After a lot of research, I decided to go for Durham - Global MBA by distance learning. Just got the unconditional offer today.
Key reasons for me:
1. Triple accredited
2. Top world ranking (their Full time) - FT 2011 ranking 55 - Economist 2011 ranking 55 ( Full time gives an indication)
http://www.dur.ac.uk/dbs/about/rankings/
3. No compulsory visit to the school - hence less opportunity cost.
4. Fee £ 14000 - Spread the cost - pay as you go model
5. Local exam centre - (I live in London)
6. Good internet technology in use - watched sample lessons.
7. Good curriculum and flexibility.
8. Reputed, "old" university.
9. Can be completed as soon as 2 yrs
10. The MBA degree issued is same as Full time/Exec. No marking such as DLMBA or eMBA or MBA (online) or MBA (by distance) etc.
My profile:
1. 16 Yrs of IT consultancy experience in EMEA region.
2. Can't afford to take off from work - or loose pay
3. Age 39
4. 2 kids - so no go for evening or weekend classes.
Other schools I considered and why did not go further.
I did not consider any non-triple accredited ones.
1. Warwick - Around 18 days off required to attend compulsory workshop. nearly a month off from work (in 3 years) - No London Exam centre - Opportunity cost!
2. Manchester - 30 days off :-(
3. Henley - 20 days off :-(
4. Strathclyde - 18 days off, No London Exam centre (or extra cost).
Key minus points for me:
1. The exams are conducted on Weekdays - I have to take day off (loss of pay) - Anyway all universities in my list have the same issue.
I am self-financing my MBA with no employer support such as paid day-offs, etc. So, I guess the value for money and to fit in my work-life - Durham fits the bill.
PS: I am not a PR or marketing guy for Durham. I am just letting my views for people like me.
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Update on 03/05/2013
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Wow!, this thread is still going well even after 2 yrs..
Please note that DBS has sharply increased the price to £19000.
http://www.dur.ac.uk/business/glc/mba-dl/