This paper presents two case studies dealing with on-line education. One is an MBA course, the other a final year undergraduate course. In both cases a combination of email and a virtual classroom (WebBoard and WebCT) were used. The findings come from in-depth views of and discussion by, the students of their learning experience. The paper also provides some thoughts on the academic workload in running such a course. While the case studies add support to the general findings in the literature, the contribution of the paper is in providing insights into the students’ perceptions of their learning experiences – why do they feel the way they do about such courses? What factors contribute to satisfaction with such course and why?