The AACSB accreditation has been awarded to the university’s Victorian-based campuses as well as to Monash University’s campuses in Malaysia and South Africa.
It is the first time an Australian university has earned AACSB accreditation inclusive of multiple international campuses.
The AACSB is the jewel in the crown of accreditations for the Melbourne-based campuses, adding to recognition by EQUIS (European Quality Improvement System) and AMBA (Association of MBAs), and it places the faculty in the elite company of the business education providers in the world with “triple crown” accreditation.
Monash University Vice-Chancellor Professor Ed Byrne has extended his congratulations to the faculty.
“This achievement is to be commended. A great deal of work went into this, and as we know, accreditation with an organization like AACSB can take years. This is a great day for the faculty and the university as we now look to build on this success,” Professor Byrne said.
Monash University is the only university within the prestigious Group of Eight to have achieved “triple crown” accreditation for its Melbourne-based business and economics faculty.
Dean of the faculty, Professor Colm Kearney said the announcement is a significant achievement.
“AACSB accreditation is a milestone for the faculty and the university. We have worked incredibly hard to achieve this, and we will work equally hard to retain it, because the benefits are much more widely distributed than just our team,” Professor Kearney said, adding that their goal is to be among the best business and economics education providers in Australia and the world.
Monash University Business School is ranked number one in the Asia-Pacific region in a number of their business discipline areas. The “triple crown” accreditation now places Monash among the 60 business schools in the world with such global recognition, which equates to less than one per cent of business schools.
Included in Monash University’s Faculty of Business and Economics are the following departments:
- Accounting and Finance
- Business Law and Taxation
- Econometrics and Business Statistics