Online MBA Distance Education Degree Programs
Searching for the perfect Online MBA Distance Education Degree Program?
The Master of Business Administration is a degree that is gaining popularity and employer preference as the workplace becomes more dynamic and business-oriented. It is a degree that takes in students with a variety of academic backgrounds, from science to liberal arts majors, and as such each MBA is different based on the institution at which it is offered and your personal educational background.
About MBA Distance Education Degrees
A distance education MBA degree program usually takes two years to complete, after the student has obtained a Bachelor’s degree. There is a basic two-year program, which accepts students who have a Bachelor’s degree as well as some prior work experience, and often is tailored for a particular field within business administration. There is also an accelerated program, which is structured so that students take longer, more intense courses with fewer vacations and weeks between semesters, in order to accelerate graduation.
There is also a Part-time MBA option, which typically takes 3 or 4 years to complete. This option offers evening and weekend course that are scheduled around the typical work day so that students may also be employed during their schooling. Finally, there is the Executive MBA, or EMBA, program. This is tailored for students who are executive or high-level employees in an organization to earn their MBA degree while maintaining their career status. It is usually geared towards students with 10 or more years of work experience.
Most of the MBA programs have a distance education option. This can come in a variety of formats, including correspondence courses, video and other multimedia lessons/classes, and offline or online computer courses.
MBA Distance Education Accreditation – Is it AACSB or IACBE accredited?
Regardless of whether or not your degree is an MBA distance education degree or an in-class degree, you want to make sure that it is fully accredited. Any school that you plan to attend should be accredited, but this particular program must also be approved by the governing body for business administration. There are two world-wide MBA accreditation institutions, The Association to Advance Collegiate Schools of Business (AACSB) and the International Assembly for Collegiate Business Education (IACBE). The United States has 6 regional bodies that will also review the MBA at an institution. This form of accreditation is extremely important, because students will be assured that the program meets independent quality assurance standards.
MBA Distance Education Degree Program Tuition
Tuition for an MBA program varies greatly between institutions. Universities and colleges that rank near the top of the world in terms of the quality of their graduates, such as Harvard, Yale or Wharton, will charge upwards of $150,000 or more for their two-year program. The more mid-level schools will usually charge about $20,000 to $40,000 per year, and the online degrees can be found for as low as $20,000 for the entire two-year program.
Application process for MBA Distance Education Program
To get accepted into an MBA Distance Education Program, students must prove several educational and work-related skills. Although admissions criteria vary with institutions, nearly all of them require the Graduate Management Admission Test (GMAT) to be taken. The grade that a students gets on his or her GMAT will be a part of the institution’s decision to accept or deny their application. As well, a student’s work experience, academic transcripts, essays, reference, community service and entrance interview may all be assessed for admissions. Because of the wide range of backgrounds that the students come to an MBA with, the admissions criteria change over time and it is important to research your particular situation to find the most accurate information.
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