Lagos Business School (LBS) Bags Global Accreditation

The Lagos Business School (LBS) has finally achieved international accreditation from the Advanced Collegiate Schools of Business (AACSB), the school which was founded twenty five years ago and has been committed to world class standard of teaching, learning, research, academic and professional management; measures up with few business schools that can boast of such international mandate in the globe.

Lagos Business School (LBS) Faculty and Strategy Expert, Chris Ogbechie while addressing press on Friday in Lagos made it known that Lagos Business School has become the first institution in West Africa to be accredited by the Association to Advance Collegiate Schools of Business (AACSB). With effect from December 1, 2016, LBS joins the league of less than 5% of business schools globally, to be accredited by this body.

AACSB is the leading global accreditation body schools offering undergraduate, masters and doctorate degrees in business and accounting. Founded in 1916, AACSB has its headquarters at Tampa, Florida, United States of America, it is the largest business education network, linking students, academia and business education around the world.

By the feat of AACSB Accreditation, Lagos Business School has once more distinguished itself as a management education provider of high repute in Africa. Only four other schools in the entire continent have this accreditation, three in South Africa and one in Egypt.

Schools that are also accredited in the world by AACSB include: Harvard University -Harvard Business School (United States-Massachusetts), IMD (Switzerland), Imperial College London- Imperial College Business School (United Kingdom-England), University of Cape Town – Graduating School of Business (South Africa-Cape Town), IESE Business School (Spain), Yale University-Yale School of Management (United States-Connecticut).

According to Ogbechie, the accreditation process is designed to validate business schools that are committed to global standards of excellence in strategic management and innovation, student experience, and quality of both teaching and non teaching staff.

The AACSB International accreditation, among other benefits, accords students of accredited schools the opportunity to participate in international student exchange programmes with other accredited schools. It also increases students` competitiveness in the domestic and international labour markets, helping them get recognized worldwide by top employers and other universities.

In addition, the accreditation provides faculty members of these schools with opportunities for in-depth research and global recognition. Faculty and staff of accredited schools are assured of the school`s visibility and increased capacity to attract top quality students for their programmes. Alumni of accredited schools can be proud of their alma maters` global visibility and recognition – a validation of the quality of their certificates.