Business School Accreditation

Getting a business school education requires a serious investment of your time and money. Before you commit to a specific business school, it’s crucial that you check its level of accreditation. Attending a school that is not accredited can not only prevent you from achieving your goals, but it can also make you ineligible to receive financial aid.

What is Accreditation?
Proper accreditation is basically a stamp of approval that the school receives from a legitimate accrediting agency. Business schools voluntarily submit to a process of review, which ensures that they hold to high quality standards based on current research and professional practice. Schools that seek accreditation must continue to update their curriculum and training so that they meet the latest standards and requirements.

In addition to ensuring that the school will provide you with the tools you need to enter the business world, accreditation opens the door for students to participate in federal and state financial aid programs. These programs require that the school is accredited by an accrediting body accepted by the U.S. Department of Education.

In a competitive job market, you want to make sure that you have every advantage available to you. Some employers will only hire or promote graduates from a regionally accredited school.

Levels of Accreditation
Business schools can either be nationally or regionally accredited. The following institutions offer national accreditation:

  • Association to Advance Collegiate Schools of Business (AACSB International) — its accreditation is considered the highest mark of approval available at a business school
  • Association of Collegiate Business Schools and Programs (ACBSP) — accredits business schools that grant degrees focused on teaching
  • Council for Higher Education Accreditation (CHEA) — a large association of schools that focuses on holding to a standard of excellence
  • Distance Education and Training Council (DETC) — accredits distance learning and online schools

There are six widely accepted regional accreditation agencies:

Checking a School’s Accreditation
The easiest way to discover a school’s accreditation status is to check it using the website of the accrediting agency. Most of these organizations keep updated lists of the schools that are currently granted accreditation.

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