Online MBA Programs With No GMAT or GRE Placement Requirements
Updated June 2, 2023
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Online MBA Programs With No GMAT
Many reputable colleges and universities offering online MBA programs and executive MBA programs have removed the GMAT/GRE requirement, preferring instead to focus on other indicators of success.
Here are some top online MBA programs that don't require the GMAT or the GRE.
Interesting No-GMAT MBA Programs
What Is the GMAT?
The GMAT — or Graduate Management Admission Test — is a standardized, multiple-choice exam used to measure readiness for graduate-level work. Many graduate business schools and MBA programs require it.
How Much Does the GMAT Cost?
As of 2022, it costs $275 to take the GMAT at an in-person testing location in the U.S. and $300 to take it online. Pricing and regulations vary by country.
How Long Does the GMAT Take?
Sitting for the GMAT typically takes 3.5 hours, including optional breaks. Students who qualify for accommodations may take longer.
The test is broken into four sections.
- Quantitative (62 minutes)
- Verbal (65 minutes)
- Integrated Reasoning (30 minutes)
- Analytical Writing (30 minutes)
According to Kaplan, most people spend 2-5 months studying for the GMAT — and those who score in the top 10% typically put in over 120 hours of study time.
How Many Times Can You Take the GMAT?
- Candidates can take the GMAT up to five times in a rolling 12-month period.
- Candidates can take the GMAT a lifetime maximum of eight times.
Who Cares About GMAT scores?
For many (but not all) business schools, GMAT scores can be an important factor in admission decisions.
Historically, law firms have considered GMAT scores, as well as some large businesses. But recently, a growing number of schools and employers are rejecting standardized test scores as an essential indicator of talent.
A survey by the Graduate Management Admission Council (GMAC) found that in 2021, 45% of business programs waived test score requirements. The same year, the Wall Street Journal reported that major firms like Bain, McKinsey, and Goldman Sachs were "putting less emphasis on standardized tests as part of their recruiting in recent years."
What Is the GRE?
The GRE — or Graduate Record Examination — is a more generalized graduate-level standardized test used by graduate, business, and law schools worldwide.
How Much Does the GRE Cost?
As of 2022, in most areas of the world, the GRE costs $220 to take. Test fees in India and China are slightly higher. Some people may qualify for a fee reduction voucher.
How Long Does the GRE Take?
Overall testing time lasts about three hours and 45 minutes, plus a 10-minute break.
The test covers three subjects broken into six sections.
- Analytical Writing
- Verbal Reasoning
- Quantitative Reasoning
Kaplan recommends 1-3 months of study time for the GRE. Top performers typically study over 100 hours before taking the exam.
How Many Times Can You Take the GRE?
You can take the GRE up to five times within any rolling 12-month period. There must be at least 21 days between each test.
Who Cares About GRE Scores?
Business schools that require test scores may accept either GMAT and GRE scores from applicants.
But for most prospective MBA students, the GMAT is the test of choice. According to GMAC, the GMAT is submitted four times more than the GRE.
What Is AACSB Accreditation?
The Association to Advance Collegiate Schools of Business (AACSB) provides a rigorous review of institutional and business program quality. It's one of the world's most recognized accreditations for business programs.
According to the AACSB, programs that hold its accreditation have:
- Better programs
- Better faculty
- Better students with higher overall GPAs
- More international students
- More employers that recruit from them
The Best Online MBA Programs, No GMAT Required
The school and/or program descriptions below were drafted using natural language generation technology and have been edited for clarity and accuracy. The data is primarily sourced from government databases such as IPEDS – see sources section for more details.
These rankings include
#1 Online MBA Programs With No GMAT or GRE Placement Requirements
The University of Minnesota Twin Cities
Minneapolis, MN - 4 years
- Online + Campus
Located in Minneapolis, the University of Minnesota Twin Cities offers an online master of business administration. The MBA program builds specialized skills for leadership roles in the business field and related industries. A master's degree can also train candidates for roles in new industries.
