By BMD Staff Show
The AACSB online MBA used to be very scarce, but now there are nearly 100 colleges with online AACSB MBA programs. Though only 5% of business schools worldwide enjoy AACSB accreditation, there has been a major boom in AACSB MBA online programs over the past couple years. Featured ProgramsOne of the best developments among top online MBA programs is that many schools with these AACSB accredited online MBA programs are incredibly affordable – high quality AACSB accredited MBA programs being offered at community college prices. Among the AASCB MBA online programs on this list there are highly affordable programs for in-state and out-of-state students alike. Methodology Our methodology for developing this list was simple. We took all of the AACSB accredited MBA online programs, and picked the cheapest ones. The tuition we pulled is the average graduate tuition as listed for each individual school by College Navigator, a database search tool of the National Center for Education Statistics. ——————————————— Ranking the Most Affordable AACSB MBA Online Programs 2015#10. Sam Houston State UniversitySam Houston is a cheap option for students living in Texas. The AACSB online MBA offered by the school proves that you don't have to go into massive debt in order to obtain a competitive online AACSB accredited MBA. Tuition: $4,572 #9. Oklahoma State UniversityWebsite Oklahoma State University offers a 48 credit AACSB accredited online MBA. The program is classified as a part-time program, and is designed to provide students with great flexibility. The program allows for credit hour waivers for people with applicable undergraduate backgrounds. OSU provides students with a high quality online MBA accredited by the AACSB. Tuition: $4,488 #8. Arkansas State UniversityThis AACSB online MBA was created because of the current need for high quality programs with the power and flexibility offered by the online format. This AACSB accredited online MBA is targeted at working adults – busy professionals who want to take the next step in their education without missing a step in their career. Tuition: $4,390 #7. East Carolina UniversityEast Carolina University offers one of the most flexible AACSB accredited online MBA programs on the market. The program is designed to accommodate the needs of all students regardless of their undergraduate background. Tuition: $4,223 #6. Prairie View A&M UniversityWebsite While PVAMU's AACSB MBA online is designed to be taken at the pace required by the student, ambitious students can finish in as few as two years. PVAMU offers one of the most affordable and flexible AACSB accredited MBA programs on the market. Tuition: $4,134 #5. University of WyomingWhile many of the schools offering online AACSB MBA programs are high quality and flexible, few can beat the affordability offered by the likes of the University of Wyoming. This is a basic program that only requires 30 credits for completion, meaning you can do the program part time, 100% online, in two years or less. Tuition: $3,978 #4. Texas A&M-CommerceThe great Texas A&M name is one of the most prominent in public education. The school has a massive alumni network and provides one of the best AACSB MBA online programs available. The TAMU Commerce online AACSB MBA is one of the best choices available in the current market. Tuition: $3,630 #3. University of West GeorgiaThe AACSB online MBA offered by the University of West Georgia is affordable for anyone reading this article. Not only is this program the third most affordable online AACSB MBA program overall, the incredible price is available to both state residents and non-residents. Tuition: $3,672 #2. University of Texas at BrownsvilleMost of the University of Texas campuses offer an AACSB accredited online MBA program. The Brownsville campus is certainly the cheapest of the bunch though, clocking in at number two overall on our list. This AACSB MBA online is 48 credit hours long, leaving plenty of room for students to focus on the areas of business which matter most to them. Tuition: $3,444 #1. Fayetteville State UniversityWebsite Enrolling in an online MBA program with no GMAT requirement makes sense for students seeking employment at companies that do not hire based on GMAT scores. The GMAT — or Graduate Management Admission Test — is a standardized, multiple-choice exam that many MBA programs use. Some schools also accept the GRE — or the Graduate Record Examination. The biggest difference between these two tests is that the GRE is a general aptitude test for all disciplines, whereas the GMAT applies specifically to graduate-level business schools. The GRE includes analytical writing, quantitative reasoning, and analytical reasoning components, while the GMAT includes sections in analytical writing and integrated, quantitative, and verbal reasoning. Many reputable colleges and universities offering online MBA programs and executive MBA programs have recently dispensed with the GMAT/GRE requirement, preferring instead to focus on other indicators of success. Read on to learn more about top programs that do not require GMAT or GRE scores. Interesting MBA No-GMAT ProgramsWhy 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 eliminated 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 after graduation. It cannot gauge your interpersonal and networking skills or many 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 ScoresIn 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 ask for GMAT scores.
