Given an online MBA – A study of accreditation and awards for 10 programs

Introduction

It should come as no surprise that the Master of Business Administration (MBA) is sought by many business professionals. And for good reason. Earning an MBA can potentially lead to more responsibility and more income. On the basis of surveys of the Graduate Management Admissions Council, MBA graduates enjoy a salary increase of 41 percent on average after receiving the degree, which carried. However, it should be pointed out that additional factors, such asas job function, industry, location and professional experience also a strong influence on wage increases gained when combined with an MBA degree.

Popularity

According to the National Center for Education Statistics majors include business is the second largest academic discipline for graduate degrees to education majors. During a 25-year period spanning 1980 to 2005, business-related graduate degrees increased by 114 percent. BusinessWeek In August 2007 an article whichPublication noted that over two thirds of the existing part-time MBA programs reported greater use of domestic students as filings in 2006.

B-School Accreditation

First, an understanding of the business school (B-School) Accreditation may prove to be useful in better assessing the quality of a college or university's business curriculum. Business schools are usually accredited by three organizations: The Association to Advance Collegiate Schools of Business (AACSB),Association of Collegiate Business Schools and Programs (ACBSP) and the International Assembly for Collegiate Business Education (IACBE). U.S. institutions must also regional accreditation.

AACSB, founded in 1916, is the oldest and largest such authorization agency. The most reputed B-schools in the United States – Harvard, MIT, the University of Chicago, and all flagship state universities – to hold AACSB accreditation. Collegiate church of 551 B-schools in the aboveAACSB-accredited list, 94 outside the U.S. AACSB accreditation is widely treated in academic circles as the gold standard for the B-school approval.

ACBSP began operations in 1988 as an alternative to the AACSB. Of the 403 member institutions have been permitted 297th Remarkably schools with ACBSP Accreditation are the Kent State University, Norwich University, Troy University and the University of Toledo.

IACBE, having formed inIn 1997, the latest addition to the list of B-school units for approval. The organization claims more than 200 national and international members. In addition to locally-known institutions, perhaps the best known member of the newly independent IACBE University of Maryland University College (UMUC). UMUC was begun in 1947 in order to provide an extension of AACSB-accredited University of Maryland.

Shopping Online for an MBA program

When usingcorrectly, the Internet search engines can function as an effective tool when shopping for an online MBA program. However, prospective students are urged to be cautious. In addition to numerous offers from a variety of colleges, many non-accredited schools also appear in search results. The key is to determine whether a selected MBA program an efficient return on investment could deliver (ROI).

Ten Online MBA Programs – A Comparison

A survey was conducted of student fees for ten online MBA programs listed. The programs are divided into two groups. For this rising tuition fees or general management MBA concentrations are based.

Group I includes American InterContinental University, Capella University, Kaplan University, University of Phoenix and Walden University.

Group II University Clarion University of Pennsylvania Mississippi State University, Morehead State> University of Kentucky, University of South Dakota, and Western Kentucky University.

Group I – The first five MBA programs are strongly influenced by advertising for nonprofit schools and often appear in Google or Yahoo search results.

American InterContinental University (AIU)

Regional Accreditation: Yes. Professional B-school Accreditation: None. Hours needed: 48 hours credit. Cost per credit hour: $ 645.33. Total cost of training costs are based on the current Price: $ 30,975.

– Capella University

Regional Accreditation: Yes. Professional B-school Accreditation: ACBSP. Hours needed: 48 hours credit. Cost per credit hour: $ 605th Total cost of training costs are based on the current prices: $ 29,040.

– Kaplan University

Regional Accreditation: Yes. Professional B-school Accreditation: None. Hours needed: 52 hours quarter credit. Cost per credit hour: $ 395 Total cost of training costs are based on the current prices: $ 20,540.

–> University of Phoenix

Regional Accreditation: Yes. Professional B-school Accreditation: ACBSP. Hours needed: 39 hours credit. Cost per credit hour: $ 612th Total cost of training costs are based on the current prices: $ 23,868.

– Walden University

Regional Accreditation: Yes. Professional B-school Accreditation: None. Hours required: 36 hours per week. Cost per credit hour: $ 685, includes textbooks. Total cost of training costs are based on the current prices: $ 24,660.

Group II — will next five online MBA programs are offered by public universities, and included for comparison. When comparing the degree of options, it is important to refer to the cost of training and accreditation.

– Clarion University of Pennsylvania

Regional Accreditation: Yes. Professional B-school Accreditation: AACSB. Hours required: 33 hours per week. Cost per credit hour: $ 402 in-state / $ 416 out-of-state. Total cost of training costs are based on the current prices: $ 13,728.

– Mississippi State> University

Regional Accreditation: Yes. Professional B-school Accreditation: AACSB. Hours required: 30 hours per week. Cost per credit hour: $ 473 in-state and out-of-state. Total cost of training costs are based on the current prices: $ 14,190.

– Morehead State University (Kentucky)

Regional Accreditation: Yes. Professional B-school Accreditation: AACSB. Hours required: 36 hours per week. Cost per credit hour: $ 355 in-state and out-of-state. Total training costs calculated on the basisPresent Rates: $ 12,780.

University of South Dakota

Regional Accreditation: Yes. Professional B-school Accreditation: AACSB. Hours required: 33 hours per week. Cost per credit hour: $ 269.35 in-state and out-of-state. Total cost of training costs are based on the current price: $ 8889th

– Western Kentucky University

Regional Accreditation: Yes. Professional B-school Accreditation: AACSB. Hours required: 30 hours per week. Cost per credit hour: $ 421 in-state andOut-of-state. Total cost of training costs are based on the current prices: $ 12,630.

Plan Information as of 17 September 2007. The data collected by the respective homepages of the universities.

Conclusion

As shown above, accreditation and cost differences between the programs are dramatic in some cases. For example, costs the most expensive program in group II (Mississippi State) $ 6,000 less than the least expensive program (Kaplan) in Group I. American InterContinentalUniversity's online MBA is $ 30,000, almost 3 1 / 2 times more expensive than a similar online offerings by the University of South Dakota, which goes for about $ 8900th Not one of the more expensive online MBA programs in Group I is AACSB accreditation.

Prospective students are strongly advised to do as much research as possible before you run a program. A few hours are spent in order, critically analyze different schools and can potentially save thousands of questionsDollars.

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