When it comes to an AACSB online MBA degree, who should engage in it? 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.
Just recently, the Intel Corporation publicly announced that their corporate tuition assistance program would only reimburse for MBA degrees completed at AACSB accredited schools. The company will help shoulder your educational expenses even if you opted for an online program. In the business environment, the best opportunities are reserved for people who have MBAs that come with AACSB accredited institutions.
The AACSB is the Association to Advance Collegiate Schools of Business International. Voluntary and private in origin, this particular certifications agency works not only with business institutions but those that delve into accounting as well. What you have here is the watchdog of many business schools and they have been operating since the early 1900s.
Due to their longevity not to mention their consistency, there are tons of Ivy League business schools that have applied for Arcs accreditation. When it comes to schools such as Yale and Duke, the MBA programs provided by these institutions have all been accredited by the AACSB. When it comes to the AACSB, they have even accredited the online MBA course from Duke.
However, one should note that universities do not necessarily need an AACSB accreditation to offer an MBA degree program, be it online or on-campus. According to a national ranking survey for MBAs, majority of regionally accredited online MBA programs (about 70%) do not completely follow AACSB standards. Even if an AACSB accredited online degree is more advantageous than conventional ones, there are only about thirty percent of total schools that have received this kind of certification.
As such, AACSB approval is not the absolute assurance of quality education. There are times when universities that do not have the AACSB's accreditation offer even better programs for their students. Accreditation from the AACSB is sometimes not preferred by several schools and this is because being bound by the regulations prevents them from designing programs that can suit typical students as well as the older, more experienced ones.
There are a lot of people that go for typical MBAs and this is because of the fact that an AACSB online MBA will relatively cost more than the former. Today, the average cost of an AACSB accredited online MBA is about ,000. On the other hand, the average cost of its regionally-accredited counterpart is only ,000.
With these figures, you can save as much as ,000 on your MBA education. If you are working with limited funds, forego the program with the AACSB seal. If your MBA has been certified by the AACSB, expect more complications during the application process.
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.
Even if an AACSB online MBA degree comes with a lot of requirements, there are several reasons why students should opt for this kind of course. Having the confidence in your knowledge and skills makes you a perfect applicant for this kind of program and this will benefit you in the long run if you are someone who is working in a very competitive corporate environment. 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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