Online MBA Programs with No GMAT Requirement 2021

Business and financial experts complete essential tasks such as drafting budgets, estimating costs, and analyzing economic trends. Professionals in this field earn a median $72,250 annual salary, approximately $30,000 more than the national median for all occupations. The Bureau of Labor Statistics (BLS) projects the financial services sector to grow 5% from 2019-2029.

Recent college graduates and experienced business professionals can prepare for management-level positions by earning an MBA degree. Online MBA programs allow degree-seekers to continue working while in school, and many reputable universities offer an MBA with no GMAT requirement.

How Much Does an MBA Cost?

Students pursuing an online MBA with no GMAT requirement may pay per-credit or flat tuition rates. Most public universities offer significant tuition discounts for in-state students. As a result, prospective students on a budget often choose in-state public schools.

Even though students often save money by pursuing an online MBA program, learners can further reduce out-of-pocket expenses by choosing a university with generous institutional and departmental financial aid. Some institutional scholarships do not require a separate application, and many schools award aid based on the student’s undergraduate GPA and community involvement. Institutions may also award financial assistance for veterans and alumni.

How Much Do MBA Majors Make?

Geographic location can also significantly impact earning potential. Personal financial advisors living in New York, Maine, and Montana earn significantly higher median salaries than similarly qualified professionals in other states, according to the BLS. However, Maine and Montana feature relatively few positions, and New York has a high cost of living.

MBA-holders may increase their salary potential by obtaining relevant licenses and certifications. For example, professionals can earn the certified financial planner credential to demonstrate skills in risk management, insurance planning, and planning liability. Recent graduates can consult a work supervisor to discuss certifications that can help them advance professionally.

Courses in MBA Programs

Online MBA programs prepare students to lead teams and organizations. Degree-seekers complete rigorous coursework, hands-on experiences, and collaborative projects. Many of the top MBA programs offer one or more concentrations, such as analytics. Students who pursue a specialization develop relevant technical skills. Graduation requirements may include a practicum experience or capstone course.

While earning an MBA with no GMAT requirement, students often take the following courses. However, curricula and learning outcomes vary by school. Learners should contact their prospective institution or review the program’s course guide for details.

• Financial and Managerial Accounting
• Operations
• Integrated Technology

Financial and Managerial Accounting

Students in this course draw conclusions from financial statements and apply research best practices to troubleshoot problems. Degree-seekers develop skills in cost behavior, organizational integrity, and organizational architecture. Learners also gain knowledge of key terms and subdisciplines. The introductory course does not typically require prerequisites.

Operations

The class explores the process of developing products, performing quality control checks, and evaluating performance. Students analyze factors affecting efficiency, competitive advantage, and the lean supply chain. Professionals use these skills to improve operations efficiency and ensure successful supply chains.

Integrated Technology

Business managers use various software suites to manage information, communicate with team members, and analyze business trends. Students in the course develop proficiency with IT tools and services. Learners memorize vocabulary and explore how enterprise solutions support companies’ financial success. Graduates can use integrated technology skills to help companies develop new IT strategies.

Certifications and Licensure for MBA Students

Although earning a degree can help professionals improve their career prospects, some positions require additional qualifications. Industry certifications demonstrate that holders have mastered certain business topics. Typical certification requirements include passing an exam and possessing relevant work experience.

Scholarships for MBA Students

Some schools offering an MBA with no GMAT requirement provide generous institutional financial aid. However, students may need further assistance to cover all educational expenses. Learners can also apply for private scholarship opportunities. The scholarship programs below accept applications from MBA degree-seekers. Students should review each scholarship’s requirements before applying.

Online MBA Programs With No GMAT Requirement 2021