Online MBAs Without GMAT Requirements
Many top, accredited universities have changed their outlook on requiring applicants to take the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE). There now are many opportunities at a wide variety of schools to earn an online MBA no-GMAT required or an online master’s no-GRE required. That’s good news for several reasons.
Those who do well in school but not as well on standardized tests will be relieved to learn that they can be considered on the merits of their academic and extracurricular record, not test scores.
The cost of taking the test, typically between $150 to $250, is eliminated in a no-GMAT program, as are any additional fees for late registration, rescheduling and score reviews. That's money you put toward tuition, books and living expenses.
Time also will be saved. Some experts estimate the time spent studying and taking the GMAT is more than 100 hours on average.
Accreditation is critical for those searching for an online no-GMAT or no-GRE school. These schools must be regionally accredited by one of the six U.S. regional accrediting bodies in order for graduates to get the full value out of their degree. Students pursuing programs such as executive MBA no-GMAT, accounting MBA no-GMAT or leadership MBA no-GMAT should ensure their business schools are nationally accredited by the Association to Advance Collegiate Schools of Business (AACSB).
A great place to start finding the school that best matches your requirements are with the no-GMAT and no-GRE required programs listed below from accredited universities.
Learn More: MBA No GMAT Required
Taking a standardized test is quite different than knowing a subject well enough to do well in the classroom or even classroom tests. For some people, the pressure and stress of taking the GMAT, GRE or MAT test can lead to poor performance. Some also believe that the test is not predictative of graduate school performance. Based partly on these reasons, many schools have changed their approach to graduate school admissions and are accepting students without requiring them to take a standardized test.
Many distance learning schools are No-GMAT. Some schools have dropped the GMAT requirement for specifc kinds of MBAs, For example, the schools that have dropped the GMAT for executive MBAs include the University of California-Los Angeles' Anderson School of Management and Northwestern University's Kellogg School of Management. Both of these are among the top-ranked business schools in the United States.
No GMAT MBA Accreditation
When searching for a No-GMAT or No-GRE school, it is imperative to make sure that the university is accredited. This means that the degree program has gone through a rigorous evaluation by a governing body that looks at every aspect of the program. Also, it's generally considered best if a school is regionally accredited as opposed to nationally accredited.
The following organizations grant regional accreditation to institutions based on their geographic region in the United States:
MBA Salary Potential
Getting an MBA can have a big affect on your salary, according to a variety of sources. Typically, those with a MBA are also considered for the top jobs in an organization.
As an example, the McCombs School of Business at The University of Texas-Austin has offered numbers about earnings of those with a MBA:
Also, Payscale reports on the mid-career salaries for graduates from programs at top business schools. These numbers, from the 2015-2016 College Salary Report, include:
Mean base salary: $107,272
Mean spring bonus: $25,139
Mean guaranteed bonus: $13,445
Harvard Business School MBA - $190,000
Wharton School of the University of Pennsylvania MBA - $182,000
Stanford University Graduate School of Business MBA - $175,000
Massachusetts Institute of Technology (MIT) - Sloan School of Management - MBA - $171,000
University of California, Berkeley - Haas School of Business - MBA -$169,000
The Best Online MBA Programs
There are various rankings for MBA programs available. According to the U.S. News Best Online MBA Programs rankings, the following schools are among the best of the best, with the name of the business school in parantheses.
1. Indiana University - Bloomington (Kelley)
2. Temple University (Fox)
3. University of North Carolina - Chapel Hill (Kenan-Flagler)
4. Arizona State University (Carey)
5. University of Florida (Hough)
MBA & GMAT Related Resources
Resources and information to help further your search for MBA and graduate programs. These articles can provide you further information on attaining a MBA through a No-GMAT degree program.
The GMAT, GRE and MAT Standardized Tests
The GMAT, GRE and MAT are standardized tests that educational institutions often require before you can pursue an advanced degree. Each has a specific purpose:
Graduate Management Admission Test (GMAT) – Designed by business schools to assess the ability of MBA applicants, the GMAT is a computer-adaptive exam that measures verbal, quantitative and writing skills. At a cost of $250 it is the most expensive graduate assessment test, which has led some institutions to start offering online MBA without GMAT programs.
Graduate Record Examinations (GRE) – The GRE also measures verbal, quantitative and writing skills but is geared more toward academic subjects. It costs $150 each time you take it (more outside the U.S.) and has many associated fees, such as $50 to reschedule, change your testing center or receive a score review.
Miller Analogies Test (MAT) – The MAT is a analogies exam that requires broad knowledge of western culture. It tests your understanding of subjects such as art, history, literature, math, music, philosophy and science. It usually runs about $150 depending on your testing center, but the MAT is no longer accepted by many graduate schools (most now prefer the GRE).
While standardized tests certainly have their place, many students – especially adult learners with regular jobs and busy lives – feel that their hard-earned money would be better spent on tuition and living expenses, and their valuable time on studying, work or family. This has made degree programs like online MBA no GMAT required and online master’s no GRE required increasingly popular.