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 ID: 756886
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Slide1
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, 2017Slide2
Our mission, togetherSlide3
AGENDA
AACSB Accreditation Update
Trends in Lifelong Learning
Business Advisory Council Questionnaire DiscussionSlide4
AACSB Accreditation Update
Trends in Initial Accreditation and Continuous Improvement Reviews
Accounting Accreditation Task Force UpdateSlide5
Accreditation Outcomes2016-17
Initial Accreditation
30 new business accredited, 3 deferrals
Americas: 7
Asia-Pacific: 12
Europe, Middle East and Africa: 11
1 new accounting accredited271 schools currently in initial accreditation process*Americas: 62Asia-Pacific: 99Europe, Middle East & Africa: 1105* Source: AACSB data and analysis as of 08/31/2017Slide6
Continuous Improvement Reviews - Business
CIR2 Outcomes 2011-17
6Slide7
Continuous Improvement Reviews – Accounting
CIR2 Outcomes 2011-17
7Slide8
All Faculty By Subcomponents
8
2013-14 (n=573)
SP
IP
PA
SA
Percentage
4.68%
10.33%
7.10%
77.90%
Number of Faculty
1367
3021
2075
22776
2016-17 (n=616)
SP
IP
PA
SA
Percentage
5.13%
11.98%
6.67%
76.22%
Number of Faculty
1822
4257
2368
27080Slide9
Accounting Faculty By Subcomponents
9
2013-14 (n=573)
SP
IP
PA
SA
Percentage
5.22%
15.86%
6.14%
72.78%
Number of Faculty
250
759
294
3484
2016-17 (n=616)
SP
IP
PA
SA
Percentage
5.82%
17.78%
5.47%
70.93%
Number of Faculty
337
1030
317
4108Slide10
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
.Slide11
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 engagementStandards should be more principles based and outcomes focused eliminating duplication with business standardsStreamlined report referencing business standards9 Standards reduced to 6 StandardsStandards 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.Slide12
Accounting Accreditation Task Force Timeline
September
2017
Reported to
the AACSB Board of
Directors
October 2017First exposure draft of standards & processesFebruary 2018Second exposure draft of standards & processesApril 2018Accounting Accreditation Council to vote on proposed standards2018-19Begin implementation of Accounting standards and processesSlide13
Discussion/Q&A Accreditation
13Slide14
Trends in Business & Society
What’s Coming?
14Slide15
The Impact of AutomationThe New Normal
15
99
%
.03%
Tax Preparers
Mental Health WorkersSlide16
The Impact of AutomationThe New Normal
16
5
%
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 2017Slide17
Future WorkforceAgile & Adaptable
17
Source: Ellen Glazerman,
Developing the professional of the future
“Anywhere, Anytime” WorkforceSlide18
UN Population Projections (in thousands)
18
Age 15-24:
4.13% Growth
Age 25-59:
10.48% Growth
Age 15-24: -2.01% GrowthAge 25-59: 2.33% GrowthWorldNorthern America*Source: United Nations DESA / Population Division
*US -1.61% and
2.49%Slide19
Population Forecasts
19
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
Countries With Greatest Percent
Projected Growth, Age 15-24
(min. projected population of 20 million)
Countries With Greatest Percent
Projected Decline, Age 15-24
-28%
Republic of Korea
-17%
Poland
-14%
Malaysia
-13%
Vietnam
-13%
Germany
-12%
Thailand
-12%
China
-12%
Ukraine
-10%
Brazil
-9%
Uzbekistan
(min. projected population of 20 million)
Source: United Nations DESA / Population Division Slide20
Trends in Business Education
What’s next for business schools?
20Slide21
Strengths
Weaknesses
Opportunities
Threats
Business School Trends Identified in Visioning Process – SWOT StyleSlide22Slide23
Lifelong Learning: Business and Leadership Education
23Slide24
The Education “T”
24Slide25
Stackable Qualifications
25Slide26
AACSB Accredited Enrollment Distribution – 2015-16Slide27
AACSB Accredited Enrollment GrowthSlide28
Specialty Certification Comparison
20% Growth 2011 to 2016Slide29
Implications
29Slide30
Discussion/Q&A Trends
30Slide31
Business Advisory Council Questionnaire Discussion
31