IACBE - Costs and Fees

Costs and Fees by Type

> Annual Membership Dues

> Membership Dues for New Members

> Candidacy Costs

> Accreditation Costs

> New Program Accreditation Fee

> Fees for Commissioner Visits

> Mentoring Costs

Annual Membership Dues

Academic business unit and individual membership dues billed in 2011 for the 2012 membership year are $2,350. For accredited members, there is an additional $400 fee for accreditation maintenance. Annual membership dues are payable in advance and must be paid before December 15, 2011, or late fees will be assessed. Honorary members of the IACBE do not pay membership dues.

Note: Annual membership dues for 2013 will be $2,450 in addition to an accreditation maintenance fee of $400 for accredited members. These dues and fees will be billed in mid-May or June 1, 2012, and will be due before December 15, 2012.

Membership Dues for New Members

Annual dues for the 2012 membership year are $2,350. For new members of the IACBE, membership dues for 2012 are prorated according to the date of joining as follows:

January 1 - February 29

$2,350

March 1 - April 30

$1,880

May 1 - June 30

$1,410

July 1 - August 31

$940

September 1 - October 31

$470

November 1 - December 31

Remainder of 2012 Dues Waived

Candidacy Costs

Costs of Candidacy for Institutions in the United States

The costs related to obtaining candidate for accreditation status will vary somewhat depending on the institution’s location. Normally, a one-day candidacy visit is conducted for institutions located in the United States. The costs of the visit include an $800 application fee, a one-day $500 candidacy consulting fee, plus travel, food, and hotel expenses for an IACBE representative conducting the candidacy visit. The table below contains an approximation of the total direct costs of obtaining candidacy status for institutions located in the United States, assuming a one-day candidacy visit.

Item	Amount
Application Fee (must be paid prior to the candidacy visit)	$800
Travel for IACBE Representative	$800
Candidacy Consulting Fee (one day)	$500
Hotel Accommodations and Food for IACBE Representative (one day)	$400
Total	$2,500

Note: These figures are estimates for budgeting purposes. In many cases, actual costs are lower than these estimates. When candidacy visits are scheduled, IACBE headquarters can provide updated information.

Costs of Candidacy for Institutions Outside of the United States

The candidacy costs (especially travel costs) for institutions located outside of the United States will vary somewhat depending on the institution’s location. The institution must pay the cost of the candidacy visit 90 days in advance of the visit. The IACBE will invoice the institution for the estimated costs of the visit. Following the visit, a final accounting will be provided with a final billing or credit. Costs may be paid by credit card or wire transfer. A two-day candidacy visit is conducted for institutions located outside of the United States. The costs of the visit include an $800 application fee, a two-day $1000 candidacy consulting fee, plus travel, food, and hotel expenses for an IACBE representative conducting the candidacy visit. The table below contains an approximation of the total direct costs of obtaining candidate for accreditation status for institutions located outside of the United States.

Item	Amount
Application Fee (must be paid prior to the candidacy visit)	$800
Travel for IACBE Representative	$2,000
Miscellaneous Travel Expenses	$200
Candidacy Consulting Fee (two days)	$1000
Hotel Accommodations and Food for IACBE Representative (two days)	$600
Miscellaneous Expenses	$200
Total	$4,800

Accreditation Costs

Costs of Accreditation for Institutions in the United States

The costs related to obtaining accreditation by the IACBE will vary somewhat depending on the institution’s location and the size of the site-visit team. These costs include a $1600 application fee plus travel, food, and hotel expenses for the site-visit team. Normally a two-person site-visit team is used for institutions located in the United States. These team members are paid an honorarium for their work. The chair of the team is paid $300 per day and the other team member(s) is (are) paid $200 per day. Academic business units are also encouraged to include an IACBE staff member in a consultative capacity as a member of the team. No honorarium is required for the staff consultant. Therefore, the only costs to the institution for this person are travel, food, and hotel expenses. The table below contains an approximation of the total direct costs of IACBE accreditation for institutions in the United States, assuming a 2-person site-visit team and a two-day site visit.

