116Schools

Within the higher education context, regulations come at both university-wide and sub-unit levels such as that of a particular college. This section considers one of the most revenue-enhancing and usually largest units on a college campus: the college of business. Business schools face regulatory pressures from both external and internal bodies. Externally, most high-quality business schools seek accreditation and reaccreditation from one or multiple accrediting bodies that specialize in business schools including the AACSB (for both the entire business school, and sometimes also the accounting school), the European Foundation for Management Development’s (EFMD) Quality Improvement System (EQUIS), and the Association of MBAs (AMBA). Although some universities pursue “triple crown accreditation” by all three entities, the leader is widely considered to be the AACSB, which has accredited 901 business schools in 58 countries (AACSB, 2021). In practice, many large business schools have at least half of a full-time employee (e.g., 20 hours per week full-time equivalent), usually, a staff member, who gathers and curates the required data, using a variety of published AACSB guidance, presently 55 and 67 pages, respectively, for the standards themselves and then the interpretations of these standards. This same employee might provide data for other reports such as the annual request for rankings such as Businessweek, Entrepreneur/Princeton Review (for entrepreneurship centers and programs), Financial Times, and the Wall Street Reducing Higher Education Bureaucracy and Reclaiming the Entrepreneurial. . .

117Table 2 Market-rate graduate programs in business schools: internal tax variance across Florida’s State Universities Tax paid to central FIU (some FIU (other administration FAU UCF UF programs) programs) On gross tuition 5.50% 11.00% 0.00% 0.00% 9.94% On spending 14.19% 11.00% 13.21% 8.60% 8.60% Cumulative rate 19.69% 22.00% 13.21% 8.60% 18.54% Student fees $68 n/a n/a n/a n/a