Interesting MBA No-GMAT ProgramsChoosing a Quality Online MBA ProgramWhen evaluating an online MBA program with no GMAT requirement, consider several degree components before making your final choice. CurriculumThe curricula of online MBA programs with no GMAT requirements can vary substantially, so research your top schools carefully before committing. Students entering straight from undergraduate studies may prefer programs with an internship component to gain practical experience, while students with work experience may want a program without this requirement. Concentration AvailabilityMany online MBA programs with no GMAT requirement allow students to pursue a concentration to develop specialized knowledge. Find the program that offers the best options for your career aspirations. Common concentrations include entrepreneurship, healthcare management, management, and international business. Graduation Rates and Job Placement RatesIf a program suffers from a low graduation rate, many learners may transfer out of that program to a different school. If job placement rates are low, employers may believe that program graduates are not prepared for the workforce. AccreditationAccreditation demonstrates that a school and/or program went through a rigorous vetting process. Accreditation also indicates that the school and/or program adequately supports learners while they are enrolled, preparing graduates to enter the workforce. Type of ProgramMBA programs with no GMAT required are available in many different formats. Some learners may prefer a degree taught entirely online, while others may be attracted to a hybrid or blended learning format. Still others may enjoy taking part in weekend intensives several times over the course of the degree. AffordabilityStudent loan debt totaled nearly $1.8 trillion as of February 2020, making affordability an important component to consider. Speak with each program's admissions department about institutional and departmental scholarships, fellowships, and assistantships. FacultyMake sure that your chosen program's faculty includes professors who specialize in your area of interest. Accreditation for Online MBA Programs With No GMAT RequirementsEnrolling in programs that lack accreditation can make it difficult/impossible for you to receive federal student aid, transfer credits, apply for licensure, and/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 OutlookEarning an online MBA can help you command a high salary, even right after graduation. According to the Business School Hiring Report compiled by the Graduate Management Admission Council, the median annual starting salary of MBA-holders was $115,000 in 2019. This number should increase for 2020, as approximately 56% of hiring companies stated they planned to increase starting salaries for MBA graduates. While many international companies now gravitate toward master's in management graduates (69% of Asian companies and 67% of European companies), the MBA remains popular for U.S.-based hiring managers. This holds true for candidates who complete an MBA outside of North America, with approximately 48% of U.S.-based employers stating a willingness to hire international candidates. Salary Opportunities for MBA GraduatesIf you have ever wondered what you can do with a business degree, the table below describes some of the most popular jobs and industries for online MBA graduates. Median Salary of MBA Graduates by Job Function
Interesting MBA No-GMAT ProgramsIf You Need to Take the GMAT or GREEven though many MBA programs no longer require applicants to take the GMAT or GRE, some students may feel that top grades on these exams can help bolster their chances of being admitted in the absence of other strong indicators. If your undergraduate GPA was low or if you lack work experience, an impressive GMAT score can help you earn admission. Preparing for the GMAT and GRE exams can feel overwhelming, but plenty of GMAT and GRE prep resources can help you excel. The Best Online MBA Programs, No GMAT Required#1University of Minnesota-Twin Cities
Visit Site Located in Minneapolis, Minnesota, the University of Minnesota-Twin Cities offers an online master of business administration that encourages career training throughout its curriculum, preparing graduates for leadership positions. The master's curriculum emphasizes the best practices in business management. Learners take electives and other specialized courses to gain career-specific training. Applicants without a background in business management may need to complete prerequisite courses before enrolling in the master's program. Online enrollees gain real-world experience through internships offered in their local area. Graduate students expand their professional network through internships and online events. University of Minnesota-Twin Cities at a Glance: Type of school: Public, 4-year or above Admission Rate: 57% Total Online Master's Programs: 3 Graduate Tuition In State: $17,580 Graduate Tuition Out of State: $27,204 Visit Site #2University of Miami
