As you finalize your decision to return to school and earn your Master of Business Administration, remember to check on one small but vital fact as you are choosing a business school and signing up for your classes. That fact: Accreditation. Even in an online MBA program, accreditation is vital for you to receive the best business education possible. Your current employer or a future one will want to know that any degree programs from which you earned credit, as a graduate or undergraduate student, were overseen by an agency that verified its class offerings and put it through the accreditation process including an assessment of their professional development programs on campus, course content and requirements, faculty knowledge and experience, questions for alumni, a full curriculum overview, and other criteria.
As you are looking into accreditation of the different programs you are considering, think about the types of accreditation as well. They do matter. Regional accreditation agencies are better viewed than national accreditation agencies. Yes, employers will know where to check, and knowing someone in the prospective company or having a solid network won't replace an accredited degree.
If you have plans to work for a Fortune 500 company, in a C-suite position, or in international business then agency type will affect your ability to do so. Even if MBA Program A offers classes that are similar to MBA Program B, but program B has a lower standard for accreditation, that degree you earn from Program A will hold more weight.
Who monitors the agencies? None other than the Council for Higher Education Accreditation and the Department of Education. Both of these monitors expect accreditation agencies to maintain high standards of excellence. They evaluate each accreditation agency and support those who uphold their standards.
Now that you know this, you’re ready to get started looking in-depth at each program you’re considering.
What is Accreditation?
“Accreditation” is the recognition that an educational institution (university, college) works to maintain a set of standards required for graduates. Accreditation also signifies that university graduates have earned a specific set of credentials that allow them to practice professionally in their career of choice, such as finance or business analytics.
All of this to say that accreditation tells you that the program you are considering provides an education that reaches certain standards, so you can graduate and find the position you want.
While some unaccredited programs may maintain high standards and provide a high level of education to their students, without that accreditation, you will find it harder to land the job you want and begin to work in your chosen profession.Read More