Whether your goal is to become the next CEO of a Fortune 500 company or you want to finally launch your own business and take control of your daily schedule, earning an affordable online MBA is a great way to progress towards your career goals without putting your current job on hold. If you've been putting off earning an online MBA because you haven't taken the GMAT, consider applying for online MBA programs with no GMAT requirements.
To help make your search easier, we've compiled a list of the best online MBA programs that do not require GMAT scores. We'll also discuss the benefits of earning an online MBA, common MBA curricula, and how to select the right program for your needs.
Here are the 10 Best Affordable Online MBA Programs with No GMAT Requirement:
- Freed-Hardeman University - Henderson, TN
- Concordia University - Chicago - River Forest, IL
- Baker University - Baldwin City, KS
- Northwest Nazarene University - Nampa. ID
- Concordia University - Saint Paul - Saint Paul, MN
- Norwich University - Northfield, VT
- University of Illinois at Urbana-Champaign - Champaign, IL
- Olivet Nazarene University - Bourbonnais, IL
- Maharishi International University - Fairfield, IA
- Messiah College - Mechanicsburg, PA
Top Affordable Online MBA Programs With No GMAT Requirement for 2020
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
|Location Henderson , TN||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 2,037||Tuition $18,300||School Type Private||
Located in Henderson, Tennessee, and affiliated with the Church of Christ, FHU traces its origins to 1869. With more than 2,000 students, FHU offers undergraduate and graduate programs through six academic schools and colleges.
FHU's online MBA includes 30 credit hours of coursework, which learners can complete in as little as one year. The comprehensive MBA curriculum integrates core classes in managerial aspects of operations, marketing, finance, and accounting. Learners study analytical decision-making for business and team leadership in addition to completing elective coursework in taxation, business law, or fraud examination.
Applicants must demonstrate prerequisite coursework to meet common professional component requirements as defined by the Accreditation Council for Business Schools and Programs. To apply, individuals must submit transcripts from previous college coursework and a copy of government-issued identification.
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Concordia University - Chicago
|Location River Forest , IL||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 6,005||Tuition $27,690||School Type Private||
Founded as a teachers college in 1864, CUC functions as one of nine institutions within the Concordia University System. Operated by the Lutheran Church-Missouri Synod, CUC sits on 40 acres in River Forest, Illinois.
Students can earn an online MBA from CUC in as little as one year. CUC's MBA curriculum features four pillars: ethics and social responsibility, critical thinking and entrepreneurial mindsets, communication and human relations, and global interconnectedness and inclusiveness. At the end of the program, learners participate in a signature project highlighting degree competencies and career goals.
Requiring 36 credit hours, the degree also allows students to specialize in one or two of 11 concentrations. Available focus areas include entrepreneurship, finance, nonprofit management, and sports management.
Applicants to CUC's no-GMAT MBA provide an objective statement, transcripts, two letters of recommendation, and a resume. Full admission requires a minimum cumulative 2.85 GPA.
|Location Baldwin City , KS||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 2,769||Tuition $19,800||School Type Private||
As a private, Methodist college in Baldwin City, Kansas, BU holds distinction as the first university established in Kansas. BU houses four academic colleges and schools, enrolling more than 3,200 students annually.
BU's online MBA requires 33 credit hours of coursework, which learners can complete in as little as one year. Most students earn their MBA from BU in 18-20 months. Twenty-one credit hours of core classes accompany 12 credit hours of concentration coursework.
BU's finance MBA focuses on financial decision-making, the healthcare administration MBA explores business aspects of the healthcare industry, and the MBA in human resources trains students to thrive in areas like employee development, staffing, and retention. The leadership and organizational change MBA at BU fosters managerial skills through coursework in organizational behavior and corporate responsibility.
Online MBA students pay $600 per credit hour. Applicants must provide transcripts from regionally accredited bachelor's degrees.
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Northwest Nazarene University
|Location Nampa , ID||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 2,201||Tuition $19,635||School Type Private||
Based in Nampa, Idaho, NNU provides educational programs at locations throughout the region and online. Founded in 1913, the university holds affiliation with the Church of the Nazarene and offers an online MBA consisting of 33-48 credit hours.
Learners can earn a general MBA in as little as 16 months. Thirty-three credit hours of core classes integrate knowledge and skills in corporate finance, quantitative methods, leadership development, and strategic management.
