Patten University vs SMC University

Dear Users
I am international student and i graduated high school.
I want to get my first bachelor degree in Finance or Accounting or Economics.
I'm searching on the internet for 2 months.
For me important:
1. 100% online
2. affordably/cheap
3. accredited
university name or master degree are not important for me.
but after my research i founded 2 university.but they are not give bachelor degree in finance you have first complete BBA program after that you have a chance to get MBA Finance program:
Patten University(USA):
Bachelor degree:14.000 usd
MBA Finance degree:6240 usd
TOTAL:20.240 usd(if you finish every month 1 course)
SMC UNiversity(Swiss):
Bachelor degree: 1440 euro
MBA finance degree: 4400 euro
TOTAL: 5.840 EURO( 8.00 usd)

New chrter University and Taft university do not accept new students( only transfer students)
PLEASE WRITE YOUR OPINIONS.
I must decide untill end of december and i want to start in february.
WAIT YOUR OPINIONS!!!

 

Your tuition calcuation doest not make any sense. Anyway, SMC University is not accredited, but rather programtic accreditation by ACBSP. Pattern is regional accredited is a way to go, but since you are in Europe. Have you looked into EU citizen school for FREE or little cost.

Since you look up New Charter and Taft Universities; have you looke up University of the People, it holds the same accreditation with New Charters and Taft.

 

I have done some digging online into the issue of Swiss accreditation, and from what I can tell, accreditation of colleges and universities is strictly voluntary, unlike the process for other European countries. Because of the way schools in Switzerland are accredited, it is my understanding that private distance learning organizations would find it very difficult, if not impossible, to gain accreditation.

Typically, I would say stay away from an unaccredited school, but in the case of SMC, I can't find anything that indicates is is a bad school, and in fact I find evidence to indicate it is actually a very good school, and ranks in the top 10 of distance education MBA programs in Europe, according to the Financial Times.

That leaves us with the question of whether a degree from SMC would be acceptable to other schools or employers in other countries (such as the US). For that question, I don't have an answer and can't really find any feedback in that regard.

 

You can revisit that thread here if you like. Summary: it may be difficult to get institutional accreditation in Switzerland -- but only if a school uses the word "university" in its name. It appears that if "SMC University" changed its name to "SMC Institute", accreditation would be much easier.

But it also seems like a moot point. SMC, while still located in Switzerland, is now officially accredited as a university in Ghana:

I like the graphic of the Ghanaian flag on top of the Alps.

My guess is that relatively few SMC students are actually from Switzerland -- they probably rely on foreign students, particularly from the developing world. SMC is currently using their Ghanaian accreditation as a marketing point in other African countries, like Eritrea and Nigeria.

 

It appears that SMC offers optional on-campus residencies for master's and doctoral students. Some of the currently advertised residencies (5 of 17) are in Switzerland, but most of them (12 of 17) are in Africa (either Ghana or Nigeria).

The SMC website offers constant reminders that they are located in Switzerland. Their home page, for example, makes the following points:

Yet it wouldn't surprise me if SMC degrees are actually more popular and better known in western Africa than they are in western Europe. Their unusually low tuition (e.g. 4,400 euros for an MBA, which is about $5,600) seems consistent with a business model geared primarily towards customers in developing nations.

 

I asked to CHEA.
They answered me:

''''I can’t tell you what school to go to or recommend one. I can tell you that some of the graduate programs at SMC University are accredited by ACBSP which a programmatic accreditor recognized by CHEA, for further info about the school please check with them. In the US, there are no national laws governing the usage of degrees, there are state level laws so I’d recommend contacting whichever state you plan on settling in.

Eric G. Selwyn
Membership and Information Coordinator
Council for Higher Education Accreditation
One Dupont Circle, NW, Suite 510
Washington, DC 20036-1135''''