Posted on Jan 3, 2001

Schenectady,
N.Y. (January 3, 2001) – Union College's Graduate Management Institute has
achieved accreditation of its masters degree program in business administration
by recent action of the Board of Directors of the American Association of
Collegiate Schools of Business (AACSB) – The International Association for
Management Education.

As of
December 2000, there are 398 accredited institutions – 385 in North America
(376 in the U.S., seven in Canada and two in Mexico), seven in Europe, three in
Asia, one in Central America and two in South America.

To achieve
accreditation, the business programs must satisfy the expectations of a wide
range of quality standards relating to curriculum, faculty resources,
admissions, degree requirement, library and computer facilities, financial
resources, and intellectual climate that are all mission-linked. During the
accreditation process, Union College was visited and evaluated by business
school deans with detailed knowledge of management education, applying
accreditation standards that are widely accepted in the educational community.

(more)

AACSB is a
not-for-profit organization consisting of more than 800 educational
organizations. Its mission is excellence in management education in colleges
and universities. Headquartered in St. Louis, Mo., USA, AACSB is the premier
accrediting agency and service organization for business schools.

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For more information, contact William Schwarz at 388-6749.