Students may complete 9-19 additional concentration credit hours. MBA specializations in healthcare and sports management include nine credit hours, while the accounting concentration prepares students for the certified public accounting exam through 12 credit hours of coursework. NNU's religion MBA integrates additional classes in spiritual formation, ministry and culture, and missional discipleship.
To apply for NNU's no-GMAT MBA program, learners submit transcripts, two recommendations, a personal essay, and a resume.
Concordia University - Saint Paul
|Location Saint Paul , MN||Tuition $$$$$||% Receiving Financial Aid 98||Student Population 5,054||Tuition $26,250||School Type Private||
As one of 10 schools within the Concordia University System, CSP operates under the authority of the Lutheran Church-Missouri Synod. Opened in 1893, CSP provides more than 80 academic programs, including an online MBA that requires learners to complete 36 credit hours.
CSP's online MBA interweaves coursework in business fundamentals with special topics courses. Learners study organizational leadership and development, managerial finance and accounting, and research methods and design. They also cover marketing, operations management, and human resources.
Topics classes within the MBA curriculum explore vocation and value, mastery of future industry, and reflection and bridging to the future. CSP also offers online MBAs in healthcare management and healthcare compliance, which comprise 39 and 47 credit hours, respectively.
To apply to CSP, learners provide transcripts documenting a minimum 3.0 GPA and a personal statement.
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|Location Northfield , VT||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 3,986||Tuition $29,088||School Type Private||
As the first private military college in the nation, Norwich opened its doors in Norwich, Vermont, in 1819. Now located in Northfield, Vermont, Norwich offers undergraduate programs to its cadet corps, with graduate and continuing opportunities available to civilians.
By completing 36 credit hours, students earn an online MBA from Norwich in 18 months, on average. The curriculum includes core and concentration coursework alongside a one-week residency. During the culminating experience on Norwich's campus, learners participate in formal and informal educational activities.
The MBA core at Norwich builds fundamental business knowledge and skills. Students choose specialization classes from eight areas to customize their degrees. Available concentrations include organizational leadership, technology management, and energy management.
Norwich allows students to transfer up to 12 credit hours into the MBA program. Applicants submit transcripts, a resume, and a letter of intent.
University of Illinois at Urbana-Champaign
|Location Champaign , IL||Tuition $$$$$||% Receiving Financial Aid 64||Student Population 49,702||Tuition $36,576||School Type Public||
Established in 1867, U of I is the flagship institution within the University of Illinois system. Home to 16 academic schools and colleges, U of I holds distinction as an R1 university.
The online MBA at U of I includes core coursework from four specialization areas. Students choose two additional focus areas, and their programs culminate in an experiential learning requirement.
Specialization areas include strategic leadership and management, managerial economics and business analytics, value chain management, and financial management. Focus areas allow learners to explore global challenges in business, entrepreneurship, digital marketing, or business analytics.
Applicants must hold an accredited bachelor's degree with a minimum 3.0 GPA from their most recent two years of coursework. They must also possess at least three years' professional experience for admission.
Olivet Nazarene University
|Location Bourbonnais , IL||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 4,655||Tuition $24,300||School Type Private||
Founded in Olivet, Illinois, in 1907, ONU moved to its current location in Bourbonnais, Illinois, in 1940. Affiliated with the Church of the Nazarene, ONU enrolls nearly 5,000 students annually.
ONU's online MBA includes 36 credit hours of coursework. Students can earn their MBA in 18 or 24 months, and they can choose to participate in a global immersion trip as part of their curriculum.
ONU's MBA core emphasizes professional communication, managerial accounting and finance, business strategy and decision-making, and data acquisition and analysis. Learners complete accompanying certificate classes in leadership, healthcare leadership, or corporate communications. Additional certificate areas include nonprofit management and intercultural competence.
To apply, individuals must provide transcripts with a minimum 2.5 GPA in addition to a professional resume.
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Maharishi International University
|Location Fairfield , IA||Tuition $$$$$||% Receiving Financial Aid 75||Student Population 1,589||Tuition $28,800||School Type Private||
Formerly known as the Maharishi University of Management, MIU was founded in Fairfield, Iowa, in 1971. Featuring a consciousness-based education system, MIU fosters self-discovery, inner growth, and academic excellence.