The master's curriculum emphasizes current research in business administration. Learners specialize the program by choosing from a variety of electives. The master's program builds on prior business experience gained during a bachelor's program.
Online enrollees complement the classroom experience with internship opportunities in their local area. Many institutions provide libraries and fitness centers for use by students living on campus. The program encourages graduate students to participate in hands-on experiences and networking events to grow their professional connections.
The University of Minnesota Twin Cities at a Glance:
Type of School: Public, four-year
Admission Rate: 70%
Total Online Master's Programs: 6
Program Name: Master of business administration
Graduate Tuition In State: $17,580
Graduate Tuition Out of State: $27,204
#2 Online MBA Programs With No GMAT or GRE Placement Requirements
The University of Cincinnati
Cincinnati, OH - 4 years
- Online + Campus
The online master of business administration at the University of Cincinnati prioritizes flexibility. Graduates train for leadership roles in the field while earning their degree from the MBA program. Earning a master's degree can also help candidates pursue new career opportunities.
The master's curriculum emphasizes the best practices in business administration. Learners choose electives or a specialization to stand out in a competitive job market. The master's program builds on undergraduate training or professional experience in the business field.
Online enrollees work with the MBA program to arrange professional internships at approved locations in their area. Many institutions provide libraries and fitness centers for use by students living on campus. Graduate students expand their professional network through internships and online events.
The University of Cincinnati at a Glance:
Type of School: Public, four-year
Admission Rate: 76%
Total Online Master's Programs: 28
Program Name: Master of business administration
Graduate Tuition In State: $13,224
Graduate Tuition Out of State: $24,966
#3 Online MBA Programs With No GMAT or GRE Placement Requirements
Southeastern Oklahoma State University
Durant, OK - 4 years
- Online + Campus
Southeastern Oklahoma State University, located in Durant, enrolls master's students in its online business administration program. The MBA program strengthens industry-specific skills, preparing graduates for leadership responsibilities. Earning a master's degree can help candidates advance in their current career or pursue a new career path entirely.
The master's curriculum emphasizes both practical and theoretical approaches to business administration. Learners choose electives and concentrations to prepare for focused career paths. Applicants with prior experience in business administration or a related field often meet the admission requirements.
Online enrollees can often complete professional internships at approved locations in their own community. Many institutions provide libraries and fitness centers for use by students living on campus. The MBA program encourages professional development activities, including networking events, so graduate students can expand their professional connections.
Southeastern Oklahoma State University at a Glance:
Type of School: Public, four-year
Admission Rate: 79%
Total Online Master's Programs: 12
Program Name: Master of business administration
Graduate Tuition In State: $4,716
Graduate Tuition Out of State: $10,872
#4 Online MBA Programs With No GMAT or GRE Placement Requirements
Southern Methodist University
Dallas, TX - 4 years
- Online + Campus
Southern Methodist University, located in Dallas, enrolls master's students in its online business administration program. Graduates train for leadership roles in the field while earning their degree from the MBA program. A master's degree can also train candidates for roles in new industries.
The master's curriculum explores business administration research and methodologies. Learners specialize the program by choosing from a variety of electives. Applicants with prior experience in business or a related field often meet the admission requirements.
Online enrollees work with the program to arrange professional internships at approved locations in their area. The common facilities and services offered at most universities, such as the library or gym, are accessible to students who live on campus. Graduate students expand their professional network through internships and online events.
Southern Methodist University at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 53%
Total Online Master's Programs: 25
Program Name: Master of business administration
Graduate Tuition In State: $40,896
Graduate Tuition Out of State: $40,896
#5 Online MBA Programs With No GMAT or GRE Placement Requirements
Bentley University
Waltham, MA - 4 years
- Online + Campus
From its campus in Waltham, Massachusetts, Bentley University hosts a top-ranked master of business administration program. The MBA program helps graduates move into leadership roles and increase their earning potential. A master's degree can also lead candidates to new career paths.
