If you're thinking about a distance MBA program (or online MBA), then you may want to read this interesting article by Dr. Frank de Langen, Open University of the Netherlands and Global Distance MBA. Some of the issues that he addresses may seem very simple and obvious, but if you read through his article, you'll soon find that there are many things that lie beneath the surface of an online MBA program. Some distance learning MBA programs still require live classroom time. Others are 100% online.
You won't have the networking opportunities if you go through a distance MBA program. Most feel that the networking experience is one of the most valuable things about B school. However, if you can't afford to stop working and you need a ton of flexibility, then a distance MBA might be the right fit for you. However, make sure you know what you're pursuing and why you plan to go to B school. It's a significant investment of time, money, and energy.