A Master of Business Administration (MBA) continues to be the business degree prospective graduate students consider most often, according to the Graduate Management Admission Council (GMAC). About 6 percent of all MBA students prefer an online program, according to GMAC’s 2015 Prospective Students Survey.1
The University of Scranton boasts an honor with which few programs in the country can compete: The Kania School of Management, which houses an on-ground and an online MBA program, is among a small number of colleges accredited by the Association to Advance Collegiate Schools of Business (AACSB), the gold standard of business school accreditation. Fewer than 5 percent of the world’s 13,000 business programs have earned AACSB accreditation, which is the highest standard of achievement for business schools worldwide.
AACSB has been evaluating business schools since 1919, and it is widely known as the most selective and rigorous evaluation for business schools. AACSB examines all aspects of the school’s academic program, including teaching, curriculum, student learning, institutional development, global awareness, and academic research quality. Any program approved by AACSB must develop a plan to align its academic standards with AACSB’s standards, and programs are re-evaluated every five years.
This accreditation is especially important for online MBA programs because AACSB accreditation helps schools to hire and retain top talent as well as recruit more international students and students with higher GPAs than those without this distinction. By selecting an AACSB-accredited online MBA program, students are assured their program. is rigorous and of high quality.
Most applicants who are seeking such accredited MBA programs, are in their mid-30s and looking for career advancement. GMAC’s 2015 Alumni Perspective Survey found 50 percent or more of business school graduates held mid-level positions one year after completing their program. Five years after graduation, a majority held senior-level or higher positions; 10 years after, 25 percent held executive-level positions and 5 percent held C-suite positions. Further, 90 percent said their graduate management education boosted their earning and purchasing power.
The GMAC survey also found that about four in five alumni say their graduate management education has contributed to improvements in their competitiveness, innovativeness, and creativity. A very large majority (84 percent) of business school alumni says they use the knowledge, skills, and abilities they learned in graduate business school every day in their current jobs, and 93 percent said they would recommend their business school programs to others.
The University of Scranton offers a number of specializations within the accredited MBA program, including accounting, enterprise resource planning, healthcare management, and operations management. It is also listed among U.S. News & World Report’s best online MBA programs. If you are interested in applying for the upcoming term, request more information or call 866-373-9547 to speak with a Program Manager.
1Graduate Management Admission Council. 2015 mba.com Prospective Students Survey Report. 2015. Accessed February 9, 2016. http://www.gmac.com/market-intelligence-and-research/research-library/admissions-and-application-trends/2015-mbacom-prospective-students-survey-report.aspx