Northern Michigan University’s College of Business has extended its accreditation through AACSB International—The Association to Advance Collegiate Schools of Business (AACSB). Less than 5 percent of business schools worldwide have achieved AASCB accreditation. NMU initially gained the distinction in 2002.

The extension represents a multi-year continuous improvement peer review and efforts by NMU College of Business faculty and staff to ensure that academic programs and the college’s strategic plan adhere to accreditation standards. These standards require excellence in areas related to strategic management and innovation; student, faculty and staff as active participants; learning and teaching; and academic and professional engagement.

“Accreditation assures that the business education our students receive is on par with the best business schools in the world,” said David Rayome, dean of the NMU College of Business. “That education is combined with practical experiences offered by the university in cooperation with our business partners in Marquette and across the country, making for one of the best and most comprehensive educational experiences possible.”

According to a press release, AACSB is the “longest-serving global accrediting body for business schools, and the largest business education network connecting students, educators and businesses worldwide.” It was founded in 1916.

“AACSB congratulates each institution on their achievement,” said Stephanie M. Bryant, executive vice president and chief accreditation officer of AACSB. “Every AACSB-accredited school has demonstrated a focus on excellence in all areas, including teaching, research, curricula development and student learning. The intense peer-review process exemplifies their commitment to quality business education.”

NMU is one of 40 schools whose accreditation in business was extended, according to the Jan. 23 AACSB International press release.