AACSB Accreditation

We Finally Made It!

 AACSBThis past Christmas I was checking my VMI email account from home when I discovered a Christmas present I had been waiting on for years. It was a note from Dr. Robert Clark, the Chair of the AACSB Peer Review Team that had visited VMI in the fall to determine if we met AACSB standards for accreditation. Not only had we met the standards; we had passed with “flying colors.” In their report, the Peer Review Team commended us in several areas: the degree of external support for our department; the VMI Honor Code; and the VMI Leadership Center. They also commended members of the department, the VMI staff and leadership, and our students. In short, it was a true team effort, with everyone lending a hand to make the Department of Economics and Business one of only 5% of accredited business programs in the world.

It is difficult for me, even now, to comprehend the importance of this achievement. Since AACSB was established as an American institution in 1916, it is not surprising that most of the accredited schools would be in this country. But even among American institutions, only about one-third are accredited, and among those, only about 5% are undergraduate schools. No matter how you look at it, AACSB accreditation is a significant accomplishment for a small undergraduate school.

For more details on this accomplishment, please take a look at the article from the latest edition of the Alumni Review (reprinted here with permission) or  see page 2 of the Institute Report for February 2010.

Floyd H. Duncan

Department Chairman