My understanding in talking to some non-aviation businessmen friends is that unless your MBA is from a top business school to begin with, nobody really cares.
So, essentially anything you get from distance learning or a "branch campus" is going to be on a basically level playing field in the business world.
Not necessarily (and I'm working for a big consulting company as I type). One of the top schools will get you a better job with NO experience primarily because the major companies (when hiring) recruit heavily from there.
Outside of that an MBA is like having the 737 type rating @ Southwest - it's needed to move up the ladder or to increase your pay (since you'll be in a different compensation (and billing for clients in my case) category. If you bring it with you, you start in that new category and it can set you apart from someone that doesn't. Once you're employed, nobody cares where it came from. Heck, most companies that place any weight on Masters degree will pay for part or all of it if you get it while you're there and will commonly have programs set up with the local school.
I did an online degree from a brick and mortar university...based on my diploma and transcript you'd never know I didn't attend that school in residence - I even walked in the graduation. First time I ever touched campus. I found the MBA program incredibly interesting and I got 2 concentrations - Information Systems and Project Management that directly relate to my work. I started while in the Navy then finished while working a 121 job and ran from flying right after getting it.
So, if you want to be recruited by a top-20 company, spend the $$ to go to a major biz school. Outside of that..get one from any accredited school. It will set you a part from the new college grads (since you both have 0 experience) and may boost your pay.
Feel free to PM me...
Spongebob