The University of Adelaide has been awarded international accreditation for its business programs from one of the world's most respected accrediting bodies.
The University's business programs have been awarded a five-year accreditation from the Association to Advance Collegiate Schools of Business  (AACSB) International, based in the United States.
AACSB accreditation is the hallmark of excellence in business education and has been earned by less than 5% of the world's business schools.
"This means the University of Adelaide Business School  joins the ranks of the world's leading business schools, with international recognition of our programs at both undergraduate and postgraduate level," said Associate Professor Barry Burgan , Head of the University's Business School. "We are the first in the state to achieve this honour."
AACSB accreditation takes several years to achieve and involves significant internal review, evaluation and change. The accreditation standards require:
- a high-quality teaching environment;
- a commitment to continuous improvement; and
- academic programs responsive to the needs of businesses.
"Being accredited by AACSB means that we have committed to the most rigorous accreditation possible by international standards. It's taken more than five years of hard work, self-evaluation and improvement, and this has led to great benefits for all of the business programs offered at our University," Associate Professor Burgan said.
All universities accredited by AACSB go through a peer review process every five years to maintain their accreditation. "The result is that our students will continue to receive the best possible educational experience, one that is committed to constant improvement, evaluation and relevance to industry," Associate Professor Burgan said.
"A perfect example of that is our MBA  (Master of Business Administration) program. We have used the accreditation process to ensure that our MBA is one of the best in Australia. It is a high-quality, high-impact MBA, one that is internationally recognised, relevant to industry and has a global focus. Our entry standards to the MBA program also ensure that our students are of the highest quality."
John J. Fernandes, President and Chief Executive Officer of AACSB International, said: "AACSB congratulates the University of Adelaide and Associate Professor Barry Burgan on earning accreditation, and we welcome them into the family of AACSB accredited business schools. AACSB Accreditation represents the highest achievement for an educational institution that awards business degrees."
The University of Adelaide Business School currently has more than 4000 students from over 100 countries. It offers programs in business, international business, finance, corporate finance, accounting, marketing and management. Programs are taught in Adelaide at the University's North Terrace Campus, with the Bachelor of Commerce, Master of Commerce and MBA also taught in Singapore at the Ngee Ann-Adelaide Education Centre .
Founded in 1916, AACSB is the global accrediting body for business schools that offer programs in business and accounting. AACSB Accreditation is known worldwide as the longest standing, most internationally recognised form of specialised accreditation that an institution and its business programs can earn.