Expectations Evaporate for Online MBA Programs

Enrollments are small and business deals are falling through

By KATHERINE S. MANGAN

A few years ago, dozens of business schools were jockeying for position in what promised to be a booming market for online M.B.A.'s. The Internet was going to revolutionize business education, and any school that didn't act fast would be left in the dust.

Millions of dollars and countless...

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