Not all MBA and MS degrees are equal and online graduate business education is no exception. You need to do your homework and decide how you want to invest in your future. If you are considering online degree programs, I have two questions every prospective student should ask when considering an online MBA or MS degree.
1. Is the Business School AACSB accredited? This is the largest difference between all of the online schools offering virtual degrees (University of Phoenix and Devry) and those that are given by established 'bricks and mortar' institutions such as Indiana University and Duke University. Only about 30% of business schools are AACSB accredited and even fewer of that 30% offer an online MBA or MS degree program. AACSB accredited schools also require the GMAT.
2. Who is doing the teaching online? I get this question from a number of prospective students and I encourage you to ask this question to any online business degree program you are considering. Who is teaching? Having courses taught by the same faculty who teach in the business school's residential program is essential to a high-caliber and rigorous degree program and more attractive to top companies and executive recruiters.
Remember, you are investing in your future! Choose wisely!