Accreditation is important for business schools to ensure a higher chance of success for students in the business world. There are various types of accreditation, and each agency serves a different student population. Accreditation criteria are teaching-focused, and it leads to greater earning potential for graduates.
Considering the amount of time, effort, and money it takes to earn a business degree, any student looking to earn this type of degree should check to see if the school is accredited. Accreditation of business schools will help ensure that a business degree from that school leads to a greater likelihood for the student to succeed in the business world. Types of business school accreditation include program-specific accreditation, regional accreditation, national accreditation, and international accreditation.
Business school accreditation is based on specific criteria used to determine competence and credibility. The criteria for this accreditation are generally teaching-focused, and national standards for accreditation are generally based on evaluation of outcomes to verify excellence in teaching business courses. Accreditation normally lasts for a certain period of time, after which the business school must again demonstrate its competence to retain its accreditation. The various accrediting agencies set their own standards for accreditation, and some are only awarded to a small percentage of business school programs. Other organizations oversee accrediting agencies and maintain records of accredited business schools.
Each business school accrediting agency serves a slightly different student population. An accrediting agency may serve both undergraduate and graduate programs. Another business school accreditation agency may grant accreditation only to smaller public or private schools that offer business courses and business degree programs. An accrediting agency may also focus on online and distance education programs that offer business courses to students nationally or internationally. To qualify for consideration, these online business schools typically must exist for a certain period of time, such as two years.
One of the benefits of accrediting a business school is that a business degree from an accredited school creates greater earning potential for the graduate. Therefore, a prospective business student will be wise to verify that their selected school or program has received business school accreditation. If the school also has specific business accreditation, a business student will be that much closer to achieving their career goals.
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