Visit Site Based in Coral Gables, Florida, the University of Miami hosts a top-rated online master of business administration. The master's curriculum incorporates theoretical and applied approaches. Learners take specialized courses to stand out in a competitive job market. The master's program recommends a background in business management before applying to the program. Online enrollees coordinate with the program to complete internships at approved sites in their local area. Graduate students expand their professional connections by attending virtual networking events. University of Miami at a Glance: Type of school: Private not-for-profit, 4-year or above Admission Rate: 27% Total Online Master's Programs: 11 Graduate Tuition In State: $37,800 Graduate Tuition Out of State: $37,800 Visit Site #3Johnson University
Visit Site From its campus in Knoxville, Tennessee, Johnson University hosts a top-ranked master of business administration designed to strengthen 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 research methods and analytical skills. Learners specialize their course of study to prepare for the job market. Applicants who majored in business management or a related field typically meet the admission requirements. Online enrollees work with the program to arrange professional internships at approved locations in their local area. Graduate students also build professional connections by attending networking events. Johnson University at a Glance: Type of school: Private not-for-profit, 4-year or above Admission Rate: 53% Total Online Master's Programs: 4 Graduate Tuition In State: $10,350 Graduate Tuition Out of State: $10,350 Visit Site #4Southeastern Oklahoma State University
Visit Site From its campus in Durant, Oklahoma, Southeastern Oklahoma State University hosts a top-ranked master of business administration in general business program with a rigorous curriculum that prepares graduates for leadership responsibilities. Earning a master's degree 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 field. Learners focus their training by choosing electives based on their interests and career goals. Applicants without a degree in business management or a related field may need to meet prerequisite requirements to enroll in the program. Online enrollees work with the program to find internship opportunities in their local area. Graduate students grow their professional connections through internships and virtual networking events. Southeastern Oklahoma State University at a Glance: Type of school: Public, 4-year or above Admission Rate: 74% Total Online Master's Programs: 11 Graduate Tuition In State: $4,716 Graduate Tuition Out of State: $10,872 Visit Site #5Southern Methodist University
Visit Site Based in Dallas, Texas, Southern Methodist University hosts a top-rated online master of business administration that prepares graduates for leadership responsibilities. After earning a master's degree, candidates can also pursue careers in new industries. The master's curriculum examines advanced theories and practices in business management. Learners take specialized courses to stand out in a competitive job market. The program recommends that applicants bring a background in business management or a related field. Online enrollees gain real-world experience through internships offered in their local area. Graduate students expand their professional connections by attending virtual networking events. Southern Methodist University at a Glance: Type of school: Private not-for-profit, 4-year or above Admission Rate: 47% Total Online Master's Programs: 25 Graduate Tuition In State: $40,896 Graduate Tuition Out of State: $40,896 Visit Site #6Missouri Baptist University
Visit Site Located in Saint Louis, Missouri Baptist University offers an online master of business administration program that prepares graduates for leadership responsibilities. A master's degree can also lead candidates to new career paths. The master's curriculum emphasizes theory and practice in business management. Learners specialize their course of study to prepare for the job market. Applicants who majored in business management or a related field typically meet the admission requirements. Online enrollees complete internships in their local community to gain real-world experience. Internships and other practicum activities build both hands-on experience and professional connections. Missouri Baptist University at a Glance: Type of school: Private not-for-profit, 4-year or above Admission Rate: 61% Total Online Master's Programs: 10 Graduate Tuition In State: $10,197 Graduate Tuition Out of State: $10,197 Visit Site #7Lincoln Memorial University
