Dibyendu Malakar needed a graduate business degree to advance his career, but he was working full time and could not afford $100,000 or more for a two-year M.B.A. program at Berkeley, Stanford or another accredited business school. So Mr. Malakar enrolled at Frederick Taylor University, an unaccredited school in Moraga. A nonprofit, nonpartisan news organization providing local coverage of the San Francisco Bay Area for The New York Times. To join the conversation about this article, go to baycitizen.org. Because Frederick Taylor is listed in California as a state-approved school, he said, “I thought, ‘It can’t be completely bogus.’ ” In fact, he got his M.B.A. via the Internet in just a year, for less than $5,000.
That may not have been quite the bargain it seemed to be, though. “I did not realize that it did not carry the same weight as Berkeley or Stanford,” said Mr. Malakar, who emigrated from India. “But it was not a complete waste.” Mr. Malakar said his M.B.A. helped him get a job as director of product management at a software company in Cupertino.