Cheapest Online MBAs — No GMAT Required

In general, the more education you have, the more money you make. However, higher education is often an expensive endeavor. Fortunately, many business schools offer cheaper online MBA programs that are also more accessible.

Many of these programs do not require the GMAT, allowing you to get started on your degree rather than your test prep. While the GMAT was once a standard for business school admission, the COVID-19 pandemic changed that requirement. Today, fewer schools demand GMAT scores, or they provide waivers to qualifying applicants.

Not taking the GMAT lets you save money as well as time. The test itself costs $275 at a testing center or $300 online. Most successful test-takers spend six months studying for the exam and several more months taking all portions of it. When you do not have to take the GMAT, you can quickly assemble your application package and get an answer from your school.

Learn more about affordable online MBA programs with no GMAT requirement by using the guide below.

Money does not have to prevent you from earning your MBA. You just need to look for a cheaper and more accessible school. Even the cheapest MBA can offer you the complete business school experience and the credentials you need to advance your career.

What do we mean by cheap? The most affordable MBAs cost less than $20,000, while the most expensive programs cost more than $150,000. Pricier degrees typically offer more extensive alumni networks and better name recognition, but are those benefits worth the extra money?

In October 2023, Payscale reported that the average professional with an MBA earned $89,000 annually. That is almost twice the median national salary, but is it enough to justify a top-dollar degree?

Only you can decide the answers. For many business professionals, the choice is clear — an MBA from an accredited school with a strong alumni network or career services office can help them earn more money and achieve their career goals.

We have compiled a list of nonprofit and for-profit institutions that offer this degree program. Use the table below to compare each school’s average net price and program length.

An online MBA can be as valuable as one you earned on a traditional campus. Where you earn your degree and what you concentrate on can add value, but the delivery format has little, if any, impact on the value of your degree.

Many business schools have stopped requiring the GMAT for admission. Other schools offer generous waiver options where applicants who have high GPAs or a lot of experience do not have to take the GMAT.

Yes, you can get an MBA without taking the GMAT. The GMAT is a standardized test that business schools traditionally used to help determine admissions. It does not count toward credits or research requirements.

Each school sets its own rules for waiving the GMAT. Some institutions do not require it at all, while others waive it for applicants with a high GPA or extensive work experience. Talk to your admissions advisor to find out your next steps.