CCSU NEWS RELEASE
CCSU Business School earns
highly sought accreditation from AACSB
Janice Palmer, CCSU Marketing & Communications, email@example.com (860).832-1791 (860) 538.2649
FOR IMMEDIATE RELEASE – November 26, 2013
NEW BRITAIN, Conn. – Central Connecticut State University’s School of Business joins the ranks of prestigious institutions, including Yale and UConn, in earning accreditation by the Association to Advance Collegiate Schools of Business (AACSB). About 5 percent of business schools in the U.S. and 49 countries and territories have received the coveted AACSB stamp of approval.
To earn the mark of excellence, CCSU’s School of Business, under the leadership of its dean, Siamack Shojai, undertook a rigorous self-evaluation and review process and, based on those findings, established a series of improvements and initiatives during the past seven years.
“AACSB accreditation is the hallmark of excellence in business education,” says Provost Carl Lovitt. “CCSU is proud of Dean Shojai and his faculty for their commitment and efforts to transform the School of Business into an educational institution committed to maintaining a high level of instruction for its students and research opportunities for both faculty and students.”
According to association’s president, "It takes a great deal of commitment and determination to earn AACSB Accreditation.” Robert D. Reid, executive vice president and chief accreditation officer of AACSB International says, "Schools must not only meet specific standards of excellence, but their deans, heads of business units, and academic and non-academic staff must make a commitment to ongoing improvement to ensure that the institution will continue to deliver the highest quality of education to students."
AACSB accreditation is the largest and most recognized specialized accreditation worldwide. In fact, 86 percent of AACSB-accredited schools say that the agency’s standards are the most stringent as compared to other accreditations they hold.
As chair of the School’s Business Advisory and Advancement Council Kelley Hedley, an alumna and Hartford area business leader, assisted the School in its pursuit of the AACSB’s approval. “Obtaining AACSB accreditation demonstrates that the CCSU School of Business is an exceptional program. The commitment throughout the process by the faculty and administration proves that they are dedicated to providing the best possible education to students with a focus on continuous improvement. I am proud to be part of the experience and involved with such an outstanding organization,” she shares.”
With just 687 business programs or schools having earned the AACSB’s endorsement for quality, Dean Shojai says his students can be “assured they are receiving a world class education at a tremendous value.”
Another benefit will be realized starting next spring, when new graduates of CCSU’s School of Business find that many top MBA programs accept undergraduate prerequisite courses earned at an AACSB accredited school and that GMAT requirements are waived for students who’ve earned a high GPA at an accredited school.
Dean Shojai applauded his faculty, staff, and students for their “diligence” during the past seven years to achieve the distinction of becoming an AACSB accredited business school, “…not only for CCSU and our students, but for the State of Connecticut.” He added, “This is a long-term investment in the education of Connecticut’s citizens and commitment to excellence in business education. More than 86 percent of our graduates remain in the state and bring to their professions and employers an education recognized by the industry and peers for its quality.”
As part of its plan to meet AACSB’s demanding criteria, the School recruited highly qualified faculty and adopted a set of measures for maintaining high standards for faculty. The School also adopted a strategic management plan to more effectively operate the school, make decisions, and pursue new endeavors.
Among the activities established during the last several years are expanded services and programs for students. The Student Professional Advancement (SPA) workshops and speaker series connect some of the state’s top business executives and CCSU alumni with students for advisement and to share their insights into current industry issues. The Insurance & Financial Services (IFS) Boot Camp is a free, week-long summer program for business majors interested in working with top industry executives who develop seminars on industry topics. A peer-mentoring program has been working to close the achievement gap.
The quality and quantity of faculty research and publications have been substantially increased and teaching excellence carefully monitored. An elaborate Assurance of Learning System has been put in place to assess and ensure that students are learning what they are supposed to learn. A Hall of Honor now recognizes outstanding achievement and contributions to the business industry by both individuals and firms.
“I have been fortunate to work with an outstanding group of colleagues in the School and from Connecticut’s business sector in our pursuit of achieving excellence on behalf of our students,” Shojai shared. He also extended his appreciation to members of the School’s Business Advisory and Advancement Council “for their generosity in sharing their time and knowledge with our faculty and students. Industry support was a crucial component in achieving this accreditation,” he says.
The AACSB seal of approval is retained for five years when the School must once again undergo a rigorous review process.