This month, Hult secured accreditation from the Association to Advance Collegiate Schools of Business (AACSB) – a 100-year-old benchmark for business school quality held by less than 5% of b-schools worldwide. Now, Hult sits shoulder to shoulder with the established business school elite.
Why does AACSB accreditation matter? “AACSB accreditation is a validation of the quality of the education that we provide,” says Dr. Ian Dougal, Hult’s dean of academic quality.
“We pride ourselves on our innovative attitude toward business education, and AACSB accreditation validates what we have done and what we will do in the future.”
As a relatively young business school, Hult’s recent history has been one of impressive success. In 2003, Hult Boston campus welcomed its inaugural class of MBA students. In 2014, its MBA program was awarded the Association of MBA’s innovation award. And in 2016, Hult was ranked the 17th Best International MBA by Bloomberg.
Now with AACSB accreditation, the positive news is likely to continue. The accreditation means that Hult will be eligible to re-enter the prestigious Financial Times’ global MBA and Executive MBA rankings next year.
The school had been building towards AACSB accreditation ever since the release of new accreditation standards in 2013, emphasizing engagement, innovation, and impact.
“These are three pillars that are very much in sync with Hult’s core values as a global school that emphasizes real-word relevance,” Ian continues.
“AACSB encourages institutions to push the boundaries of traditionally-defined business school models and roles, and set the standard for a new concept of business education,” he says.
“This perspective permeates everything we do at Hult. As a business school, we practice what we preach to our students – to be prepared for the uncertainties of the future, and to mold challenges into opportunities.”
Hult’s pioneering approach is seen throughout the school’s structure and program delivery – a focus on teamwork and practical learning ,with students constantly applying the theories they learn.
On the Hult Business Challenge, MBA, Masters, and Global Executive MBA students engage in real-life consulting projects for real firms. The annual Hult Prize brings the world’s business students together to pitch socially-impactful business ideas and compete for $1 million in funding.
Students can experience six global campuses – in San Francisco, Boston, London, Dubai, Shanghai, and New York City – throughout their time at the school. Hult’s 16,000-strong alumni network extends worldwide.
“Success in any field requires collaboration, and it is no different for business schools. AACSB is incredibly valuable as a vehicle for such collaboration,” Ian continues.
“Ultimately, this benefits everyone at Hult – students, staff, and faculty alike.”