The National Business Education Accreditation Council (NBEAC) was established by the Higher Education Commission (HEC) in 2007 with the purpose to assure quality in business education degree programs. It is an accreditation body for the Business Schools of chartered HEIs at national level. The accreditation system of NBEAC is market-driven and has international focus. It assesses the characteristics of an institution and its programs against a set of criteria. It signifies that the Institutional performance is based on assessment carried out through an independent peer review process, with strengths and weaknesses emanating a feedback system for evolving evaluation mechanism and policy making.