1. AACSB Accreditation Update and Lifelong Learning Trends
Presented by
Tom Robinson, President and CEO
Michael D. Wiemer, SVP and Chief Officer Americas
Maria Baltar, Senior Director, Accreditation Services
SBAA Annual Meeting
Richmond, VA
November 14, 2017

2. Our mission, together

3. AGENDA AACSB Accreditation Update Trends in Lifelong Learning
Business Advisory Council Questionnaire Discussion

4. AACSB Accreditation Update
Trends in Initial Accreditation and Continuous Improvement Reviews
Accounting Accreditation Task Force Update

5. Accreditation Outcomes 2016-17 Initial Accreditation
30 new business accredited, 3 deferrals
Americas: 7
Asia-Pacific: 12
Europe, Middle East and Africa: 11
1 new accounting accredited
271 schools currently in initial accreditation process*
Americas: 62
Asia-Pacific: 99
Europe, Middle East & Africa: 110
* Source: AACSB data and analysis as of 08/31/2017

6. Continuous Improvement Reviews - Business CIR2 Outcomes 2011-17

7. Continuous Improvement Reviews – Accounting CIR2 Outcomes 2011-17

8. All Faculty By SubcomponentsSP IP PA SA
Percentage
4.68%
10.33%
7.10%
77.90%
Number of Faculty
1367
3021
2075
22776
(n=616)
5.13%
11.98%
6.67%
76.22%
1822
4257
2368
27080

9. Accounting Faculty By SubcomponentsSP IP PA SA
Percentage
5.22%
15.86%
6.14%
72.78%
Number of Faculty
250
759
294
3484
(n=616)
5.82%
17.78%
5.47%
70.93%
337
1030
317
4108

10. Accounting Accreditation Task Force
Task Force Charge: The task force is charged with a undertaking a comprehensive review of accounting accreditation, including standards, processes, structure and priorities.

11. Accounting Accreditation Task Force Recommendations
Increase value by more currency with practice and reduce non-value added costs
More practitioner engagement in all aspects of accreditation
Accounting Accreditation Policy Committee
PRT Visits
Governance Representation
Enhance training of volunteers, especially in consultative engagement
Standards should be more principles based and outcomes focused eliminating duplication with business standards
Streamlined report referencing business standards
9 Standards reduced to 6 Standards
Standards should be flexible enough to accommodate different missions and models.
Faculty composition and deployment needs to be flexible enough to align with mission and strategies.
Intellectual contributions and impact should better align with mission.

12. Accounting Accreditation Task Force Timeline
September 2017
Reported to the AACSB Board of Directors
October 2017
First exposure draft of standards & processes
February 2018
Second exposure draft of standards & processes
April 2018
Accounting Accreditation Council to vote on proposed standards
Begin implementation of Accounting standards and processes

13. Discussion/Q&A Accreditation

14. Trends in Business & Society
What’s Coming?

15. The Impact of Automation The New Normal
99%
.03%
Mental Health Workers
Tax Preparers

16. The Impact of Automation The New Normal5%
60%
of occupations consist of activities that are 100% automatable.
of occupations consist of activities that are at least 30% automatable.
Source: McKinsey Global Institute, A Future That Works: Automation, Employment, and Productivity, January 2017

17. Future Workforce Agile & Adaptable
“Anywhere, Anytime” Workforce
Traditional Workforce
Virtual Workforce
Contingent Workforce
Gig Economy
Digital Workforce
Source: Ellen Glazerman, Developing the professional of the future

18. UN Population Projections (in thousands)
2025
Age 15-24: 1,243,830
Age 25-59:
3,703,359
2015
Age 15-24: 1,194,505
Age 25-59: 3,351,969
World
2025
Age 15-24: 47,893
Age 25-59:
169,928
2015
Age 15-24: 48,876
Age 25-59: 166,056
Northern America*
Age 15-24: 4.13% Growth
Age 25-59: 10.48% Growth
Age 15-24: -2.01% Growth
Age 25-59: 2.33% Growth
*US -1.61% and 2.49%
Source: United Nations DESA / Population Division

19. Population Forecasts Countries With Greatest Percent
Projected Growth, Age 15-24
Countries With Greatest Percent
Projected Decline, Age 15-24
44%
Democratic Republic of the Congo
41%
Uganda
40%
United Republic of Tanzania
36%
Nigeria
34%
Afghanistan
30%
Kenya
28%
Sudan
27%
Iraq
22%
Ethiopia
13%
Egypt
-28%
Republic of Korea
-17%
Poland
-14%
Malaysia
-13%
Vietnam
Germany
-12%
Thailand
China
Ukraine
-10%
Brazil
-9%
Uzbekistan
(min. projected population of 20 million)
(min. projected population of 20 million)
Source: United Nations DESA / Population Division

20. Trends in Business Education
What’s next for business schools?

21. Business School Trends Identified in Visioning Process – SWOT Style
Strengths
Weaknesses
Opportunities
Threats

23. Lifelong Learning: Business and Leadership Education

24. The Education “T”

25. Stackable Qualifications

26. AACSB Accredited Enrollment Distribution – 2015-16

27. AACSB Accredited Enrollment Growth

28. Specialty Certification Comparison
20% Growth 2011 to 2016

29. Implications Location, Location, Location
Lifelong Learning, Lifelong Learning, Lifelong Learning
Be a Hub of Lifelong Learning
With Business Community – Integrated with Corporate T&D
Across Campus
Serving Alumni Networks Through their Career Lifecycle– Revolving Door
An alternative strategy is to focus on one piece of LL – in that case be aware of what else is happening and demonstrate how your focused strategy fits in.
Modular and Stackable Educational Experiences
Top-Off Programs for Specialty Masters or Other Credentials
Cumulative Transcript or Individual Learning Record

30. Discussion/Q&A Trends

31. Business Advisory Council Questionnaire Discussion