Every five years, the Association to Advance Collegiate Schools of Business requires its member institutions to undergo a review to maintain their accreditation. This spring, the AACSB Continuous Improvement Review Committee submitted a recommendation to extend the Georgetown University McDonough School of Business accreditation, a decision that was ratified by the AACSB Board of Directors in May.
“We are pleased that AACSB supports Georgetown McDonough’s reaccreditation,” said Dean David Thomas. “The accreditation maintenance process is an important opportunity to receive external feedback from AACSB and other business school deans, as well as reflect and evaluate our own programs. The result is that we seek continuous improvement within the school, supporting innovation and the best possible experience for our students.”
According to AACSB International, its accreditation marks the highest standard of achievement for business schools. Less than 5 percent of the world’s 13,000 business programs have earned AACSB accreditation. AACSB has been developing accreditation standards since 1919. Georgetown McDonough was first accredited by AACSB in 1983.
As part of the review process, Georgetown McDonough submitted a detailed report about the school’s strategy, faculty makeup and support, resources, academic programs, methods of evaluation, and areas of continuous improvement. In February, a site visit team comprising George Tsetsekos, dean emeritus, Drexel University’s LeBow College of Business; Mahendra Gupta, dean, Washington University in St. Louis Olin Business School; John Board, dean, University of Reading Henley Business School; and Ceree Eberly, chief people officer and senior vice president for the Coca-Cola Company and AACSB International Business Practices Council member met on campus and interviewed faculty, staff, students, and alumni about the school. Their recommendation was submitted to AACSB for final approval.