Online education is on the rise due to the Covid-19 Coronavirus. Many international students are opting for online education. Candidates seeking an MBA degree are also opting to do an MBA online because they do not have the time to attend a full-time MBA course on campus and continue their job easily while studying. Many business schools are making their MBA degree more accessible by teaching them via distance education and eliminating the GMAT requirement to alleviate their burden.
Over time, the GMAT became a requirement for admission to most MBA degrees online. Unfortunately, GMAT scores are still essential by many Online MBA schools, which are utilized by admissions committees to indicate academic competence for the challenging curriculum. Some institutions claim that these exams do not predict exactly the academic achievement of candidates from low-income families. Others admit that the cost of studying for the GMAT disqualifies some qualified candidates. The GMAT is no longer required by many institutions and universities that offer outstanding online MBA programs.
What is the GMAT?
The Graduate Management Admissions Test was designed in 1953 by nine business schools to create a consistent admissions criterion (GMAT). The GMAT is a standard multiple-choice exam that is intended to determine a prospective business student's ability and potential. This four-part exam includes sections on quantitative reasoning, integrated reasoning, verbal multiple-choice questions, and analytical writing. These sections examine a prospective business student's analytical, critical thinking, and problem-solving abilities. The GMAT costs $250 and takes 3-4 hours to complete.
Master's in management, MBAs, and MA or MS degrees in business-related subjects are examples of graduate programs that generally need the GMAT. GMAT scores of 600 are commonly required for top business schools, while scores in the 700-800 range are expected by elite programs. It usually takes several months of intense study to perform well on this tough test.
Why are Universities dropping or not requiring the GMAT?
The GMAT evaluates students' fundamental capabilities and can be used to demonstrate their readiness for graduate studies, but it does not examine intangible traits like leadership or teamwork. While a high GMAT score indicates that you can learn how to pass an exam, it does not necessarily indicate how well you will perform in classes or whether you will be a successful company manager after graduation. It is unable to assess your social and marketing capabilities, as well as a variety of other crucial business skills. As a result, it makes sense for MBA programs to take into account additional factors when evaluating applications.
What are the MBA and its benefits?
The Master of Business Administration (MBA) is a worldwide recognized degree that focuses on building the skills necessary for jobs in business and management professions. An MBA in business administration can route to very successful careers for business executives. MBA degrees can help graduates get promoted, find new jobs, and earn more money.
Types of MBA Degrees
Finance, human resources management, business management, e-business/e-commerce, accounting, global management, strategic/risk management, technology management, economics, marketing, and operations are all covered in most MBA programs, along with elective courses that allow students to pursue personal or professional desires. Some institutions require MBA candidates to complete an internship with a firm or organization, which can lead to real job opportunities immediately after graduating.
MBA Degree Salary
According to PayScale, MBA graduates earn an average yearly salary of $88,990, which is more than $22,500 more than their BBA counterparts. According to U.S. News, the average MBA holder's salary in 2020 was $137,890. In 2019, the average income and bonuses for executives with an MBA exceeded $230,000 per year. Recent graduates who went into the nonprofit or government sector stated a starting pay of $65,000 per year, which is significantly lower as compared to previous years.
MBA Requirements in the USA
Every university have different MBA degree requirements for admission but Common admission requirements for admission in MBA are listed below:
A four-year bachelor's degree from a recognized university in the United States or its overseas equivalent is necessary.A minimum of 2 to 3 years of work experience is necessary, depending on your duties.
TOEFL test for international students is required with minimum paper-based scores of 550–600 and computer-based scores of 213–250.
Two professional recommendation letters
Resume in its complete form
Personal Statement
Educational transcripts
GMAT score over 600
List of best online MBA programs in USA without GMAT
For prospective Online MBA students, we've compiled a list of the 5 best online MBA programs in the United States that don't require the GMAT. Our list of the top five online MBA programs is based on a combination of institutional and student survey data, which includes professional success, technology infrastructure, academic complexity, cost, and affordability.
1. The University of North Carolina at Chapel Hill - Kenan-Flagler Business School
The MBA@UNC program is an online MBA offered by the University of North Carolina Kenan-Flagler Business School. MBA@UNC offers an MBA program in a more flexible online format which is equally as popular as those offered on campus. Students can attend weekly live classes from anywhere thanks to cutting-edge technology. The program's flexible length (18-36 months) allows students to fit it into their schedules. These programs' online classes are recorded and archived in their entirety. Students should also be informed that UNC-Chapel Hill conducts online MBA programs that are accredited by the Association to Advance Collegiate Schools of Business (AACSB).
The MBA program at UNC begins with basic classes including "Analytical Tools" and "Business Strategy." Students then take electives from a wide range of topics, including entrepreneurship, finance, marketing, consulting, data analytics, and decision making. All coursework is delivered online in a hybrid of synchronous and asynchronous formats, and students must complete two compulsory six-day immersive experiences in person.
A GMAT score report is required for those applicants who have less than five years of professional work experience. Applicants with less than five years of work experience must request a waiver if they believe they are eligible for an exemption. The GMAT is not required for applicants who have five or more years of full-time professional work experience.
The average GMAT score is 670, while the average undergraduate GPA is 3.2. Last year, 57 percent of applicants were accepted into the public university's online program. Kenan-Flagler currently has 717 students enrolled in its online MBA program, with a one-year retention rate of 96.15 percent in 2020. Each year, there are four application deadlines (one per quarter). To graduate, students must complete 62 credits.
