Affordable MBA

Hi

Looking for affordable MBA (from any accredited intitution) hwich will be <10000 and relatively easy (not any tough one) .Just need to study in own pace (independently) and need the degree. Need serious help guys!!! URGENTLY !!!!

 

The U of London, Mississippi State, U of Nebraska (though don't think it's at your own pace), many. Isn't there a directory of cheapest MBAs. Didn't someone post a link here once? I'd check that on the search tool.

You also need to define what you mean by "accredited". Do you mean AACSB? ACBSP? RA? DETC? Some foreign accreditation?

AACSB is the gold std over here in the US.

 

http://www.geteducated.com/rankings/best_mbareg.asp

 

Urgent? Serious help? What's the rush? You make poor decisions when you rush.

Where are you in your career, where do you want to go, why do you need the degree, etc. More background and maybe folks can help narrow it down for you.

 

NewBie,

The MBA market is saturated so you should go for the best you can get to have a chance in the baking industry. A cheap and easy MBA would not do much for you to launch your career. I would suggest to look for a top MBA and get a student loan if necessary, it will pay more in the long run than getting a cheap MBA with little chance to improve your position.

MBAs from low tier schools are normally a good idea for those already established in their careers and just need the MBA tag for promotion or better salaries. However, for the "wanna be" is better to get the best you can get given the fierce competition among MBAs.

 

I don't know if it's easy, and honestly I kind of hope not. Graduate work shouldn't be. But anyway:

www.amberton.edu

 

Well where are you located? That would make a difference IMO as far as programs you should consider. Would a Brit or Australian MBA be more beneficial for instance?

also, I think a few schools like Amberton limit admission to US citizens.

If you're looking for something inexpensive though, how about Cameron, a state university, regionally accredited, I think tuition is about $270 per credit, and it looks like they have quite a few econ and finance courses available.

http://www.cameron.edu/online/graduate/mba_degree_prog.html

I agree with RFValve though, you should probably not skimp if you're looking to move up, say Florida or Indiana MBA's would probably answer very well.

 

Re: Re: Affordable MBA

THE MBA MARKET IS SATURATED

What do you want to do five years from now?

Whatever it is, that is what you should study. As the marketeers like to say: focus, focus, focus.

An MBA is a general degree. You take a few courses in Marketing, a few in Management, a few in Accounting, a few in Finance, and then you graduate.

If you want to be in marketing, earn an MA in Marketing. If you want to be in management, earn an MA in Management. If you want to be in accounting, earn an MA in Accounting. If you want to be in finance, earn an MA in Finance.

MBAs are a dime a dozen. I am an administrator for online programs at a regionally-accredited college. I routinely file the resumes and transcripts of MBA applicants in 'a special place'. Individuals with MAs in Marketing, Accounting, and Finance are extended much greater courtesy.

Your mileage may vary.

 

Re: Re: Re: Affordable MBA

Maybe you should list that information on your site?!

Also, a MA over an MS? Hmm.

Could you explain why a MA (or MS) would be THAT much better than a MBA in terms of applicants?

 

An MBA doesn't give you more job opportunities. It gives you an opportunity for a higher level job than what you do now.

An MS or MA in another field would give you more opportunities.

 

Many MBA programs allow you to specialize in finance, marketing, acquisition, HR, e-business, etc...that's what sets you apart, the concentration.

The MBA is still a very valuable degree, there are many employers that have specific sections of their websites set up for MBA grads:

One gleaming example is the gigantic consulting firm, Booz Allen Hamilton:

http://www.bah.com/bahng/SilverDemo?Region=&Geography=&language=English&Taxonomy1=&Taxonomy2=&Taxonomy3=&Area=2725&sCacheID=&sNumHits=0&sNumJobHits=0&sNumVideoHits=0&FORM_ACTION=FOCUS&style=item&SortBy=+&GroupBy=-1&PID=Home.html&contType=TABLE&dispType=HTML&ITID=164757

 

Re: Re: Re: Re: Affordable MBA

I make no distinction between the MA and the MS, when evaluating faculty credentials.

I work at a SACS-accredited college. Our instructors need to have earned at least a Masters degree at a regionally-accredited school and have at least eighteen graduate semester hours of credit in the subjects that they teach. MBA concentrations are typically only twelve credits. I get resumes and transcripts from MBA holders almost daily, and virtually all do not meet this minimum requirement.

However, if a candidate meets the requirements in Finance or Marketing, I do what I can to get him or her at least one course per semester, in order to keep the channel open for those times that we are short-handed in those subjects.