The university offers a 58-credit-hour online MBA in sustainable business. Students complete this degree in six semesters. MIU's MBA program begins with coursework in science and technology consciousness. Learners also take 18 credit hours of MBA foundation coursework in accounting, finance, marketing, and management information systems.
Sixteen credit hours of sustainable business courses explore green investing and marketing, strategies for sustainable businesses, sustainable technologies, and metrics for sustainability. Learners choose 16 credit hours of elective classes, and they also complete a capstone project.
MIU does not require GMAT scores, but the school recommends that applicants take the exam. Application requirements include a four-year degree with a minimum 3.0 cumulative GPA or a minimum 3.2 GPA from the two most recent years of coursework.
|Location Mechanicsburg , PA||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 3,375||Tuition $24,840||School Type Private||
Established by the Brethren in Christ Church in 1909, Messiah occupies nearly 500 acres in Mechanicsburg, Pennsylvania. With almost 200 undergraduate and graduate programs, Messian enrolls over 3,300 students each year.
Messiah's online MBA includes 36 credit hours of coursework, which learners complete in two years. The MBA core integrates 27 credit hours of classes in business strategy and execution, global business and economic development, and leadership best practices. Learners participate in a cumulative capstone requirement at the end of their degree, working closely with an organization of their choice.
The MBA curriculum at Messiah allows students to specialize in five concentration areas. Learners can focus on digital marketing, management, social entrepreneurship, or strategic leadership. Additionally, the dietetics concentration includes a 19-credit-hour internship.
Applicants submit transcripts, a personal statement, resume, and one recommendation letter.
Saint Mary's University of Minnesota
|Location Winona , MN||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 5,560||Tuition $19,950||School Type Private||
Saint Mary's, located in Winona, Minnesota, offers undergraduate and graduate programs infused with Lasallian Catholic faith. Founded in 1912 as a college for men, Saint Mary's enrolls over 5,500 coeducational students each year.
Learners can complete the accelerated online MBA at Saint Mary's in one year. The 30-credit-hour curriculum includes 18 credit hours of core classes. Learners study managerial accounting and economics, operations management, and quantitative decision-making in anticipation of a strategic management capstone requirement.
Specialized topic, elective, or concentration coursework provides students with advanced knowledge and skills in data analytics, marketing and social media, healthcare administration, or financial services and banking.
Applicants must provide transcripts from regionally accredited bachelor's degrees with a minimum 2.5 GPA. Additional required application materials include a resume, two letters of recommendation, and a personal statement.
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|Location Saint Paul , MN||Tuition $$$$$||% Receiving Financial Aid 99||Student Population 3,692||Tuition $30,366||School Type Private||
The largest institution within the Christian College Consortium, BU calls St. Paul, Minnesota, home. Affiliated with Converge, formerly known as the Baptist General Conference, BU offers more than 100 undergraduate and graduate programs through four academic schools.
The online MBA at BU includes 42 credit hours of coursework, which students complete in 18-24 months. Core classes in business analytics, managerial accounting and finance, business strategy, and leadership theory accompany an integrative team capstone. During their MBA program, learners prepare MBA portfolios to synthesize degree content and propel their careers.
Throughout the MBA curriculum, learners prepare to become ethical, spiritually developed leaders. Students can customize their MBAs to focus on finance, management, strategy and execution, or healthcare administration.
BU requires applicants to possess two years of work experience and a regionally accredited bachelor's degree with a minimum 3.0 GPA. Application materials include transcripts, a resume, a statement of purpose, and two professional references.
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Cardinal Stritch University
|Location Milwaukee , WI||Tuition $$$$$||% Receiving Financial Aid 99||Student Population 2,148||Tuition $25,745||School Type Private||
Initially a teachers college for the Sisters of St. Francis of Assisi, Stritch continues to impart Catholic, Franciscan values and academic excellence. Stritch, located in Milwaukee, Wisconsin, houses four academic colleges and enrolls over 2,300 coeducational students each year.
Stritch's online MBA includes 24 credit hours of core coursework in addition to nine credit hours of concentration classes. The MBA core explores ethics and leadership, managerial accounting, and business and analytics, culminating in a capstone requirement.
Stritch offers both a general MBA and a healthcare administration MBA. The general MBA allows learners to complete elective courses in topics such as nonprofit management, global marketing, and entrepreneurship. Health administration students focus on healthcare information management, human resources in healthcare, and legal and regulatory issues in the field.