UNC Chapel Hill Online MBA Cost
To check UNC Chapel Hill online MBA cost, financial aid and support visit this link
Visit Program Homepage: UNC Chapel Hill Online MBA
2. Colorado State University
Colorado State University, the flagship university of the Colorado State University System, was founded in 1870 and is a public research university in Fort Collins, Colorado. Around 2,000 highly skilled faculty members work in eight colleges and 55 academic areas at the university. There are more than 160-degree programs available to undergraduate and graduate students on campus and online. The Higher Learning Commission, a North Central Association of Schools and Colleges Commission, has granted Colorado State University accreditation.
CSU's Online Program brings together bright minds from all around the world to learn in one inspiring environment. Through online study and streaming video, the online MBA provides a comprehensive curriculum that replicates the on-campus classroom atmosphere for working professionals. Learning is reinforced and discussions are facilitated by dedicated Instructional Coordinators. It is designed to provide you with the most flexibility possible, allowing you to keep your job while pursuing your graduate degree.
The online MBA from CSU's College of Business is a 42-credit course that can be completed in two years or spread out over five years. You may acquire your MBA without risking your life or the quality of your degree with an Online MBA from CSU's College of Business. You'll obtain the same fully accredited MBA as those who study on campus.
The online Master of Business Administration study plan guarantees that you understand key ideas before moving further in the course. The AACSB-accredited program includes all of the key business functional areas which includes accounting, finance, information systems, human resources, supply chain, strategy, and marketing. These are just a few of the main functional areas of business you'll study, and you'll eventually join a large alumni network. The application procedure for an online MBA in CSU’s College of Business is simple, and there is no GMAT requirement, so you may get started right away.
Colorado State University MBA Cost
To check Colorado State University MBA cost, financial aid and support visit this link
Visit Program Homepage: Colorado State University Online MBA
3. Pepperdine University - Pepperdine Graziadio Business School
GMAT is not required for admission to Pepperdine University's Pepperdine Graziadio Business School's part-time MBA program, but they are accepted. According to Pepperdine, the part-time program is "made for busy working individuals that focuses on transformative leadership ."
The online MBA degree at Pepperdine University is known for being relational, applied, immersive, and learner-centered. It was designed to push students to improve while also allowing them to form significant connections with peers, illustrious instructors, and influential organizations in California. This online MBA is tailored to the needs of working professionals.
The online curriculum combines rigorous instruction in strategy, technology, and values-driven leadership, just like its on-campus equivalent. Through live weekly class discussions, optional global learning activities, and one mandatory on-campus immersion at the beginning of the program, the online MBA focuses on practical learning.
Its program combines technology, strategy, and values-driven leadership education to equip corporate leaders to make significant changes at work and in the world. Distance learners participate in the Education to the Business initiative, which helps companies like Coca-Cola and Adobe tackle real-world business problems.
Pepperdine's online MBA program offers students a vibrant and engaging learning environment with a one-on-one instructor and peer-to-peer interaction, taught by esteemed faculty with real-world and academic skills who are capable of teaching online. MBA students choose one of seven specialties to focus their studies. Pepperdine's online MBA students are not merely educated for today's business, they are educated as experts that drive innovation and lead with dignity.
Pepperdine University MBA Cost
To check Pepperdine University MBA cost, financial aid and support visit this link
Visit Program Homepage: Pepperdine University Online MBA
4. American University - Kogod School of Business
The Kogod School of Business at American University offers an accelerated online MBA with no GMAT, GRE, or minimum work experience requirements. The MBA@American program is designed for professionals in their mid-career who wish to improve their strategic communication and management skills in order to advance into leadership positions. The Kogod School of Business provides a forward-thinking approach to business education, emphasising diversity and realizing that 21st-century growth needs a global perspective.
Instead of rivalry among peers, the great curriculum emphasises team-based learning. Financial accounting, international economic management, and strategic decision-making are all required courses for the 48-credit degree. Students can choose between 15 months, 18 months, or 24 months of study. American uses a live, face-to-face video format to deliver classes. Weekly live classes are held using Zoom video conferencing in a collaborative online classroom format to maximise peer and professor interaction.
Exceptional applicants may be exempt from the introductory course and instead take an elective. Students are required to participate in two in-person immersions. These learning experiences take place on campus at American University in Washington, D.C., as well as in major foreign and domestic business hotspots such as Atlanta, Montreal, New York City, Kenya, Chicago, and others.
Each candidate must have a bachelor's degree from an authorised college or university in order to be accepted into an American university. A personal statement, resume, letters of recommendation, and official transcripts are required of all applicants. GMAT and GRE scores are not required.
American University Online MBA Cost
To check American University online MBA cost, financial aid and support visit this link
Program Homepage: American University Online MBA
5. Babson College - F.W. Olin Graduate School of Business
Babson College's F.W. Olin Graduate School of Business now offers an online MBA with no GMAT requirement. Babson's online MBA is tailored to help you strike a work-life balance. Develop the entrepreneurial attitude, strategic management skills, and worldwide network that will help you succeed in your career. Enrolled students have the flexibility to change their schedules to accommodate life milestones and to make the MBA match their lifestyles.
Choose courses that correspond with your career goals or allow you to explore new topics, whether you're wanting to grow in your current job or switch careers. The part time MBA program at Babson College combines real-world consulting tasks, entrepreneurial and innovation challenges, and experiential learning. Part-time MBA students have the same access to courses, faculty, experiential learning opportunities, intensity tracks, concentrations, and academic centres as full-time MBA students.
Babson professors include startup founders, published researchers, angel capitalists, and more, but they are most importantly instructors. Students should be aware that Babson College (Olin ) MBA program are recognised by the Association to Advance Collegiate Schools of Business (AACSB), the top standard in business school accreditation.
Babson Online MBA Cost
To check Babson online MBA cost, financial aid and support visit this link
Program Homepage: Babson College online MBA
