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Finding an Accredited MBA Program for Less

written by: Ivy N. McQuain MBA•edited by: Amanda Grove•updated: 4/16/2011

Getting your MBA can be a costly endeavor but there are universities and colleges out there that allow for you to return to school and get your MBA for less and these schools are accredited.

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    Accreditation Institutions

    Getting a Master of Business Administration or MBA can be one of the most expensive educational endeavors you invest in. But the key word is invest. When you are finally committed to returning to college to complete a MBA degree then you also know there is a pricey financial obligation waiting for you. MBA hopefuls spend countless hours looking for accredited MBA programs for less and often with no success. Time eventually weighs on them and the research alone makes them put off their dream of completing their MBA. Fortunately, there is hope for those looking to get their MBA and advance their career goals.

    When looking into MBA programs at the multitude of colleges and universities it is important to check for accreditation. According to AACSB, only 30 percent of MBA programs receive their accreditation. To start your MBA program search you have to know if the program is accredited or not by checking with these agencies:

    • Association to Advance Collegiate Schools of Business (AACSB) – National
    • Distance Education and Training Council (DETC) - National
    • Southern Association of Colleges and Schools (SACS) - Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Texas and Virginia
    • Middle States Association of Colleges and Schools (MSA) - Delaware, District of Columbia, Maryland, New Jersey, Pennsylvania, Puerto Rico and Virgin Islands
    • Western Association of Schools and Colleges (WASC) - California, Hawaii and the Pacific Basin
    • New England Association of Schools and Colleges (NEASC-CIHE) - Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont
    • North Central Association of Colleges and Schools (NCA-HLC) - Arizona, Arkansas, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, New Mexico, North Dakota, Ohio, Oklahoma, South Dakota, West Virginia, Wisconsin and Wyoming
    • Northwest Association of Accredited Schools (NAAS) - Alaska, Idaho, Montana, Nevada, Oregon, Utah Washington
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    Traditional MBA Programs

    Now let’s move on to the affordable MBA program. When looking for a school that is affordable, students should consider the cost of travel, books, admissions, course or sessions, the time to complete the MBA and other factors including personal costs. Many traditional colleges advise students to budget for each year they are working towards completing their MBA.

    Here are a few MBA programs as reported by BusinessWeek:

    1. University of Tennessee at Martin College of Business MBA program costs approximately $14,000 for the entire program and takes about 12 months to complete.
    2. Boise State University College of Business & Economics MBA program costs approximately $15,548.00 for the entire program and takes about 20 months to complete.
    3. Florida State University College of Business MBA program costs approximately $14,490.00 for the entire program and takes about 12 months to complete.
    4. Kansas State University – MBA costs approximately $17,940.00 for the entire program and takes about 21 months to complete.
    5. San Francisco State University College of Business costs approximately $6,839.00 for the entire program and takes about 24 months to complete.
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    Finding accredited MBA programs for less can be a challenge but it can be done. Remember to start with nationally and regionally accreditation institutions as a start. Once the targeted school is identified then set a realistic budget and search for schools within that budget. There are many affordable traditional MBA programs available for students but finding the right one is the key!

    References

    Association to Advance Collegiate Schools of Business. 2011. http://www.aacsb.edu/

    BusinessWeek. 2011. http://www.businessweek.com/bschools/rankings/

    Boise State University College of Business & Economics. 2011. http://www.utm.edu/mba

    Distance Education and Training Council. 2011. http://www.detc.org/

    Florida State University Graduate Programs College of Business. 2011. http://www.cob.fsu.edu/grad/fulltime_mba.cfm

    Kansas State University MBA. 2011. http://www.cba.k-state.edu/

    San Francisco State University College of Business Graduate Programs. 2011. http://mba.sfsu.edu/

    Southern Association of Colleges and Schools. 2011. http://www.sacs.org/

    Middle States Association of Colleges and Schools. 2011. http://www.msche.org/

    New England Association of Schools and Colleges. 2011. http://www.neasc.org/

    North Central Association of Colleges and Schools. 2011. http://www.ncacasi.org/

    Northwest Association of Accredited Schools. 2011. http://www.northwestaccreditation.org/

    Western Association of Schools and Colleges. 2011. http://www.acswasc.org/

    University of Tennessee at Martin College of Business and Global Affairs. 2011. http://www.utm.edu/mba






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