Applicants to Stritch's no-GMAT MBA need a minimum 2.75 cumulative GPA from a regionally accredited bachelor's degree along with three years of relevant work experience.View School Profile
Spring Arbor University
|Location Spring Arbor , MI||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 3,436||Tuition $25,812||School Type Private||
Affiliated with the Free Methodist Church, SAU began as a seminary in 1873. Based in Spring Arbor, Michigan, SAU offers more than 70 Christ-centered academic programs, including an online MBA that students complete in 12-18 months.
Within SAU's 36-credit-hour MBA curriculum, learners complete core classes in statistics, marketing, accounting, and leadership. They study international business, participating in an optional trip as part of the course, and they complete a cumulative MBA capstone study.
Students choose from five MBA specializations. The management MBA emphasizes an ethical approach to business management, while the executive leadership MBA focuses on strategic growth. Additional concentrations include human resource development, healthcare administration, and organizational consulting.
Applicants must hold a regionally accredited bachelor's degree with a minimum 3.0 GPA from their two most recent years of coursework. Required application materials include official transcripts and two recommendations.
Saint Joseph's College of Maine
|Location Standish , ME||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 2,106||Tuition $23,394||School Type Private||
Founded by the Sisters of Mercy in 1912, SJC occupies nearly 500 acres in Standish, Maine. As a private, Catholic institution, SJC received its charter from the Maine Legislature in 1915 and it currently enrolls roughly 2,500 students.
SJC's online foundational MBA integrates core and concentration coursework into 39 credit hours, which learners can complete in as little as 18 months. The MBA core explores leadership and lifelong learning, business and organizational dynamics, and the economy as a system. Learners study statistical thinking, social and environmental responsibility, and marketing as well.
MBA concentrations at SJC require nine credit hours of coursework. Students can specialize in one of nine areas, such as health sector management, training and development, quality and continuous improvement, and human resources. Additional concentrations emphasize sports administration, ethics, and finance.
To apply, learners submit a resume, an essay, and transcripts. Applicants must demonstrate a minimum 2.5 GPA; the university prefers applicants with completed coursework in economics, finance, and accounting.
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Mount Vernon Nazarene University
|Location Mount Vernon , OH||Tuition $$$$$||% Receiving Financial Aid 95||Student Population 2,243||Tuition $17,928||School Type Private||
Founded by the Church of the Nazarene in 1968, MVNU offers academic programs from its main campus in Mount Vernon, Ohio, and at locations around the region and online. MVNU's online MBA includes 36 credit hours of coursework, which learners can complete in roughly 19 months.
MVNU's MBA core enhances knowledge and skills in ethical leadership, managerial economics and accounting, global business, and corporate finance. The 27-credit-hour MBA core also explores organizational behavior and strategic management.
Students choose from nine concentration areas, each comprising nine credit hours of coursework. MVNU offers online MBAs in accounting, business data analytics, finance, and human resource management. Specializations in human and social services leadership, logistics management, marketing, and organizational management accompany an MBA in ministry leadership.
Applicants to MVNU's no-GMAT MBA submit transcripts for evaluation by an enrollment specialist for an admission decision.
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|Location Elgin , IL||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 1,256||Tuition $25,380||School Type Private||
Located in Elgin, Illinois, Judson began as a seminary in 1913. With more than 1,200 students, Judson functions as a conservative, evangelical Christian institution guided by Baptist beliefs.
Judson's online MBA includes 36 credit hours, which students can complete in as little as 18 months. Core courses in managerial economics, accounting, and finance accompany classes in business analytics, ethical leadership, and marketing. Judson's MBA curriculum emphasizes leading high-performance teams, organizational culture and politics, and strategic communication.
During a cumulative MBA capstone, learners synthesize degree content by producing a formal paper and partaking in an international business simulation activity.
On-campus and online students pay the same tuition. Applicants must submit transcripts with a minimum 3.0 GPA, two letters of recommendation, and a personal essay. Additional application materials include a resume documenting at least two years of relevant work experience.View School Profile
The Sage Colleges
|Location Troy , NY||Tuition $$$$$||% Receiving Financial Aid 99||Student Population 2,633||Tuition $30,450||School Type Private||
A collection of three institutions in New York, The Sage Colleges traces its origins to 1916. The Sage Colleges enrolls roughly 3,000 students, providing undergraduate and graduate programs from locations in Troy, Albany, and online.
