The aim of the paper is to provide knowledge with regard to what extent a student's engagement, travel time to the business school, and nationality determine their perception of the value of business school education. We have analyzed what determines the evaluation of online studies, the frequency of participation in online courses, and the preferences regarding the mode of study in the future (offline vs. online). For this purpose, we conducted research in late March and early April 2020 among management students attending one business school in Warsaw. The respondents included native residents of Poland, as well as migrants from countries of the former Soviet Union. We analyze survey responses provided by 317 respondents. We used the chi-squared test, the Kruskal-Wallis test, and the Mann-Whitney test to verify relationships between variables. According to the analysis, the student engagement variable determines the current evaluation of online studying, the change in frequency of participation since the introduction of online classes, and the preferred mode of study (online or offline). The time required to commute to the business school determines only the preferred mode of study in the future, while students' nationality determines their assessment of online studying and the frequency of participation in online courses.