The master's curriculum covers theoretical and practical approaches to business administration. Learners individualize the program to prepare for focused careers. The master's program recommends individuals have a background in business before applying.
Online enrollees complement the classroom experience with internship opportunities in their local area. Those who live near campus can enjoy the common amenities and facilities available at most institutions, such as the library and gym. The MBA program encourages professional development activities, including networking events, so graduate students can expand their professional connections.
Bentley University at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 58%
Total Online Master's Programs: 2
Program Name: Master of business administration
Graduate Tuition In State: $40,992
Graduate Tuition Out of State: $40,992
#6 Online MBA Programs With No GMAT or GRE Placement Requirements
Regent University
Virginia Beach, VA - 4 years
- Online + Campus
The MBA program at Regent University, located in Virginia Beach, Virginia, uses a flexible distance learning format. The master of business administration program helps graduates move into leadership roles and increase their earning potential. A master's degree allows candidates to move up the career ladder or pursue a new career path.
The master's curriculum covers methodological and research perspectives on business. Learners choose electives and concentrations to prepare for focused career paths. The master's program builds on undergraduate training or professional experience in the business field.
Online enrollees meet any in-person requirements, such as internships, at approved sites in their local area. Common facilities and services offered at most universities, like the library or gymnasium, are accessible to students living near campus. Graduate students can build professional connections through virtual networking events and other activities.
Regent University at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 50%
Total Online Master's Programs: 6
Program Name: Master of business administration
Graduate Tuition In State: $15,552
Graduate Tuition Out of State: $15,552
#7 Online MBA Programs With No GMAT or GRE Placement Requirements
Excelsior University
Albany, NY - 4 years
- Online
The online master of business administration program is offered by Excelsior University from its Albany, New York, campus. Graduates train for leadership roles in the business field while earning their degree from the MBA program. After completing a master's degree, candidates often advance in their current field or pursue new opportunities.
The master's curriculum incorporates theoretical and applied approaches to business. Learners individualize the program to prepare for focused careers. The master's program recommends that applicants have a business background.
Online enrollees complement the classroom experience with internship opportunities in their local area. Those who live near campus can enjoy the common amenities and facilities available at most institutions, such as the library and gym. Graduate students grow their professional connections through internships and virtual networking events.
Excelsior University at a Glance:
Type of School: Private, nonprofit, four-year
Total Online Master's Programs: 24
Program Name: Master of business administration
#8 Online MBA Programs With No GMAT or GRE Placement Requirements
Baker College
Owosso, MI - 4 years
- Online + Campus
From its campus in Owosso, Michigan, Baker College hosts a master of business administration program. The MBA program emphasizes specialized skills, preparing graduates for increased responsibilities and a higher earning potential. Earning a master's degree helps candidates move into a new career path or advance in their current field.
The master's curriculum emphasizes the best practices in business administration. Learners can focus the program with electives or a concentration. The master's program recommends a background in business for applicants.
Online enrollees coordinate with the program to complete internships at approved sites in their local area. Those who live near campus can enjoy the common amenities and facilities available at most institutions, such as the library and gym. The program hosts networking events and other professional development activities to help graduate students expand their professional connections.
Baker College at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 54%
Total Online Master's Programs: 12
Program Name: Master of business administration
Graduate Tuition In State: $12,510
Graduate Tuition Out of State: $12,510
#9 Online MBA Programs With No GMAT or GRE Placement Requirements
Missouri Baptist University
Saint Louis, MO - 4 years
- Online + Campus
Graduate students seeking an online business administration degree can enroll in the master's program at Missouri Baptist University, located in Saint Louis. The MBA program builds specialized skills for leadership roles in the business field and related industries. A master's degree can also lead candidates to new career paths.
