How to Choose an Online MBA Program

Business school sure has its benefits. But how do you go about choosing the right program? Here is our helpful guide on choosing the right online MBA program:

Is it Accredited

Many online programs claim to be accredited or are “accredited” by a made-up organization. Be sure to do proper research on both the school and the accreditation organzition before enrolling in a university.

AACSB International (The Association to Advance Collegiate Schools of Business) accredits 620 schools total and has very strict requirements. Only a few online MBA programs are accredited but those that are will look best to your future employers.

There are many other accreditation organizations and typically schools will only seek accredation in a few. So how do you know which accreidation organzations to trust? The U.S. Department of Education does not accredit MBA programs, however, the Secretary of Education does publish a list of trust-worthy accrediation organzations on the Department of Education’s website.

GMAT Required?

The Graduate Management Admission Test is a test required by many MBA programs. The test is a standardized exam which tests skills in Math and English.

If taking another, harder SAT which costs $250 does not appeal to you, you do not need to feel pressured to take it. Many MBA programs do not require the test. Also, many of the programs which do require the test may not make you take it if you have sufficiant managerial or business experience (typically 8+ years).

Value

Some programs will cost much more than others. Some of those same programs will also give you much more return.

The best thing to do is to find out why you are getting an MBA. That will best determine the program’s value to you.

If you are aiming to get an online MBA so you can get a raise or promotion in your current job, then you may want to aim for higher ranking and, usually, higher costing programs. If you thinking of getting getting an online MBA so you have the knowledge to start your own company, it may be best to choose a less-expensive program so you can have some start-up capital for your company.

It is always best to evaluate your reasons for getting an MBA before choosing your program.

Have any tips or suggestions. Let us know in the comments below.

Further Reading: Online MBA

7 Thoughts on “How to Choose an Online MBA Program”

  1. All business education is going online video now…see sites like http://www.clickok.org ; sure, Harvard and the top Business Schools benefit from brand, network etc, but if you’re not going to one of those then these are good alternatives.

  2. @Jim: Even Harvard and top business schools offer some classes for free online. Of course, you don’t get a degree from them, but the knowledge is still great. Thanks for your resource!

  3. interested to get MBA degree my age is 66 years and passed only std xi in 1963 whether it is possible or not and financially i am very poor. jagdish

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