NEW YORK, Feb. 16, 2016 /PRNewswire-USNewswire/ -- The Lubin School of Business at Pace University has successfully maintained its dual accreditation for both business and accounting by AACSB International—The Association to Advance Collegiate Schools of Business. Fewer than 2% of business schools worldwide have this elite dual accreditation for both business and accounting. Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting.
AACSB accreditation is the hallmark of excellence in business and accounting education, and has been earned by less than five percent of the world's business programs. Today, there are 755 business schools in 51 countries and territories that maintain AACSB accreditation. Similarly, 182 institutions maintain an additional specialized AACSB accreditation for their accounting programs.
Achieving accreditation is a process of rigorous internal review, engagement with an AACSB assigned mentor, and peer review. During this multi-year process schools focus on developing and implementing a plan to align with AACSB's accreditation standards. These standards require excellence in areas relating to strategic management and innovation; student, faculty, and staff as active participants; learning and teaching; and academic and professional engagement.
To realize accounting accreditation, an institution must first earn AACSB business accreditation. Then, in addition to developing and implementing a mission-driven plan to satisfy the business accreditation quality standards, accounting accreditation requires the satisfaction of an additional set of standards that are specific to the profession of accounting.
"AACSB congratulates Pace University for completing the multi-year continuous improvement review process, and for successfully maintaining their dual accreditation in both business and accounting," said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. "The Lubin School of Business has embraced and embodied engagement, innovation, and impact as the foundation for their accreditation and continuous improvement efforts. We congratulate the leadership, faculty, and staff for this important dual accomplishment."
Pace University has a rich history of excellence in business education and was founded as a school of accountancy in 1906. With a strong focus on experiential learning and one of the largest internship placement programs in the New York metropolitan area, Lubin's job placement overall is 90%. "We are delighted that the AACSB Peer Review Team were highly complimentary about our progress toward continuous improvement over the last five years," said Lubin's Dean Neil Braun. "The focus on career preparation for our students, the collegiality and engagement of faculty, and the inclusiveness and integration of our very diverse student population, were cited as exemplary."
To learn more about Lubin visit http://www.pace.edu/lubin. Or to learn more about AACSB International accreditation, visit the accreditation section of the AACSB International Web site at: http://www.aacsb.edu/accreditation/.
About Pace University
Pace University is a comprehensive, independent University with campuses in New York City and Westchester County. Nearly 13,000 students are enrolled in undergraduate and graduate degree programs in the Lubin School of Business, Dyson College of Arts and Sciences, Seidenberg School of Computer Science and Information Systems, School of Education, School of Law and College of Health Professions. http://www.pace.edu
About the Lubin School of Business at Pace University
Globally recognized and prestigiously accredited, the Lubin School of Business integrates New York City's business world into the experienced-based education of its students at Pace's suburban and downtown campuses, implemented by the region's largest co-op program, team-based learning, and customized career guidance. Its programs are designed to launch success-oriented graduates toward upwardly mobile careers. www.pace.edu/lubin
About AACSB International
AACSB International (The Association to Advance Collegiate Schools of Business), founded in 1916, is an association of almost 1,450 educational institutions, businesses, and other organizations in 90 countries and territories. AACSB's mission is to advance quality management education worldwide through accreditation, thought leadership, and value-added services. As the premier accreditation body for institutions offering undergraduate, master's, and doctorate degrees in business and accounting, the association also conducts a wide array of conferences and seminar programs at locations throughout the world. AACSB's global headquarters is located in Tampa, Florida, USA, its Asia Pacific headquarters is located in Singapore, and its Europe, Middle East, and Africa headquarters is located in Amsterdam, the Netherlands. For more information, please visit: www.aacsb.edu
SOURCE Pace University