The master's curriculum blends theory and practice to provide an advanced understanding of business administration. Learners prepare for focused career paths by choosing electives and concentrations. Applicants who majored in business or a related field often meet the admission requirements.
Online enrollees meet any in-person requirements, such as internships, at approved sites in their local area. Those who live near campus can enjoy the common amenities and facilities available at most institutions, such as the library and gym. Internships and other practicum activities build both hands-on experience and professional connections.
Missouri Baptist University at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 65%
Total Online Master's Programs: 10
Program Name: Master of business administration
Graduate Tuition In State: $10,256
Graduate Tuition Out of State: $10,256
#10 Online MBA Programs With No GMAT or GRE Placement Requirements
Angelo State University
San Angelo, TX - 4 years
- Online + Campus
From its campus in San Angelo, Texas, Angelo State University offers an online master of business administration. The MBA program helps graduates move into leadership roles and increase their earning potential. After completing a master's degree, graduates often pursue career advancement in their current field or a new one.
The master's curriculum covers methodological and research perspectives on business. Learners take specialized courses to stand out in a competitive job market. Applicants without a degree in business or a related field may need to complete prerequisite requirements to enroll in the program.
Online enrollees meet any in-person requirements, such as internships, at approved sites in their local area. Many institutions provide libraries and fitness centers for use by students living on campus. The program hosts networking events and other professional development activities to help graduate students expand their professional connections.
Angelo State University at a Glance:
Type of School: Public, four-year
Admission Rate: 78%
Total Online Master's Programs: 13
Program Name: Master of business administration
Graduate Tuition In State: $4,119
Graduate Tuition Out of State: $11,481
#11 Online MBA Programs With No GMAT or GRE Placement Requirements
Parker University
Dallas, TX - 4 years
- Online
From its campus in Dallas, Texas, Parker University offers an online master of business administration. The MBA program strengthens specialized skills, preparing graduates for leadership roles with a higher earning potential. Earning a master's degree can help candidates move into a new career path or advance in their current field.
The master's curriculum explores theoretical and practical perspectives in the business field. Learners choose electives and concentrations to prepare for focused career paths. The master's program recommends that applicants bring a background in business or a related field.
Online enrollees gain hands-on experience during professional internships in their local area. The common facilities and services offered at most universities, such as the library and gym, are accessible to students who live on campus. Graduate students also build professional connections by attending networking events.
Parker University at a Glance:
Type of School: Private, nonprofit, four-year
Total Online Master's Programs: 4
Program Name: Master of business administration
Graduate Tuition In State: $12,870
Graduate Tuition Out of State: $12,870
#12 Online MBA Programs With No GMAT or GRE Placement Requirements
North Park University
Chicago, IL - 4 years
- Online + Campus
North Park University, located in Chicago, enrolls master's students in its online business administration program. The MBA program encourages career training throughout its curriculum, preparing graduates for leadership positions. With a master's degree, candidates also pursue new career opportunities.
The master's curriculum explores theoretical and practical perspectives in the business field. Learners focus the program with electives or a concentration. The master's program builds on prior business experience gained during a bachelor's program.
Online enrollees work with the program to identify internship opportunities at approved sites in their local communities. Students who live near campus can access the library and gymnasium as well as the equipment and facilities available at most institutions. Graduate students grow their professional connections through internships and virtual networking events.
North Park University at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 44%
Total Online Master's Programs: 6
Program Name: Master of business administration
Graduate Tuition In State: $13,896
Graduate Tuition Out of State: $13,896
#13 Online MBA Programs With No GMAT or GRE Placement Requirements
Emporia State University
Emporia, KS - 4 years
- Online + Campus
Graduate students interested in earning a master of business administration can pursue their degree from Emporia State University. The MBA program strengthens specialized skills, preparing graduates for leadership roles with a higher earning potential. A master's degree can also lead candidates to new career paths.
