Stern School Of Business Alumni Association
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The Leonard N. Stern School of Business (also NYU Stern, Stern School of Business, or simply Stern) is the business school of New York University, a private research university based in New York City. Founded as the School of Commerce, Accounts and Finance in 1900, the school received its current name in 1988. Stern is a founding member of the Association to Advance Collegiate Schools of Business. Established as the School of Commerce, Accounts and Finance, the school changed its name in 1988 in honor of Leonard N. Stern, an alumnus and benefactor of the school. The school offers Bachelor of Science in Business at the undergraduate level and Master of Business Administration degrees at the postgraduate level. The school is located on Gould Plaza next to the Courant Institute of Mathematical Sciences and the economics department of the College of Arts and Sciences.
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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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