Following the cooperation agreement with the MIT Sloan School of Management in early 2011, Sabancı University took another important step in internationalization: The Sabancı Business School earned the AACSB International Accreditation, the mark of excellence for business schools offering degrees in management. Founded in 1916, AACSB (the Association to Advance Collegiate Schools of Business) International is the longest serving global accrediting body for business schools that offer undergraduate, master's, and doctoral degrees in business and accounting.