The Association to Advance Collegiate Schools of Business (AACSB) has officially extended accreditation to the University of Oregon’s Lundquist College of Business in both business and accounting. The dual AACSB accreditation has been renewed following the recent five-year review, placing the University of Oregon in the elite 1.2 percent of the world's business schools that have attained such distinction.
Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting. AACSB accreditation is the hallmark of excellence in business education and has been earned by less than five percent of the world's business programs. Accreditation is reviewed once every five years.
“The re-accreditation process always provides a wonderful opportunity for business schools to learn from each other and share challenges and successes. This year’s virtual visit from a peer review team of dean’s at other top business schools was no exception. Though the past year has tested us all, the accreditation process provided an opportunity to highlight and celebrate our many faculty accomplishments and student achievements,” said Sarah E. Nutter, Edward Maletis Dean of the Lundquist College. “It’s a wonderful validation of our strategic focus on exceptional student experiences, rigorous research, and career readiness.”
In total, 890 institutions in 58 countries and territories that have earned AACSB accreditation. Additionally, 189 institutions hold a supplemental, specialized AACSB accreditation for their accounting programs. According to AACSB, only about 6 percent of the world’s 16,000 business schools have earned AACSB accreditation. The organization also notes that 90 percent of ranked business schools are AACSB accredited, and 97 percent of CEOs with business degrees on the Fortune 500 list attended an AACSB-accredited school.
“Every AACSB-accredited school has demonstrated a focus on excellence in all areas, including teaching, research, curricula development, and student learning,” said Stephanie M. Bryant, executive vice president and chief accreditation officer of AACSB. “The intense peer-review process exemplifies their commitment to quality business education.”
Founded in 1914, the Lundquist College first attained business accreditation in 1923, and its accounting program was first accredited in 1989. Rated 28th best public business school by U.S. News and World Report and a top three MBA for sustainable business by The Princeton Review, the college pursues a unique mission and vision that draws strength from our links to the Pacific Rim and the distinctive qualities of Oregon culture: innovation, sustainability, active lifestyles, financial stewardship, and respect for individuality and diversity within an increasingly global community. It offers undergraduate degree programs in business administration and accounting, as well as MBA, executive MBA, master of science in sports product management, master of accounting, master of science in finance, and PhD graduate programs.
—Jim Engelhardt, Lundquist Communications