Lack of face-to-face interaction and absence of close monitoring of the learners' performance are considered as the barriers in DE system to provide any professional degree like MBA. Learners in DE system for professional degree are in confusion about their recognition, standard and status. Unique opportunities and features of the DE system can overcome the problems in suitable ways and in-service learners in DE system can become more competent professionals as compared to the regular students in on-campus system. The School of Business (SB) of Bangladesh Open University (BOU) launched its MBA programme in 1998 and students of the programme are now concerned about the standard, status and recognition of the programme in the job market. This study covers the views of concerned learners, faculties and employers towards analyzing the success of SB of BOU in offering professional degree in DE system. An effort has been made to find out the level of confidence of the existing MBA students in DE system, keeping in mind their needs and desires and that of their employers' in the job market and also to explore the possible ways to improve the quality of the programme.