In the case of an AACSB online MBA degree, who needs this form of education? It is important for professors in business institutions to hold an AACSB-accredited business degree for their chosen line of work. 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. As long as the MBA program came from the accredited school, they will pay for it. When it comes to the corporate world, there are a lot of opportunities that await those with an AACSB accredited MBA degree.
This kind of accreditation actually comes from the Association to Advance Collegiate Schools of Business International. Aside from business schools, this private agency also reviews and certifies various accounting schools in the country. Since they started working in the 1900s, this agency has continually evaluated business institutions year after year.
Considering their consistency in evaluating schools, the AACSB has given accreditation to a lot of esteemed Ivy League business schools. Popular universities such as Stanford University, Duke University and Yale University all operate with AACSB accreditation for their MBA degree program. One university, Duke, which offers online MBAs too, has received accreditation for these courses.
May the program be in a campus setting or coursed through the Internet, there is no law stating that without an AACSB accreditation, schools cannot offer these degrees. The AACSB has standards for the schools and programs that they certify but based on a recent study, about seventy percent of the institutions that have been accredited are not following the rules. While an AACSB accredited online MBA is the gold standard of distance learning MBA school accreditation, only about 30% of business schools in the US have AACSB accreditation.
As such, AACSB approval is not the absolute assurance of quality education. In fact, many online schools that do not follow AACSB standards may even offer a more comprehensive and innovative program of study. Some schools shun this accreditation because they opt for flexibility in developing more real-life curricula and the capacity to accept an older, more experienced body of adult students.
The thing about an AACSB online MBA is that the accreditation jacks up the costs of studying making a conventional MBA more feasible for most students. Today, the average cost of an AACSB accredited online MBA is about ,000. If the MBA only has a standard certificate, it will cost about ten thousand dollars less.
Choosing a regionally certified course will lead to 10000 in savings. If you are on a tight budget, you may skip AACSB accreditation on your distance MBA to save. With an AACSB accreditation, MBAs will be harder to accomplish too so think about this.
What makes the AACSB approved MBA better? Aside from possessing an undergraduate GPA, applicants must be able to pass something that is known as 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 your chosen career is highly competitive, this is the degree that you should go for and you should not be intimidated by the GMAT or GRE requirements if you know that you are knowledgeable in this field. If you have the funding and if you consider reputation to be an important factor, this is the course for you.
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