In the sea of online colleges, it is important to know what to look for in an accredited online MBA program. Indeed, not all online MBA programs are created equal. The accreditation process ensures students that their school has been reviewed to meet a certain standard of quality. As indicated by aacsb.edu, some of the areas that are reviewed are the “school’s mission, faculty qualifications, and curricula.” Here are some other important factors to consider when looking at accredited online MBA programs.
Does the Association to Advance Collegiate Schools of Business accredit the school?
Only a small amount of online MBA programs are accredited by the AACSB or the Association to Advance Collegiate Schools of Business. This association has been creating and revising accreditation standards for years. In order for a school to become AACSB-accredited, they must go through a rigorous process. According to the AACSB website, “the AACSB Accreditation Standards are used as the basis to evaluate a business school’s mission, operations, faculty qualifications and contributions, programs, and other critical areas.”
Is the school truly accredited?
Some online MBA programs may falsely claim they are accredited. Find out if their accreditation is legitimate by looking at the Diploma Mill Police’s list.
Does the MBA Program require the GMAT for admission?
The GMAT is the Graduate Management Admission Test. According to Choosing an Online MBA Program, “most AACSB schools require the GMAT.” Some will waive the GMAT but only with “an advanced degree or eight years of managerial experience.” The GMAT is simply another indicator of one’s qualifications.
Do units from this school transfer to other schools?
At some point, a student may go to another school or have to transfer. It is important that they go to an accredited school in order for their units to transfer to other colleges. If you do transfer, you want your units to be applied to your new program. This is simply another reason to make sure a school is accredited.
Is the school ranked as one of the best or top MBA programs by The Princeton Review or Business Week?
Create a free account at princetonreview.com and receive access to school profiles and ranking lists. This is a good way to see a list of schools that are highly ranked.
Can I receive financial aid at this school?
Typically, financial aid institutions give aid to accredited schools. Thus, if you need financial aid or want to get a scholarship, make sure the school offers economic assistance.
Is the faculty highly qualified?
Some online schools have access to faculty descriptions. This is a good place to see if the faculty has PhDs, professional experience and field experience in business. Also, is the faculty supportive and available for questions or concerns?
Have others had a good experience at this school?
One of the best ways to learn about a school is by word of mouth. Find out what schools other serious students have attended. In addition, talk to them about the pros and cons of their online MBA program. Most importantly, what job were they able to get with their degree? Ultimately, getting an MBA should advance your career.
Maggie Overfelt Choosing an Online MBA Program bnet.com
Diploma Mill Police geteducated.com