Which online mba?
Great question -- also very popular question because there are so many choices today for a distance learning MBA.
You present a short-list of 4 distance MBA schools:
Argosy Online MBA
Jones International University Distance MBA
Northcentral University Online MBA
Ashford University Online MBA
For-Profit Online University?
All 4 of your choices operate as for-profit schools. One of the things about attending a for profit online university is that some are currently embroiled in scandals and whistle blower law suits. Many are being held to task for poor grad rates and high student cost and indebtedness.
I think it will take another decade for some of these suits to be resolved and the truth to emerge. Until the dust settles you can’t be sure how the public -- and therefore employers -- will look at these online business schools in the long run.
Like Ms Shona, I am not against for profit online education on principle but the issue I would weigh today if I were looking at a newer for-profit virtual colleges is if their reputations will hold up, and then what those reputations ultimately will be 10 or 20 years from now.
Newer Internet only schools risk , as a class, lower public perception ratings and employer acceptance than older established residential colleges that offer online degrees. Employers just don’t know enough about these new schools.
SEE:
Do Employers Accept Online Degrees
Online MBA Accreditation?
All 4 of your chosen online universities hold regional accreditation, so there is no difference when we compare online MBAs on the issue of class of accreditation and issues related to degree acceptance and transfer.
SEE:
Distance Learning and college accreditation for background.
Ms. Shona points out that none of these schools have AACSB accreditation, a dimension which often comes into play when people compare online MBAs, so they are all 4 equal on this dimension
SEE:
Online MBA: Do I Need AACSB Accreditation?
I am going to assume you are settled that AACSB or other b-school accreditation is not essential either bcs of the greater cost or the need to take admission exams like the GRE GMAT.
Ms. Shona also mentions that only 1 of these schools has business school accreditation. You will want to consider how important that issue is to you related to your career and employment plans.
Time Online and Reputation
All these schools are for-profit universities, none of which have a legacy residential campus. (Ashford is somewhat different but we’ll discuss this soon!)
The two online MBAs which have operated the longest are Argosy U and Jones IU.
People in academia know these names more readily becaus of this but I am not sure that employers or the public know these names as well.
The two who are new comers are Ashford and Northcentral University
Get Educated has very few student reviews of any of these 4 online business schools so there is not enough data on the Get Educated site to argue that one is better than another among the 4 based on current verified online students reviews or public perception reviews from employers and others.
(Please, other readers and online students chime in if you attended these MBA programs are have opinions on these 4 online business schools!)
There are, however, some very public debates going on about the use of student financial aid, graduation rates, and admission practices at 3 of these 4 schools. I'd check these debates for clues on public perception issue at this time for each school.
Since you are concerned about the reputation of your MBA school -- as you should be since this reputation will follow you when you apply for jobs and so on -- then I think these public debates should be considered in choosing among these 4 online MBA programs.
I would weigh the current public debates on business practices at each of these 4 university systems if this were my personal choice.
Here is some background on these debates:
1) Ashford University Online, owned by Bridgepoint Education -- This is an example of an established failing residential college -- The Franciscan University of the Prairie -- which was bought by investors and turned into an online degree college with a new name. The regional accreditation of the old residential campus followed the school online but the vast majority of the students are online and in career areas such as the MBA. This online college has been at the center of a great deal of debate in Congress on for-profit education and the need for tighter regulations on student aid, student indebtedness and accreditation. I encourage you to read some of the public debate on this school as others have been looking at this college closely. Read the chain of articles on the Post below and Google this school to see what you think.
SEE Huffington Post -
Senate Panel Probes Massive Growth At Tiny Iowa College
2) Argosy University: Is owned by EDMC, a publicly traded company, and this company has made the news several times for consumer complaints and lawsuits related to deceptive student enrollment and marketing. EDMC operates a lot of different trade and technical schools, some with campuses, and some online. You'll have to wade through the public press and keep in mind that this company owns a lot of schools and many of their issues are isolated to one or another of their many colleges and training institutes.
Argosy University was one of the colleges named in the US Government secret shopper investigation in Aug, 2010 on unscrupulous business practices. This investigation set off a national chain of debates and law suits about for profit colleges in general and online colleges in particular.
SEE:
For-Profit Online Colleges Named in Government Fraud
The findings were not, however, about the business school so you'll need to weigh this.
3) Northcentral University Online -- Northcentral is another Internet-only college operated by private capital. They, like many for profits, have had issues with student financial aid. You can search Google for more on this school and its public reputation right now.
3) Jones International University MBA
JIU was actually the first Internet only college in the USA to win regional accreditation. I do not know of any law suits or federal financial aid scandals involving this college. The news on JIU has been very quiet and this school’s origins go back to pre-Internet days when an educational visionary named Glenn Jones took out a loan on his Volkswagon and started an educational cable TV company named Mind Extension University. The school was a non-profit in the beginning and originally used cable TV as the distance learning delivery mechanism. Maybe no news is good news these days when it comes to the public reputation of online colleges ...
I hope more people will chime in with their experiences on these 4 distance MBA degree programs. They may be able to give you insider data I don’t have and thus help in your decisions.
Right now there are more similarities than differences among these 4 schools. My opinion -- and it is just that, the opinion of one person -- is that of the 4 schools Jones International University seems to have the cleanest public perception and reputation.
But you have to decide if that factor matters to you, and then how much that factor matters to you.
I might consider JIU a contender if long term public perception were foremost in my mind and I was working your short-list for the best online MBA program. On the other hand, JIU costs considerably more than the other 3 schools -- but you did say “cost aside.”
One more issue -- did you want a particular major or emphasis in your online MBA?
These 4 schools have different majors and you did not mention if you wanted to enter or advance in a particular career area. If so, look at the available majors to see who best “fits” your career intentions.
I hope this helped give you some ideas on comparing these online business schools. Please help others by leaving a
review of these online business schools yourself and passing onto to others what your final opinion was of each school.
If you enroll in one of these online business schools let us know!
Go, Get Educated!
Vicky Phillips
Founder GetEducated.com