Affordable Online MBA Programs: No GMAT Required

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Top Affordable Online MBA Programs with No GMAT Required Badge

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.

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.

Online MBA Programs for You

Grow your career, leadership, and business acumen with an accredited online MBA program.

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.

    On average, CEOs make $157,000 per year, according to PayScale, and the Bureau of Labor Statistics (BLS) projects employment of top executives to grow by 6% between 2018 and 2028.

  • 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.

    According to PayScale, these professionals make $135,000 per year on average. Like other top executive positions, the BLS projects employment in this career to grow by 6% between 2018 and 2028.

  • 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.

  • Project Manager

    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.

  • Business Law

    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.

See More Top MBA Programs

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.

Top Affordable Online MBA Programs With No GMAT Requirement for 2020

  1. Freed-Hardeman University
    Location

    Henderson, TN

    Tuition

    $$$$$

    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.

    Concentrations

  2. Concordia University-Chicago
    Location

    River Forest, IL

    Tuition

    $$$$$

    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.

    Concentrations

  3. Baker University
    Location

    Baldwin City, KS

    Tuition

    $$$$$

    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.

    Concentrations

  4. Northwest Nazarene University
    Location

    Nampa, ID

    Tuition

    $$$$$

    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.

    Concentrations

  5. Concordia University-Saint Paul
    Location

    Saint Paul, MN

    Tuition

    $$$$$

    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.

    Concentrations

How We Rank Online MBA Programs

Want to know how we create our rankings? We assess schools based on academic quality, affordability, online flexibility, and student success.

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