FOR IMMEDIATE RELEASE
Tuesday, October 21, 2011
CONTACT: Richard Penny, (425)352-3395, firstname.lastname@example.org
BOTHELL, Wash. – University of Washington Bothell has earned initial accreditation of its business degree programs by recent action of the Board of Directors of AACSB International—The Association to Advance Collegiate Schools of Business. Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer bachelors, masters, and doctorate degrees in business and accounting.
UW Bothell joins an elite group of institutions that have achieved business accreditation from AACSB International. Only 633 schools of business, or less than 5% worldwide, have earned this distinguished hallmark of excellence in management education.
“We warmly congratulate the University of Washington Bothell and program director Sandeep Krishnamurthy, Ph.D., and welcome them into the AACSB family of internationally accredited business schools,” said John J. Fernandes, president and chief executive officer of AACSB International. “AACSB Accreditation represents the highest achievement for an educational institution and its college of business. The chancellors, faculty, directors and administrative staff of UW Bothell are to be commended for their dedication and commitment to continuous improvement, and for their role in earning initial accreditation.”
To achieve accreditation, an institution’s business program must undergo a meticulous internal review and evaluation process. During this period, the school must develop and implement a mission-driven plan to satisfy 21 quality standards relating to faculty qualification, 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.
During the accreditation process, the University of Washington Bothell Business program was visited and evaluated by business school experts with detailed knowledge of management education, applying accreditation standards that are widely-accepted in the educational community. Says Krishnamurthy of the new accreditation:
Up to this point, we were jointly accredited with Foster and Milgard schools of business; as of now, we are independently accredited by AACSB. For the first time in our history, the UW Bothell business program will be listed separately in the list of AACSB members. Also, our undergraduate and MBA programs are now eligible for ranking by US News & World Report and other publications. Coupled with the transition to school, it really means that the UW Bothell Business program has an independent identity and is now visible to the rest of the world.
The University of Washington Bothell Business program’s achievement will be recognized at the next AACSB International Conference and Annual Meeting.
About AACSB International:
AACSB International (The Association to Advance Collegiate Schools of Business), founded in 1916, is an association of almost 1,200 educational institutions, businesses and other organizations in 78 countries. AACSB Accreditation is the benchmark of quality worldwide and most widely sought after by business schools—less than 5% worldwide have earned the achievement. As the premier accreditation body for institutions offering bachelors, masters, and doctorate degrees in business and accounting, the association also conducts a wide array of conferences and seminar programs at locations throughout the world. For more information, please visit: www.aacsb.edu.
About UW Bothell: The University of Washington Bothell combines the benefits of a small campus with the resources and prestige of a world-renowned university. Offering over 30 degrees, options, certificates and concentrations, its curriculum emphasizes close student-faculty interaction, collaboration among students, and hands-on learning.For more information, visit www.uwb.edu.