There are "online schools" and then there are "online programs with real schools."
I have a master's degree from an online program at a real school - it is a MSW which is required for any kind of social work practice, before the PP comes back to talk about the uselessness of master's degrees in general. My degree doesn't say anything about online. It just says the university and the degree. The courses I took are also offered at the in person program, which didn't work for my schedule, which is why I took the online version. The assignments were the same and the only thing that was really different was the structure of the program - my classes were sequential every 8 weeks whereas the in person program worked with semesters and had more breaks. Class interaction in an online program can be done well. In my program, it wasn't. But I have seen it done well elsewhere.
Overall, I'd say it depends on the position and the degree.
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