IUP Eberly College of Business and Information Technology Earns Continued Accreditation by International Agency

Posted on 5/20/2016 11:54:31 AM

Indiana University 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.

To maintain 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 team.

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.” 

AACSB 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.

“Continuing to 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.”

IUP’s Eberly 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 Magazine.”

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 investment conference.

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.

Many major 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.

The 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.