The master's curriculum examines theoretical and practical perspectives on business. Learners focus the program with electives or a concentration. The master's program builds on undergraduate training or professional experience in the field.
Online enrollees can often complete professional internships at approved locations in their community. On-campus students benefit from the library and gym facilities provided by many institutions. Graduate students also build professional connections by attending networking events.
Emporia State University at a Glance:
Type of School: Public, four-year
Admission Rate: 86%
Total Online Master's Programs: 17
Program Name: Master of business administration
Graduate Tuition In State: $6,547
Graduate Tuition Out of State: $20,365
#14 Online MBA Programs With No GMAT or GRE Placement Requirements
Bushnell University
Eugene, OR - 4 years
- Online + Campus
From its campus in Eugene, Oregon, Bushnell University hosts a top-ranked master of business administration program. The MBA program strengthens industry-specific skills, preparing graduates for leadership responsibilities. A master's degree allows candidates to move up the career ladder or pursue a new career path.
The master's curriculum emphasizes current research in the business field. Learners take electives and other specialized courses to gain career-specific training. The admission requirements include a background in business or a related field.
Online enrollees work with the program to find internship opportunities in their local area. Those who live near campus can enjoy the common amenities and facilities available at most institutions, such as the library and gym. The MBA program hosts networking events and other professional development activities to help graduate students expand their professional connections.
Bushnell University at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 68%
Total Online Master's Programs: 7
Program Name: Master of business administration
Graduate Tuition In State: $17,640
Graduate Tuition Out of State: $17,640
#15 Online MBA Programs With No GMAT or GRE Placement Requirements
Lincoln Memorial University
Harrogate, TN - 4 years
- Online + Campus
Lincoln Memorial University, located in Harrogate, Tennessee, offers a flexible online MBA program. The master of business administration program draws on a rigorous curriculum that prepares graduates for leadership responsibilities. Earning a master's degree often helps candidates move into a new career path or advance in their current field.
The master's curriculum explores theoretical and practical perspectives in the business field. Learners specialize the program by choosing from a variety of electives. The master's program builds on undergraduate training or professional experience in business.
Online enrollees gain hands-on experience during professional internships in their local area. The common facilities and services offered at most universities, such as the library and gym, are accessible to students who live near campus. The program hosts networking events and other professional development activities to help graduate students expand their professional connections.
Lincoln Memorial University at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 69%
Total Online Master's Programs: 15
Program Name: Master of business administration
Graduate Tuition In State: $20,705
Graduate Tuition Out of State: $20,705
#16 Online MBA Programs With No GMAT or GRE Placement Requirements
Blue Mountain College
Blue Mountain, MS - 4 years
- Online + Campus
The online master of business administration program at Blue Mountain College, located in Mississippi, prioritizes flexibility. The MBA program emphasizes specialized skills, preparing graduates for increased responsibilities and a higher earning potential. With a master's degree, graduates can also pursue new career opportunities.
The master's curriculum examines advanced theories and practices in business. Learners focus the program with electives or a concentration. The master's program builds on undergraduate training or professional experience in the business field.
Online enrollees complete internship programs in their local area to gain hands-on experience. Students who live near campus can access the library and gym, as well as other amenities and facilities. Graduate students also build professional connections by attending networking events.
Blue Mountain College at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 99%
Total Online Master's Programs: 3
Program Name: Master of business administration
Graduate Tuition In State: $10,530
Graduate Tuition Out of State: $10,530
#17 Online MBA Programs With No GMAT or GRE Placement Requirements
Spring Hill College
Mobile, AL - 4 years
- Online + Campus
The MBA program at Spring Hill College, located in Mobile, Alabama, uses a flexible distance learning format. Graduates train for leadership roles in the field while earning their degree from the master of business administration program. After earning a master's degree, graduates can pursue careers in various industries.
The master's curriculum explores advanced methodologies and research in business. Learners focus their training by choosing electives based on their interests and career goals. The program encourages applicants to gain experience in business before applying.