The online MBA at The Sage Colleges includes 42 credit hours of core and concentration coursework. The MBA core emphasizes managerial economics, management information systems, change and innovation, and critical thinking in a complex world. Learners also study leadership and ethics, research design, and executive decision-making.
Nine credit hours of concentration coursework allow students to hone their marketing or human resource management knowledge and skills. All learners finish the degree by taking a competitive advantage capstone course.
Students lacking previous coursework in accounting, economics, and statistics may take additional credit hours to earn their MBAs. Applicants submit a resume, recommendation forms, a career goals essay, and transcripts.
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Trevecca Nazarene University
|Location Nashville , TN||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 3,927||Tuition $20,280||School Type Private||
One of eight liberal arts colleges affiliated with the Church of the Nazarene, Trevecca occupies a main campus in Nashville, Tennessee. Established in 1901, Trevecca offers holistic, Christ-centered programs to nearly 4,000 students annually.
Trevecca's online MBA, offered along a cohort model, includes 30 credit hours of core coursework. Learners take classes in organizational behavior, business analytics, business ethics and organizational culture development, and global and economic environments.
Nine credit hours of concentration coursework round out the two-year program. Students can customize their MBA at Trevecca by specializing in topics like data analytics, management and leadership, or project management. Additional concentration areas include human resources and healthcare administration.
Each MBA student at Trevecca receives a designated mentor. Applicants must provide transcripts documenting a minimum 2.75 cumulative GPA from all previous coursework in addition to a copy of a government-issued form of identification.
Tennessee Wesleyan College
|Location Athens , TN||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 1,008||Tuition $15,000||School Type Private||
Located in Athens, Tennessee, TWU holds affiliation with the United Methodist Church. Established in 1857, TWU offers more than 30 undergraduate and graduate programs, including a 30-credit-hour online MBA.
TWU's online MBA integrates 10 courses of core and concentration content. Full-time students can earn their degrees in as little as one year, while part-time learners typically complete the MBA program at TWU within two years.
Core classes emphasize ethical decision-making, critical analysis and problem-solving, and strategic orientation. Additional core coursework in sustainability and global enterprise accompany concentration classes in management or accounting. All students participate in a strategic management course at the end of the program.
Applicants provide transcripts documenting a minimum 2.75 GPA along with three letters of recommendation and a current resume.
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University of Findlay
|Location Findlay , OH||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 4,870||Tuition $21,945||School Type Private||
Partnered with the Churches of God and the city of Findlay, Ohio, UF opened its doors in 1882. UF offers more than 90 academic programs to nearly 4,000 undergraduate and graduate students each year.
Students can complete the online MBA at UF in as little as one year. Those lacking prerequisites in accounting, economics, and finance may have to complete additional coursework, extending their program length.
UF's MBA curriculum explores leadership and organizational behavior, decision-making and systems analysis, and business strategy implementation. The MBA core also enhances managerial knowledge and skills in finance, human resources, and accounting.
UF offers concentrations for individuals seeking to pursue careers in accounting and healthcare management. Optional second concentrations include finance, human resource management, international business, and marketing.
To apply, learners must provide transcripts from previous college coursework with a minimum 2.5 GPA from their most recent 60 credit hours of undergraduate courses. Applicants might also demonstrate a minimum 3.0 GPA from at least nine hours of previous graduate work.
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|Location Troy , MI||Tuition $$$$$||% Receiving Financial Aid 58||Student Population 2,006||Tuition $24,510||School Type Private||
Established in 1922, Walsh offers comprehensive programs that unite theory, application, and professional experience to prepare business leaders. With a main campus in Troy, Michigan, Walsh delivers academic programs at locations in Novi, Clinton Township, Port Huron, and online.
Walsh's online MBA includes 30 credit hours of coursework, which learners can complete in under 18 months. The comprehensive MBA curriculum integrates classes in financial and managerial accounting, economic analysis, financial principles, and information technology. Students build expertise in marketing, organizational leadership, and design thinking, while developing advanced business analytic skills.
Through an additional 4-6 courses, Walsh's MBA students can complete dual degrees in finance, management, marketing, or information technology leadership.
