New Rochelle, NY (April 4, 2016) — Iona College’s School of Business has maintained its business accreditation by AACSB International — the Association to Advance Collegiate Schools of Business. Founded in 1916, AACSB International is the longest-serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting.
AACSB Accreditation is the hallmark of excellence in business education, and has been earned by less than 5 percent of the world's business programs. Today, there are 755 business schools in 51 countries and territories that maintain AACSB Accreditation.
“It takes a great deal of commitment and determination to earn and maintain AACSB accreditation,” said Robert D. Reid,
executive vice president and chief accreditation officer of AACSB International. “Business schools must not only meet specific standards of excellence, but their deans, faculty, and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students.”
Iona’s Hagan School of Business commits itself to excellence through dedicated teaching, renowned scholarship and committed service, said interim Dean Charles Cante. “In both undergraduate and graduate business education, we provide a blend of business theory and practice, the success of which is evident in the record of achievement of our graduates. The AACSB accreditation is another significant indicator of our success.”
In November of 2015, Iona announced a gift of more than $15 million from alumnus Robert V. LaPenta ’67, ’00H to the Iona Forever Campaign – which has increased since with an additional $2.5 million challenge from Mr. LaPenta. It is the largest gift in the College’s 75-year history, and will support the redesign and transformation of Iona’s School of Business. See more about the original gift and the LaPenta Challenge.
“We are enormously grateful for this transformative gift,” said President Nyre. “It will enable us to construct a facility that advances our vision, sharpens our distinctiveness, increases affordability and strengthens infrastructure.”
The LaPenta gift will transform Hagan Hall, the home of Iona’s business school, with a new structure connecting to the existing building — nearly tripling the space available for students and faculty. It will house state-of-the-art classrooms, case study and meeting spaces, faculty offices, a lecture hall, a business career center and an expanded trading floor classroom. The construction and renovation project will create a facility that fosters the interactive learning environment critical to training 21st-century leaders.
About Iona College: Founded in 1940, Iona College is a private Catholic coeducational institution 20 miles north of Midtown Manhattan with a total enrollment of more than 3,900 students and an alumni base of 40,000-plus around the world. The College is a diverse community of learners and scholars dedicated to academic excellence and the values of justice, peace and service.
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