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September 14, 2009 3:00 AM

The Rise of the Virtual MBA

Distance learning has come a long way since the first "Get your

diploma by mail" ad appeared in the back of a magazine. In a

year when 4 million Americans took a class over the Internet, the

phrase "online degree" can describe everything from a

diploma mill to the executive track at a prestigious brick-and-mortar

university. Earning your MBA this way still lacks some of the benefits

that candidates look for in a traditional business degree —

namely the status and elbow-rubbing that goes along with admission to

a top-tier school. But if you're a mid-career manager hoping to

boost your standing without taking time off from your job, an online

degree can be a smart solution. Here's what you need to know.

© 2009 CBS Interactive Inc.. All Rights Reserved.
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