AACSB International round-table discussion took place at RANEPA
On the 20th of October, a round-table discussion featuring members of the Association to Advance Collegiate Schools of Business (AACSB) International took place at RANEPA. The Academy welcomed Timothy S. Mescon, Vice-President of AACSB and executive director of the Association responsible for Europe, the Middle East and Africa.
The meeting was opened by Sergey Myasoyedov, RANEPA vice president, director of Institute of Business Studies at RANEPA, and president of the Russian Association of Business Education. Representatives of RANEPA departments implementing business educational programs (Department of Finance and Banking, Institute of Business Studies, Graduate
School of Corporate Management, Institute of Sectoral Management) attended the meeting as well. Moreover, heads of other Russian business schools that are also members in AACSB attended the event (Moscow International Higher Business School, Moscow Business School).
Today, there are only five business schools in Russia that are members in AACSB, though none are currently accredited by Association. Making his statement about the history of the Association and its distinctive features, Timothy Mescon pointed out that he was very glad to visit Russia where he could see vast potential for cooperation. “We need to hold more conferences and seminars here. Your great commitment is tangible. By now there are only five business schools in Russia that are members in AACSB but it is just the beginning.”
AACSB was established in 1916 to facilitate the development of business education and ensure quality through an extremely efficient and rigorous accreditation process. The Association is headquartered in Florida, USA, with its European office in Amsterdam and its Asian office located in Singapore. In total there are 1431 business schools in 91 countries are members of AACSB. Of those members, 739 schools in 50 countries have achieved accreditation.
AACSB’s accreditation process generally takes from 2 to 7 years. The main advantage of AACSB is that institutions do not need to send all necessary documents by post, but, instead, can upload them in a personal online ‘cabinet’. This both simplifies and expedites the interaction process and makes it transparent. The Association possesses an extensive database on world business schools, which has helped many members of AACSB find partner organizations in foreign countries and students managed to obtain joint degree.
According to Sergey Myasoyedov, business education is getting more and more specialized. “University educational programs–also known as “general education”–will be out of demand soon. People are eager to learn about specific issues, they want to get specific knowledge and skills. Our priority is to grasp market trends in time and provide our students with the latest developments in business education” – said RANEPA vice president.
Membership in international associations such as AACSB serves as a powerful incentive to constantly innovate and develop relevant, high quality business education programs at RANEPA. Currently 3 business schools are ready to initiate the accreditation issuing process with AACSB (Department of Finance and Banking, Institute of Business Studies,Graduate School of Corporate Management).