NEWS RELEASE: Lubin Maintains Dual AACSB Accreditation, An Elite Distinction Shared by Fewer than 2% of World’s Business Schools
FOR IMMEDIATE RELEASE
Media Contact/Pace Media Relations: Samuella Becker, 212-346-1637 or 917-734-5172, Sbecker2@pace.edu
Pace University’s Lubin School of Business Achieves Prestigious Maintenance of Dual Accreditation
Elite Distinction from AACSB is Shared by Fewer than 2% of World’s 13,000 Business Schools
Is One of Three New York City B-Schools with Dual Accreditation in Business and Accounting
AACSB International lauds Lubin’s strengths: “Student-focused; experience-based learning; financial capital location; small classes; culture of collegiality; strong loyalty and program satisfaction among students and alumni; faculty commitment to students; jobs at graduation – recent placement rates for BBA/MBA program approach 100%.”
NEW YORK, January 18, 2011 – Pace University’s Lubin School of Business has successfully maintained its dual accreditation for another five years from AACSB International, the Association to Advance Collegiate Schools of Business. This accreditation is the hallmark of excellence for management education.
“It is more important than ever to be worldly and highly proficient in the analysis and skills necessary to compete in a fast changing and tumultuous global economy,” said Neil S. Braun, Dean of the Lubin School of Business, who is a former NBC Television Network President and CEO of Viacom Entertainment.
“Being among the very select group of business schools in the world that have earned dual AACSB accreditation,” he added, “is testimony to Lubin’s commitment to excellence in preparing our students for the world into which they will graduate.”
AACSB-accredited business schools have the highest-quality classes, teachers, research, students and programs. Less than two percent of the world’s almost 13,000 business schools have achieved dual business and accounting accreditation from AACSB, and this prestigious endorsement places Lubin in an elite class. According to an AACSB International press release issued January 6, 2011, Lubin is one of 47 schools that have maintained their accreditation in business and one of nine who have maintained their accreditation in accounting this year. Lubin is one of only three New York City business schools with dual AACSB accreditation.
In its recommendation, the AACSB review team lauded the ways Lubin “successfully fulfills the succinctly stated student-centric mission.”
Specificially, the report said: “There is a strong faculty engagement and outreach to prospective employers and a focus on experience-based learning. …. In spite of having multiple campus locations, the faculty and staff have been very proactive in serving the needs of students at both the graduate and undergraduate levels and providing a high level of personal attention. For example, program advisers and career advisers on all campuses work well together to ensure a seamless interface regardless of location. Faculty members take their teaching seriously … Class sizes remain generally between 26 and 29.” The report also cited Lubin’s Assurance of Learning process as “exemplary.”
AACSB International accreditation assures stakeholders that business schools:
- Manage resources to achieve a vibrant and relevant mission.
- Advance business and management knowledge through faculty scholarship.
- Provide high-caliber teaching of quality and current curricula.
- Cultivate meaningful interaction between students and a qualified faculty.
- Produce graduates who have achieved specified learning goals.
“It takes a great deal of commitment and determination to earn AACSB accreditation,” said Jerry Trapnell, executive vice president and chief accreditation officer of AACSB International. “Schools must not only meet specific standards of excellence, but their deans, faculties and staffs must make a commitment to ongoing improvement to ensure that the institution will continue to deliver high quality education to students.”
About The Lubin School of Business at Pace University
Lubin is the second largest private AACSB-accredited business school in New York and the seventh largest private AACSB-accredited business school in the country. Lubin first earned AACSB accreditation in 1996 and the accounting department followed in 2006. Lubin is one of six schools and colleges within Pace University. It offers ten undergraduate majors and 18 graduate degree programs in business. Current enrollment is 2,820 undergraduates and 1,157 graduate students. The school is named for Joseph I. Lubin, an alumnus and benefactor who co-founded the nationwide accounting firm of Eisner Lubin.
Anchored on a strong liberal arts foundation, undergraduate BBA students can major in accounting, finance, marketing, and management, and choose concentrations in entrepreneurship, hospitality and tourism, human resources management, international management, and many others. Lubin’s graduate programs offer a wide range of MBA, EMBA, BBA/MBA, MS, MFP and DPS programs on either a full-time or part-time basis.
Lubin’s mission is to provide its students with exceptional experienced-based learning that blends business theory with practical applications to prepare its graduates for successful professional careers in the global business environment. Lubin has a large and diverse international student population, with 672 students representing 75 countries.
Physical proximity of Pace’s New York campus to Wall Street and of its Westchester campuses to many nearby corporate headquarters facilitates strong corporate partnerships. Pace’s Career Services Program, with 927 students participating annually in internships (almost 700 from the Lubin School), is the largest university co-op program in the New York metropolitan area.
Notable Lubin alumni include Phil Bleser, Managing Director and CEO, Mid-Corporate Banking Group, JPMorgan Chase & Co.; Paul A. Galiano, Senior Managing Director (Co-Acquisitions, Dispositions, Capital Markets, JV Transactions), Tishman Speyer; Mel Karmazin, CEO, Sirius Satellite Radio Inc.; William C. Nelson, Chairman and CEO, Home Box Office; David J. Pecker, Chairman, President and Chief Executive Officer of American Media, Inc; James E. Quinn, President, Tiffany & Co.; Jack Ribeiro, Global Managing Partner, Global Financial Services Industry, Deloitte & Touche USA LLP; Ivan G. Seidenberg, Chairman and CEO, Verizon Communications; Marie J. Toulantis, former CEO, Barnes & Noble.com; and Richard Zannino, Managing Director of CCMP Capital and former CEO, Dow Jones & Company.
About Pace University
For 104 years, Pace University has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, Lienhard School of Nursing, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu
About AACSB International
AACSB International (The Association to Advance Collegiate Schools of Business), founded in 1916, is an association of more than 1,200 educational institutions, businesses and other organizations in 78 countries. AACSB’s mission is to advance quality management education worldwide through accreditation, thought leadership, and value-added services. AACSB accreditation is the mark of quality distinction most widely sought after by business schools—less than 5 percent worldwide have earned the achievement. As the premier accrediting body for institutions offering undergraduate, master’s, and doctorate degrees in business and accounting, the association also conducts a wide array of conferences and seminar programs at locations throughout the world. AACSB’s global headquarters is located in Tampa, Florida, USA and its Asia headquarters is located in Singapore.