Accreditation is a process of voluntary, non-governmental review of educational institutions and programs. Accrediting bodies are specialized agencies that develop standards for the programs being reviewed. To be "accredited" the educational program must meet the standards set by the agency.
The accrediting body for business programs is The Association to Advance Collegiate Schools of Business (AACSB). AACSB has developed a set of standards applicable to all business programs globally which support and encourage excellence in management education worldwide. Accreditation is a lengthy process that not all schools undertake. However, institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review. AACSB accreditation is considered to be the hallmark of excellence in management education.
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