Visit Site From its campus in Harrogate, Tennessee, Lincoln Memorial University hosts a top-ranked master in business administration. The program emphasizes industry-relevant knowledge and skills, preparing graduates for decision-making 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 covers theoretical and practical approaches to business administration. Learners choose electives or a specialization to gain focused career training. The program recommends that applicants bring a background in business administration or a related field. Online enrollees work with the program to arrange professional internships at approved locations in their local area. Graduate students also build professional connections by attending networking events. Lincoln Memorial University at a Glance: Type of school: Private not-for-profit, 4-year or above Admission Rate: 50% Total Online Master's Programs: 12 Graduate Tuition In State: $18,093 Graduate Tuition Out of State: $18,093 Visit Site #8Bentley University
Visit Site The online accelerated master of business administration at Bentley University, located in Waltham, uses a flexible distance learning format. The program builds specialized skills for leadership roles in the business management field and related industries. A master's degree allows candidates to move up the career ladder or pursue a new career path. The master's curriculum emphasizes both practical and theoretical approaches to business management. Learners choose electives and concentrations to prepare for focused career paths. Applicants who majored in business management or a related field typically meet the admission requirements. Online enrollees work with the program to identify internship opportunities at approved sites in their local communities. Graduate students expand their professional network through internships and online events. Bentley University at a Glance: Type of school: Private not-for-profit, 4-year or above Admission Rate: 47% Total Online Master's Programs: 3 Graduate Tuition In State: $38,400 Graduate Tuition Out of State: $38,400 Visit Site #9University of Cincinnati-Main Campus
Visit Site Graduate students seeking an online business management degree can enroll in the master's program at the University of Cincinnati-Main Campus. The master of business administration program builds specialized skills for leadership roles in the business management field and related industries. After completing a master's degree, candidates advance in their current field or pursue new opportunities. The master's curriculum incorporates theoretical and applied approaches. Learners choose electives or a specialization to stand out in a competitive job market. The master's program builds on prior business management experience during a bachelor's program. Online enrollees gain real-world experience through internships offered in their local area. Graduate students also build professional connections by attending networking events. University of Cincinnati-Main Campus at a Glance: Type of school: Public, 4-year or above Admission Rate: 77% Total Online Master's Programs: 21 Graduate Tuition In State: $12,790 Graduate Tuition Out of State: $24,532 Visit Site #10Point University
Visit Site From its campus in West Point, Georgia, Point University hosts a top-ranked master of business administration degree. The program encourages career training throughout its curriculum, preparing graduates for leadership positions. A master's degree can also train candidates for roles in new industries. The master's curriculum covers methodological and research perspectives. Learners focus their training by choosing electives based on their interests and career goals. Applicants who majored in business management or a related field typically meet the admission requirements. Online enrollees complete internship requirements at approved sites in their own community. Graduate students also participate in networking events to expand their professional connections. Point University at a Glance: Type of school: Private not-for-profit, 4-year or above Admission Rate: 29% Total Online Master's Programs: 7 Graduate Tuition In State: $12,360 Graduate Tuition Out of State: $12,360 Visit Site Online MBA Programs Without GMAT Ranking GuidelinesWe selected these programs based on their quality and the variety of courses provided, as well as school awards, rankings, and reputation. The motto of TheBestSchools.org is Finding the best school for you. Here is how we do it: The value of any ranking list of schools and/or degree programs depends on having a methodologically sound assessment of each school’s/program’s characteristics, especially insofar as these can be objectively measured. A college or university is a complex entity, with numerous factors to consider, and distilling these down to the place where meaningful comparisons can be made to form a defensible ranking list becomes part science and part art. To meet this challenge—and thereby provide you with the most useful and insightful educational rankings on the Internet — TheBestSchools.org formulates our rankings based on five informational categories (six, when considering online schools). The major metrics and qualities for which we rank are these (with expanded, detailed considerations and weights listed): 1. Academic excellence based on a school’s curriculum generally or within the selected discipline [weight = 25%]
