What Makes a School Earn a High Online MBA Ranking?
November 24th, 2009
Rankings for every genre entail a wide list of details, meaning that list-makers must decide which details are the most important to take into consideration. In determining what schools are the highest ranked, list-makers look into the course load, employment opportunities after graduation, and a slew of other criteria. Ranking online MBA schools requires a look into the program, accreditation, and how long the program takes to complete.
MBA programs offer a wide array of options to students looking to further their education. First of all, there are programs which cater exclusively to people currently in the work world. Known as the executive MBA, this program was developed to meet the needs of managers and executives of major businesses so that they can earn an MBA in two years or less while still working full time. These students typically have ten or more years of experience in the business world, which is why they typically need to be separated from students who are beginning straight out of undergraduate studies. Other MBA programs offer students the option to earn an MBA in less than two years, involving higher course loads with more intense classes. Understandably, these programs are not meant for business professionals who do not have time as it is for extracurricular studies. However, schools that offer these programs and others are most attractive to students from all wakes of life.
Accreditation is an important part of online education because so many schools have become associated with “diploma mill” universities that offer degrees that are not accepted by any type of graduate entity. Many schools offer accreditation statuses that are not legitimate and therefore researching further into MBA schools is an important part of the application process. In online MBA rankings, accredited schools are ranked much higher than those that are questionable or lack accreditation. Additionally, higher numbers of students typically flock to schools that definitely have accreditation. The population of students alone in rankings is a high factor for future students in determining whether they wish to attend. Currently, University of Phoenix has 67,700 students enrolled in its MBA program, clearly demonstrating the attractiveness of the program to students around the world.
MBA programs all contain various amounts of time it should take students to complete the program. However, for some students, the degree may take more or less time than the traditional student. Retention rates for students is an important factor to look for in applying to MBA schools, which is why it has become so important in online rankings. Schools that have the highest retention ratings are typically found to be higher up on the list, although schools like the University of Phoenix (which caters to thousands of students), typically have a lower retention rate due to their higher numbers. However, programs with 90% or higher are typically high up in the rankings and deserve a look into by many future MBA students.
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