Are these the only online MBA programs? Do you know of any online MBA programs that accepts younger applicants without a business undergrad degree?
There are tons
of online MBA programs out there. Look at a small sampling at GetEducated DOT com (unfortunately I can't post the exact link...but poke around on that site, you should find it very helpful)
Although it is not too clearly designated, there are MBAs that you can earn online, and then there are online MBAs. With the former, you take the same coursework as the part-time and/or full-time MBA students; just via online course sections. In these programs, your MBA is the same as any other MBA from the school. In the other scenario, you have specialized 'iMBA' or 'WebMBA' programs; or sometimes the MBA is part of a different division (like with Penn State's "World Campus"). Although it is far from being a rule, it seems that the more prestigious schools who offer online MBAs tend to designate the online students to a different program. You see this a lot with big state universities with a large MBA student body.