Applicants to the online MBA at Walsh should provide transcripts from regionally accredited bachelor's degrees demonstrating a minimum 2.75 GPA.View School Profile
|Location Bellevue , NE||Tuition $$$$$||% Receiving Financial Aid 89||Student Population 9,621||Tuition $21,060||School Type Private||
Established in 1966, BU focuses on providing adult education and educational outreach. Based in Bellevue, Nebraska, the university offers more than 80 undergraduate and graduate programs through four academic colleges.
The online MBA at BU blends hands-on learning with theory through 36 credit hours of coursework. Students complete 27 credit hours of core courses in business performance management, human capital and organizational performance, financial management, and business analytics.
Through nine credit hours of concentration classes, MBA learners at BU can customize their degrees in areas like executive coaching, human capital management, or information security. With 19 specializations available, students can also focus on areas like professional communication, interdisciplinary business, or entrepreneurship.
Applicants to BU's no-GMAT MBA should provide transcripts from previous college coursework demonstrating a minimum 2.5 GPA from their most recent 60 credit hours of undergraduate courses. They can also show a minimum 3.0 GPA from previous graduate coursework. BU may request letters of recommendation and essays on a case-by-case basis.
Salve Regina University
|Location Newport , RI||Tuition $$$$$||% Receiving Financial Aid 99||Student Population 2,647||Tuition $21,780||School Type Private||
Founded by the Sisters of Mercy in 1934, Salve Regina sits on 80 acres in Newport, Rhode Island. Dedicated to its Catholic heritage, Salve Regina offers more than 80 academic programs to nearly 2,800 students annually.
Students typically complete Salve Regina's 36-credit-hour online MBA in 18-24 months. The MBA core explores managerial aspects of finance, accounting, and general business operations. Learners also examine managing in a global economy, creative problem-solving, and social justice and business ethics in anticipation of a strategic management and business policy capstone requirement.
Elective coursework and optional concentrations allow learners to customize their MBAs. Concentrations include cybersecurity issues in business, entrepreneurial enterprise, and healthcare administration and management. Students can also specialize in nonprofit management or social ventures.
Applicants provide transcripts, a personal statement, a resume, and two letters of recommendation.
University of Scranton
|Location Scranton , PA||Tuition $$$$$||% Receiving Financial Aid 97||Student Population 5,286||Tuition $34,740||School Type Private||
Steeped in Jesuit, Catholic traditions, Scranton enrolls nearly 3,800 undergraduate and graduate students each year. Established in 1888, Scranton holds true to the mission of the Society of Jesus, uniting spiritual inquiry and academic excellence throughout its nearly 200 academic programs.
Scranton offers an online MBA comprising 36 credit hours. Students complete core classes in accounting, economics, and finance; operations, analytics, and information; and management and marketing.
Six to 18 credit hours of general elective or concentration courses allow students to hone their business knowledge and skills. MBA specializations at Scranton include accounting, business analytics, finance, and enterprise resource-planning. Learners can also complete concentrations in healthcare management, human resources, international business, or operations management.
Applicants must hold an accredited bachelor's degree demonstrating a minimum 3.0 GPA in addition to three years of supervisory or professional experience.
When calculating our rankings, we try to include the factors that are most important to students. We consider the overall cost of the program, the average loan default rate among the school's students in recent years, and the percentage of students attending the school who have accepted federal loans. We also require that each school be accredited by either the AACSB or ACBSP for consideration.
$15K - $25K
$25K - $40K
$40K - $60K
What Is the GMAT?
GMAT stands for Graduate Management Admission Test. Students take this timed, multiple-choice test online. Test-takers get three hours and seven minutes, which includes one 62-minute section, two 30-minute sections, and one 65-minute section. The purpose of the test is to determine a baseline of an individual's analytical, writing, quantitative, verbal, and reading skills.
Some schools set rigorous standards for GMAT scores, such as a minimum requirement of 740 or above. But luckily, you can still find many quality programs that don't require you to take the test at all.
Why Should You Get an Online MBA?
Earning an MBA opens more doors than you could imagine. This degree does more than just impress potential clients and employers. It also provides learners with the skills they need to effectively manage a business, whether it is a small enterprise or large corporation. On average, individuals with this degree earn $87,000 per year, according to PayScale.
