of Pennsylvania’s Eberly College of Business and Information Technology has received
notification that its AACSB International (Association to Advance Collegiate
Schools of Business) accreditation has been reaffirmed.
The AACSB Board of
Directors ratified on April 29, 2016 the peer review team’s recommendation for extension
of accreditation of all business degree programs offered by IUP.
accreditation, programs must demonstrate that they meet the agency’s standards
of quality every five years. The recognition comes after intensive internal work,
a comprehensive report, a consultative visit, and a visit by the peer review
Eberly first achieved
accreditation of its bachelor’s and master’s degree programs in business
administration from the Association to Advance Collegiate Schools of Business
in May 2001.
Established in 1916,
AACSB International is a global, nonprofit membership organization of
educational institutions, business and other entities devoted to the
advancement of management education. It is the accrediting body for business
schools that offer undergraduate, master’s and doctoral degrees in business and
accounting, and it has as its mission to “advance quality management education
worldwide through accreditation, thought leadership, and value-added services.”
accreditation represents the highest standard of achievement for business
schools worldwide. Fewer than five percent of the more than 16,000 schools
worldwide granting business degrees have earned AACSB accreditation.
“The extension of
AACSB accreditation is a well-earned testament to the outstanding work of the
faculty, students, administration and staff of the Eberly College,” said Dr.
Robert C. Camp, dean of the college.
meet the high standards of AACSB over an extended period of time requires a
constant focus on all aspects of the college including instruction, scholarship
and service while seeking to respond to rigorous quality standards. The
combination of AACSB accreditation and repeated recognition by independent
publications such as the “Princeton Review” and “Military Times” places the
Eberly College among the most respected business schools in the country.”
In the internal
review, programs being evaluated for continued accreditation must demonstrate
continued commitment to the AACSB’s 20 quality standards relating to strategic
management, mission, intellectual contributions, financial strategies, faculty
qualifications, management of curricula, undergraduate and graduate learning
goals, student participation, and continuous improvement.
“It takes a great
deal of commitment and determination to earn and maintain AACSB accreditation,”
said Robert D. Reid,
executive vice president and chief accreditation officer of AACSB
International. “Business schools must not only meet specific standards of
excellence, but their deans, faculty, and professional staff must make a
commitment to ongoing continuous improvement to ensure that the institution
will continue to deliver the highest quality of education to students.”
College has been included in the Princeton Review’s “Best Business Schools”
guidebook since 2005, and most recently appeared in 2015 “Military Times”
listing of Best for Vets: Business Schools.
In March 2010, the
Eberly College was one of 15 graduate schools of business in the nation named
to the Princeton Review’s second annual “Student Opinion Honors for Business Schools.”
In IUP’s debut on the list, it was included in two of the six categories:
Marketing and General Operations. The list appeared in the April 2010 issue of “Entrepreneur
The Eberly College of
Business and Information Technology—housed
in a $10 million complex with state-of-the-art technology for teaching and
study—includes a 44-station financial trading room, which allows students to
create hypothetical portfolios and track all purchase and sales transactions in
order to gauge performance and document trading strategies. The Eberly College is
also home to an advanced financial trading room that houses Bloomberg terminals
used by the Student Managed Investment Portfolio (SMIP) team.
This technology allows students to manage a real stock portfolio, valued
at $750,000, which is part of the Foundation for IUP’s $70 million stock
portfolio. The 2015 IUP SMIP team won first place at a national student
The Eberly College has more than 20,000 alumni.
Many have assumed positions of leadership in large corporations and public
accounting firms, primarily in the eastern half of the United States. More than
3,000 have become part of the business community in the Pittsburgh region, and
this network continues to be instrumental in helping graduates of the Eberly
College to secure internships and jobs. Alumni routinely return to IUP for
workshops, seminars and “in residence” programs. Eberly College has one of the
largest business internship programs in the state of Pennsylvania, and many interns
secure permanent employment within the internship company.
corporations recruit on the IUP campus, such as Alcoa, AT&T, Bank of
America, Bayer, BNY Mellon, Citizens Bank, Enterprise, Enterprise Bank, FedEx,
First Commonwealth Bank, Heinz Corporation, Hewlett Packard, Highmark, IBM
Corporation, JP Morgan Chase & Co, Lockheed Martin, Merill Lynch, PNC Bank,
PPG Industries, S&T Bank, Siemens, United States Army, and UPMC. IUP students also are recruited by a
number of major national and regional accounting firms, such as Deloitte &
Touche LLP; Ernst & Young LLP; PricewaterhouseCoopers LLP; KPMG LLP; Boyer
& Ritter; BKD LLP; Sisterson & Co. and Schneider Downs.
Eberly College has strategically positioned itself as a global center for
learning and research. The college has partnerships and exchange agreements
with universities around the world. Roughly half of all the international
students at IUP are in the Eberly College, and about half of the faculty in the
college were born outside the United States. Dozens of American students from
IUP study abroad each year through partnerships in India, China, Europe, and
the Middle East.