The Merrick School of Business—the home of business education at the University of Baltimore, where business has been taught since the institution was founded in 1925—has maintained its business accreditation by AACSB International–The Association to Advance Collegiate Schools of Business. Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting. AACSB accreditation is the hallmark of quality in business education, and has been earned by less than five percent of the world's business programs. Today, there are 862 business schools in 56 countries and territories that maintain AACSB accreditation.
In an official statement from the accrediting body, Stephanie M. Bryant, executive vice president and chief accreditation officer of AACSB, congratulated the University of Baltimore and 47 other institutions for their commitment to quality business education and to the intense peer-review process it exemplifies. In order to maintain accreditation, each school must demonstrate a focus on excellence in all areas, including teaching, research, curricula development and student learning, every five years.
Among those aspects of the school that impressed the AACSB evaluation team were the endowment levels for an institution the size of UB, the levels of engagement of the advisory boards and individual faculty, and the contemporary scholarly research themes that the faculty has adopted. The peer team that reviewed the school noted that Merrick's specific approach to teaching business and conducting research showcases the school's engagement with students, businesses, and the greater community.
"At Merrick School of Business we strive every day to keep improving our teaching, research and overall student experience," said Murray Dalziel, dean of the Merrick School of Business. "The efforts and commitment of our faculty and staff exemplify the dedication they have to our students. By upholding the AACSB's standards of excellence, we signify the high quality of our programs and our value proposition to students from around the region."
Part of that value proposition, as stated on the AACSB website, is about the impact of the organization on the institution's educational mission:
"When educational, professional, and business organizations become members of the AACSB Business Education Alliance, they are part of a movement united to improve the quality of business education around the world," the site says. "AACSB connects, shares, and inspires innovation and quality throughout the member network, as well as the business community. The collective strength of the organization is founded on diverse perspectives, a global mindset, and a commitment to making a difference."