Here's a breakdown of what you need to consider:
1. Accreditation:
* Importance: Absolutely crucial. Look for programs accredited by reputable agencies. For US recognition, consider accreditation from the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA), or the EQUIS (European Quality Improvement System). Accreditation in your target country might also be important depending on your future career goals.
* Verification: Always independently verify accreditation claims on the accrediting agency's website. Don't just rely on the university's claims.
2. Affordability:
* "Affordable" is relative: Define your budget realistically. Even distance learning MBAs can be expensive. Look at the total cost, including tuition, fees, books, and other materials.
* Scholarships and financial aid: Research scholarship opportunities specifically for international students and online MBA programs. Many universities offer financial aid based on merit or need.
* Program length: Shorter programs might be more affordable but could mean a more intensive workload.
3. Distance Learning:
* Fully online vs. blended: Ensure the program is *fully* online if you need complete distance learning. Some programs might have some on-campus requirements.
* Technology requirements: Check the program's technical requirements (reliable internet, specific software, etc.).
4. Finding Affordable Programs:
Finding truly affordable *and* accredited international distance MBA programs is difficult. Your best bet is to:
* Expand your search geographically: Explore universities in countries with lower tuition costs (e.g., some European or Asian universities). Be aware of visa implications if you intend to work in the US after graduation.
* Consider less prestigious universities: While accreditation is key, extremely high-ranked universities are often the most expensive. Look for well-accredited programs at universities with strong reputations, but maybe not the global top tier.
* Look at public universities: Public universities often have lower tuition fees than private institutions.
* Use university search engines: Use sites like Peterson's, US News & World Report, and others to filter by program type (online MBA), accreditation, and location. Be sure to filter thoroughly based on your specific criteria.
In summary: It's unlikely you'll find a highly prestigious, internationally recognized, fully online, *and* extremely cheap MBA program. Prioritize accreditation first, then carefully weigh the cost against the program's reputation and potential career benefits. Expect to invest significant time in thorough research. Start by researching the accrediting bodies mentioned above and working backward from there to find universities.