WICHITA FALLS, Texas (KAUZ) – Midwestern State University’s Dillard College of Business Administration has become one of a relatively small collection of business schools in the world to earn a reaccreditation from the Association to Advance Collegiate Schools of Business.
This is the third time that the Dillard College of Business Administration has earned the honor since 2010. The college is among just six percent of business schools across more than 65 countries and territories to be recognized with the honor.
The AACSB is the global standard for business education. Jeff Stambaugh, Dillard College of Business Administration Dean, said to earn this achievement the school must live up to a high standard set by the AACSB.
“It’s comprehensive. They look at things like what’s our strategic plan, how well are we financially supported and our learner’s success. [As well as] how our graduates are doing in the marketplace, what innovations have you made and do you have a high-quality faculty? It’s very comprehensive in its examination,” Stambaugh said.
The college has made many improvements since its last accreditation five years ago. Stambaugh said those improvements were made to keep the college on pace with other AACSB-certified schools.
“We added an Excel emphasis in our curriculum to include the opportunity for the students to become Excel certified. We’ve introduced a lot of other certifications such as Bloomberg marketing concepts for our finance majors and QuickBooks for our accounting majors. We’ve also really grown a fabulous non-profit component to the business college. Which [the AACSB] cited as something that all business colleges across the country should take a look at doing,” Stambaugh said.
Yang Xu, Academic Department Chair, said the reaccreditation boosts the potential future earnings for students.
“From the student perspective, AACSB accreditation provides them with higher earning potential. Studies show that graduates from AACSB-accredited schools can earn higher salaries. This is significant value for our students,” Xu said.
Robert Forrester, Chair of Economics, Finance and General Business, said this achievement is a benefit to not only students but faculty as well.
“What it does is it re-affirms to us that what we are doing is the right thing. We’re creating programs that are going to enhance students. It’s going to make our students better when they go into the market. It just shows we have a real quality program,” Forrester said.
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