Open Blog Post - AACSB

I suddenly got curious about what it takes a business school to be official. So, I did a research on it, and I learned that official business schools were accredited by AACSB. AACSB (an Association to Advance Collegiate Schools of Business) was established in 1916 as a membership organization for business schools. Currently, Eli Broad College of Business at Michigan State University is officially accredited school by AACSB.
In order to gain accreditation by AACSB, "first, a school must be a member of AACSB International and offer degree-granting programs in business or management. Next, a school may apply for AACSB accreditation. The school’s application is carefully reviewed to ensure it is eligible to pursue AACSB Accreditation. Once it is determined that a school has the potential to be accredited, it works with mentors, committees, and AACSB staff to develop a Standards Alignment Plan. Once a school follows through with its alignment plan and meets the AACSB standards, review committees and the AACSB Board of Directors decide whether or not a school should be accredited. In its entirety, the AACSB accreditation process is rigorous and requires a significant amount of work to achieve."
However, it does not mean that once accredited school is accredited forever. Schools can lose their accreditation. School undergo a thorough review that is focused on the delivery of high-quality education, continuous improvement, market relevance, and currency.