Online enrollees complete internship requirements at approved sites in their own community. Those who live near campus can enjoy the amenities and facilities available at most institutions, such as the library and gym. Internships and other practicum activities build both hands-on experience and professional connections.
Spring Hill College at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 54%
Total Online Master's Programs: 4
Program Name: Master of business administration
Graduate Tuition In State: $7,182
Graduate Tuition Out of State: $7,182
#18 Online MBA Programs With No GMAT or GRE Placement Requirements
Tennessee Wesleyan University
Athens, TN - 4 years
- Online + Campus
The online MBA program is offered by Tennessee Wesleyan University from its Athens campus. The master of business administration program builds specialized skills for leadership roles in the business field and related industries. A master's degree can also lead candidates to new career paths.
The master's curriculum emphasizes the best practices in business administration. Learners take electives and other specialized courses to gain career-specific training. Applicants without a background in business may need to complete prerequisite courses before enrolling in the MBA program.
Online enrollees add to their resume by pursuing internship opportunities at approved locations in their area. Common facilities and services offered at most universities, like the library and gymnasium, are accessible to students living on campus. The program encourages graduate students to participate in hands-on experiences and networking events to grow their professional connections.
Tennessee Wesleyan University at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 61%
Total Online Master's Programs: 2
Program Name: Master of business administration
Graduate Tuition In State: $18,490
Graduate Tuition Out of State: $18,490
#19 Online MBA Programs With No GMAT or GRE Placement Requirements
The University of Saint Mary
Leavenworth, KS - 4 years
- Online + Campus
The University of Saint Mary, located in Leavenworth, Kansas, offers a flexible online master of business administration. The MBA program emphasizes industry-relevant knowledge and skills, preparing graduates for decision-making responsibilities. After completing a master's degree, candidates often advance in their current field or pursue new opportunities.
The master's curriculum blends theory and practice to provide an advanced understanding of business administration. Learners prepare for focused career paths by choosing electives and concentrations. The master's program recommends a background in business or a related field for applicants.
Online enrollees can often complete professional internships at approved locations in their own community. Those who live near campus can enjoy the amenities and facilities available at most institutions, such as the library and gym. Graduate students grow their professional connections through internships and virtual networking events.
The University of Saint Mary at a Glance:
Type of School: Private, nonprofit, four-year
Admission Rate: 60%
Total Online Master's Programs: 2
Program Name: Master of business administration
Graduate Tuition In State: $11,124
Graduate Tuition Out of State: $11,124
#20 Online MBA Programs With No GMAT or GRE Placement Requirements
Wichita State University
Wichita, KS - 4 years
- Online + Campus
From its campus in Kansas, Wichita State University offers an online MBA program. The master of business administration program uses a rigorous curriculum to prepare graduates for advanced roles in the field. A master's degree can also lead candidates to new career paths.
The master's curriculum incorporates theoretical and applied approaches to business. Learners choose electives or a specialization to stand out in a competitive job market. The master's program builds on undergraduate training or professional experience in business administration.
Online enrollees gain hands-on experience during professional internships in their local area. Those who live near campus can enjoy the amenities and facilities available at most institutions, such as the library and gym. Internships and other practicum activities help learners build hands-on experience and professional connections.
Wichita State University at a Glance:
Type of School: Public, four-year
Admission Rate: 80%
Total Online Master's Programs: 10
Program Name: Master of business administration
Graduate Tuition In State: $5,544
Graduate Tuition Out of State: $13,615
Why Are Schools Waiving or Not Requiring the GMAT?
Given that colleges and universities have used GMAT and GRE scores for decades to evaluate applicants, the fact that so many schools have removed testing in recent years may come as a surprise.
