HI, Distance mode MBA can make a difference in terms of placements. So when you think of getting into a good organisation, you should be able to really explain why you did the studies from correspondence. And if you are able to justify all then only it can make sense to them. Your reason should be valid and they should feel the step was taken for a purpose.  It also depends on your skills and knowledge. Then they might accept you. Hope this helps. Good Luck.