What is an AACSB-Accredited Online MBA?
What is an AACSB-Accredited Online MBA?
Perusing the Internet for qualified online degree programs is undoubtedly a bit confusing for those who are new to online courses, online universities, and the accreditation systems that are designed to serve as a testament to a program’s viability and quality. For those individuals pursuing an online MBA, one of the most common acronyms comes in the form of the AACSB. Generally, this can be found alongside programs that tout themselves as AACSB-accredited. It’s a clear statement of quality, though many online degree seekers aren’t aware of just how important this certification can be.
What is the AACSB, and Why is Their Accreditation So Important?
The AACSB is otherwise known as the Association to Advance Collegiate Schools of Business, and it has been around for nearly 100 years. The organization was founded in 1916 as a standards body that sought to unify and standardize virtually every major business program in the United States. To that end, representatives of the organization regularly review the courses, requirements, and outcomes, of major undergraduate and graduate-level business programs from coast to coast.
The AACSB will lend its accreditation to universities who meet its strict guidelines, based largely around instruction and curriculum. Over the course of the past century, the standards body has developed a sterling reputation. Programs with the AACSB seal of approval are generally considered to be among the best in the country, having reached certain high standards in terms of content and conversation.
Should an AACSB-Accredited Program Be Considered Above All Others?
In a word: Yes. The AACSB stamp of approval, while not an official government indicator of success, is nonetheless a key way to determine the validity and marketability of an online degree program. Many online degree seekers will recall stories in the news of alleged online universities that turned out to be nothing more than a scam, depriving their customers of an actual education. A great way to avoid this is to look for the AACSB accreditation logo, which communicates a certain level of trust and integrity during the online degree process.
One important thing to note is that some of today’s biggest employers, like Intel, actually require their employees to get their business education from an AACSB-accredited school in order to be reimbursed for any tuition expenses associated with that education. This is especially applicable to MBA programs, as most companies will gladly reimburse tuition expenses for those who have met their qualifications and standards.
How does AACSB Accreditation Impact Acceptance and Admissions?
The Association to Advance Collegiate Schools of Business is generally a pretty rough accrediting body, and that means that business schools who bear the organization’s logo and certification generally have much higher admissions standards than those schools who do not have the AACSB accreditation seal for their majors and graduate programs. Those applicants who are applying for a program certified by the AACSB generally need to have higher GMAT scores than those who apply for an MBA from a non-AACSB accredited program.
The good news, though is that most people applying for an MBA have dedicated a significant amount of time to their GMAT preparation and test scores, and that means they will likely find a home at one of the many online MBA programs that feature the Association to Advance Collegiate Schools of Business’ seal of approval. With it, they’ll find more informative classes, more rigorous programs, and a better chance at tuition reimbursement and post-degree employment.
When is the AACSB Accreditation Most Important?
First, it’s important to understand that there is never a bad time to seek a school that has been accredited by the AACSB. The certification can only be a good thing. There are some instances, however, when seeking this accreditation is even more recommended. Those competing for major business jobs in finance centers like New York City, San Francisco, Boston, and Miami, will almost always increase their chances of employment with an AACSB-accredited degree.
Companies that require the accreditation for tuition reimbursement will all but require their workers to find a program with the AACSB seal. So, too, will colleges who are looking to hire faculty members with a strong education in business and finance. Finally, those who value prestigious academic labels and honors will not want to settle for anything less than a program that has been accredited by the Association to Advance Collegiate Schools of Business.
All told, an AACSB-accredited online MBA program should be considered more prestigious, more promising, and more marketable, than alternative programs that simply do not bear the same seal of approval. It can only be considered a good thing for students.
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