Baruch College’s Zicklin School of Business Receives Renewed Business and Accounting Accreditation from AACSB International

Success in Building Diverse Student Body, Subotnick Financial Services Center recognized by AACSB as examples of "best practices"

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Baruch College's Zicklin School of Business and its Stan Ross Department of Accountancy have maintained their accreditation with The Association to Advance Collegiate Schools of Business (AACSB) International, a distinction earned by less than 5% of the world’s business schools. The Zicklin School has maintained this prestigious accreditation since 1933; the Stan Ross Department of Accountancy, part of the Zicklin School, has maintained a separate AACSB accreditation since 1984.

The AACSB identified Baruch College’s diverse student body and the Subotnick Financial Services Center as important elements of the Baruch College experience that are worthy of inclusion in the AACSB database of "best practices." Baruch College is one of the most diverse campuses in the country, with students representing 160 countries and speaking more than 100 languages, while the Subotnick Financial Services Center, featuring the Wasserman Trading Floor, offers students a simulated trading center with live price quotes and professional workstations.

"It is extremely gratifying to receive an enthusiastic thumbs-up from the AACSB," said John Elliott, Dean of the Zicklin School of Business, Baruch College "This recognition is one of the highest honors any business school can garner. Most importantly, however, we appreciate the opportunity presented by the accreditation process itself to review every aspect of our school and to
ensure that we are constantly exceeding our own high expectations. Providing a stellar education for our students remains our paramount goal."
Since Baruch College’s last accreditation review in 2005, the Zicklin School has instituted new areas of study and research, and enhanced others, that contributed to the positive response from the AACSB:
• The Department of Real Estate was established in 2006 and developed three degree programs: a BBA in Real Estate, an MBA major in Real Estate and an MS in Real Estate.
• An increased emphasis on entrepreneurship led to the creation of several new courses, including social entrepreneurship; women and minority entrepreneurship; and entrepreneurship law. Additionally, the Management Department will launch an MS in Entrepreneurship in 2010.
• The Field Center for Entrepreneurship formed a research partnership with Babson College to support Global Entrepreneurship Monitor (GEM), the largest and longest-standing globally focused entrepreneurship research project.
• Also new is the MS in Financial Statement Analysis, which is a joint venture between the Departments of Accountancy and Economics/Finance.

Only 579 institutions across 35 countries have earned business accreditation from the AACSB. 170 institutions maintain an additional specialized AACSB accreditation for their accounting programs. To maintain accreditation, a business program must undergo a rigorous internal review every five years and demonstrate its continued commitment to the 21 AACSB standards requiring a high-quality teaching environment, a commitment to continuous improvement and curricula that is responsive to the needs of business.

For more information about Baruch College and the Zicklin School of Business, visit www.baruch.cuny.edu. To learn more about AACSB International accreditation, visit the accreditation section of the AACSB International Web site at www.aacsb.edu/accreditation.

Contact: Jennifer Pauly;
               646-660-6129;
               Jennifer.Pauly@baruch.cuny.edu