While the GMAT is a standard requirement of many MBA programs, there are still plenty of graduate business programs out there that don't require a GMAT score. According to U.S. News and World Report in 2019, 107 ranked online MBA programs reported that they require neither a GMAT nor a GRE test score from applicants.
A Look at One-Year, No-GMAT Online MBA Programs
Benedictine University's online Master of Business Administration (MBA) has seven elective areas, as well as an accelerated option, which allows students to take two courses at a time to finish in one year. Elective areas include: Accounting, Entrepreneurship and Managing Innovation, Financial Management, Health Care Administration, International Business, Internet Marketing and Marketing Management. Students with an educational background in business may be able to waive up to four foundation courses. There are six (6) program start dates per year.
According to College Navigator - National Center for Education Statistics (NCES), the 2018-19 cost of graduate tuition was $17,883 and fees were $1,103.
At Excelsior College online MBA students complete 36-45 on their own schedule, allowing the program to be completed in less than two years. In addition, students may transfer up to 24 credits toward the MBA for approved previous coursework, training, and exams, allowing the degree to be earned in as little as one year. There are five concentrations to choose from: Accounting, General Business, Health Care Management, Human Resource Management and Leadership.
According to the school website in 2018-19, the tuition cost per credit hour was $645. Start dates for the program are flexible.
Aurora University's online MBA is a one-year, 36-credit hour program utilizing traditional textbooks, as well as open education resources (OER) for some courses, using openly licensed content that is available free of charge to students. The curriculum is a General Business MBA track, with an optional three-course, 15-hour leadership track also available.
Program start dates occur several times each year. The 2018-19 graduate annual tuition and fees totaled $12,600, said NCES.
Southern Illinois University - Edwardsville (SIUE)
The MBA program at SIUE has an accelerated track of seven-week courses, giving students the opportunity to complete the program in 12 months. Program tracks include the general MBA with a broad range of electives, as well as specializations in Management, Management Information Systems, or Business Analytics.
SIUE's online MBA program has five (5) start dates a year. The GMAT requirement is waived for applicants with a minimum GPA, specified work experience, or advanced degree (master's and beyond). The 2018-19 graduate tuition for SIUE was $6,925 and fees were $2,105, according to NCES.
Boise State University
Boise State University's online MBA (OMBA), offers an accelerated format of seven-week courses that allows students to complete in 12 months. The degree is offered in general business administration as well as emphases in construction management, healthcare and management. A feature of the Boise State OMBA is its 100 percent digital content, replacing traditional textbook cost. The MBA program has six (6) class starts throughout the year.
The GMAT requirement may be waived for applicants with a specified minimum GPA and management experience. The 2018-19 graduate tuition for SIUE was $6,759 and fees were $2,435, said NCES. Working professionals may qualify for a 15% tuition discount.
Fundamental Courses Common to Online MBA Programs
Many MBA programs share a very similar lineup of core courses, covering various areas of business and skills needed to be an effective business leader. The courses are generally designed to equip students with a strong framework of business knowledge and the skills needed to be successful in today's business environment. The set of core courses commonly includes classes such as:
Ethics and Leadership
Business ethics training typically deals with the fundamental issues a leader encounters at the basis of business. MBA students may be asked to question the structure of business operations and to explore the notions of accountability as well the responsibility of a business towards society at large.
Managerial accounting is concerned with the internal generation, communication and interpretation of information for operational and strategic decision-making purposes in business. MBA students can discover that accounting information can be more than just spreadsheets; it can be an effective management tool.
In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environments they operate in. Topics might include the operation of markets, assessing the macro-economic environment through real-world events, and how to use both theory and real data to make effective business decisions.
Operation management pays attention to the definition of business goals and the design of management policies and procedures for achieving those goals. Students might analyze and strategize methods for improving business operations.
Marketing is crucial to success in any business, since it drives growth and helps to set marketplace value. Students take a look at how a business leader must have a solid foundation of both the theory and practice of marketing.
As a key skill for business leaders, project management is the application of knowledge, skills, tools and techniques to project tasks aligned to meet the requirements of a project. The art and science of project management is often studied within MBA programs as it applies to a variety of business and technology settings.
An MBA can be a pathway to acquire new skills and knowledge about business, increase access to job prospects, and transition into or prepare for, a new position or career. Application requirements vary, but several schools offer online MBA programs that may be completed in about one year.