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Should I Consider an Unaccredited MBA?

I was wondering if anyone can offer advice on whether I should pursue MBA degree from unaccredited university. I do not have the budget to pay for high-priced MBA degree and found a program priced under $3,500 for one-year MBA program online. It is a new and legitimate school, it seems, licensed by board of education, and indicates that students spend about 30 hours per week working in their courses. Do employers ever ask to check school accreditation and reject job applicants based on that? I am not looking to tranfer credits from it and just need MBA to improve knowledge and skills and, of course, to grow in my career. Thank you for your advice.

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