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To achieve accreditation is an effective way for educational institutions to assess and improve quality of education. Another way to promote continuous quality improvement in education is to use Education Criteria for Performance Excellence. In this paper, AACSB (The Association to Advance Collegiate Schools of Business) Accreditation Standards and Education Criteria for Performance Excellence are introduced and compared through correlation analysis and contrast analysis. Relationship and difference between the two are discovered, and the conclusion that business schools can use Education Criteria for Performance Excellence to meet or exceed AACSB Accreditation Standards, is heuristic for domestic business schools to realize significant benefits.