According to a recent report in the Chronicle of Higher Education, the world’s largest accreditor of business schools opened its first regional headquarters in Asia last week, marking the region’s growing importance in the field of management education.
On June 4th, AACSB International: the Association to Advance Collegiate Schools of Business announced the opening of a new office in Singapore. The creation of the office is part of the association’s effort to increase membership and enhance its professional-development and accreditation services in the region.
“In recent years management education has experienced a mercurial level of growth worldwide,” John Fernandes, president and chief executive officer of AACSB International, said in a statement announcing the new office. “Today the Asian region hosts more than 5,000 business programs and is now the largest center of management education in the world.”
AACSB’s membership includes approximately 1,200 business schools and companies throughout 71 countries. Of those, 111 member school are in Asia, including 20 that have received AACSB accreditation. AACSB officials want to ensure that new programs and partnerships in Asia are educationally sound, further motivation for establishing the Singapore office.
“Successful growth in management education is critical for Asia, and ensuring that the growth is based on quality is of vital importance to AACSB,” Rick Cosier, chairman of the board of AACSB International and dean of Purdue University’s Krannert School of Management, said in a statement.
The opening of the AACSB Asian headquarters also will bring more conferences and seminars to the region. Already, eight events have been organized in Asia for the 2009-10 academic year in host cities ranging from Singapore to Shanghai to Sydney.
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