FLORENCE -- The Francis Marion University School of Business has been re-accredited by AACSB--International Association for Management Education.
The official word came Monday, April 10, at the annual meeting of AACSB in San Diego.
Following a campus visit in January, the accrediting group indicated they were going to recommend FMU’s business programs for reaffirmation, and the official confirmation came at today’s meeting, said Jack Goebel, dean of FMU’s School of Business. The accreditation is good for 10 years.
“We are excited and delighted with the re-accreditation,” said Goebel. FMU is among a select number of American universities to have both its undergraduate and graduate programs in business accredited, he added.
“The continuing accreditation of the programs offered through our School of Business is directly related to the quality of professors we have in the program,” said FMU President Fred Carter.
“We are extremely proud of our faculty and sincerely thank all who offered
support and assistance during the self-evaluation and peer review process,” said Carter. “This is another indicator of the quality of academic programs offered at Francis Marion University.”
Organized in 1916, AACSB is the premier accrediting agency for bachelor’s, master’s and doctoral degree programs in business administration and accounting. Accreditation is an assurance of quality academic programs that meet national standards. AACSB promotes excellence and continuous improvement in undergraduate and graduate education for business schools.
FMU is one of about 400 colleges and universities that have achieved AACSB accreditation for their degree programs in business. According to the U.S. Department of Education, there are approximately 1,200 institutions that offer the undergraduate business degree. Included in that total are more than 700 that offer graduate programs in business.
“When students enroll in an accredited business school for study,” Goebel said, “they can be assured their professional programs have met rigorous standards for excellence.”
Accreditation assures students that they are learning from relevant curricula and qualified faculty, he added.
“Accreditation also means employers can be assured of hiring graduates who have come through a quality, current business program,” said Goebel.
The AACSB program review process is two-fold, first through self-evaluation and then by peer review by a team of outside evaluators with expertise in business education. Through this process, a school of business is able to assess accomplishments and areas of excellence and to note program weaknesses. The peer review process allows external analysis of the school’s processes for achieving its mission and educational outcomes.
AACSB is a not-for-profit organization consisting of more than 800 educational institutions and corporations. In the United States, AACSB accredited institutions annually award more than 55 percent of all the degrees in business and management education. AACSB is headquartered in St. Louis, Mo.
The FMU School of Business enrolls 539 undergraduate students and 62 in the master’s programs. There are 23 members in the business faculty.
For more information about the accreditation or FMU business programs, call the School of Business at 843-661-1419.