“While applications and enrollments in full-time MBA programs have declined for five consecutive years, demand for online MBAs has exploded. More than 300 business schools in the U.S. alone now offer online MBA options and scarcely a month goes by when yet another program pops up. This fall alone, the University of Michigan and UC-Davis are among the newcomers who have welcomed their first cohorts of students. In less than four years, the $22,000 iMBA from the University of Illinois’ Gies School of Business has boosted enrollment to more than 2,500 online students from 114 students.” …