Mella McEwen Midland Reporter-Telegram
ODESSA — The School of Business of the University of Texas of the Permian Basin has earned reaccreditation from the Association to Advance Collegiate Schools of Business, school officials announced Thursday.
Jack Ladd, Dean of the School of Business, pointed out that less than 5 percent of schools of business worldwide have earned this accreditation. UTPB received accreditation in 2005 and is re-evaluated every five years.
“We’re really excited to achieve this important benchmark of excellence,” he said. “Most schools of business, the overwhelming majority, have not achieved this level of excellence.”
“The accreditation is about students and telling them the program they are in is of national and international quality,” commented Dr. David Watts, UTPB president. “The education they’re getting meets the highest possible standards.”
“It’s very important for students and their parents to know that while UTPB is one of the least expensive schools, it is also one that does not lack for excellence,” Ladd said.
Frank Deadrick, chairman of UTPB’s Development Board, said having the School of Business reaccredited is important because it signifies the school “is one of the best business schools in the state, in the country.”
Midlander Jim Woodcock, a member of the Development Board, said the reaccreditation “means a lot to Midland because it brings our communities together. We’ve seen phenomenal growth here at UTPB.”
Mark Nicholas, president of Nicholas Consulting Group in Midland, added that “we have UTPB graduates at our company. What’s neat about the accreditation is it shows how good the program is. People think they have to leave to get a good degree; this shows they can stay here and get a good degree locally at a lot lower cost.”
Ladd said the accreditation means employers can hire UTPB graduates “with confidence.” He estimated that 85 percent of the graduates from UTPB’s School of Business remain in the area to work.
“There are a number of people I’m proud that have come from the School of Business,” he said, citing Christina Hagan, executive vice president and chief financial officer at Dawson Geophysical and Tammy McComic, executive vice president and chief financial officer at Mexco Energy. Both women are accounting graduates, he said.
Noting the importance of the energy industry to the Permian Basin economy, Ladd said that is why the school has added energy tracks in its management and its finance programs. “We need to support the industry which is the backbone of the area,” he said.
Mella McEwen can be reached at email@example.com.