Foster School Of Business Alumni Association
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The Foster School of Business (also known as UW Foster; officially the Michael G. Foster School of Business) is the business school of the University of Washington in Seattle. Founded in 1917 as the University of Washington School of Business Administration, the school was the second business school in the Western United States. Accredited by the Association to Advance Collegiate Schools of Business, the school offers bachelor's, master's, and doctoral degrees, as well as a undergraduate minor and certificate programs. Enrollment each year is about 2,500 students in its undergraduate and graduate programs and more than 1,000 working professionals in its executive education seminars and lifelong learning programs.
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The Association to Advance Collegiate Schools of Business, also known as AACSB International, is an American professional organization. It was founded in 1916 to provide accreditation to business schools.
Not all AACSB members are accredited and AACSB does not accredit for-profit schools.
On average, AACSB observes that schools take between four and five years to earn AACSB Accreditation.
The amount of time it will take a school to earn accreditation depends largely on how closely aligned they are with AACSB standards when they apply for eligibility.
The AACSB withdrew recognition by the Council for Higher Education Accreditation in 2016. This is because the AACSB now holds international recognition by the ISO.
History
The American Assembly of Collegiate Schools of Business was founded as an accrediting body in 1916 by a group of seventeen American universities and colleges.
The first accreditations took place in 1919.
For many years, the association accredited only American business schools.
But in the latter part of the twentieth century it advocated a more international approach to business education.
The first school it accredited outside the United States was the University of Alberta in 1968, and the first outside North America was the French business school ESSEC, in 1997.
Robert S. Sullivan, dean of Rady School of Management, became chair of the association in 2013.
The organization is currently led by CEO and President Tom Robinson, who came to AACSB from the CFA Institute, a global association for investment management professionals;
its board is chaired by John A. Elliott, former dean of the University of Connecticut School of Business.
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