How important is accreditation for a MBA?


Question:
I am looking between two programs; The Association to Advance Collegiate Schools of Business (AACSB) accredits one, while International Assembly for Collegiate Business Education (IACBE) accredits the second. I know the AACSB is more coveted within the business community, but is a degree from an institution accredited by IACBE worthwhile? Do the different levels of accreditation really matter? Or is it merely important to get a degree from an accredited university? The AACSB degree will be much harder to attain (fitting into my schedule), is it worth completely going out of your way to get the higher accreditation?

Answer:
The IACBE is not even the secondary accrediting organization in business; most schools that are looking for credibility but aren't eligible for AACSB go for the ACBSP. While the accreditation itself may not matter too much, this indicates a serious difference in the quality of the two schools, and that could hurt you down the road.
from what I have learned an AACSB accredited MBA is much more respected. However, I cannot understand why, seeing that so many crappy-*** state schools hold this accreditation (U of Wisconsin-Whitewater, etc)
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