Following are some of the world's leading universities that offer online and distance MBA programs to students worldwide. These online MBA courses can be studied via virtual classrooms, seminars, self study, or Face-to-face learning.

Thunderbird School of Global Management (USA)
US News # 1 (International Management)
Financial Times #1 (Intl Business)
WS Journal #1 (Intl Business)
U.S. recruiters #1 (Academic Excellence in International Business)

University of Florida (USA)
Economist #1 (Distance Learning)
Wall Street #6
US News # 34 (Best MBA programs)

Pennsylvania State Uni. (USA)
US News # 40
Financial Times #58

Babson College
US News # 1 (Entrepreneurship) (1994-2008)
Financial Times # 1 (Entrepreneurship) (2007, 2006)
Princeton Review #1 (Entrepreneurship) (2008)
Business Week (Top 20 for Post-MBA Salary Gain) (2008)
Wall Street Journal #2 (Entrepreneurship) (2007, 2006, 2004, 2003)

Univ. of Warwick (UK)
Economist # 3 (Distance Learning)
Financial Times #29 for MBA and 14th for EMBA

Univ. of Manchester (UK)
Financial Times #22 in the world, 4th in the UK, 10th in Europe
Which MBA? - 5th in the UK, 8th in Europe and 30th in the world
MBA Career Guide - 2nd in the UK, 7th in Europe and 15th in the world

IE B-School (Madrid)
Economist # 2 (Distance Learning)
Forbes # 4
Financial Times #8

Duke University (USA)
Business Week #9
US News # 14
Financial Times #28

* Suggested Reading:

Accredited Online MBA Degree Programs

Top 10 Online MBA Schools

Online MBA Colleges & Rankings

Top Distance MBA Degree
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World University Ranking Tables

America - US News & World Report, The Princeton Review, BusinessWeek
Canada - Maclean's, Gourman Report Ranking of Canadian Universities
UK - Sunday Times, Guardian, Times Good University Guide, Daily Telegraph
World - Shanghai Jiao Tong ARWU Rankings, Webometrics, Newsweek