Newcastle University’s business school is targeting overseas growth after joining a global elite with a new accreditation.
The school’s recognition by the Association to Advance Collegiate Schools of Business (AACSB) means it is “triple accredited”, having already been given the stamp of approval by the European Quality Improvement System (EQUIS) and the Association of MBAs (AMBA).
Only 1% of business schools worldwide hold the triple crown and Newcastle is one of only 20 to hold such accreditation in the UK.
Prof John Wilson, director of the business school, said the accreditation would boost the university’s reputation around the world, which had knock-on benefits for the wider business community in the city and the region.
He said: “We’re a civic university contributing to regional development. We work with the LEPs, the Chamber of Commerce, the regional CVBI and our director of engagement is involved with a whole series of large and small companies. We see ourselves as part of the North East economic community and when we can contribute to its development, we see that very much as part of our role.
“We’re now part of the global elite of triple accredited business schools and that’s the first thing that international students look for. It’s an enormous feather in our cap. We’re seeing an unprecedented level of demand for business degrees and we’re riding that wave extremely effectively.”
The business school has around 3,000 students split between undergraduates, MBAs and other post-graduate courses. More than half the school’s students come from abroad, with China currently dominating the overseas intake.
But the school has plans to expand its reach into the Latin America, African and North American markets, and will be a major part of new campuses Newcastle University is developing outside the UK.
For the last three years, most of the business school’s operations have been based away from the main university campus on the edge of the Science Central site.
The school will soon be joined by other university departments, while it will also expand into another building on what will be called the St James’ campus by 2017.
Robert D. Reid, executive vice president and chief accreditation officer of AACSB International, said: “With a distinctive emphasis on research and commitment to civic impact, the Newcastle University Business School aims at not just excellence, but ‘Excellence with a Purpose’.
“Director John Wilson and all faculty, directors and staff of the Business School should be recognised for their role in earning this highest standard of achievement worldwide.”