Certifications and accreditations are important symbols in general. For example, when it comes to products and services by seeing such signs we can know if something we want to buy is considered excellent or not, since these certifications in order to achieved involve the accomplishment of quality parameters in every matter regarding the product or service to be accredited.
Because of it, universities and academic institutions are known to give accreditations and certifications great importance, due to these symbols allow them to be highlight among the others and future students that are looking for quality and excellence tend to choose such certified institutions, being related to excellence and commitment as a feature that cannot be bought.
For instance, business schools and faculties of economy offering master of business and administration programs have a certification that results in pure excellence and greatness; the AACSB accreditation, as the related symbol that is always looked for by future students, since this sign ensures completely excellence regarding academic and education achievements.
Therefore, let us explain the details about AACSB certification regarding definition, purposes and characteristics. Nonetheless, to address the definition of master in business programs or MBAs is important at this point, in order to understand better the function of such certification.
Master in business degrees: the certified programs by AACSB
To define it in a simple and concise definition, a master of business and administration program is a specialization degree, being focused on offering students specific contents, materials and preparation in a business, economic or enterprising matter, with a postgraduate approach and with the purpose to make of the future students and applicants outstanding workers in their field, respecting every company or corporation they work.
Now, it is important to highlight the fact that MBAs are known for one feature in general; such programs are usually offered by using a inline education teaching approach, so students can attend classes though mobile devices and internet, allowing professors and applicants not to worry about obstacles like boarders, trips and bureaucratic procedures that are hard to deal with.
Also, a master in business program can be focused on general contents, as well as being degrees with specific design in terms of curriculum and purpose from where MBA types come off. For example, students can choose to attend masters with interest on numbers or financial MBA, products or marketing MBA and operative functions or executive MBA.
Details about AACSB accreditation for master in business
Specifically, AACSB stands for Association to Advance Collegiate Schools of Business, acting as the most outstanding quality credential related to master in business programs and business schools that provide them.
As any credential or certification, AACSB is a process that involves the achievement of demanding parameters of quality, which all have to be managed for the accreditation to be given completely, since if they are not fulfilled with greatness the goal to obtain the AACSB credential will fail, since overcoming them half way through is not enough.
For example, AACSB certifications involve a process of five years to be completed, where fifteen parameters have to be fulfilled entirely and with excellence in order for the applicant business and its MBA to be approved and obtain the certification.
Regarding the fifteen parameters, these are framed into 4 main categories that involved different academic aspects related to the candidate MBA program: strategic management, participants and students´ ambition, learning and teaching process, as well as academic and professionals´ engagement and their credentials.
The AACSB certification is so demanding to have that only five percent out of 13.000 business schools around the world have it, which are considered outstanding and the best in terms of general education, graduate students and their abilities in the working field.