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FGCU College of Business Achieves National "Gold Standard"
4/30/2003

FORT MYERS, FL - Last week, Florida Gulf Coast University’s College of Business earned in record time the world’s highest standard of achievement for business schools - accreditation - from the premier international organization for business schools.

FGCU completed the Association to Advance College Schools of Business International’s candidacy process in only three years. Most schools take five or more years under the current AACSB International standards and process.

“AACSB accreditation for any university’s College of Business - especially for one as young as FGCU’s - is a valued recognition of the very highest standards in programs and practices,” President William C. Merwin said. “We are delighted that the FGCU College of Business has not only met but exceeded the rigorous accreditation criteria in record time, and we congratulate our outstanding students, faculty, staff, and community partners.”

AACSB International says accreditation is the hallmark of excellence in management education. The certification places FGCU in the top 25 percent of about 2,000 business schools in the United States that have achieved accreditation.

“This is a tremendous recognition of the quality of our academic programs, faculty, staff and students,” dean of the College of Business Richard Pegnetter said. “Our students are already adding value to the Southwest Florida economy and competing very effectively with the graduates of national business schools.”

In addition, AACSB International commended the FGCU College of Business for its pervasive, contagious entrepreneurial spirit and community partnerships.

“Our successful partnership with the area business community and our international program model are becoming nationally known,” Pegnetter said.

The College’s Center for Leadership & Innovation was especially recognized for playing an outstanding role in developing partnerships with the regional business community. The College of Business was also noted as having an exemplary accreditation database system.

In higher education, accreditation is a voluntary, non-governmental review of educational institutions and programs by specialized agencies, such as AACSB International, which grants accreditation for undergraduate and graduate business administration and accounting programs.

AACSB International says accreditation provides stakeholders assurance that business schools will guide educational delivery by a carefully constructed mission, select and support students to produce outstanding graduates, deliver degree programs with qualified faculty, structure learning through relevant curricula, and contribute to knowledge through research and scholarship. AACSB International was founded in 1916 and began accrediting in 1919.

The FGCU College of Business serves 1,300 undergraduate and graduate students, offering bachelor’s degrees in accounting, computer information systems, computer science, finance, management and marketing. Graduate degrees include Master of Business Administration, Executive MBA, and programs in accounting and taxation, and computer information systems. FGCU’s future engineering programs will be housed in the College of Business.


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