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ACBSP (Accreditaiton Council for Buisness Schools and Programs) Accredited im not sure what the difference between that and AASCB accredited programs mean.
I have a good friend who went there for his MBA and he has a cool job in Indianapolis.
It is a very small school and its reputation is mostly local. So if you want to live in Indiana afterwards, it is a fine program. Mostly local corporations recruit there, not major national corporations, and not professional service firms (e.g., consulting firms, i-banks, etc.).