What kind of person will benefit from something like an AACSB online MBA degree? If you are pursuing a teaching career at a business school, then definitely, you may consider an AACSB-accredited business degree. If you want to work for a company, this degree will only be beneficial if you are fighting for the executive position.
In the United States, there is a company that publicly announced that their tuition assistance program will no longer be covering all schools but only those that have the AACSB accreditation. This is regardless of whether the degree is earned online or on-campus. In the business environment, the best opportunities are reserved for people who have MBAs that come with AACSB accredited institutions.
What you have here is the abbreviated version of the Association to Advance Collegiate Schools of Business International. This organization is a voluntary, private accrediting agency, overseeing the standardization of business and accounting schools nationwide. This accrediting body has been around for decades continually watching over business schools.
When it comes to this accrediting body, they have actually given their seal of approval to a number of Ivy League business institutions. Popular universities such as Stanford University, Duke University and Yale University all operate with AACSB accreditation for their MBA degree program. Of these, the Duke University offers an AACSB online MBA degree program.
Something that you really should know is that schools do not need to be accredited by the AACSB for them to legally offer all kinds of MBA programs. About seventy percent of the schools and programs that have received the seal of approval of the AACSB has failed to comply with the agency's regulations according to a recent study. A seal of approval from the AACSB is shared by about 30% of all institutions offering MBA programs even if an accredited course is something that will open excellent opportunities for the individual upon graduation.
An accreditation from the AACSB is not the only bearing for schools when it comes to something like educational quality. For institutions that do not follow the standards of the AACSB, a lot of them are actually providing students with better study programs. Since universities deal with students that are a bit older at times, they need flexibility in their program design and this is only achievable if they are not bound by the standards of the AACSB.
When it comes to an AACSB online MBA, this is something that can be pricier than the conventional MBA and this is why the latter is preferred by many. The average cost when you get an AACSB online MBA is about thirty thousand dollars. Without the seal of approval of the AACSB, expect to pay 23000 for an MBA.
You can save as much as ten grand by not going for the AACSB accredited course. If you are on a tight budget, you may skip AACSB accreditation on your distance MBA to save. If you do not want any hassles when applying for an MBA, choose the regular programs.
What makes the AACSB approved MBA better? Besides having an undergraduate GPA that is above average, it is also mandatory that you pass the Graduate Management Admissions Test. Accredited programs demand higher admission standards making the programs farfetched for average students.
To sum up everything, there are several reasons to consider an AACSB online MBA degree. If you are eyeing a competitive job position, you should seriously consider this degree and if you are confident in what you know, the GRE or GMAT requirements should not bother you one bit. Also, you might get it if academic prestige matters most to you or you have a corporate tuition plan that only pays for an AACSB-accredited school.
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