The Academic Council is an international advisory body consisting of the following internationally renowned scholars convening annually to review ALBA's performance and discuss strategic issues:
 
Ch. Argyris, James Bryant Conant Professor of Education and Organizational Behavior, Graduate School of Business Administration, Harvard University

P.J. Athanasopoulos, Former Chairman and CEO, Public Power Corporation SA, Professor Emeritus, Department of Banking and Finance, University of Pireaus

D. Jain, Dean, ISEAD (in case cannot attend the meetings, he will be represented by professor Sumitra Dutta, Dean of External Relations)

G.M. Constantinides, Leo Melamed Professor of Finance, Graduate School of Business, University of Chicago

Ch. Delporte, former Rector, Facultes Universitaires Catholique De Mons (FUCaM), Belgium

P.R. Kleindorfer, Universal Furniture Professor of Decision Sciences, Economics and Business and Public Policy, The Wharton School, University of Pennsylvania, USA

A. de Meyer, President, Singapore Management University

J. Saunders, Former Dean, Aston Business School, Aston University

L. Tava, Professor of Quantitative Economics, Director, Quantitative Methods Center, SDA Bocconi

H. Thomas, Distinguished Professor of Strategic Management and Dean of the Lee Kong Chian School of Business at Singapore Management University

R. Winkler, James B. Duke Professor, The Fuqua School of Business, Duke University