This degree doesn't just position you to become a business owner. Professionals who earn their MBA often go on to become project managers or senior financial analysts. You could even start your own consulting firm to help entrepreneurs grow their businesses.
Earning this degree online allows you the flexibility to complete your education on your own schedule from anywhere with Wi-Fi. Many full-time, in-person programs make it difficult to juggle a full-time job and maintain a healthy personal life. By pursuing your degree online, you can still earn money by working at your full-time job, and you can even apply what you are learning through your online studies to your current workplace.
What Can You Do With an MBA?
Chief Executive Officer
A chief executive officer (CEO) oversees an entire organization. They are in charge of making most major executive business decisions with help from a trusted board of advisors. CEOs help department directors set manageable goals and create strategic plans for reaching those goals. These professionals must also maintain positive relationships with company stakeholders to protect the company's future.
Vice President, Operations
The vice president of operations is in charge of overseeing a company's day-to-day operations rather than big-picture concepts. These professionals must possess strong leadership and evaluation skills to help guide a business's performance. They must also evaluate resources to enhance their company's outputs, look for new revenue streams, and identify cost-efficient solutions to problems.
These executives make an average of $128,000 per year, according to PayScale. The BLS projects employment of top executives, including vice presidents of operations, to grow by 6% between 2018 and 2028.
Divisional Vice President, General Manager
A general manager divisional vice president typically oversees one division within a large company. They must ensure that the employees within their division have safe and healthy working environments where they can meet their goals. These VPs also aim to make their department more profitable and constantly evaluate ways to increase revenue.
Administrative Services Manager
Administrative services managers oversee supportive functions within organizations. Such services may include bookkeeping, office maintenance, and mail distribution. Common job responsibilities include creating goals for their department, overseeing maintenance of company equipment and electrical systems, and ensuring that work environments meet safety and health regulations.
On average, these professionals make $96,180 per year. The BLS projects employment in this career to grow by 7% between 2018 and 2028. Most of these professionals work 40 or more hours per week.
These professionals oversee projects on behalf of a company. Typically, projects have set start and end dates, and when one project finishes, a project manager receives a new one. Sometimes, these individuals must manage more than one project at a time. They work to create realistic timelines and goals and delegate tasks. To thrive in this position, candidates must possess strong communication and organization skills.
On average, project managers earn $74,000 per year, according to PayScale.
Online MBA Curriculum
Before signing up for a no-GMAT MBA program, make sure to research the required curriculum. Program topics can vary significantly from program to program. Schools typically offer different concentrations and focus areas, so look for a program with courses in your field of interest. Below, we've listed three common classes that you can expect to take during an MBA program.
Accounting Concepts for Managers
Accounting MBA classes typically focus on leadership in tasks such as bookkeeping, budgeting, and financial analysis. This class covers basics in accounting, so it suits learners who have never taken an accounting class before.
Fundamentals of Economics
In this economics course, students learn how the economy can affect business operations. This class usually covers microeconomic and macroeconomic theory. Topics may include supply and demand, inflation, trade, and current economic trends.
Overseeing a business requires in-depth knowledge about legal regulations and ethics. This course covers topics such as contracts, liability, and torts. Business law courses also examine ethics related to sustainability.
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How to Choose the Right Online MBA
Choosing the best online MBA takes research and dedication. One of the most important factors to consider before signing up for a program is its accreditation status. Choosing a school with regional accreditation rather than national accreditation will ensure that you earn a degree from a reputable school. MBA programs can also earn programmatic accreditation. The Association to Advance Collegiate Schools of Business is one prominent accrediting body for business programs.
An MBA stands out from other business-related master's programs because it provides a broad overview of important business functions, which can position you to become a successful leader in your field. Degrees like a master of management or a master of finance focus on one branch of a business and are better options for individuals who wish to oversee day-to-day business operations rather than big-picture issues.
Of course, cost is another important deciding factor. Luckily, there are many affordable online MBA programs with no GMAT requirements. Although you can hopefully earn a higher-paying job after graduation, choosing a more affordable program can prevent you from paying a hefty student loan bill.
You should also pay attention to the school's location and extracurricular graduation requirements. For example, although some programs may advertise themselves as online-only, they may require you to attend an in-person orientation or internship. In addition, capstone projects and thesis papers could include some in-person requirements.