Lakehead University’s Faculty of Business Administration granted extension of AACSB accreditation

July 5, 2021 – Thunder Bay and Orillia, Ont.

Lakehead University’s Faculty of Business Administration has had its AACSB accreditation extended for five years and it now includes both the Orillia and Thunder Bay campuses.

The Association to Advance Collegiate Schools of Business peer review team met with faculty, staff, students, and alumni in mid-March to conduct this intense peer-review process. Several aspects of the Faculty of Business of Administration’s degree programs were assessed, including pedagogic strategies, program quality, learning outcomes, and student success.

“I would like to thank all faculty members, staff, students and others who supported these efforts,” said Dr. David Richards, Dean of the Faculty of Business Administration.

Accreditation with AACSB International (AACSB) indicates that students receive a high-quality business education from an institution that values excellence, innovation and continuous improvement.

“AACSB accreditation is an incredible achievement by our Faculty and a recognition of the exceptional experience that students can expect when pursuing a business degree at Lakehead University,” said Dr. David Barnett, Provost and Vice-President (Academic).

For more than a century, AACSB accreditation has been synonymous with the highest standards in business education. Today, a total of 901 institutions across 58 countries and territories have earned AACSB accreditation in business.

“AACSB congratulates each institution on their achievement,” said Stephanie M. Bryant, executive vice-president and chief accreditation officer of AACSB.

“Every AACSB-accredited school has demonstrated a focus on excellence in all areas, including teaching, research, curricula development, and student learning. The intense peer-review process exemplifies their commitment to quality business education.”

For more information on Lakehead University’s accreditation extension, read the AACSB June 28, 2021 Schools Renewing AACSB Accreditation press release here.



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Lakehead University is a fully comprehensive university with approximately 9,700 full-time equivalent students and over 2,000 faculty and staff at two campuses in Orillia and Thunder Bay, Ontario. Lakehead has 10 faculties, including Business Administration, Education, Engineering, Graduate Studies, Health & Behavioural Sciences, Law, Natural Resources Management, the Northern Ontario School of Medicine, Science & Environmental Studies, and Social Sciences & Humanities. Lakehead University’s achievements have been recognized nationally and internationally, including being ranked, once again, among Canada’s Top 10 primarily undergraduate universities in Maclean’s 2021 University Rankings; as well as included in the top half of Times Higher Education's 2020 World Universities Rankings for the second consecutive year, and 99th among 1,115 universities from around the world in THE's 2021 Impact Rankings (which assesses institutions against the United Nations’ 17 Sustainable Development Goals). Visit