Posted by: Alison Damast on July 31, 2008
The Association to Advance Collegiate Schools of Business (AACSB) is expanding its global footprint with a new office in Asia, the organization announced on July 31. It will be headed up by Eileen Peacock, who currently serves as dean of the Charlton College of Business and professor of accounting at the University of Massachusetts Dartmouth.
The move by the AACSB, one of the leading business school accreditation agencies, comes just as educators are pushing for more regulation of business schools in China and India. There is a great deal of work to be done. There are more than 4,300 schools in Asia that offer business degrees and more than 1,600 offer MBAs. The AACSB has only just started to dip its toes into the market. Last August, AACSB announced that Tsinghua University had earned both business and accounting accreditation, the first university in mainland China to be accredited by the agency.
The need for more regulation in the region is pressing. An article in the Chronicle of Higher Education back in May reported on the troubles that LNU-MSU College of International Business, a collaboration between Missouri State University and a local Chinese university, was having in getting off the ground. We recently did a story on some of the challenges schools in the U.S. and the UK are having establishing executive MBA programs in China. Indian business schools are facing difficulties of their own, as we reported back in June.
Do you think there’s a need for accrediting agencies like the AACSB to have a larger presence in the Asian B-school market?