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April 18, 2023

SVSU renews elite accreditation for business programs

dark-haired woman in blazer stands among seated college students

Saginaw Valley State University has earned a renewal of its accreditation by AACSB International, the leading accrediting body for collegiate schools of business. The external stamp of approval confirms SVSU’s Carmona College of Business among the top business programs worldwide.

“SVSU business students receive an education that is truly world class, as evidenced by our continued accreditation,” said George Grant Jr., SVSU president. “This also validates the investment of private donors who generously contributed more than $15 million to support construction of a new home for our Carmona College of Business. I would like to compliment all our colleagues who continue to uphold the high standards necessary to maintain this distinction.”

In February 2020, SVSU dedicated a $25.4 million, 38,500-square-foot building addition for the Scott L. Carmona College of Business.

Achieving accreditation is a process of rigorous internal focus, engagement with an AACSB-assigned mentor, and peer-reviewed evaluation. During this multiyear path, schools focus on developing and implementing a plan to align with AACSB’s accreditation standards. These standards require excellence in areas relating to strategic management and innovation; student, faculty, and staff as active participants; learning and teaching; and academic and professional engagement.

“The renewal of AACSB accreditation, the most prestigious accreditation available to business colleges, affirms the exceptional quality of our programs, our curriculum and our faculty,” said Deborah Huntley, SVSU provost and vice president for academic affairs.

“Worldwide, only 6% of universities offering business programs receive this accreditation. I am very proud that our students receive an education that meets the highest professional standards in the world.  I would like to recognize the dedication of all those associated with the Carmona College of Business, and especially Jayati Ghosh for her outstanding leadership as dean.”

SVSU is among 36 business schools worldwide who extended their global accreditation in business in April 2023. SVSU received an extension for 6 years, the maximum granted by AACSB.

“We are pleased to maintain the prestigious AACSB accreditation,” said Jayati Ghosh, dean of SVSU’s Carmona College of Business. “It demonstrates our commitment to excellence in teaching, research, curriculum, and preparing students for successful careers and leadership positions in business. I want to congratulate the faculty, staff, students, advisory board members, and alumni for their commitment to continuous improvement.”  

For more than a century, AACSB accreditation has been synonymous with the highest standards in business education. Today, a total of 981 institutions across 60 countries and territories have earned AACSB accreditation in business.