Item	Amount
Application Fee (must be paid prior to the site visit)	$1,600
Travel for Site-Visit Team Members	$1,600
Honoraria for Site-Visit Team Members (two days)	$1,000
Hotel Accommodations and Food for Site-Visit Team Members (two days)	$800
Total	$5,000

Note: These figures are estimates for budgeting purposes. In many cases, actual costs are lower than these estimates. When site visits are scheduled, IACBE headquarters can provide updated information.

Costs of Accreditation for Institutions Outside of the United States

The costs related to obtaining accreditation by the IACBE (especially travel costs) for institutions located outside of the United States will vary somewhat depending on the institution’s location. The institution must pay the cost of the site visit 90 days in advance of the visit. The IACBE will invoice the institution for the estimated costs of the visit. Following the visit, a final accounting will be provided with a final billing or credit. Costs may be paid by credit card or wire transfer. The costs of a site visit include a $1600 application fee plus travel, food, and hotel expenses for the site-visit team. A three-member site-visit team is used for visits to institutions located outside of the United States. This team includes two trained peer reviewers and a consultant from the IACBE staff. Non-IACBE-staff team members receive honoraria totaling $500 per day (the chair is paid $300 per day and the other team member is paid $200 per day). Typically a site visit takes three days. The table below contains an approximation of the total direct costs of IACBE accreditation for institutions located outside of the United States.

Item	Amount
Application Fee (must be paid prior to the site visit)	$1,600
Travel for Site-Visit Team Members	$6,000
Miscellaneous Travel Expenses	$500
Honoraria for Site-Visit Team Members (three days)	$1,500
Hotel Accommodations and Food for Site-Visit Team Members (three days)	$3,000
Miscellaneous Expenses	$500
Total	$13,100

New Program Accreditation Fee

The application fee for the review of new business programs after accreditation has been granted by the Board of Commissioners is $800 per review.

Fees for Commissioner Visits

An administrative fee of $800 will be charged for commissioner follow-up visits and for commissioner visits that are part of new doctoral program accreditation reviews. The total costs of commissioner visits include travel expenses, hotel accommodations, food, and transportation for the commissioner, plus the administrative fee.

Costs of Commissioner Visits for Institutions in the United States

The table below contains an approximation of the total direct costs of a commissioner visit for institutions located in the United States, assuming a one-day visit.

Item	Amount
Administrative Fee	$800
Travel for Commissioner	$800
Hotel Accommodations and Food for Commissioner	$400
Total	$2,000

Note: These figures are estimates for budgeting purposes. In many cases, actual costs are lower than these estimates. When commissioner visits are scheduled, IACBE headquarters can provide updated information.

Costs of Commissioner Visits for Institutions Outside of the United States

The commissioner visit costs (especially travel costs) for institutions located outside of the United States will vary somewhat depending on the institution’s location. The table below contains an approximation of the total direct costs of a commissioner visit for institutions located outside of the United States, assuming a one-day visit.

Item	Amount
Administrative Fee	$800
Travel for Commissioner	$2,000
Hotel Accommodations and Food for Commissioner	$600
Total	$3,400

Mentoring Costs

The costs of mentoring visits include travel expenses, hotel accommodations, food, and transportation for the IACBE mentor, plus a mentoring fee amounting to $500 per day or $250 for half a day (up to 5 hours).

Costs of Mentoring Visits for Institutions in the United States

The table below contains an approximation of the total direct costs of a mentoring visit for institutions located in the United States, assuming a one-day visit.

Item	Amount
Mentoring Fee	$500
Travel for IACBE Mentor	$800
Hotel Accommodations and Food for IACBE Mentor	$400
Total	$1,700

Note: These figures are estimates for budgeting purposes. In many cases, actual costs are lower than these estimates. When mentoring visits are scheduled, IACBE headquarters can provide updated information.

Costs of Mentoring Visits for Institutions Outside of the United States

The mentoring visit costs (especially travel costs) for institutions located outside of the United States will vary somewhat depending on the institution’s location. The table below contains an approximation of the total direct costs of a mentoring visit for institutions located outside of the United States, assuming a one-day visit.