The Direct and Indirect Benefits and Costs of AACSB Accreditation

Abstract

The article discusses the benefits and costs including the nonfinancial, indirect and cultural effects of specialized accreditation by the Association to Advance Collegiate Schools of Business International (AACSB International). It reviews the benefits of AACSB accreditation with respect to school's external and internal constituents and considers the costs of accreditation including financial, nonfinancial and cultural costs. It notes that AACSB International has been the gold standard of professional accreditation for American business schools. It suggests that the strength of an institution's academic program is important to prospective students and their parents.

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