According to an article in the New York Times, there is a debate brewing over the accreditation of business schools. While many people look at accreditation as showing a high standard at an institution, Thierry Grange, dean of Grenoble’s School of Management in France and co-chairman of a committee set up by the Association to Advance Collegiate Schools of Business, says that for business schools, “accreditation is not standard led. It is mission led.” According to Julie Margetta Morgan, an education expert at the Center for American Progress, accreditors should “require all their members to submit transparent measures of student success, such as graduation rates, retention rates and the number of students who transfer out into better or equal institutions” in order to show “quality improvement.” Such attempts measures would ensure that for-profit institutions like the University of Pheonix, which has a 9% graduation rate, yet is accredited by the North Central Association of Colleges and Schools, would lose its accreditation.
Read the full article: MBA News: Should Accreditation of Business Schools Change?