Scoring well on the GMAT shows that you can successfully learn how to ace an exam. But it does not necessarily predict how well you can perform in classes or whether you can become an effective business manager. It cannot gauge your interpersonal and networking skills or other important abilities required to succeed in the business world. As such, it makes sense for MBA programs to consider other indicators to evaluate applicants.
Admission Requirements in Place of GMAT Scores
In the absence of GMAT scores, what do online MBA program administrators look for in potential candidates? Below, we examine some of the top requirements for online MBA programs that do not require GMAT scores.
-
1
Work Experience
Work experience shows admissions offices how candidates handle themselves in professional settings and whether they have progressed in their careers. Most programs require 2-8 years of professional work experience.
-
2
Advanced Degrees
Students who successfully navigated the rigors of graduate school are more likely to succeed in an MBA program. You can often bypass GMAT requirements if you already have a master's degree or doctorate.
-
3
GPA
A high GPA demonstrates that you can handle challenging classes without letting your grades suffer. Many schools require a 3.0-3.5 GPA to waive GMAT requirements.
-
4
Professional Licensure
Many business-related positions require licensure and/or certification (e.g., CFA, CPA, Six Sigma) to practice. Licensure demonstrates that candidates hold the skills and qualifications needed to pass industry exams. Some schools may use existing licenses and certifications to determine whether to waive GMAT scores.
-
5
Letters of Recommendation
Letters of recommendation can help an admissions office decide whether or not to admit a student without GMAT scores. Choose recommenders who can speak well about your abilities and your potential.
-
6
Essay or Personal Statement
The essay or personal statement provides you with a chance to demonstrate — in your own words — why you deserve a place in the program and how you plan to ensure your success. Use this document to highlight academic and professional accomplishments and clearly outline how you hope to use your MBA in meaningful ways.
If You Need to Take the GMAT or GRE
Even though many MBA programs no longer require applicants to take the GMAT or GRE, you may want to include your scores anyway — especially if parts of your application could be stronger.
If your undergraduate GPA is low or you lack work experience, an impressive GMAT score may help bolster your admission chances.
What if the School You Want Requires the GMAT or GRE?
Many programs continue to require standardized test scores for admission. Here's how to prepare for them:
Figure out which schools on your list require test scores. Decide which test you should take — do the schools you're looking at accept both exams? Is preference given to one over the other? Set aside plenty of time to study and sit for your exam. Ideally, give yourself enough time to retake the exam at least once in case you want to improve your initial score.
Choosing a Quality Online MBA Program
Not all business programs are created equal. Make sure you're picking a top-notch online MBA program by considering the following:
Accreditation
Test scores might be optional — but picking an accredited school definitely isn't. If you're going to invest your time and money into business school, you want future employers to trust that your education is legit.
Accreditation matters for three reasons:
- It means the school has gone through a rigorous vetting process.
- It signals to employers that your degree is valuable.
- It indicates that the program does a good job of supporting students and preparing them to succeed in the workforce.
Some organizations that accredit MBA programs include:
- Association to Advance Collegiate Schools of Business (AACSB)
- International Accreditation Council for Business Education (IACBE)
- Accreditation Council for Business Schools and Programs (ACBSP)
Affordability
Getting an MBA isn't cheap. Fortunately, the return on your investment is likely to be pretty good. Finding ways to keep your MBA costs down is one way to make sure of that.
Here are some helpful strategies to make your education more affordable:
Attend a public university in your state. (For states that differentiate between in- and out-of-state graduate tuition, in-state tuition is typically the cheapest.) Attend a university that offers in-state tuition rates for out-of-state online learners. Pick an online program that can help you save on transportation and moving costs, as well as some on-campus fees. Apply for MBA scholarships, unsubsidized and Grad PLUS loans, or grants. Apply for employer-funded tuition assistance if it's available. Consider part-time and online MBA programs that give you the flexibility to work while pursuing your degree, thus reducing lost wages and opportunity costs. Consider executive or accelerated MBA programs, which you can complete in a year.
