Dear southhobart:

You pose a good question as Johns Hopkins has strong name recognition. I find it interesting the school has not received AACSB accreditation as it must be a deliberate choice on the school's part. Perhaps the business school has received accreditation from another entity? Generally speaking, you want a school with AACSB accreditation as it is viewed as the gold standard for business schools. Schools must not only meet a certain threshold in terms of curriculum and resources, but must maintain those standards with periodic audits for re-accreditation.

In this case, I think you need to look at the reputation for Johns Hopkins MBA graduates in the geographic locale you want to be in post-MBA. If you want to stay in the metro-DC area, then it might not be an issue and the program is fine. If you want to leave the metro-DC area, then look at where students have taken jobs upon graduating and even ask if they have alumni in the industries you wish to pursue. Should the school have a good placement rate (by your estimation) in this industry/geography, then the lack of accreditation might not be an issue.

Best of luck to you!
Lisa