How Do Online MBA Programs Compare to Programs at Traditional Schools?

By SL Newman, published Apr 18, 2007
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I started my MBA at the same school where I received my undergraduate degree. At the time, I did not feel as if I had a lot of options as far as school choices due to my undergrad GPA. During my undergrad years, I placed more value on life experiences than I did on doing my homework, which resulted in me having a less than stellar GPA.

When I chose to being an MBA program, I did so with the expectation the classes would prove to be challenging. A finance class was one of the first classes I took during my first semester as an MBA student. I eagerly signed up for the class as it was taught by the professor that is purportedly the best finance professor in the entire school. I was eager to soak up everything I possibly could from this class. By the third meeting of the finance class I was no longer under the illusion that I would be soaking up a lot of material, let alone anything of any value at all. It was in this meeting of the class that the professor announced that for the next few meetings of the class that we would be watching the Enron movie. This was the television movie, which incidentally is available for rental at Blockbuster for under $5.00. However, my graduate level MBA finance class was costing me around $800. Upon realizing that I was spending $800 to watch at $5 movie, I knew I needed to look for a new school as this program was not going to be challenging in any manner.

Knowing that my undergrad GPA was bordering on pathetic, I was a loss of where I could transfer into another program. I was a traditional school snob, but felt that the only place I could look was online schools. Online schools seem to have such a stigma about them that I expected to find no real answers in evaluating them.

Takeaways
  • You can finish your MBA quicker online than at a traditional school.
  • Online programs cost at least twice as much usually.
  • Some online programs periodically offer tuition grants.
Did You Know?
Cardean University's online MBA program has classes from the Chicago School of Business, Columbia University and the London School of Economics.
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