The Morehouse College Department of Economics and Business Administration recently achieved the much-sought-after accreditation of its bachelor's degree in business administration from the American Assembly of Collegiate Schools of Business (AACSB), the premier accreditation and service organization for U.S. business schools.

Approximately 1,200 colleges and universities in the U.S. offer business degrees but only 340 are accredited by AACSB; Morehouse becomes the 23rd undergraduate program and only the eighth historically black college.

Morehouse's accreditation is the culmination of a five-year initiative and much hard work by the department's faculty, students, and staff, which was supported in large part with funding by the W.K. Kellogg Foundation and the KPMG Peat Marwick Foundation, among other donors.

To achieve AACSB accreditation, business programs must satisfy the expectations of a wide range of quality standards relating to the curriculum, faculty resources, admissions, degree requirements, computer facilities, financial resources, and intellectual climate that are all mission-linked.

The process included a visit by a peer review team of business school deans and a corporate representative who commended the Economics and Business Administration (EBA) Department on the complementary missions of the college and the department, an outstanding student body well exposed to the impact of demographic diversity, and strong student advising and mentor programs.