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Maine Business School awarded reaccreditation

February 23, 2016
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ORONO The Maine Business School at the University of Maine has earned an accreditation extension by the world's most prestigious international accrediting institution for business programs, the Association to Advance Collegiate Schools of Business (AACSB).

Only about 5 percent of the world's more than 15,000 business schools are accredited by AACSB International.

The renewed five-year accreditation verifies that the school conforms to the highest standards for innovation, engagement and impact, says Ivan Manev, dean of the Maine Business School.

'It takes a great deal of commitment and determination to earn and maintain AACSB accreditation,' says Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. 'Business schools must not only meet specific standards of excellence, but their deans, faculty and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students.'

The Maine Business School is ranked by U.S. News and World Report among the nation's best and has been fully accredited by AACSB International since 1974. It is one of two institutions in the state that has the accreditation.

'This renewed accreditation is a seal of approval for the high quality of our programs. It recognizes the accomplishments of our faculty and their commitment to excellence in teaching, research and service,' Manev says.

The school offers undergraduate majors in accounting, finance, management and marketing, plus concentrations in entrepreneurship, international business and management information systems. At the graduate level, it offers the MBA degree, which is now available entirely online. Students also can choose to attend traditional classes that are taught live.

Maine Business School enrollment has increased 42 percent in the past four years. This year marks the third year of record enrollment.

Founded in 1916, AACSB International is the longest serving global accrediting body for business schools. More about AACSB International accreditation is online.

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