2. Strength of faculty scholarship [weight = 25%]
3. Reputation [weight = 20%]
4. Financial aid [weight = 10%]
5. Range of degree programs [weight = 20%]
6. Strength of online instruction methodology (if applicable) [weight = 25%; subtract 5% from each of the above for online schools/programs]
Because students tend to review a variety of information when choosing a school, the weight a student gives any one criterion will vary. For instance, it’s not enough to offer a carefully constructed ranking of great schools if many are too expensive or too difficult to get into. To better serve the needs of prospective students, we are therefore increasingly offering filters that help you better use our rankings to find the schools that match your specific needs. These supplement our ranking criteria and include:
Get the best rankings here AND get them to suit your personal needs. That’s TheBestSchools.org advantage! If you have any questions about our ranking methodology, please contact us. Citations: For a broader account of our ranking methodology, especially as it relates to TheBestSchools.org's underlying educational philosophy and, in other ranking articles, looks beyond academic excellence (as here) to such factors as return on investment or incidental benefit, see our article "Ranking Methodology: How We Rank Schools at TBS." Reputation of schools and degree programs can at least in part be gauged through the school or department's publishing activity, citations, and desirability. At TheBestSchools.org, we keep track of such social and peer validation: "Making Sense of College Rankings." For nuts-and-bolts information about colleges and universities, we look to the National Center for Education Statistics and especially its College Navigator. Insofar as salary and inflation data are relevant to a ranking, we look to the Bureau of Labor Statistics. Finally, nothing beats contacting schools and degree programs directly, which our researchers often do, with the result that all the entries in this article should be considered as belonging to this citation! Questions About MBA Programs Without the GMATDo You Need GMAT Scores to Pursue an Online MBA?Sometimes. It depends on the program. Some schools now allow learners to forego taking the GMAT. Can You Get an MBA Without Taking the GMAT?If you attend a school that does not require GMAT scores, then yes. What MBA Programs Do Not Require the GMAT?Many universities dropped GMAT requirements in the last few years, including some of the top-ranked programs in the nation. Do All MBA Programs Require the GMAT?No. While many schools still require this component, more and more schools no longer require applicants to submit GMAT scores. What Is the Best Online MBA Program?The best online MBA program is the one that matches with your academic abilities, professional goals, lifestyle, and financial needs. How Much Does an Online MBA cost?The cost of earning an online MBA can vary substantially. For example, in-state learners at Tarleton State University pay around $700/credit, while students at George Washington University pay almost $1,900/credit. Interesting MBA No-GMAT ProgramsLearn more, do more.More topic-relevant resources to expand your knowledge.Popular with our students.Highly informative resources to keep your education journey on track. Take the next step toward your future with online learning.Discover schools with the programs and courses you’re interested in, and start learning today. Is AACSB accreditation important for MBA?How important is AACSB accreditation for an MBA program? AACSB is among the most rigorous accrediting agencies. Approximately 86% of schools stated that AACSB accreditation requirements were among the most stringent. Because of this, graduates of AACSB-accredited schools are often valued by potential employers.
Are there MBA programs that don't require GMAT?1. Massachusetts Institute of Technology (Sloan) MIT Sloan allows applicants to request a test waiver, and if approved, then no GMAT or GRE score is required.
Do employers take online MBAs seriously?Is Your School Accredited? The first thing most employers check is a school's accreditation. If your online MBA is from a school that isn't accredited, you likely won't be taken seriously for a job.
Is an online MBA credible?According to U.S. News & World Report, recruiters say most employers accept job candidates' online MBAs from respected schools. According to Inc.com, some employers even prefer their employees seek an online MBA because it gives these professionals the flexibility and freedom to work and study at the same time.
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