New England College of Business and Finance
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Former names
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New England College of Finance American Banking Institute /New England College of Business and Finance |
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Motto in English
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"Integrity. Knowledge. Leadership" |
| Type | Private university |
| Established | 1909 |
| President | Howard Horton |
| Location | Boston, Massachusetts, United States |
| Campus | Online |
| Website | www.necb.edu |
New England College of Business (or NECB) is a private, for-profit online college located in Boston, Massachusetts. Founded in 1909, NECB grants associate’s, undergraduate and graduate degrees in Business, Digital Marketing and International Business. All courses are delivered via a distance learning platform. The school is accredited by the New England Association of Schools and Colleges (NEASC).
NECB was founded as the American Banking Institute (ABI) in 1909, the institute was later incorporated by the Commonwealth of Massachusetts in 1914.
ABI received their degree-granting authority in 1979 from the Board of Regents of Higher Education in Massachusetts to offer an associate degree in business administration. In 1985, ABI received full college accreditation from the New England Association of Schools and College – the only bank sponsored educational institution in America to become accredited as a degree-granting college. In 1988, the member banks associated with ABI expanded throughout New England and later voted to change the name to the New England Banking Institute.
Following the adoption of the name The New England Banking Institute (NEBI), NEBI received official licensure from the state of Connecticut Department of Higher Education in 1990. Connecticut was the first state outside of Massachusetts to recognize Boston-based NEBI as a degree-granting college. Rhode Island approved NEBI in 1993, while New Hampshire recognized the college in 1997. In 1998, The New England Banking Institute changed names to New England College of Finance.
In 2002, NECF selected the Alfred P. Sloan Foundation as a partner to deliver their degree programs online. The first online degree programs were delivered through NECFOnline.
In 2004, UC Berkeley adopted NECF’s finance curriculum to include in their post-baccalaureate level online certificate program for college graduates in banking and investment management sectors. The “Accelerated Program in Financial Services” was launched in April 2004. UC Berkeley credits were transferred into master’s programs at prominent NECF partner colleges.
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