Founded in 1988 as the Association of Collegiate Business Schools and Programs (now Accreditation Council for Business Schools and Programs), ACBSP is a U.S. specialized accrediting body for business education (the second largest in the world) headquartered in Overland Park near Kansas City and is recognized by the Council for Higher Education Accreditation (CHEA) since 2001, the association focuses on quality of student learning.
While AACSB and EFMD accredit institutions, ACBSP accredits business programs at all degree levels: from associate to doctoral degree programs.
Institutions wishing to join the association for membership or accreditation must hold a U.S. regional accreditation. Institutions outside U.S. must be recognized or accredited by the government or be approved by the state to grant degrees. While members pay an annual fee of $1,350, accredited members pay $2,150.
In 2011, ACBSP began to expand internationally by opening a European office in Brussels and two years later in Lima for the Latin America region. Member campuses are represented in 10 regional councils: 7 in U.S., one in Europe and Asia, one in Latin America, one in South Asia.
As of July 2015, 1053 campuses of 656 institutions were accredited by ACBSP. An accreditation is valid for ten years. During this period, the accredited member must send a quality assurance report every two years.