of those criteria. This continues until the mentors feel the school has met each standard.
At this point, a review team comprised of experienced business school administrators and educators visits the campus. If they are satisfied, they make a final recommendation for approval to an accreditation committee and the AACSB Board of Directors. Often, additional development will be necessary, and the mentors and school will have more work to do.
When everyone finally agrees that the standards have been met, the college or university receives AACSB accreditation for its business program. It’s important to note that this accreditation comes under review every five years by the AACSB.
Research your choice of an online MBA program thoroughly, and be sure to look for AACSB accreditation. After completing the program you’ll be a more capable business professional with greater earning prospects.
Learn more about the Baylor online MBA program.
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