AACSB International Update and Discussion MAACBA Meeting October

AACSB International Update and Discussion MAACBA Meeting October 2016 Tom Robinson, President & CEO Bob Reid, Chief Accreditation Officer

Catalysts for Innovation Co-Creators of Knowledge Enablers of Global Prosperity Leaders on Leadership Hubs of Lifelong Learning

Powering business creation and economic development through entrepreneurship and management innovation Catalysts for Innovation

Convening and partnering at the intersection of academia and practice to reveal new insights Co-Creators of Knowledge

Hubs of Lifelong Learning Connecting expertise and experiences to create opportunities across career life cycles

Leaders on Leadership Discovering new insights into effective leadership, and creating environments that train and nurture leaders

Driving positive impact and encouraging students to use management skills for the greater good Enablers of Global Prosperity

Connect With Other Disciplines Cultivate a Position at the Intersection of Academia and Practice Drive Innovation in Higher Education

Visit www. aacsb. edu/vision Download the report Explore the resources to help you communicate about the Collective Vision Attend sessions around the Collective Vision at AACSB Events Join the conversation @ #AACSBenvisions

AACSB’s New Mission and Vision

AACSB’s Strategic Change Agenda and Aligned Organizational Structure

AACSB’s Strategic Change Agenda – Top 5 Items • Recognized worldwide as the premier mission-driven accreditation for business education, employing a peer review and principles based methodology that leverages technology to streamline the accreditation process. • Strong proactive advocacy for the value of business education and the contributions that business schools make to business, the economy, and society. Facilitate engagement and innovation between business education and key stakeholders, demonstrating the impact of business education on society. • Increased awareness of the value of business education, AACSB Accreditation and participation in the AACSB Network among students, employers, and other key constituents. • User interface for business education intelligence is intuitive and user–friendly with member input used extensively for determining the process, policies and data to be collected. Strategically integrated with relevant data sources or partners beyond AACSB to create value added global and regional reports and analysis. • AACSB demonstrates an awareness of global inclusion and diversity issues through websites, knowledge services, and events programming, offering significant opportunity for understanding, identifying, and modeling related best practices.

AACSB Network Reach

Membership: The Power of Belonging to a Global Network • A century of success and a collective vision for the future • Largest global business education network • Access to business education intelligence and effective practices (Data. Direct, Biz. Ed, LINK, AACSB Explores) • More opportunities to share and collaborate globally (conferences, seminars, webinars, Affinity Groups, Exchange, social media, faculty collaboration, student exchange programs) • Advocating for business education and AACSB accreditation worldwide • Making a difference through volunteering

Reach of AACSB International AACSB-accredited members present AACSB members present No AACSB members present Distribution of schools as of August 31, 2016.

Macro-Regions Macro-Region AACSB Members AACSB-Accredited In Accreditation Process Americas 769 52% 556 72% 54 27% Asia-Pacific 325 22% 100 13% 76 38% EMEA 392 26% 119 15% 71 35% Global 1, 486 100% 775 100% 201 100% Source: AACSB data and analysis as of 5/13/2016. Note: Percentages may not sum to 100 due to rounding.

Sub-Regions Macro. Region Sub-Region Americas Canada Americas United States Americas AACSB Members AACSBAccredited In Accreditation Process 41 3% 22 3% 8 4% 647 44% 515 66% 33 16% Latin America & Caribbean 81 5% 19 2% 13 6% Asia-Pacific Central, Southern, South. Eastern, and Eastern Asia 283 19% 78 10% 69 34% Asia-Pacific Oceania 42 3% 22 3% 7 3% EMEA Africa 29 2% 4 1% 2 1% EMEA Middle East 71 5% 16 2% 13 6% EMEA Europe & Near East 292 20% 99 13% 56 28% Global 1, 486 100% 775 100% 201 100% Source: AACSB data and analysis as of 5/13/2016. Note: In this table, “United States” excludes U. S. territories in Oceania and the Caribbean. Percentages may not sum to 100 due to rounding.

Advocacy & Awareness Initiatives

Business Schools as a Force for Good

AACSB Accredited School Grads are Workforce Ready • 90 percent of ranked schools hold AACSB accreditation and represent the “best of the best” in business education • 95 percent of the chief executives on the FT 500 with business degrees attended AACSB accredited institutions • 75 percent of candidates taking the CPA exam in the U. S. are graduates from AACSB-accredited schools and score 13 percent higher on average than students from other institutions • In 2015 GMAC survey, 86 percent of grads from AACSB accredited schools said their education provided a “competitive advantage” and they are “prepared them to meet the challenges” of the job market

The Impact – FY 15 -16

What’s Next? • Innovations That Inspire (Deans Conference 2017) • Student Entrepreneur Showcase (ICAM 2017) • Continued proactive outreach and engagement with the press • Expanded social media engagement to students and business • More Marketing Value of Accreditation tools • Enhanced search and functionality on Best. Biz. Schools. com

Diversity and Inclusion Update • Focus on advocacy, fostering and sharing best practice • Building a research and data strategy • BSQ module for benchmarking scorecard • Innovations that Inspire – Diversity Theme • Leveraging reach for global impact • • Enhanced feedback on core values in eligibility process Building a communications strategy (drum beats, tent poles and epic moments) Expanding signatory commitment – Best Practices 2. 0 Expanded programming – concurrent and plenary sessions at events • Building and strengthening partnerships with other organizations (Ph. D. Project, GMAC, Forte Foundation) • Aspiring Administrators • Joint research with GMAC, conference participation • Men as Allies toolkit

Accreditation Update and Discussion

AACSB Pursues ISO Certification • International Organization for Standardization (ISO) is globally recognized and aligned with AACSB’s accreditation processes • In September 2016, AACSB Board voted unanimously to pursue ISO 9000/9001 and withdraw it’s voluntary recognition from CHEA • Supports AACSB new mission, strategic change agenda, and collective vision for business schools

Accreditation Outcomes 2015 -16 Initial Accreditation • 28 new business accredited, 6 deferrals • 3 new accounting accredited, 1 deferral • 230 schools in process

Accreditation Outcomes 2015 -16 Continuous Improvement Reviews 143 Schools: 117 extensions, 26 CIR 2 s (18%) Previous Years CIR 2/6 th year rates: 14 -15: 18% 13 -14: 21% 12 -13: 27% 11 -12: 27% 10 -11: 20%

Accreditation Outcomes 2015 -16 Accounting CIRs 41 Schools: 39 extensions, 2 CIR 2 s (5%) Previous Years CIR 2/6 th year rates: 14 -15: 9% 13 -14: 8% 12 -13: 16% 11 -12: 9% 10 -11: 27%

Questions? 30