I think my sister was taking a lot of distance learning classes for her MBA through Northeastern U.

Not sure if they have a flat-out full distance learning portion, but you may be able to get some of the credits there.

The more distance between you and an MBA, the more repectable/ credible you are.

Seriously? What if a job I want to do requires it?

MsBA are interesting -- almost everyone I work with has one, almost all of them say it's unnecessary, and almost all of them say they'd never hire someone without one. I think they're mostly about networking and they used to be proof that you started out with plenty of money in the first place. Now they're about access.

I agree with Hugh. The recruiting process at investment banks for MBAs is comical. You interview for a summer associate position during the fall of your first year and would accept later that semester. Something like 95% of summer associates (where I worked) were invited to come back full-time. So, basically, you'd have your job lined up before you finished 1/4 of your education. Being accepted to the right school was all that mattered.

And, yes, the idea of networking is almost universally recognized as the benefit of business school. Though, our firm increasingly promotes analysts to associates without sending them off to b-school. It makes a lot of sense economically for both the firm and the analyst.

But, investment banking is a fucked up world and probably is not representative of whatever it is chewatadistance wants to do.

There are accredited online MBA programs.

Syracuse, Drexel, Babson, Arizona State and Indiana are just a few of the schools offering the degree online (though usually with a one week residency requirement twice a year).

Here is a link to a search function for a list of 45 online degree programs from US News & World Report.

Also check out Business Week B-Schools.

Note that to enroll in the online program at Carnegie Mellon you must be an employee of United Technologies Corporation, Lockheed Martin Company, General Electric Company, Harris Corporation or Goldman Sachs.