University of Canterbury Earns Prestigious AACSB Business Accreditation
The School of Business and Economics at the University of Canterbury has earned initial accreditation by AACSB International – The Association to Advance Collegiate Schools of Business. Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting.
AACSB Accreditation is the hallmark of excellence in business education, and has been earned by less than five percent of the world's business programmes. Today, there are more than 711 business schools in 47 countries and territories that maintain AACSB Accreditation.
“It takes a great deal of commitment and determination to earn AACSB Accreditation,” said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. “Business schools must not only meet specific standards of excellence, but their deans, faculty, and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students.”
This School of Business and Economics is located in the College of Business and Law at the University of Canterbury in New Zealand. The College has 3873 students including 542 postgraduates and 298 international students, 114 staff with 87 academics, including 21 law academics. The College offers more than 300 courses.
Professor Sonia Mazey, Pro-Vice-Chancellor of the College of Business and Law paid tribute to Business School staff saying, “staff have worked incredibly hard in challenging circumstances over the past three years or so to meet the demanding standards required by AACSB in terms of teaching and research. AACSB accreditation is an internationally recognised guarantee of the excellence of UC business degree programmes."
Engagement with the community and industry is vital to ensuring UC graduates have the knowledge and practical skills that employers seek. Internships and project-based courses allow students to gain work experience, while business competitions, a student-run company Entré, overseas study tours, and other outside-the-lecture room activities provide ‘real world’ opportunities for students to apply what they learn and to extend their networks.
Recent innovation in course offerings and delivery resulted in the development of new taught-Masters qualifications including: Master of Applied Finance and Economics; Master of Business Management; and Master of Professional Accounting. These programmes address the growing demand for professionally relevant qualifications and an intensive learning format that produces graduates who think innovatively, and who are ready to make an impact in business.
The 2012 university performance based research funding round (PBRF) consolidated the School’s reputation for innovative and robust research, with the School ranked first in New Zealand in marketing and tourism, and second in accounting and finance, management, human resources and industrial relations. College staff are also at the forefront of international research into individual and organisational resilience.
“Our College mission is to be known for teaching and research that is internationally recognised, professionally relevant and community focused. Alongside our new courses and programmes, the expansion of community service and work-integrated learning opportunities will play a crucial role in our future,” says Professor Mazey.
“This year we re-opened the Business and Law building and continued to host Erskine scholars and prominent guest speakers from the fields of business and economics. We have a strong platform upon which to maintain and to further strengthen our relationships with high school students, businesses, community groups and public sector organisations. Moreover our programmes have an increasingly international in focus; we aim to prepare UC graduates who are both ‘work-ready’ and ‘world ready' – able to make a difference within a global community."
About AACSB International
AACSB International (The Association to Advance Collegiate Schools of Business), founded in 1916, is an association of more than 711 educational institutions, businesses, and other organizations in 47 countries and territories. AACSB's mission is to advance quality management education worldwide through accreditation, thought leadership, and value-added services. As the premier accreditation body for institutions offering undergraduate, master's, and doctorate degrees in business and accounting, the association also conducts a wide array of conferences and seminar programs at locations throughout the world. AACSB's global headquarters is located in Tampa, Florida, USA and its Asia Pacific headquarters is located in Singapore.