Graduate Success
Strong student outcomes are a good indicator of a high-quality online MBA program.
Find out:
- How long does it take for graduates to land a job?
- What are their average earnings in the short and the long term?
- How active is the alumni network when it comes to helping new graduates make important connections and get interviews?
- What career resources does the program provide?
Robust Curriculum
MBA programs may offer several concentrations. Choosing a concentration allows you to learn specialized skills. Research your program offerings and select a concentration best suited for your long-term career goals.
Some of the more popular concentrations include:
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Entrepreneurship
If your goal is to operate your own small or large business, this concentration will equip you with the skills you need to get your company operational.
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Finance
This concentration prepares you for jobs in finance or risk management, such as financial analysts, investment bankers, or chief financial officers. You'll strengthen your strategy and decision-making skills.
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General Management
If you're looking to become a manager — people or operational — this concentration offers focused training in leadership, program-solving, and team building.
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Marketing
A focus on marketing is popular amongst those looking to become brand marketing managers, advertising managers, or chief brand officers. Learners build on data analytics skills and product development.
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Strategy
This concentration can prepare you for a broader variety of roles, including product managers, project managers, or general consultants. You'll learn analytical skills, how to make strategic decisions, and problem-solving skills.
Accreditation for Online MBA Programs With No GMAT Requirements
Enrolling in programs that lack accreditation can make it difficult or impossible for you to receive federal student aid, transfer credits, apply for licensure, or find a job. Schools can receive accreditation from one of several regional bodies. These bodies assess colleges and universities to ensure they provide meaningful support services, relevant curricula, and qualified faculty. Use the U.S. Department of Education's Database of Accredited Postsecondary Institutions and Programs to make sure your chosen school is accredited.
Programmatic accreditation matters because it ensures MBA programs meet industry expectations and teach students about relevant topics. Important organizations that accredit online MBA programs with no GMAT requirement include the Association to Advance Collegiate Schools of Business and the Accreditation Council for Business Schools and Programs.
MBA Employment Outlook
According to the Bureau of Labor Statistics, business and financial professionals made a median annual wage of $76,570 in May 2021, far higher than the median annual salary of $45,760 for all jobs. A recent GMAC survey found that MBA graduates can earn a median salary of $115,000.
GMAC also reported that post-pandemic, demand for MBA graduates is more robust than ever: 91% of recruiters planned to hire MBA grads in 2021.
"Nine in ten corporate recruiters expect the demand for business school graduates to increase or remain stable in the next five years — an indicator that graduate management talent is integral to organizational growth plans."
Salary Opportunities for MBA Graduates
If you have ever wondered what you can do with a business degree, the table below describes popular specializations and jobs for online MBA graduates.
| Job | MBA Specialization | Average Base Salary |
|---|---|---|
| Medical Director | Healthcare Administration | $214,630 |
| Chief Marketing Director | Marketing Management | $175,440 |
| Chief Technology Officer | Information Management | $166,540 |
| Chief Executive Officer | Executive and Organizational Leadership | $156,450 |
| Chief Financial Officer (CFO) | Finance Accounting | $141,280 |
Sources: Payscale
Interesting MBA No-GMAT Programs
Frequently Asked Questions About MBA Programs Without the GMAT
You do not always need a GMAT score to pursue an online MBA. Some programs require standardized test scores, but many do not. See the list above for online MBA programs that don't require a GMAT.
Yes! Many schools — both online and in person — accept students without GMAT scores. Other schools require standardized test scores for admission but may accept the GRE in place of the GMAT.
No. Some MBA programs accept the GRE instead of the GMAT, and others do not require any standardized test scores for admission.
TheBestSchools currently ranks the University of Southern California #1 out of the top 10 best online MBA programs.
But the best MBA program for you depends on your goals, your budget, and other personal factors.
The total cost of tuition for the 10 best online MBA programs ranges from $7,500 (in state) to $89,550 (out of state).
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