Evidently Mississippi State University knows how to do it and still retain ACSB accreditation. Their Distance Learning website says this:

"The College of Business and Industry at Mississippi State University is accredited by the Association to Advance Collegiate Schools of Business (AACSB)."

Let's not forget that M.B.A. programs are not the exclusive property of Mississippi's state universities. Millsaps offers one also through their Else School of Management. Their M.B.A program is not only AACSB accredited, but is geared for students who completed an undergraduate degre at an AACSB schoool (although there seems to be a vehicle where others can be admitted. The Millsaps catalog says "The MBA degree can be completed in one year beyond the bachelors degree for students who have completed the BBA program at Millsaps, or any other AACSB accredited institution, and non-business students who complete the Major Plus program. The Master of Accountancy generally requires one additional year of study beyond the BBA for students who have majored in accounting and wish to complete the educational requirements to take the C.P.A. examination . . . . The business programs offered by the Else School of Management, Millsaps College, are accredited by the AACSB/The International Association for Management Education."  

Belhaven College not only offers an M.B.A. on its Jackson campus, but it also offers an M.B.A. on its Orlando and Memphis campuses.

Tonight I was reading the online edition of the Clarion-Ledger when I spotted a pop-up from Mississippi State's online MBA program. The pop-up said that the degree was offered totally online. I was surprised. I was disappointed. I must be old fashioned.