Sunday, February 5, 2012

Rising Costs of AACSB Online MBA Programs

In the case of an AACSB online MBA degree, who needs this form of education? If you are pursuing a teaching career at a business school, then definitely, you may consider an AACSB-accredited business degree. But outside the academe, this particular accreditation is less critical, unless you desire to compete at the management/executive level.

Just recently, the Intel Corporation publicly announced that their corporate tuition assistance program would only reimburse for MBA degrees completed at AACSB accredited schools. This is regardless of whether the degree is earned online or on-campus. If your MBA has been completed in a school that has been certified by the AACSB, expect numerous working opportunities upon graduation.

When it comes to these five letters, you will be dealing with 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. What you have here is the watchdog of many business schools and they have been operating since the early 1900s.

A number of Ivy League business institutions have obtained a seal of approval from the AACSB which has been consistent in this field. 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. More than fifty percent of accredited programs are not working within the standards set by the AACSB according to a recently conducted study on the matter. There are so many things in store for those who manage to complete an AACSB accredited MBA degree but even if this is so, there is a limited number of institutions that have this particular form of accreditation.

An accreditation from the AACSB is not the only bearing for schools when it comes to something like educational quality. There are times when universities that do not have the AACSB's accreditation offer even better programs for their students. 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.

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. The average cost when you get an AACSB online MBA is about thirty thousand dollars. If the MBA only has a standard certificate, it will cost about ten thousand dollars less.

You can save as much as ten grand by not going for the AACSB accredited course. If you want to save on your MBA, see to it that you forego the AACSB accredited program. If your MBA has been certified by the AACSB, expect more complications during the application process.

What makes the AACSB approved MBA better? It is because most schools require the Graduate Management Admissions Test (GMAT) for admission, not to mention a higher undergraduate GPA. Accredited programs demand higher admission standards making the programs farfetched for average students.

Do not be discouraged because of the higher admission standards that come with an AACSB online MBA degree since there are a ton of benefits that you can expect from it as well. 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. 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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