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An online MBA program may be the perfect fit for working professionals who want to keep their day job but continue their education. But many of the top programs have a residency component that should not be dismissed.

For online MBA programs at any business school of national status, a required residency component (big or small) is predominant,” says Phil Powell, faculty chairman of Kelly Direct, Indiana Univerity’s online business school programs. “I think it has evolved as a common standard.”

One of the major benefits of online MBA programs with residencies is the networking potential.

Image via Flickr/Simon Fraser University

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