I expect that the holder of an MA in Finance has an easier time getting hired at an investment bank than the holder of an MBA.

On the other hand, having an MBA is worlds better than not having a graduate degree. It comes down to a question of whom you are differentiating yourself from.

 

Re: Re: Re: Affordable MBA

Chydenius- so THAT'S where my resume went.

But, seriously, you are right. For teaching, an MBA does not meet the requirement for 18 graduate hours in the area one wants to teach--because it is well-rounded. I didn't know that before I finished my MBA and if I had I would have gotten an MS in Finance instead. Although at the time I had good reason for the MBA.

So now I'm going back to get the 18 hours finished. But, as I've mentioned before, you can teach at some accredited colleges w/out the 18 hours.

And I do agree that an MA/MS in Finance would have a better chance at an Investment Bank.

But for straight Commercial Banking and for many industries (if you don't want to teach) an MBA would be better, as it is well rounded, IMO. Commercial banking now is all about marketing, management and very little about finance, unless you are in the hard numbers (asset/liability, trading etc) areas of the bank.

So it does go back to what you want to do with it. Do more research than I did before the degree.

CFO wannabes may need the MS Finance or if they are also CEO wannabees an MBA w/CPA designation may do it.

Lawyers and doctors wanting to improve their business skills would do better with an MBA than a focused Marketing degree, again IMO.

 

Re: Re: Re: Re: Affordable MBA

As I tell my students, I don't make the rules; I just implement others' policies.

The Northcentral Association (NCA) is much more liberal than the Southern Association (SACS). One of my colleagues has a Masters degree and he teaches graduate courses at UoP.

For whatever reason, Arizona is covered by NCA. UoP, Northcentral University, and many other schools discussed on DI are based in Arizona. Give them a try.

If only I had known about CLEP tests, when I started my undergraduate degree...

 

Ah! I thought I remembered an MBA < $10,000 thread from not so long ago! http://forums.degreeinfo.com/showthread.php?s=&threadid=23724

 

Thank you guys for your help. I appreciate ur comments.

and now regarding my location...I live in MA....and looking for US degrees.

Now I have few more questions. I agree that MBA market is a little saturated or it will be when I'll actually pass my MBA. MS in Finance or Accounting which one is more helpful for banking industry ? and from which institution ? I'll be doing DL courses so based upon that please suggest some schools.

Thank you all again.

 

If you are looking for a prestige MBA and can stretch your finances to afford same, in your neck of the woods (for name recognition purposes), Babson College www.babson.edu , the University of Massachusetts www.umass.edu , and Worcester Polytechnic Institute www.wpi.edu readily come to mind in terms of DL MBAs. As to the master's in finance and/or accounting, I have a couple of comments. First, I seem to recall from some time ago there being an old thread on the MBA versus MS question and a female human resource manager chimed in to say that she considered the MBA HRM and the MS HRM to be equally valid credentials for becoming a human resource professional. So, likely, the banks will view your MBA or MS in Finance and/or your MBA and/or MS in Accounting as equally viable credentials. Second, on the question of finance or accounting for a banking position, I would say that the finance degree might work better for the banking job. Of course, if you want to become the Controller or the Vice-President of Accounting at a bank, the MBA/MS Accounting would likely serve you better ... or better yet, an MBA with double major in Finance and Accounting. Another consideration is that if you are not generally outgoing and don't think you would like the high personal contact involved with a position as a commercial lending officer, you might consider a position as a credit analyst, who is the guy who thoroughly enjoys crunching numbers in the back room all day and maybe might have to have a little personal contact when the lending officer comes into his office to ask his opinion on this, that, or the other loan. For the credit analyst, either a finance or accounting degree will do. Speaking of accounting, there was a recent thread here wherein it was observed that if you like forensic accounting (the investigation of accounting fraud), you likely won't be starved for work any time soon in the wake of the debacles with Enron/Arthur Anderson and MCI/Worldcom. Another thought: in the finance world, investment banking (the underwriting of stock and bond issues) is much more lucrative than commercial (traditional) banking. Even when the MBA market was at its softest, I still heard of 23-year-old kids straight out of b-school walking onto $98,000/year starting salary positions (too bad my self-confidence had been shot by then).

 

Good post Ted, and I agree with all your points except that I would say that credit analysts in the banking industry are going the way of the dodo. See this thread http://forums.degreeinfo.com/showthread.php?threadid=23744&highlight=banking+citibank

I do agree that forensic accounting is a career for the future.